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Posts Tagged ‘homes’

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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Weekly Real Estate Update
May 14, 2012

If only there were a system of grand, colorful lights for tracking residential real estate. Green for rising market, yellow for a transitional market and red for declining market. Let’s see if we can try to determine today’s market without the ease of well-known signals. Prices are bottoming and starting to rise. Buyer activity is showing year-over-year gains. Homes are selling faster and closer to list price. Multiple offers are becoming commonplace. Inventory levels are leaning toward the seller. Green means go.

In the Twin Cities region, for the week ending May 5:

• New Listings decreased 6.6% to 1,643
• Pending Sales increased 41.9% to 1,232
• Inventory decreased 28.3% to 17,579

For the month of April:

• Median Sales Price increased 12.1% to $162,500
• Days on Market decreased 15.1% to 135
• Percent of Original List Price Received increased 3.6% to 93.4%
• Months Supply of Inventory decreased 43.1% to 4.7

As reported by the Minneapolis Area Association of Realtors.

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Weekly Real Estate Update
March 12, 2012


The last six years or so have been tough on home prices, and even the most optimistic prognosticators say it will take another six years for median sales prices to approach the halcyon days of assured annual value increases for home sellers. Generations of stable home price increases gave way to a boom-and-bust cycle that would have made the Pets.com sock puppet blush. As we enter what should be an active spring market, our communities would do well to focus effort toward creating healthy, happy homes. With those in place, prices will rise again.

In the Twin Cities region, for the week ending March 3:
• New Listings decreased 23.2% to 1,402
• Pending Sales increased 29.7% to 940
• Inventory decreased 22.9% to 17,818

For the month of February:
• Median Sales Price decreased 1.1% to $138,500
• Days on Market decreased 9.0% to 145
• Percent of Original List Price Received increased 2.6% to 90.6%
• Months Supply of Inventory decreased 36.5% to 4.6

As reported by the Minneapolis Area Association of Realtors.

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A Feng Shui Perspective

A friend recently sent me a post about Whitney Houston’s home in New Jersey being for sale. I looked at the photos and had my usual REALTOR® curiosity about the house. I loved this stained-glass wall that appears to separate the foyer from the living room. The color and “movement” of the design reminds me of music–quite appropriate for the amazing musical talent that Whitney was.

Here’s a photo of what appears to be the living room, complete with circular skylight (wow!) and a curving wall of windows. Note also the clerestory to the right along the upper wall. The natural light in this space must be splendid.

The property reportedly has just over five acres of land. Here’s a view of the grounds. There are many trees, offering both beauty and tranquility. No doubt Whitney enjoyed many wonderful moments at this home and in her life despite her struggles.

Her modern home is said to be quite different from the other homes in Mendham Township. Most of the homes there are reportedly classic estates, historical homes, and farmhouses. As a REALTOR®,  I’ve seen modern homes sell very quickly when they are done exceptionally well or designed by a well-known architect such as Ralph Rapson. If they aren’t stunning, they can linger on the market due to feeling cold, having odd floor plans, having awkward and/or poorly proportioned rooms, etc.

I located some aerial photos of the property. There is a large pool, a tennis court, and a walking path. Here’s a link to a photo of the pool with her initials set in the bottom:

Photo of Whitney Houston’s Pool at her New Jersey estate

Unfortunately, the design has a helter-skelter aspect; It does not have the natural flow and orderliness of a rectangular or square house that would be beneficial. From a Feng Shui perspective, this home has a number of challenges due to what is known as “missing areas”. These “missing areas” symbolize missing areas of the bagua (a map placed over a floor plan and used in Feng Shui consultations), thus weakening these areas of life for the occupants. Anyone living in this home would benefit from making Feng Shui adjustments to either energetically or physically “fill in” the missing pieces.

The layout of this house may well explain Whitney’s addiction issues and subsequent problems with finances, relationships, and the decline of her magnificent singing voice which could no longer produce the perfect pitch and beautiful tonality it once did.

As I continued looking at the home from various angles, I noticed the heart-shaped portion of the house. It would be interesting to know what part of the house this occupies. The kitchen (often referred to as the heart of the home)? The main bedroom? No matter. From all I’ve read and seen, Whitney had a heart as big as her voice.

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This home is not currently listed on the MLS. Find more information here:

CarProperty.com

Here’s an article about a homeowner who hired Ralph Rapson to renovate her home in the Rolling Green neighborhood of Edina, Minnesota:

One Rapson Rhapsody

RapsonArchitects.com

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Weekly Real Estate Update
February 6, 2012


Whether motivated by the election cycle, a jump in employment, improving housing market metrics or the best start to a year for the S&P 500 since 1989, home buyers posted increased activity levels compared to last year. Consumers signed more purchase agreements but sellers entered into fewer listing contracts. Changes in supply side metrics confirm this, suggesting that relatively less new product is entering the market compared to buyer demand. That’s helped other metrics return to more friendly territory. Whatever the reason, it’s good to see that vote of confidence.

In the Twin Cities region, for the week ending January 28:

• New Listings decreased 17.5% to 1,090
• Pending Sales increased 22.9% to 833
• Inventory decreased 23.5% to 17,762

For the month of December:

• Median Sales Price decreased 6.5% to $145,000
• Days on Market decreased 2.3% to 141
• Percent of Original List Price Received increased 1.7% to 90.6%
• Months Supply of Inventory decreased 33.3% to 4.8

As reported by the Minneapolis Area Association of Realtors.

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Photo of the Day
January 12, 2012

As a Realtor, I am always looking at homes as I walk and drive and bike around town. I usually look beyond the basic facade. What else is there to see? What details does the home have? What is the landscaping like? What colors have been utilized? Is the front yard gated off or open to the street?

The foliage here created a window to the side yard. And here was the view.

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Minneapolis and Saint Paul Real Estate Update
November 28, 2011


Buyers continued to exceed their November 2010 purchase volumes. Sellers weren’t so keen, posting fewer newly listed properties on the MLS than at this time last year. With roughly 87.5 percent of 2011 data in the books, and with 2012 just around the corner, the clever observers will start snapping sneak peeks of annual statistics and watching Year-to-Date numbers a little closer than usual. Just how did 2011 rank in real estate sales compared with prior years? We’ll know soon enough. In the meantime, here are the latest statistics.

In the Twin Cities region, for the week ending November 19:

• New Listings decreased 18.6% to 938
• Pending Sales increased 30.5% to 805
• Inventory decreased 21.8% to 20,796

For the month of October:

• Median Sales Price decreased 9.6% to $154,500
• Days on Market decreased 0.6% to 134
• Percent of Original List Price Received increased 0.9% to 91.2%
• Months Supply of Inventory decreased 27.8% to 6.3

Statistics reported by the Minneapolis Area Association of Realtors.

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