Why Sell Now? Here’s Why.

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




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



3920 Cedar Shore Drive, St. Louis Park MN

Exceptional Mid-Century Home just steps from Cedar Lake

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.

Family room off kitchen with view to four-season porch and backyard.
Kitchen and Family Room

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.

This kitchen provides both functional beauty and entertaining space.

Click on any photo below to see it in a larger format.

The four-season porch with views of the landscaped backyard.
Formal living room with view to street and greenery beyond.
Main level master bedroom.
Main level master bath
Beautifully landscaped yard
Plenty of green grass, surrounded by flowers, patio and shrubs.
Captivating plantings and design.
Plenty of room to the side for a play area.
Lower level family room has a fireplace and dramatic lighting.
Lower level office area and bedroom. There's also a bath on this level.
The lower level was just finished this year and includes this second kitchen.
Classic stone-front rambler in St. Louis Park, Minnesota
The front yard is also beautifully landscaped.

The Details:

  • Four bedrooms and three baths
  • Private master suite
  • Hardwood floors
  • Central air conditioning
  • Three fireplaces with a mix of wood-, and gas-burning styles
  • Main floor laundry
  • Attached, heated and insulated five-car garage—a rare find in the city!
  • Exceptional presentation and finishes
  • Approximate finished square footage: 4,154
  • List Price: $889,900

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.



Photo of the Day: Come On In

A Welcoming Front Entry

Creating curb appeal is easy when one has a green thumb (or hires one).  The variety of color, texture and size of plantings, along with the bright pots, provides interest, depth and appeal at this house in St. Louis Park. (Photo taken with my cell phone.)