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Weekly Real Estate Update
January 27, 2014

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Some say the big story of 2014 will be higher interest rates, some say it will be more inventory while others say it will be less foreclosure activity. The truth is likely to be an amalgamation of all of the above. The year 2013 was marked by variable but steady job growth, a good leading indicator of market activity. While consumers may be uneasy about higher rates, economic improvements can potentially offset any negative impact on affordability. The seasoned agent will recall a time when plenty of consumers were vying for properties when rates were double and triple what they are now.

In the Twin Cities region, for the week ending January 18:

• New Listings decreased 8.3% to 989
• Pending Sales decreased 24.8% to 591
• Inventory decreased 9.5% to 11,918

For the month of December:

• Median Sales Price increased 13.1% to $190,050

• Days on Market decreased 20.4% to 86
• Percent of Original List Price Received increased 1.0% to 94.7%
• Months Supply of Inventory decreased 15.6% to 2.7
As reported by the Minneapolis Area Association of Realtors

Interested in buying or selling real estate?

Contact the Walsh Sisters. We’d love to help you make your next move.

Ellen and Kate Walsh
612-220-3304
emwalsh@cbburnet.com

Coldwell Banker Burnet

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Considering downsizing? Call us. We’d love to help you make your next move.

Ellen and Kate Walsh
612.220.3304
Coldwell Banker Burnet

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I love this version of holiday decorating. It’s simple yet sparkly!

There’s a bit of organic whimsy here that I find especially appealing. I’ve decided to sell my fake tree and get a branch from nature. How are you decorating your home?

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Magnolia Cottage

I saw this sign on the front of a house during one of my travels. It was a charming house. A white brick exterior with black wood shutters, window boxes and front door. The shutters featured a black iron curlicue along the bottom, detailing that stood out against the white background.

Magnolia Cottage Window

A white picket fence wrapped around the house, and the gate opened onto a gently curving flagstone walking path that led to the front door.  A mix of green shrubbery sat along the foundation of the house. Everything was neat and tidy and appealing.

Magnolia Cottage Ext

Many of the homes on Captiva Island have names. I always take pleasure in reading what people have chosen to name their homes. Unfortunately, you rarely see a lot of the homes on Captiva due to the long driveways and tremendous tropical growth. The homes are well hidden from the road.

The signs are all on the road. Each one is individually created. I often wonder what the homes are like, and what the owners are like. Does the sign personality mirror the house and occupants?  Does the name say something about one occupant and the artwork about another? Who came up with the name? Do owners who buy these named homes keep the names or create a new one or pull the sign up out of the ground and go without? One thing I know. Of the homes that had been named and could be seen, all were well-kept and maintained. It makes me think there is something in a name: a sense of pride, a little more love, an embracing of home as part of the family.

Have you named your home? I’d love to hear the name and what it means to you. In the meantime, I’m going to think about a name for my own home. Stay tuned.

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Here’s a beautiful room that reminds me of summer. I love the dark wood floors, the white walls and furniture, the wood accents (coffee table and chair arms), the fireplace, and the wall of windows. This is a great example of bringing nature inside your home. Isn’t it inviting? The pet dog seems happy enough.

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Weekly Real Estate Update
February 25, 2013

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Here’s an oldie but goodie: All Real Estate is Local. We’ve all heard it. This is why industry insiders don’t pay much attention to national housing statistics. The national housing market is just an agglomeration of local housing markets. You don’t grab an umbrella in Miami based on the weather forecast in Seattle. So why would someone in San Francisco base a home sale or purchase decision on market data from Boston? Here’s your data for your local housing market.

In the Twin Cities region, for the week ending February 16:

• New Listings decreased 4.9% to 1,196
• Pending Sales increased 7.9% to 916
• Inventory decreased 31.0% to 12,309

For the month of January:

• Median Sales Price increased 14.3% to $160,000
• Days on Market decreased 24.1% to 107
• Percent of Original List Price Received increased 2.5% to 93.5%
• Months Supply of Inventory decreased 40.0% to 3.0

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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Painting the front door of your home a different color than the rest of your home makes a statement and draws attention to your entry. Here’s a Cape Cod style home in Minnetonka.

I’ve tweaked the front door with Photoshop to show the difference with a door painted another color. An actual paint job would retain the depth of the panels on the door. See how the eye is drawn to the front door?

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