Interest Rates finished the week last week at 6.375% for a 30 year fixed on Monday August 25, 2008. That is up just a bit. Interest rates have continued to be a bit unstable. We don't see interest rates coming down anytime soon.

Current real estate listing inventory - 218 active listings in Owatonna as of today. The active listing count has stayed fairly constant. We would like to see it down about 30 listings but at least it hasn't soared this summer like last year.

The number of pending listings is at 38 homes. This continues to be a good pending count however it is down a bit from previous levels. We look for it to fall quite a bit this week as we reach the end of the month.

There have been 196 properties Closed so far in 2008. Closed activity has been great over the last two months. There were 267 properties closed at this same time last year so we are down in the market 27% over 2007. BUT WE ARE STILL SELLING HOUSES! The real estate market hasn't come to an end. We will be doing a chart at the end of the month that shows how the market over the last 5 years.

Take a close look at the comparison charts. The closed chart is showing that over 43% of the homes that have closed this year had a price change and the average price change is just over $15,753. vs 55% of the active listings has had a price change (up 3%) and that average price change is $13,580. This has several possible reasons 1) Sellers are seeing the need to adjust the asking price of their home into the correct price range, to generate showing activity and offers. 2) More & more sellers are coming onto the market initially at the correct price. Take a look at these charts. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Give us a call and let us show you what is happening in the market right now. 507-390-2121

We have all of our listings available via Virtual Tour in English, Spanish and also in French
 

Golf Course Living at its finest. 3 Augusta place, Owatonna, MN $219…
08/13/2008
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The Bartley Group | Coldwell Banker Home Connection | 507-390-2121 3 Augusta Place, Owatonna, MN Above Par Living!! On BrookTree Golf Course 3BR/2. 5BA Townhouse offered at $219, 900 Year Built 1988 Sq Footage 1, 728 Bedrooms 3 Bathrooms 2 full, 1… more
Peascful Living at the edge of town - Austin, MN
08/05/2008
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The Bartley Group | Coldwell Banker Home Connection | 507-390-2121 601 25th Ave NW, Austin, MN Wonderful location on Austin's north side. 23 acres Vacant Land offered at $25, 900 Lot Size 23 acres DESCRIPTION Fabulous new development that is… more
Price Reduction on this Wonderful Lake Home
08/05/2008
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The Bartley Group | Coldwell Banker Home Connection | info@bartleygroup. com | 507-390-2121 1018 Abbott, Albert Lea, MN Direct Lake Frontage - Completely Updated 3BR/1. 5BA Single Family House offered at $189, 900 Year Built 1888 Sq Footage 2, 326… more
Come Live The Dream!! Amazing 1 year old Owatonna, MN home has it all!
08/05/2008
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The Bartley Group | Coldwell Banker Home Connection | clientcontact@bartleygroup. com | 507-390-2121 1185 Jadden Lane SE, Owatonna, MN Come live the dream! All three levels finished to upscale perfection. 5BR/3. 5BA Single Family House offered at.. more
Exciting & Affordable Developement in Austin, MN
08/05/2008
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The Bartley Group | Coldwell Banker Home Connection | 507-390-2121 703 25th Ave NW, Austin, MN Fabulous new development that is across from a serene view that encompasses a bike bath and a peaceful park. 18 acres Vacant Land offered at $25, 900… more
Updated & Charming - Great Condition in Faribault, MN
08/02/2008
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The Bartley Group | Coldwell Banker Home Connection | 507-390-2121 322 5th Ave NW, Faribault, MN New Price!!! See it now. Charmingly updated home! Move in and start enjoying your new home. 2BR/1BA Single Family House offered at $121, 900 Year… more
Lake Living! Updated Home & Boat House - Albert Lea, MN
08/02/2008
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The Bartley Group | Coldwell Banker Home Connection | info@bartleygroup. com | 507-390-2121 1018 Abbott, Albert Lea, MN Direct Lake Frontage - Completely Updated 3BR/1. 5BA Single Family House offered at $196, 800 Year Built 1888 Sq Footage 2, 326… more
Nearly New - Exceptional Condition, Split Level Home in Owatonna, MN
08/02/2008
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The Bartley Group | Coldwell Banker Home Connection | 507-390-2121 807 Willowbrook Street NE, Owatonna, MN Time to Relax & Enjoy! Exceptional 4 Bedroom 2 Bath Split Level Home 4BR/2BA Single Family House offered at $189, 900 Year Built 2006 Sq… more
New Construction - There is nothing else like this in Austin, MN
08/02/2008
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The Bartley Group | Coldwell Banker Home Connection | 507-390-2121 705 25th Ave NW, Austin, MN Let the peace & tranquility of the location surround you. 4BR/2BA Single Family House offered at $189, 950 Year Built 2007 Sq Footage 2, 034 Bedrooms 4… more
 

The Bartley Group - SouthEast MN Real Estate

Owatonna, MN

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Coldwell Banker Home Connection

Address: 641 W. Bridge Street, Owatonna, MN, 55060

Office Phone: (507) 390-2121

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