5-Day Paint Sale

Looking to transform a room with color? Ready to get moving with rollers and brushes? Now’s a good time to get paint at a discount! And you don’t have to paint right now to get the discount. Paint next week or the following week. You get the picture.

Real Estate Update

Weekly Real Estate Update
October 1, 2012


With October here, 2012 has certainly flown by. The things to be watching for this fall are the same things you’ve likely been watching all year. Changes in sales levels, active listings, market times, seller concessions and, of course, home prices have taken center stage. To showcase just one, home prices may moderate on a month-to-month basis but should continue to demonstrate resiliency in a year-over-year sense. While the economy has been sending some mixed signals lately, one aspect of this recovery remains convincing: housing will be a net contributor.

In the Twin Cities region, for the week ending September 22:
• New Listings decreased 1.1% to 1,295
• Pending Sales increased 22.8% to 1,078
• Inventory decreased 29.4% to 16,428

For the month of August:
• Median Sales Price increased 14.8% to $178,000
• Days on Market decreased 23.9% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 41.1% to 4.2

As reported by the Minneapolis Area Association of Realtors

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Ready to buy or sell a home? Call the sister team.
We’d love to help you move forward.

Ellen and Kate Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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Reveling in The Beauty of Fall

Photo of the Day
September 30, 2012

It was such a gorgeous weekend we were blessed with here in the Twin Cities. Temperatures in the upper 70’s and low 80’s, barely any wind, and plenty of sunshine. Did you get an opportunity to get out and enjoy it?

Goodbye to September, hello to October. Have a wonderful Monday!

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Real Estate Update

Weekly Real Estate Update
September 24, 2012

On September 13, the Federal Reserve announced its third round of quantitative easing (QE3). This time, it took the form of $40 billion in mortgage-backed securities (MBS) purchases each month. The goal is to bolster the stock market by diminishing returns on MBSs. This will make equities more attractive, which will provide capital to corporations, who should in turn hire and therefore spur consumer spending. If successful, that job creation and spending will resonate into housing consumption and reinvestment. New jobs fuel housing demand which alleviates underwater homeowners and supports home prices. Here’s how we rounded out the week.

In the Twin Cities region, for the week ending September 15:
• New Listings increased 4.0% to 1,360
• Pending Sales increased 18.4% to 978
• Inventory decreased 29.5% to 16,479

For the month of August:
• Median Sales Price increased 14.8% to $178,000
• Days on Market decreased 23.9% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 41.5% to 4.2

As reported by the Minneapolis Area Association of Realtors

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Ready to buy or sell a home? Call the sister team.
We’d love to help you move forward.

Ellen and Kate Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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Taking Time for Solitude

Weekly Photo Challenge: Solitary

“I believe that reading, in its original essence, is that fruitful miracle of a communication in the midst of solitude.”  –Marcel Proust

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This week’s photo challenge is “Solitary”.  If you already spend time alone, you may know some of the benefits: relaxation, heightened self-awareness, focus and concentration, increased self-reliance and self-confidence, freedom, spirituality, creative thinking, problem solving skill building, and other benefits. Here are a few articles on the topic of solitude:

The Surprising Benefits of Solitude, by Andrew McAfee

This article (above) in particular was interesting to me relative to the subject of brainstorming sessions, focus groups and group interviews.

The Lost Art of Solitude, by Leo Babauta

The Power of Lonely, By Leon Neyfakh

A woman taking time to enjoy a park setting in solitude

The same woman but a different photographic perspective of solitude

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It’s Color Time!

Happy First Day of Autumn

Look to nature when considering color palettes for your home. Learn what colors you are drawn to. See which color combinations catch your eye and please you. Some colors are calming, soothing. Others pop out such as these wine and red-colored leaves against their green background. Bring the beauty of the earth into your interior spaces.

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They Fell in Love…

And Then They Bought It

My sister and I were working with a lovely newly wedded couple to find them a home. We looked at homes in Saint Paul. We looked in Minneapolis. We looked along the river front. And then this home came on the market. Initially, the only photo on the MLS was of the front exterior. I told them it was either ugly and dated inside or the listing agents were planning professional photos to be taken.  It turned out they were having professional photos taken of the interiors.

We went to see it right away. The couple knew they had found something special that first time through. My sister and I have worked with many buyers who have walked into homes and known immediately it was the home for them.

The home had been owned by the sellers for over forty years. The prior owners had also lived in this home for decades. Both of the previous owners had been newly wedded couples when they first moved in to this home. This is what I call great predecessor history. It bodes well for this couple’s future happiness.

