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Posts Tagged ‘CBBurnet’

May 2012

We’re nearly through the spring market, did you blink and miss it? Important changes have taken place, the sort of changes that will set the scene for the coming months and years. For the 12-month period spanning June 2011 through May 2012, Pending Sales in the Twin Cities region were up 26.7 percent overall. The price range with the largest gain in sales was the $120,000 and Below range, where they increased 33.8 percent.

The overall Median Sales Price was down 3.8 percent to $154,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.4 percent to $170,000. The price range that tended to sell the quickest was the $190,001 to $250,000 range at 131 days; the price range that tended to sell the slowest was the $1,000,001 and Above range at 277 days.

Market-wide, inventory levels were down 31.1 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 27.5 percent. That amounts to 4.6 months supply for Single-Family Detached homes and 5.4 months supply for Condos.

Click on the graph/image below to enlarge.

For additional market statistics, or to discuss buying or selling real estate, contact us. We’d love to be of service and help you reach your goals.

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Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

Coldwell Banker Burnet
Minneapolis Lakes Office

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Weekly Real Estate Update
June 4, 2012


Although the latest jobs report was less than exciting for those waiting for economic recovery to cast a warming glow all across the land, the residential real estate market continued to jog along at a nice pace, as though earbuds were drowning out the din of negative energies trying to dissuade healthy activity. For the most recent week, buyer activity was higher than year-ago levels while listing activity registered lower. Keep watching inventory and sales activity throughout the summer to see if this runner’s high will continue into fall.

In the Twin Cities region, for the week ending May 26:
• New Listings decreased 8.5% to 1,387
• Pending Sales increased 19.2% to 1,231
• Inventory decreased 29.8% to 17,740

For the month of April:
• Median Sales Price increased 12.1% to $162,500
• Days on Market decreased 15.2% to 135
• Percent of Original List Price Received increased 3.7% to 93.4%
• Months Supply of Inventory decreased 41.7% to 4.8

As reported by the Minneapolis Area Association of Realtors.

Click on graph to view larger

Click on graph to view larger

Click on graph to view larger

For additional information on the market and for assistance buying and selling a home, contact us:

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

Coldwell Banker Burnet
Minneapolis Lakes Office

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Tiled All the Way to the Top

Every now and then I come across a  bathroom that features tile across the ceiling as well as the walls. Here’s one example. The light shining across the tile on the three surfaces creates an inviting space here. Do you like it?

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Weekly Real Estate Update
May 29, 2012


The tempo in residential housing has remained upbeat through the first five months of 2012. Year-to-date figures begin to sing a compelling tune at this time of year, and the song thus far is that markets are moving back toward balance and home prices are beginning to reflect that stabilization. For the most recent week, buyer activity was higher than year-ago levels while listing activity registered lower. Keep an eye on months supply, seller concessions, market times and foreclosure rates. Multiple offers are back and tentative owners looking to move should take note. It’s okay to sing in public again.

In the Twin Cities region, for the week ending May 19:
• New Listings decreased 9.6% to 1,533
• Pending Sales increased 18.6% to 1,116
• Inventory decreased 29.4% to 17,648

For the month of April:
• Median Sales Price increased 12.1% to $162,500
• Days on Market decreased 15.2% to 135
• Percent of Original List Price Received increased 3.6% to 93.4%
• Months Supply of Inventory decreased 42.0% to 4.8

Click on graph to view larger image

Click on graph to view larger image

Click on graph to view larger image

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As reported by the Minneapolis Area Association of Realtors.

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Weekly Photo Challenge: Blue

This week’s photo challenge on the The Daily Post is ‘Blue’. So many images come to mind with this word. The sky. Water. Cobalt blue glass. Pottery. Coldwell Banker Burnet real estate signs. The blue jay. Blueberries. Hydrangeas. Where to begin? Let‘s start here:

This, to me, is quintessential blue; the beloved blue jean.

A magazine cover depicting water and the word blue.

Lake Calhoun and the Minneapolis Skyline

A starlit background with a message.

Ready to buy or sell a home? Call us.

Ellen Walsh | 612.220.3304 | emwalsh@cbburnet.com

Kate Walsh | 612.220.3309 | info@designhouse9.com

 

Coldwell Banker Burnet
Minneapolis Lakes Office

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There are plenty of good tips in this article from The Associated Press. If you want tips specific to your home and getting it ready for selling, give us a call. Our background in antiques and interior design has paid off for our sellers with faster than average sale times.

Low-Cost Things
Homeowners Can Do to Spruce Up Property

When times are tough, women who can’t afford a new dress often purchase a new accessory or lipstick to recharge their wardrobes. Known as the “lipstick effect,” the tendency applies to homeowners too.

Barry Culkin, CEO of Questech Corp., a tile manufacturer in Rutland, Vt., noticed sales of his $5 cast stone and marble switch plate covers rose whenever the economy faltered. Last year, sales of their covers at major retailers were up 15 to 20 percent.

As homeowners rein in spending, more opt for small indulgences and postpone major renovations. Whether the goal is a new look for a worn kitchen or simply an injection of color in a room, here’s a list of some of the best ways to give a space a quick uplift. Many cost much less than a designer lipstick and a few don’t require any financial outlay.

