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Posts Tagged ‘“twin cities real estate”’

Real Estate Weekly Update
November 15, 2010

For the week ending November 6, the pending snow outlook worsened as the Pending Sales outlook improved. The 619 signed purchase agreements in the Twin Cities metropolitan area marked a 16.0 percent drop from the same week last year. That’s the smallest decline since the week ending May 8.

We do need to add some context to that piece of good news. We are not seeing an increase in sales activity this year so much as sales began to decline at this time last year. The post tax-credit demand vacuum will lose suction during the winter months but will likely reappear this spring.

Potential sellers had a relatively busy week, listing 1,399 new properties on the market for a 10.6 percent increase over last year. That’s the first significant increase in New Listings since the week ending April 24.

Although inventory levels were 11.3 percent higher than last year at 25,257 active listings, the rate of increase appears to be slowing. The Supply Demand Ratio has reached 10.82, its highest level since December 2008. This means there are currently about 11 homes available per buyer.

As reported by the Minneapolis Area Association of Realtors.

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Real Estate Market Update
October 25, 2010

For the week ending October 16, New Listings in the Twin Cities declined only
2.1 percent from the same week last year with 1,424 properties entering the
market. That’s the smallest year-over-year decline in nine weeks, as the gap
comparing last year’s performance with this continues to close.

Weekly Pending Sales are still stuck around the 600 mark. The 580 purchase
agreements signed for the week translated into a 39.2 percent drop from last
year at this time. That year-over-year decline is nothing new to regular followers of the Weekly Market Activity Report.

The real story continues to be the delicate balance between buyer and seller
activity. As of October 25, the 26,606 active listings were 11.3 percent greater
than the same week in 2009. For only the second time in the past 25 weeks,
the magnitude of inventory growth is smaller than the previous week. In other words, the rate of inventory increase is decelerating. If it sounds like we’re scrounging for good news, we are. Even so, this shouldn’t be overlooked.

As reported by the Minneapolis Area Association of REALTORS®.

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Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. Narrated by Jeff Allen (Research Director, Minneapolis Area Association of REALTORS® and 10K Research | Marketing), audio recorded by Zach Foty and video produced by Chelsie Foty.
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3104 Lake Street West, Unit #311

Loop Calhoun Condominium
~ Love your Life Whether You’re Inside or Outside ~

Open floor plan and plenty of natural light

This two bedroom, two bath corner unit features an open floor plan with a most inviting ambiance. The large windows overlook green spaces that provide a wonderful sense of nature within the city. Lake Calhoun, shops and restaurants are steps from the front door. The Midtown Greenway Trail is just outside the back door.

View of greenery outside one of the large windows.

The smaller photos below can be clicked on to see in a larger format.
Copyrighted photos were taken with my cell phone.

Large walls of windows!

The condominium complex features Italian kitchens by Valcucine

 


This unit includes a fireplace.
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Entry/Foyer with view to living spaces

Balcony with view of trees

I love the interior window above the vanity. It allows natural light into what would be a windowless space without it. I think this is a great design feature and wish more developers would make use of it. This bath also features a soaking tub and a separate shower with glass-framed surround.

 

This exercise room is one of the building amenities.

Courtyard view from one side of this condo.

Front of building

The Details:

  • Two bedrooms and two baths
  • Nine-foot ceilings
  • Hardwood floors
  • In-unit laundry
  • Keating floor plan
  • Single attached garage plus additional parking
  • Central air conditioning
  • Pets allowed with restrictions
  • Building amenities include a conference room and community room.
  • Year Built: 2007
  • Finished Square Feet: 1,288
  • Taxes: $4,739
  • List Price: $312,000

For more information and/or to arrange a showing, contact:

Kate Walsh, REALTOR
Lakes Area Realty
612.220.3309
info@designhouse9.com

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More about the Midtown Greenway Trail

Midtown Greenway Bike Trail Map

Minneapolis Park System Trail Distances (in miles)
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Listing provided courtesy of Coldwell Banker Burnet.

Information deemed reliable but not guaranteed. Lasted updated on December 21, 2010 at 22:29pm.

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.

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One of those rare real estate offerings…

I see a fair number of houses and homes such as this one are the exception rather than the rule. Warm and inviting, meticulously designed and decorated, with wonderful natural light and an ambiance that makes you want to sit and stay. It’s homes like this that are both a treat to see and to show.

A beautiful and seamless addition on the back of this home makes it larger than it looks from the front. Highlights include the arched doorways and windows, the gorgeous (original?) tile surround on the living room fireplace, the center-island kitchen with ample work and storage space, the spacious family room with custom built-in bookcases, and the three-car attached garage. The fact that it’s located just one block from Lake Harriet is another reason to love it. A true gem! Call me today for more information or to schedule a showing. I don’t expect this one to last long.

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

 

Southwest Minneapolis home located just one block from Lake Harriet

 

Gorgeous tile surround on fireplace and arch-shaped windows.

 

Spacious dining room with arch-shaped windows.

Numerous windows for natural light.

Center island and stainless appliances

 

Family room with bookcases

Walls of windows and doors to deck in family room

Main bedroom with several wardrobe/closet options

Main floor deck off family room.

Click here to view the Virtual Tour

The Details:

  • Three bedrooms and two baths
  • Main and lower level family rooms
  • Hardwood floors
  • In-floor heat in main floor bath
  • Central air conditioning
  • Two fireplaces (gas-burning and wood-burning)
  • Wine cellar
  • Several outdoor patios (front, side and back)
  • Nightscape landscape lighting
  • Approximate finished square footage: 2,904
  • List Price: $789,000

For more information and/or to arrange a showing, contact:

Kate Walsh, REALTOR
Lakes Area Realty
612.220.3309
info@designhouse9.com

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Listing provided courtesy of Coldwell Banker Burnet.

Information deemed reliable but not guaranteed. Lasted updated on December 22, 2010 at 11:29am.

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.


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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
612.220.3309
info@designhouse9.com

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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.

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