Real Estate Update

Weekly Real Estate Update
August 6, 2012


For decades now, the real estate industry has been both humbled and invigorated by the strong and direct relationship between the labor and housing markets. As goes the economy, seemingly so goes housing. That relationship was especially clear after the 2007 recession. The economy added 163,000 jobs in July, the highest figure since February. Our economy is growing, but not as quickly as many would like. Meanwhile, inventory drops and surging buyer demand from renters and first-timers are anchoring home prices and giving sellers more power than they’ve had in years, in many cases.

In the Twin Cities region, for the week ending July 28:
• New Listings increased 8.3% to 1,430
• Pending Sales increased 20.9% to 1,149
• Inventory decreased 30.5% to 17,103

For the month of June:
• Median Sales Price increased 10.2% to $178,600
• Days on Market decreased 22.0% to 113
• Percent of Original List Price Received increased 4.1% to 95.1%
• Months Supply of Inventory decreased 42.6% to 4.6

Click on any graph below to enlarge it.

As reported by the Minneapolis Area Association of Realtors.

For additional information on the market
or buying and selling a home, contact us.
We’re friendly, fun and professional real estate agents!

Ellen Walsh
emwalsh@cbburnet.com
612.220.3304

Kate Walsh
info@designhouse9.com
612.220.3309

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Weekly Photo Challenge: Together – At Lake of the Isles

This week’s challenge is the theme “Together”.  Here are a few shots I took earlier today while out seeing homes on the Minneapolis and Saint Paul Home Tour.

It was overcast when I walked by these two bikes in East Isles. I applied a couple of Photoshop filters to this one to create an art look.

Trees along the lake were blossoming and in the pink!

A father and daughter were playing in a tree, more or less unseen but heard. They said yes to having their picture taken and gave thumbs up about their experience in the tree.

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Weekly Photo Challenge: Sun

April 21, 2012
A Different View of a Sunset

The docks at White Bear Lake at sunset.

Sometimes the best view of a sunset is where the sun is striking an object or objects. One recent evening I found the setting sun lighting up these docks on White Bear Lake. The silver and gray docks against the blue water created an eye-catching contrast. The wind was fierce and I wasn’t sure I’d be able to keep my small camera steady enough for the shot. Fortunately, I was able to snap a couple of photos that captured the silvery light reflecting off the docks.

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I was browsing through some photos in the archives last night and came upon this one. I thought it fit this challenge quite well.

April 26, 2012

It’s a full sun afternoon and I have time for fun. I went out with my camera because this is what all passionate photographers do. Here are more “sun” captures. Let me know if you have a favorite. You might need  your sunglasses for this first one.

Blinding Sun

Natural and Artificial Light

Sunlit Tree Trunk

Sun Shining Through

Sun Growth

Sign and Shadow

A Tree and I Keeping Company

Me-1 | Self Portrait

Me-2 | Self Portrait

Thanks for stopping by. I had a fabulously fun time playing in the sun with my camera.

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Adding Artistic Color to a Room

Pillows That Double as Art

The other day I wrote a post about getting inspired and adding color to your home. One way to do this is to add colorful pillows. Here are some that are not only colorful, but artistic.

Some of these pillows can be found at Three Rooms at the Galleria in Edina, Minnesota. Here’s information on the shop Three Rooms:

“A gallery devoted to the ingenuity of American artists and craftsmen, Three Rooms, with its 38-year history, is an art institution in the Twin Cities where you’ll find fine art, unique lighting, furniture, decorative accessories and hand-crafted jewelry.”

Three Rooms is one of my favorite shops in the Twin Cities. It appeals to the artist in me. Here is a link to the hours and directions to Galleria.

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Would You Live in a Pink House?

The Pink Victorian

I always seem to notice pink homes. Perhaps it’s because they are rare. What sort of person lives in a pink house? Creative? Confident? Artistic? Fun? Bold? Gentle? Caring? Content? Blissful? Loving? Sweet?


What if I wrote those same adjectives in another way:

Creative.
Confident.
Artistic.
Fun.
Bold.
Gentle.
Caring.
Content.
Blissful.
Loving.
Sweet.


If a home is going to be pink, it needs to be the right shade and hue of pink. This Victorian wears its pink well. Some homes will wear pink better than others. Victorians, yes. Cottages, yes. These styles generally have some architectural detailing that works well with pink. Your basic 1950’s rambler? Probably not so much.

Locale makes a difference. Southern states may have more of these pink homes than northern states. This home is here in the northern state of Minnesota. I get the sense winter wouldn’t be quite so dreary coming home to a pink house.


Landscaping can make a difference as well. Note the variety of landscaping here that softens the overall ambiance.



Would you live in a pink house?

I would.

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Cool Fun in the Fountain

Photo of the Day
August 3, 2011

Can you guess where this photo was taken?
Hint: It’s not in Minneapolis or Saint Paul.

Use the “Leave a Comment” link below to share your answer.
Have you been here?

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Twin Cities Summer Fireworks

ooh! aah! ooh!

Fireworks at the celebration of the United Sta...
Image via Wikipedia

It’s the 4th of July weekend.
Here’s a guide to fireworks across the Twin Cities
this weekend and throughout the summer.

Summer Fireworks Guide

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Happy 4th of July!

Scenes from Weko Beach, Bridgman, Michigan.

I was fortunate to spend summers in this idyllic part of Southwest Michigan as a child. I recently spent a week here and still love the woods and beaches that make this place so special.

This water tower was a big, brownish blemish on the beachfront when I was a child. The artwork covering it now is far more charming. The artwork is weathered from its exposure to the elements but this quality only enhances it in my eyes. It gives it a natural look and feel that fits in with the surroundings. It’s definitely an improvement from its former bland and unappealing visual state.

Many people will be heading to cabins, lakes, campgrounds, and parks this weekend. Enjoy the respite that nature provides so brilliantly.  And may you find your own bit of charm this holiday weekend.

The History of Bridgman, Michigan

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