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Posts Tagged ‘Coldwell Banker’

Weekly Real Estate Update
October 9, 2012

Some say that housing and the economy are woven together into a single garment of destiny. Let’s review recent national economic data: a good September non-farm payroll report marking 31 consecutive months of private job growth, the unemployment rate falling to 7.8 percent (a 44-month low), a widely positive S&P/Case-Shiller home price report, and mortgage rates averaging close to 3.4 percent. When you combine the above trends with less housing supply and strong home sales numbers, you can start to see just what’s driving this recovery. Here’s what transpired locally.

In the Twin Cities region, for the week ending September 29:
• New Listings increased 6.2% to 1,314
• Pending Sales increased 15.5% to 1,000
• Inventory decreased 29.6% to 16,261

For the month of September:
• Median Sales Price increased 12.3% to $174,000
• Days on Market decreased 28.7% to 101
• Percent of Original List Price Received increased 4.1% to 94.8%
• Months Supply of Inventory decreased 40.9% to 4.0

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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Monthly Skinny Video
June 2012

Thinking of buying or selling a home? Give us a call.
We’ll help you move forward!

Interest rates as of today are trending at under 3% for a 15-year loan, under 3.5% for a 30-year loan, and under 4% for a Jumbo loan. It’s a great time to buy!

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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Weekly Real Estate Update
May 7, 2012

For Week Ending April 28, 2012
All comparisons are to 2011

Buyers don’t live in a spreadsheet. When buyers find a home they love, they are drawn to it like moths to light; they find themselves unable to ignore the emotional significance of the home by an excessively intellectual explanation.

There are generally fewer homes on the market, they’re selling more quickly, and the down trend in prices in most areas is evaporating. Dwindling inventories means there’s less competition and more pricing power for sellers, who are finally starting to be rewarded by strong buyer activity. Interest rates at 50-year lows doesn’t hurt either. Love is in the air and all around the housing market.

In the Twin Cities region, for the week ending April 28:
• New Listings decreased 14.9% to 1,475
• Pending Sales increased 21.4% to 1,187
• Inventory decreased 28.0% to 17,603

For the month of March:
• Median Sales Price increased 7.1% to $149,900
• Days on Market decreased 9.7% to 144
• Percent of Original List Price Received increased 3.8% to 92.1%
• Months Supply of Inventory decreased 37.2% to 4.8

As reported by the Minneapolis Area Association of Realtors.

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