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.
On the softer side:
A couple of my Fleeting Moment photo challenge pictures also fit this theme:
French-inspired architecture abounds in this seven-bedroom, four-bath beauty overlooking Gleason Lake. This home has spacious rooms with fine detailing and three finished levels. Both the living room and library feature bowed-window walls with views of the lake and grounds. A French door in the library opens out to an elevated garden space with reflecting pool. Finishes include plaster walls, and hardwood, marble, and terrazzo floors. Wayzata school district. Located just minutes from downtown Wayzata.
Library with Bowed Window and French Door to Garden and Reflecting Pool
Update: Nov. 16, 2011: This home is currently off the market.
Call or email for a private showing.
Courtesy: Roger Fazendin Realtors, Inc
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 Coldwell Banker Burnet are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the name(s) of the listing brokers. Coldwell Banker Burnet is not a Multiple Listing Service (MLS), nor does it offer MLS access.
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Winter storms have been blanketing many states with snow and ice, shutting down roads, businesses, schools, airports and more. Supposedly spring is not far off, according to Pennsylvania’s famous groundhog Punxsutawney Phil. Let’s hope so. In the meantime, here’s a reminder of warmer days and calmer weather.
Friday after Thanksgiving is typically known as “the biggest shopping day of the year” and as “Black Friday”. Monday has become known as “Cyber Monday” when folks spend millions of dollars online. I would like to make a case for spending some of those dollars locally.
The other day my sister told me about someone sailing on Wayzata Bay. She thought it would make for a good photo: A sailboat cruising along the open water with the icy shoreline. Alas, by the time I got to Wayzata Bay, the sailboat was gone. Still, I found plenty of photo opportunities.
There was a beautiful sunset over the Wayzata Bay…
Local shop windows were decorated with holiday flair. Here is the shop with the name The Bookcase:
The Bookshop’s doorway is decorated with greenery and ornaments. The sunset can be seen in the window reflection.
The adjoining Caribou Coffee shop is a nice place to take a break from shopping and taking pictures as well as a place for getting gift cards and meeting friends for a hot drink. The windows were decorated with the season’s theme of snow.
Down the street from The Bookcase is Five Swans, another locally owned shop with beautiful housewares and other gifts. They, too, have nicely decorated windows and a wreath on the front door.
But back to the ten great reasons to shop locally. Here’s what you do when you shop locally:
Another simple truth is that some of these independent shops are really struggling to make it right now. They need your business to survive. Read more on this topic from the owner of The Bookcase.
And learn more about Five Swans at the link below. I’ve noticed a significant reduction in inventory in their store both last year and this year.
And more local shops in Wayzata that are worth the trip:
Anne and Friends–Wayzata Artists’ Market–represents 100+ local and regional artists, both established and up and coming. You can find paintings, jewelry, ceramics, glass, fiber, photography, and more.
Fleurish–A Purveyor of Find Gifts and Stationery – specializing in corporate gift baskets but also has a variety of items that will appeal to the individual shopper.
Blanc de Blanc – tableware and apparel in the neutral color families of white and beige. One exception to this color scheme is the Christmas holiday ornaments.
Circa Vintage–High quality retro finds in a quaint shop.
Pick up a boxed lunch at Village Meats.
I love local. I try to do much of my own shopping at local merchants. It’s a charming and fun experience with a more interesting mix of gifts and products to choose from. The passion is evident. Let’s spread the word about local shops that are gems. Use the comments section below to tell your story and share the name of a local shop you like.
Lastly, another shot of the sunset, taken later this same day. Nature’s own decoration.
These two photos were taken within seconds of one another.
Earlier today I was out looking at a couple of condos in Wayzata. Afterwards, I walked near this shop. The blue bike caught my attention. It’s old-fashioned styling seemed to fit in perfectly with the vintage shop. The blue was a welcome splash of color in an otherwise rainy and overcast day.
I used my cell phone camera to take these shots. I find the blurred half of this photo rather intriguing. Did I move while taking the picture? Only half the photograph is blurred. If I moved, shouldn’t the entire photo be blurry? It makes me think of sci-fi and action movies. What just went by at high-speed?
In the study of Feng Shui, we discuss that everything is energy. The right half of the photo appears to have a stronger energy field than the left side. What else could have been in the space while I was there? Hmm…