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11951 Castle Rock Ct N, Champlin MN 55316

May 23, 2013 by Leave a Comment
11951 Castle Rock Ct N

This stunning former model executive 2 story home in Champlin will be listed in the MLS for $415,000 on 5/30/13.  At 3200 square feet above ground and an unfinished basement, the generous room sizes and luxurious finishes make this home one that you have to see.  Anoka-Hennepin schools. Listed by Julie Plumedahl with Edina Realty, 763-569-5682.  The virtual tour has a total of 59 photos, below are just a few: AGENTS: This home has a signed listing contract and a Withhold from MLS has been submitted to … [Read more...]

Filed Under: Blog, Featured Blog Posts, Info for Buyers Tagged With: ,

Twin Cities Buyer Showing Activity

May 20, 2013 by Leave a Comment
showing-data-5-20-13

While home sales in the Twin Cities are at 7 year highs, home buyer showings are actually down from last year:   Why are home showings down even though sales are up?  Simple.  Far fewer homes for sale this year means buyers simply have far less to look at. A couple years ago buyers could look at dozens of homes for sale that met their criteria and spend weeks deciding.  Today we often find that there are less than a dozen homes that really match a buyer's wants and they have only days to … [Read more...]

Filed Under: Blog, Featured Blog Posts, Info for Buyers, Info for Sellers, Market Stats

Minnesota Foreclosures Continue Decline

May 13, 2013 by Leave a Comment
Q1 2013 Sheriff Sales in Minnesota

HousingLink just released their latest foreclosure report showing the strong declines in sheriff sales continues.   Once a sheriff sale has occurred, most properties will be listed by the bank that took it back 7-9 months later.  Consequently, the continued decline of bank owned listings for sale on the MLS is all but certain at this point.  When fewer properties go through foreclosure, neighborhood values are higher and we've seen this trend for over a year now.  This is great news for sellers … [Read more...]

Filed Under: Blog, Featured Blog Posts, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats

Housing Market’s Virtuous Cycle

May 6, 2013 by Leave a Comment
The Housing Market Virtuous Cycle

The housing market has come roaring back in many markets throughout the U.S. and some have been questioning whether the surge of activity we're seeing has staying power. In many markets, from 2008 through much of 2012 we saw that nearly half of home sales were of foreclosed or short sale properties.  What we're seeing now is a return back to the Traditional Seller as foreclosure and short sale inventory declines sharply. What's crucial about this return to a more normal market is that in a Traditional Sale, … [Read more...]

Filed Under: Blog, Community Issues, Featured Blog Posts, Foreclosures and Short Sales, Housing Analysis, Info for Buyers, Info for Sellers, Market Stats, Opinion Tagged With:

Twin Cities Pending Home Sales 2nd Highest in 7+ Years

April 30, 2013 by Leave a Comment
Home Sales on the Rise

 Twin Cities pending home sales for the week ending April 20th, 2013 surged to their 2nd highest level in more than 7 years. In one week, 1,337 homes went under contract, which was the highest level since August 2005 except for a single week in 2010 when the first time home buyer tax credit was expiring. Pending sales were nearly 10% higher than the same week a year ago and continues the trend of increasing sales, declining inventory and rising prices. While sales are up, new listings are effectively flat … [Read more...]

Filed Under: Blog, Featured Blog Posts, Housing Analysis, Info for Buyers, Info for Sellers, Market Stats

Old School Real Estate: Communication

April 24, 2013 by 2 Comments
frown

As the tightest Twin Cities housing market in the last decade continues, houses are selling left and right in multiple offers and leaving many buyers disappointed. Regularly I am hearing stories of situations that went bad mostly due to poor agent to agent communication. In some of these situations, listing agents are not informing buyer agents of competing offers, buyers agents are not contacting the listing agent before an offer is submitted, or neither party is talking to one another at all. In such a … [Read more...]

Filed Under: Blog, Featured Blog Posts, Info for Buyers, Opinion, Personal Experiences Tagged With: ,

Just 10 Weeks Supply of Twin Cities Housing

March 14, 2013 by Leave a Comment
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As the news media has been reporting with greater regularity recently, the supply of homes for sale in the Twin Cities has been shrinking dramatically - down over 31% in the last 12 months. As of March 14th, 2013 there were 12,399 homes for sales in the Twin Cities on the NorthstarMLS system.  That works out to approximately 13 weeks of supply or approximately 3 months of homes for sale.  A balanced market between supply and demand is typically considered to be in the 5-6 months of inventory range, so we're … [Read more...]

Filed Under: Blog, Featured Blog Posts, Info for Buyers, Info for Sellers, Market Stats, Opinion, Statistics

2012: Twin Cities Housing Turnaround

December 30, 2012 by Leave a Comment
Home Sales on the Rise

The Twin Cities saw a surprising turnaround in the housing market in 2012.  While I had predicted that the Twin Cities had hit bottom in January 2012, no one, including myself, had expected as strong of a 2012 as we had. While final numbers are not in yet, 2012 was a banner year for the Twin Cities. Prices surged, Traditional Seller activity increased while distressed sales decreased, buyer demand swelled nearly 20% and the inventory of for-sale homes dropped almost 30%. That increase in buyer demand and … [Read more...]

Filed Under: Blog, Crystal Ball Projections, Featured Blog Posts, Housing Analysis, Info for Buyers, Info for Sellers, Market Stats, Market Updates

Minnesota Foreclosures Down 10%

November 16, 2012 by Leave a Comment
2012-q3-sheriff-sales

HousingLink just released their 2012 Q3 Minnesota Foreclosure Update, showing sheriff sales are down 10% from Q3 2011.  What is also worth noting is that they are down 38% from Q3 2010!  Here is a chart from their report:   … [Read more...]

Filed Under: Blog, Featured Blog Posts, Info for Buyers, Info for Sellers, Market Stats

Twin Cities Traditional Seller Inventory Down 70%

November 12, 2012 by Leave a Comment
Twin Cities Real Estate - Traditional Seller Inventory Down 70%

Where have all the Traditional Sellers gone?  While foreclosures are down 60% and short sales are down 54%, Traditional Seller homes for sale are down an eye-popping 70% from their peak in 2007! Seller activity has been much lower these last 5 years due to the decline in home prices but in 2012 we saw an increase in prices and saw 5% more Traditional Seller listings enter the market as well.  Even with the increase in seller activity this year we still lost inventory because buyers have come out in droves … [Read more...]

Filed Under: Blog, Featured Blog Posts, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats, Market Updates

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.