“I am seeing quite a bit of Yankee ingenuity in my customers. They are getting pretty smart about using and repurposing items to add some zip to their living spaces,” says Shirley Walsh, owner of Kalembar Dune, a vintage home decor shop in Boston.

Simply moving furniture and accessories around and borrowing from other areas of the home can give a room a whole new look. If you want to splurge, consider hiring a designer who specializes in redesign.

The instant gratification of having it all accomplished in a day is hard to resist but “it’s also low stress because it uses familiar furnishings,” observes Pam Faulkner, owner of Faulkner House Redesign in Oak Hill, Va. The cost to have Faulkner make over a room ranges from $400 and $700 depending on the space.

A little elbow grease also can go a long way. Sparkling windows bring in light and make the entire house shine. Often, all carpets and rugs need is a thorough cleaning and they will feel almost new. The same holds true for wood floors and trim.

Nothing is a better quick-change artist than paint. But you don’t have to go all out. Rather than entire room, paint an accent wall, trim or piece of furniture. “Never underestimate the power of paint and pillows, always the best lipstick for your home in any shade,” advises Marcia Richards, a Phoenix, Ariz., interior designer.

Give a living room or bedroom a facelift by shifting the color scheme. Pillows add instant color, but to complete the look, mix in color keyed accessories, such as a throw and new lamp or lampshade. If your budget allows, go a step further and add a rug and/or slipcovers.

Orders for fabric by the yard are up, says David Petersen owner of Maine Cottage Furniture in Yarmouth, Maine. He notes that more consumers are re-covering rather than replacing worn furnishings.

Small luxuries can have a big impact on our moods and our homes. Flowers and new plants inject new life and color to any space. Try replacing regular light bulbs with full spectrum bulbs which are more like sunlight.

Sometimes all it takes to spark up an entire room is a unique accessory or piece of individual art.

New hardware is traditionally a quick fix for dated kitchen cabinets. But elsewhere, exchanging old doorknobs for polished bronze or nickel can give an entire house an up-to-date look. Using levered handles also increases a home’s universal design quotient.

And maybe you can’t afford to change the tub or the tiles, but a dated bath can get a quick uplift simply by altering a few elements. Instead of remodeling, Michelle Samuels spent about $150 to give a bath in her Mill Valley, Calif., home an update. She replaced her antique gold towel racks and faucets with updated brushed silver versions. She painted the frame around the mirror a soft silver with craft paint and completed the effect with new door handles.

Removing old fluorescent lights and replacing them with pendants or a more contemporary fixture also has a big impact.

Don’t wait until you can renovate to give your kitchen a new look. Sometimes changing only one facet can refocus the entire space. New hardware and light fixtures are quick and inexpensive. Don’t forget refacing or painting cabinets if new is beyond your budget. If the countertops are in good shape, consider tiling the backsplash. Reorganize cabinets so the space works better. Add new accessories or update countertop appliances so they coordinate.

Increasing curb appeal is traditional advice for anyone selling their home. But nothing is more akin to applying lipstick than revamping the entry. Replace a worn front door if the budget permits. Otherwise give the old door a new look with paint. Seasonal plants, new house numbers, a new doormat and trimmed walkway will make you feel like you are coming to a new house.

Shop thrift and consignment stores for some unique finds; then polish and paint. Also think about creating your own artwork in colors that will make a room pop. You will save a bundle and possibly discover an inner artist you didn’t know existed.

© 2010 Camilla McLaughlin, Associated Press

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Ellen Walsh | 612.220.3304 | emwalsh@cbburnet.com

Kate Walsh | 612.220.3309 | info@designhouse9.com

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Real Estate for Sale
Mac-Groveland Neighborhood of Saint Paul, MN

Sunny Spaces Inside
Beautiful Gardens Outside
List price: $144,900
Sale price: $139,300

This property is sold and no longer available for showings.

Detailed wrought iron fencing provides picturesque structure to yard.

Living room with wood floor and crown molding.

Sun room with windows on three sides. Use as an office, guest bedroom, or den.

Formal dining room with two windows, wood floor, and crown molding.

Kitchen has granite counter tops and checkerboard flooring.

Exposed brick in one corner of the kitchen.

Informal dining space in the kitchen. Note the two windows!

Large bedroom accommodates an upholstered chair. Note the three windows.

Very nice walk-in closet with organizers in main bedroom!

Stained and leaded-glass architectural detailing in bath.

Upper level space is currently used as an art studio.

The front yard has perennials and raised beds for annuals.

Close to the river and the walking/biking paths!

Map of area–click to enlarge

This one-bedroom plus den home is a “not so big house” in terms of size but has plenty of style and charm! It’s located just a block from Grand Avenue and is within close proximity to three private colleges/universities. Other features include a screened porch, main floor laundry, a single garage, and central air conditioning.

Walk Score = 85 / Very Walkable

Read about the Macalester-Groveland neighborhood.

For additional information and to arrange a showing, call, text or email:

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

Coldwell Banker Burnet
Minneapolis MN 55416

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