Real Estate Update

Weekly Real Estate Update
August 6, 2012

For decades now, the real estate industry has been both humbled and invigorated by the strong and direct relationship between the labor and housing markets. As goes the economy, seemingly so goes housing. That relationship was especially clear after the 2007 recession. The economy added 163,000 jobs in July, the highest figure since February. Our economy is growing, but not as quickly as many would like. Meanwhile, inventory drops and surging buyer demand from renters and first-timers are anchoring home prices and giving sellers more power than they’ve had in years, in many cases.

In the Twin Cities region, for the week ending July 28:
• New Listings increased 8.3% to 1,430
• Pending Sales increased 20.9% to 1,149
• Inventory decreased 30.5% to 17,103

For the month of June:
• Median Sales Price increased 10.2% to $178,600
• Days on Market decreased 22.0% to 113
• Percent of Original List Price Received increased 4.1% to 95.1%
• Months Supply of Inventory decreased 42.6% to 4.6

Click on any graph below to enlarge it.

As reported by the Minneapolis Area Association of Realtors.

For additional information on the market
or buying and selling a home, contact us.
We’re friendly, fun and professional real estate agents!

Ellen Walsh

Kate Walsh




Bridge Photo for October 6, 2010

Old Stone Bridge

This bridge is located at 54th and Upton Avenue South in Minneapolis, MN.
Minnehaha Creek flows below the bridge.


More photos of and stories about bridges




4105 Upton Ave S, Mpls

Property has Sold—No Further Showings

4105 Upton Avenue South, Minneapolis MN 55410 — $699,900
Sale Price: $625,000

Spacious and sun-filled duplex in Linden Hills.
Short walk to Lake Harriet and the Linden Hills business district.

Walls of windows in the dining and living rooms.
4105 Upton Ave S — Sunroom currently used as office.

Main Floor Unit:

  • 2+ bedrooms and 3 baths.
  • Open floor plan.
  • Hardwood floors.
  • Three-sided gas fireplace between living and dining rooms.
  • Updated kitchen is open to dining room.
  • Master suite features an arched window and a row of glass-block atop the wall separating the bedroom and dining room.
  • Lower level includes a family room with built-in cabinetry and “bar” with sink and fridge. This space can also be a guest suite with Murphy bed and its adjoining bath. A French door at the bottom of the stairs provides greater privacy from the main floor.
  • Laundry and mudroom by attached garage. Laundry room has Duet® washer and dryer.
  • Other highlights include a deck and courtyard and an attached double garage.
  • Main unit finished square feet: approximately 2,090
4105 Upton Ave S — Living Room with great windows.
4105 Upton Ave S — Nicely updated kitchen
4105 Upton Ave S — Master bedroom suite. Note glass block in wall dividing bedroom and bath.

Upper-Level Unit:

  • Two-level unit on 2nd and 3rd floors.
  • Private entrance at front of property and two private interior entries.
  • 3 bedrooms and 2 full baths.
  • Large living room, formal dining room and eat-in kitchen on 2nd floor.
  • Gas fireplace in living room.
  • Two bedrooms and a bath on the 2nd floor.
  • 3rd floor includes a bedroom, sitting room, full bath, laundry, and deck.
  • Numerous skylights on the 3rd floor.
  • Decks off of living room and kitchen on 2nd floor.
  • Upper unit total finished square feet: Approximately 1,800
4105 Upton Ave S — 2nd floor unit living room
4105 Upton Ave S — 3rd floor space with skylights
4105 Upton Ave S — 3rd level deck
4105 Upton Ave S — Exterior during warm weather months.

For additional information or to schedule a private showing of this fine property, please contact:

Kate Walsh
Lakes Area Realty

Please see Select Homes for Sale for additional properties.