Ellen and Kate Walsh
Coldwell Banker Burnet
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.
Beautifully renovated from top to bottom. Gorgeous grounds and rarely found five-car garage. Please feel free to contact me for additional information or to arrange a showing of this fine home.
This property has sold.
What an ideal room arrangement! The family room off the kitchen features a beautiful stone-surround fireplace, built-in cabinetry and shelves, and a wall of windows/doors that open to the backyard. The four-season porch with its many windows continues the line of views to the yard.
Click on any photo below to see it in a larger format.
For more information or to arrange a showing, contact:
Kate Walsh, REALTOR
Lakes Area Realty
Listing provided courtesy of Coldwell Banker Burnet.
Information deemed reliable but not guaranteed. Lasted updated on October 21, 2010 at 05:29pm.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Lakes Area Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. DesignHouse9 is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of DesignHouse9 and Lakes Area Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.