The next day we went back with an architect to get some ideas and cost information for remodeling the kitchen. The architect confirmed they had great space to work with.

They made their offer, and after some pretty painless negotiation, the contract was signed and delivered. They secured an amazing 2.75% mortgage rate. The closing took place at the end of July. They love their new home.

I can’t wait to see their new kitchen!

The home has a great screened porch!

And a private, double lot with mature trees and perennial gardens.

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Ready to buy or sell a home? Call the sister team.
We’d love to help you move forward.

Ellen and Kate Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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Real Estate Update

Weekly Real Estate Update
September 17, 2012


You fill the pot with the water and you turn the stove top on and you wait. You watch it and you want something to happen and it seems to take an exceptionally longtime. All you want to do is add the pasta or the brown rice or the frozen peas. And you wait. Because it’s important to wait until the water is roiling along in what is seemingly chaotic motion but is really the perfect environment for what is meant to be within it. This is our current housing market. It’s been an undeniably good spring and summer, and now we wait to see if the fall showcase is just as good if we mix in the right amount of inventory, sales and days on market.

In the Twin Cities region, for the week ending September 8:
• New Listings increased 2.2% to 1,273
• Pending Sales increased 24.2% to 940
• Inventory decreased 29.6% to 16,458

For the month of August:
• Median Sales Price increased 15.2% to $178,600
• Days on Market decreased 24.0% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 42.0% to 4.1

As reported by the Minneapolis Area Association of Realtors

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Ready to buy or sell a home? Call the sister team.
We’d love to help you move forward.

Ellen and Kate Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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Fall 2012 Parade of Homes

Parade of Homes (New Homes)
September 8-30

Remodelers Showcase
September 28-30

Homes open Thursday through Sunday, noon to 6pm

There are very few new homes on the Parade this year compared with other years. There are far more remodels. This is not surprising given the real estate marketplace of late.

We’re featuring these two St. Paul remodels because we recently had clients close on their new home in St. Paul and they plan to do some remodeling. They are seeking to make the new space blend and match the original period of the house. This is always a good way to approach a remodel and addition; big differences in the feel of spaces will hurt sellers when it comes time to sell.

839 Osceola Avenue, St. Paul

Here is a description of this project from the Parade of Homes website: “This kitchen and bath remodel in a historically significant house in Saint Paul’s Summit Hill neighborhood illustrates how to remodel the heart of a house without losing its soul. Next Level Renovation, with designer David Heide, replaced the 1980’s kitchen in this 1890 residence with a space that features period sensibilities and the latest amenities. The original house was designed by Cass Gilbert, the turn-of-the-twentieth-century architect, notable for his classic homes and other buildings, including the State Capitol in Saint Paul.”

683 Portland Avenue, St. Paul

From the description on the Parade of Homes website: “Come and see how the convenience of a modern kitchen blends seamlessly with a stately home in the historic Summit Avenue neighborhood of St. Paul. The three-story addition also provides an art studio, main-floor laundry/mud room, and a cozy wine cellar with tasting room. In collaboration with architect David Herreid, McDonald Remodeling proves again that you can have it all: character, style, and convenience in your existing home!”

Contact us for more information if you are considering a remodel or an addition and would like to discuss keeping your home and design as salable as possible. Visiting the Remodelers Showcase homes is a good way to meet remodelers and see their work in person.

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Kate and Ellen Walsh
Coldwell Banker Burnet
612.220.3304
emwalsh@cbburnet.com

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Weekly Photo Challenge: Everyday Life

I love this week’s theme from the WordPress Weekly Photo Challenge. There are so many opportunities to capture people in the midst of their everyday lives. What do you see in your life? Here are things I saw on a recent trip to San Francisco and back here at home.

Mobile phones are a big part of everyday life

Another phone user, this time at the airport

A window cleaner

Cleaning at the airport

And back home again, at the Centennial Lakes Art Fair

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Real Estate Update

Weekly Real Estate Update
September 10, 2012

Signals. They’re everywhere. From the flow of traffic on Main Street to the movement of electrons inside a microchip, we take our cues from trusted indicators. Recently, housing data has been signaling increased momentum toward recovery. It doesn’t really matter what signals you’re watching either. From new starts, existing sales and prices to market times, seller concessions, and the supply/demand balance, all signals point to healing. That said, it won’t necessarily be quick nor felt evenly across all cities or states.

