Real Estate Update

Weekly Real Estate Update
October 23, 2012

Housing pessimism is as out of fashion nowadays as bell bottoms and shoulder pads. Those who are still fishing for that elusive “market bottom” have likely missed it in most areas. The major story continues to be tightened inventory and high buyer turnout. Homes should be selling faster and for closer to list price – or even above in the hottest neighborhoods. Continue to monitor key differences between the foreclosure and traditional segments as well as variability between the single-family and condo markets.

In the Twin Cities region, for the week ending October 13:
• New Listings increased 7.3% to 1,252
• Pending Sales increased 26.7% to 954
• Inventory decreased 28.8% to 16,017

For the month of September:
• Median Sales Price increased 12.6% to $174,500
• Days on Market decreased 28.4% to 101
• Percent of Original List Price Received increased 4.0% to 94.8%
• Months Supply of Inventory decreased 39.6% 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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Housing Supply Overview

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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Real Estate Update

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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Real Estate Update

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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Real Estate Update

Weekly Real Estate Update
April 2, 2012

The last time you were at the doctor, your vital signs were checked – heart rate, pulse, temperature and blood pressure. Progress was documented and valuable insights were gained, whether it was a routine visit or one of many checks during an extended hospital stay. The housing market has been in and out of intensive care for the past several years. Monitoring vitals matters. The pulse of today’s market indicates that we may be getting ready to leave the ICU. So if you could just please pull up your sleeve, let’s check your blood pressure.

In the Twin Cities region, for the week ending March 24:
• New Listings increased 2.2% to 1,414
• Pending Sales increased 30.2% to 1,052
• Inventory decreased 27.3% to 17,193

For the month of February:
• Median Sales Price decreased 1.4% to $138,000
• Days on Market decreased 9.0% to 145
• Percent of Original List Price Received increased 2.5% to 90.6%
• Months Supply of Inventory decreased 34.8% to 4.7

As reported by the Minneapolis Area Association of Realtors.

Click on chart to view larger size.

Click on chart to view larger size.

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For more information on the market and your real estate needs,
contact the Real Estate team of Kate and Ellen Walsh.

Ellen Walsh
emwalsh@cbburnet.com
612.220.3304

Kate Walsh
info@designhouse9.com
612.220.3309

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Charming Cottage – 1964 Lincoln Ave

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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For Sale: Mac-Groveland Cottage

Upcoming Listing!
$144,900

This property is now pending and is no longer available for showings.

This charming cottage is coming on the market later this week. The home is set back from the street for greater privacy. The front and side yards have beautiful perennial  gardens and raised beds for annuals and herbs. This home is within walking distance to the river, Grand Avenue shops and restaurants, Macalester College, and the University of St. Thomas.

One Bedroom +  Sun Room, Office or 2nd Bedroom
Living Room
Formal Dining Room
Eat-in Kitchen
Upper Level Loft/Studio
Screened Porch
Hardwood Floors
Garage
Central Air

Walk Score = 85 / Very Walkable

Read about the Macalester-Groveland neighborhood.

Call or email us if you’d like more information. A more complete post, with additional photos, will be posted here later this week.

Ellen Walsh
emwalsh@cbburnet.com
612.220.3304

Kate Walsh
info@designhouse9.com
612.220.3309

Coldwell Banker Burnet

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Lakefront Estate in Minnetonka

Elegant Home on Over 4.5 Acres

French-inspired architecture abounds in this seven-bedroom, four-bath beauty overlooking Gleason Lake. This home has spacious rooms with fine detailing and three finished levels. Both the living room and library feature bowed-window walls with views of the lake and grounds. A French door in the library opens out to an elevated garden space with reflecting pool. Finishes include plaster walls, and hardwood, marble, and terrazzo floors. Wayzata school district. Located just minutes from downtown Wayzata.

$1,499,000

Library with Bowed Window and French Door to Garden and Reflecting Pool

Generously Sized Upper Hallway

This bedroom has a Jack and Jill bath.

Master Bedroom with Bath to left and Window Seat to right.

Example of Detailing in Master Bedroom

Dressing Area with Closets and Built-Ins

Elevated Garden Area with Reflecting Pool

Gleason Lake

Update: Nov. 16, 2011: This home is currently off the market.

Call or email for a private showing.

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

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Courtesy: Roger Fazendin Realtors, Inc

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Coldwell Banker Burnet are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the name(s) of the listing brokers. Coldwell Banker Burnet is not a Multiple Listing Service (MLS), nor does it offer MLS access.

All information deemed reliable but not guaranteed.
All properties are subject to prior sale, change or withdrawal.
Neither broker(s), agent(s) nor designhouse9.com shall be responsible for any typographical errors, misinformation or misprints, and shall be held totally harmless.

Featured Listing: 7941 Colorado Ave N

The Home You’ve Been Waiting For!

This listing is sold and is no longer available for showings.

Wonderfully updated three bedroom, two bath home on beautiful lot!
List price: $149,000
Sale price: $145,000

Sold in just 17 days!

Sun-filled living/family room with fireplace, built-in cabinetry and door to deck.

Living/family room with view to dining room.

Formal dining room with doors to close off living/family room.

Remodeled kitchen with cherry cabinets, Corian®, and granite!

Two-tiered island with seating. Note TV cubby and convenient garage access.

Beautifully remodeled baths on main and lower level.

Bright bedroom with large closet and a view of the backyard.

Large deck and yard.

Wonderfully maintained inside and outside!

Covered entry and two-car attached garage.

This home features over $65,000 in improvements including newer kitchen, renovated baths, newer windows, roof, and more! Sun-filled, turnkey spaces are ready to move into. Beautifully landscaped yard with privacy fencing and a large deck is perfect for summer relaxing and entertaining! The main floor features three bedrooms and a full bath. The lower level has a family room, bath, workshop area, and potential future office or bedroom. Improvements include:

2010 Remodeled main level bath
2008 New windows (except living room which were not needed)
2007 New 30-year roof
2006 New water heater
2006 New maintenance free garden shed for backyard
2005 Landscaped yard, installed sod, and improved grade from house to yard.
2005 New water softener
2003 New maintenance free deck
2002 Remodeled lower level bath, replaced plumbing, fixtures, vanity and walls.
2002 New kitchen appliances, range, refrigerator and microwave.
2002 Remodeled kitchen to add cherry cabinets with roll-out shelving, granite and Corian® countertops, Corian® inset sink, and a 2-level island with bar for seating for three.
2000 New air conditioning system
1999 Buried electric/cable lines in backyard to house.
1998 New washer and gas dryer
1995 New dishwasher
1995 New furnace with humidifier

7941 Colorado Ave N, Brooklyn Park, MN
All photos by Kate Walsh

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Thinking of selling? Let the sister team of Ellen and Kate Walsh
show you a personalized marketing plan to sell your home!

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For more information about Colorado Ave or selling your home, please contact us:

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com
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..Minneapolis Lakes Office

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