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Posts Tagged ‘buying’

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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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 Homes. Real People. Real Ideas.
April 28–29, 2012

This weekend offers an opportunity to take a FREE, self-guided tour of 60 Twin Cities remodeled and/or reinvented homes. See homes projects that were both “on-a-budget” and “blow out”. You can tour examples of remodeled kitchens and baths, room additions, and whole house renovations.

These projects are unique in that they cover a wide range of housing eras. The home tour is also unique in that homeowners, contractors and/or architects are available to discuss the projects with visitors. This is a wonderful way to learn about remodeling, meet contractors and architects, and discover different neighborhoods.

This is the twenty-fifth year of the Minneapolis and Saint Paul Home Tour. It all began when some Minneapolis real estate agents and city officials were concerned about suburban flight. They took it upon themselves to promote city living and the home tour was born.

Homes will be open to visitors:

  • Saturday, April 28, 2012 from 10:00 a.m. to 5:00 p.m.
  • Sunday, April 29, 2012 from 1:00 p.m. to 5:00 p.m.

The home tour will take place regardless of weather conditions.

Minneapolis–Saint Paul Home Tour Preview – a video showcasing information and home tour highlights.

Minneapolis Home Tour Map

Saint Paul Home Tour Map

msphometour.com – the Minneapolis and Saint Paul Home Tour website.

Visit HistoricSaintPaul.org for information on: “Historic Homes for Everyday Families” workshop, why preservationists will enjoy the Minneapolis and Saint Paul Home Tour, walking tours of “Storybook” houses with architect Bob Roscoe, and more.

Thinking of buying or selling real estate? Call Kate and Ellen Walsh and we’ll help you make all the right moves.

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

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