In the Twin Cities region, for the week ending September 1:
• New Listings decreased 10.1% to 1,171
• Pending Sales increased 13.3% to 1,025
• Inventory decreased 30.0% to 16,676

For the month of August:
• Median Sales Price increased 15.5% to $179,000
• Days on Market decreased 24.1% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 42.7% to 4.1

As reported by the Minneapolis Area Association of Realtors

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Real Estate Update

Weekly Real Estate Update
September 4, 2012

We are converging upon an interesting wait-and-see season in residential real estate. All year-long, we have witnessed some rather positive year over year decreases in inventory numbers and increases in sales, percent of original list price received at sale and median sales price. After many years of struggling to tread water – and, indeed, often failing to do so – there is hope. With quieter autumnal and winter months looming, we will be giving extra scrutiny to the trend lines in the weeks to come.

In the Twin Cities region, for the week ending August 25:
• New Listings increased 1.3% to 1,282
• Pending Sales increased 19.4% to 1,027
• Inventory decreased 29.9% to 16,785

For the month of July:
• Median Sales Price increased 13.3% to $178,500
• Days on Market decreased 27.8% to 105
• Percent of Original List Price Received increased 3.6% to 95.0%
• Months Supply of Inventory decreased 42.1% to 4.4

As reported by the Minneapolis Area Association of Realtors

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Weekly Photo Challenge: Urban

A rental building in Minneapolis and the patio created by the artist tenant

A creative environmental message in Saint Paul, MN

A torn lace curtain in a window of a home in St. Paul, Minnesota

Learn about the WordPress Weekly Photo Challenge here.

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Real Estate Update

Weekly Real Estate Update
August 21, 2012


Do you hear that? It’s the sound of carts shifting through the back-to-school aisles, filling quickly with notebooks and pencils and glue. It’s the sound of teenagers shuffling through dorms and down storied lanes on their first college orientation. It’s the sound of young professionals readying themselves for their first big job, freshly tailored. It’s the sound of a family preparing for the leap from the overcrowded apartment to the “starter” home that will see their first child into high school. There’s a lot of activity taking place as we move towards the fall season. The housing market continues to be active as well.

In the Twin Cities region, for the week ending August 11:
• New Listings increased 2.0% to 1,387
• Pending Sales increased 31.2% to 1,149
• Inventory decreased 29.6% to 16,982

For the month of July:
• Median Sales Price increased 13.7% to $179,000
• Days on Market decreased 27.8% to 106
• Percent of Original List Price Received increased 3.6% to 95.0%
• Months Supply of Inventory decreased 42.8% to 4.3

Statistics provided by the Minneapolis Area Association of Realtors

For additional market information, contact us:

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

Coldwell Banker Burnet
Minneapolis Lakes Office–On the shore of Lake Calhoun
Minneapolis MN 55416

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Weekly Photo Challenge: Merge

What do you think of when you contemplate the word merge?

A piece of art becomes a moon on Nicollet Island

A view of the Minneapolis skyline through bridge supports

Merging nature with a man-made structure

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I Hope It Doesn’t Fall Down

Weekly Photo Challenge: Wrong

This week’s photo challenge is to depict something wrong. As in, there’s something wrong here. Here is a photo of a house I came across while out and about one day. It’s a stately home that has seen better days. I’ve been by it before, a few years ago, and it doesn’t appear to be getting much maintenance on the outside. This area definitely needs repair: this is serious wood rot.

Here’s another photo showing more of the front exterior and the way these pillars hold up the roof of the front porch and the third floor space. What keeps these homeowners from repairing their home? Is it financial issues? Is it lack of interest? Do they feel overwhelmed with the rest of their lives? I hope they can have it fixed before it comes crashing down.

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Real Estate Update

Weekly Real Estate Update
August 14, 2012

Let’s admit it: It’s been nice to have a year of positive headlines in the residential real estate industry. There have been more sales for more money in most markets across the country, and the foreclosure situation, although not entirely in the rearview mirror, has abated. We’re now entering the months of 2012 that should offer a true test of the lasting power of this buyer-seller tryst. A drop off in buyer and seller activity might be expected after so many months of bliss, but the feeling remains that the market will survive beyond the honeymoon phase.

In the Twin Cities region, for the week ending August 4:

• New Listings decreased 0.1% to 1,433
• Pending Sales increased 20.4% to 1,129
• Inventory decreased 29.6% to 17,085

For the month of July:

• Median Sales Price increased 14.2% to $179,900
• Days on Market decreased 27.8% to 105
• Percent of Original List Price Received increased 3.6% to 95.0%
• Months Supply of Inventory decreased 43.4% to 4.3

As reported by the Minneapolis Area Association of Realtors

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