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Posts Tagged ‘Minneapolis Lakes Office’

Our Minneapolis Lakes Office soared in 2012!

Here’s a note we received today from Robin Peterson, president of Coldwell Banker Burnet:

Congratulations to Matt Baker and the Coldwell Banker Burnet Minneapolis Lakes Office. Today they were honored for achieving the Top Office in the United States for Total Units for Coldwell Banker. Outstanding!

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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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May 2012

We’re nearly through the spring market, did you blink and miss it? Important changes have taken place, the sort of changes that will set the scene for the coming months and years. For the 12-month period spanning June 2011 through May 2012, Pending Sales in the Twin Cities region were up 26.7 percent overall. The price range with the largest gain in sales was the $120,000 and Below range, where they increased 33.8 percent.

The overall Median Sales Price was down 3.8 percent to $154,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.4 percent to $170,000. The price range that tended to sell the quickest was the $190,001 to $250,000 range at 131 days; the price range that tended to sell the slowest was the $1,000,001 and Above range at 277 days.

Market-wide, inventory levels were down 31.1 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 27.5 percent. That amounts to 4.6 months supply for Single-Family Detached homes and 5.4 months supply for Condos.

Click on the graph/image below to enlarge.

For additional market statistics, or to discuss buying or selling real estate, contact us. We’d love to be of service and help you reach your goals.

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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 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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