2013 was a good year for sellers. Homes sales and prices were higher. Foreclosures and short sale homes were significantly lower. we had more closed sales in 2013, totaling 53,087, or an increase of 8.8%  5 year high home price $192,000 10.5% less homes for sale. With all of these factors, multiple offers are still very […]

Once in a while, you may see a home listed for sale at a ridiculously low price of $1. Yes, a dollar. Almost always, this indicates that the house is being sold under auction terms. Some times a different house may be identified as going under auction, with a higher price. Either way, auctions can […]

In November, we saw much of the same as through the year. Overall closed sales down 5.9% due to far fewer foreclosures and short sales. Inventory is still down, and multiple offers are still common. The median sales price is holding steady at $195,000. Watch the full video for more information:

Sellers new listings are up 15%, but most of the gains are in the traditional sellers, which is up a huge 39%. Foreclosures and short sales listings are both down almost 50% each. This is great news, that the market is more stable than before, with fewer foreclosures and short sale properties. Overall the inventory […]

What's the difference between these two terms? In Foreclosure In foreclosure means that the house is in the process of being foreclosed. This is the time period where the seller has been notified of the start of the foreclosure process, to the sheriff sale, to the end of the redemption time period. In Minnesota, we […]

5 Reasons to stage a home for sale? There are several reasons why I recommend staging a home before putting it up for sale. I've listed my top 5 below. Read on. It's the basis of marketing Marketing a home starts with the basics. You have to start with a strong foundation and build upon […]

September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers. Demand is still strong due to 4 factors: Affordable mortgage rates - interest is still under 4.5% on a 30 year mortgage […]

I was recently showing a condo property in the Eagan and Burnsville areas to one of my clients. They were asking me why the association dues vary so much between buildings. Well, there can be several reasons and I'll cover some of the top reasons in this post. Shortage of reserves I recently heard of […]

Although new listings have increased 16.5% and almost all of that came from traditional sellers (not foreclosures or short sales), inventory is still low, being 9.9% lower than last year. That means there is still competition on well-priced, well staged homes for sale. Buyers are keeping a sharp eye on new homes as they enter […]

I recently had 2 buyers both perform a sewer line inspection, one in South Minneapolis, one in St. Louis Park. They both happen to use the same company, and both had completely different results. Why do a sewer line inspection Sewer lines can be constructed using very different methods. The most common ones are a […]