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I’m an observant person. I notice things around me. Recently I was in a small town to the west of Minneapolis. I saw two homes that have what I refer to as “exterior trimming”. It’s along the vein of tree trimming during the Christmas holiday in that it’s decorative. Some might say these are whimsical or displaying someone’s personality. They caught my eye and made me wonder about the owners and their reasoning for displaying these items, particularly the mirror and its placement above the garage.

A mirror above a garage

A mirror above a garage

Exterior trimming

Exterior trimming

No doubt my eyes will be on the lookout for more of these unusual trimmings. Does your home have any atypical exterior trim?

 

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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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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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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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Weekly Real Estate Update
November 12, 2012


1.3 million. That’s how many Americans were reportedly lifted out of underwater mortgage situations this year from rising home prices, according to the Obama administration’s October Housing Scorecard. There’s more going on than meets the eye here. Rising prices also help restore tax base, decreasing the likelihood of tax increases later. National GDP even benefits. When real estate is chugging along, things are good. And now, arguably more so than ever in the past four or five years, real estate is starting to chug again. It’s not at full speed yet, but the open track ahead beckons.

In the Twin Cities region, for the week ending November 3:
• New Listings decreased 1.0% to 1,125
• Pending Sales increased 25.3% to 930
• Inventory decreased 27.7% to 15,434

For the month of October:
• Median Sales Price increased 14.8% to $174,995
• Days on Market decreased 25.0% to 103
• Percent of Original List Price Received increased 3.5% to 94.4%
• Months Supply of Inventory decreased 41.0% to 3.7

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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Autumn Beauty

On Tuesday I spent the afternoon with a friend. We walked around Lake of the Isles. The crimson and golden hues presented plenty of photo opportunities. Here’s are some photos from the afternoon walk. Big thanks to my friend for stopping and waiting for me to capture all the images.

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