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Posts Tagged ‘moving’

Real Estate Update
December 2, 2012

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Home buyers entered more contracts and homeowners listed more properties than during the same week of 2011. As a whole, 2012 is shaping up to be quite the pivotal year for housing. With 2013 right around the corner, the smart money is monitoring seller concessions, market times, absorption rates and, of course, home prices. The genius money is watching foreclosure listing and sales volumes, delinquency rates and showing activity.

In the Twin Cities region, for the week ending November 24:

• New Listings increased 0.7% to 607
• Pending Sales increased 12.8% to 608
• Inventory decreased 28.8% to 14,546

For the month of October:

• Median Sales Price increased 14.8% to $175,000
• Days on Market decreased 25.2% to 103
• Percent of Original List Price Received increased 3.5% to 94.5%
• Months Supply of Inventory decreased 39.6% to 3.8

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
October 9, 2012

Some say that housing and the economy are woven together into a single garment of destiny. Let’s review recent national economic data: a good September non-farm payroll report marking 31 consecutive months of private job growth, the unemployment rate falling to 7.8 percent (a 44-month low), a widely positive S&P/Case-Shiller home price report, and mortgage rates averaging close to 3.4 percent. When you combine the above trends with less housing supply and strong home sales numbers, you can start to see just what’s driving this recovery. Here’s what transpired locally.

In the Twin Cities region, for the week ending September 29:
• New Listings increased 6.2% to 1,314
• Pending Sales increased 15.5% to 1,000
• Inventory decreased 29.6% to 16,261

For the month of September:
• Median Sales Price increased 12.3% to $174,000
• Days on Market decreased 28.7% to 101
• Percent of Original List Price Received increased 4.1% to 94.8%
• Months Supply of Inventory decreased 40.9% to 4.0

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
October 1, 2012


With October here, 2012 has certainly flown by. The things to be watching for this fall are the same things you’ve likely been watching all year. Changes in sales levels, active listings, market times, seller concessions and, of course, home prices have taken center stage. To showcase just one, home prices may moderate on a month-to-month basis but should continue to demonstrate resiliency in a year-over-year sense. While the economy has been sending some mixed signals lately, one aspect of this recovery remains convincing: housing will be a net contributor.

In the Twin Cities region, for the week ending September 22:
• New Listings decreased 1.1% to 1,295
• Pending Sales increased 22.8% to 1,078
• Inventory decreased 29.4% to 16,428

For the month of August:
• Median Sales Price increased 14.8% to $178,000
• Days on Market decreased 23.9% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 41.1% to 4.2

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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And Then They Bought It

My sister and I were working with a lovely newly wedded couple to find them a home. We looked at homes in Saint Paul. We looked in Minneapolis. We looked along the river front. And then this home came on the market. Initially, the only photo on the MLS was of the front exterior. I told them it was either ugly and dated inside or the listing agents were planning professional photos to be taken.  It turned out they were having professional photos taken of the interiors.

We went to see it right away. The couple knew they had found something special that first time through. My sister and I have worked with many buyers who have walked into homes and known immediately it was the home for them.

The home had been owned by the sellers for over forty years. The prior owners had also lived in this home for decades. Both of the previous owners had been newly wedded couples when they first moved in to this home. This is what I call great predecessor history. It bodes well for this couple’s future happiness.

The next day we went back with an architect to get some ideas and cost information for remodeling the kitchen. The architect confirmed they had great space to work with.

They made their offer, and after some pretty painless negotiation, the contract was signed and delivered. They secured an amazing 2.75% mortgage rate. The closing took place at the end of July. They love their new home.

I can’t wait to see their new kitchen!

The home has a great screened porch!

And a private, double lot with mature trees and perennial gardens.

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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
September 17, 2012


You fill the pot with the water and you turn the stove top on and you wait. You watch it and you want something to happen and it seems to take an exceptionally longtime. All you want to do is add the pasta or the brown rice or the frozen peas. And you wait. Because it’s important to wait until the water is roiling along in what is seemingly chaotic motion but is really the perfect environment for what is meant to be within it. This is our current housing market. It’s been an undeniably good spring and summer, and now we wait to see if the fall showcase is just as good if we mix in the right amount of inventory, sales and days on market.

In the Twin Cities region, for the week ending September 8:
• New Listings increased 2.2% to 1,273
• Pending Sales increased 24.2% to 940
• Inventory decreased 29.6% to 16,458

For the month of August:
• Median Sales Price increased 15.2% to $178,600
• Days on Market decreased 24.0% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 42.0% to 4.1

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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Real Homes. Real People. Real Ideas.
April 28–29, 2012

This weekend offers an opportunity to take a FREE, self-guided tour of 60 Twin Cities remodeled and/or reinvented homes. See homes projects that were both “on-a-budget” and “blow out”. You can tour examples of remodeled kitchens and baths, room additions, and whole house renovations.

These projects are unique in that they cover a wide range of housing eras. The home tour is also unique in that homeowners, contractors and/or architects are available to discuss the projects with visitors. This is a wonderful way to learn about remodeling, meet contractors and architects, and discover different neighborhoods.

This is the twenty-fifth year of the Minneapolis and Saint Paul Home Tour. It all began when some Minneapolis real estate agents and city officials were concerned about suburban flight. They took it upon themselves to promote city living and the home tour was born.

Homes will be open to visitors:

  • Saturday, April 28, 2012 from 10:00 a.m. to 5:00 p.m.
  • Sunday, April 29, 2012 from 1:00 p.m. to 5:00 p.m.

The home tour will take place regardless of weather conditions.

Minneapolis–Saint Paul Home Tour Preview – a video showcasing information and home tour highlights.

Minneapolis Home Tour Map

Saint Paul Home Tour Map

msphometour.com – the Minneapolis and Saint Paul Home Tour website.

Visit HistoricSaintPaul.org for information on: “Historic Homes for Everyday Families” workshop, why preservationists will enjoy the Minneapolis and Saint Paul Home Tour, walking tours of “Storybook” houses with architect Bob Roscoe, and more.

Thinking of buying or selling real estate? Call Kate and Ellen Walsh and we’ll help you make all the right moves.

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

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October 31, 1991 vs. October 31, 2011

The Story of a Buyer and a Blizzard


In the fall of 1991, I was working with a buyer who was purchasing a condo. She closed on her new home on the morning of October 31st. She left the closing and immediately began the process of moving.

On that same autumn day, snow began to fall. The first few inches fell on warm pavement and turned to ice. By late afternoon, heavy snow was falling and by midnight over 8″ of snow had fallen.

I contacted my client that evening and learned that she and her daughter were finished moving into her new place. The storm continued over the next two days, dropping over 28″ of snow on the Twin Cities. My client and her daughter were snowed in and had plenty of time to unpack. We were thankful for the early morning closing.

Twenty years have passed and she is still living in her condo. Today there is no blizzard, no snow, no ice. We have the more normal fifty-degree temperature and the beautiful fall colors. My client has her lovely home and, perhaps, some trick-or-treating children knocking on her door.
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Looking to buy or sell real estate?
Contact us!

Ellen Walsh
612.220.3304
emwalsh@cbburnet.com

Kate Walsh
612.220.3309
info@designhouse9.com

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