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home sales: Home Selling Tip: Southwest Minneapolis & Edina Minnesota - 04/17/12 02:33 PM
How to Sell a Home in SW Minneapolis & Edina Minnesota
Home Selling Tip: List ALL Improvements
Getting the Most for Your Home
I spend most of my time in selling real estate in Southwest Minneapolis and Edina Minnesota. Homes around here are typically older homes (1900-1950 in Southwest Minneapolis and 1930-1970 in Edina). Most have also been remodeled and improved upon over the years. In the competitive market of 2012 home sellers need to do more than just post a sign in the front yard and list their home in the MLS. You can impress homebuyers and help your … (0 comments)
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home sales: Last Week’s Home Sales Edina and Southwest Minneapolis 1/9/12 - 01/09/12 09:59 AM
Here they are ladies and gentlemen, the first home sales of 2012 in Edina and Southwest Minneapolis!
It was an impressive start to the year with 11 homes sold in Edina and Southwest Minneapolis, however, the highest sale price was only $675,000 for this Minnehaha Parkway 4 bed, 3 bath home in Lynnhurst.
One home sale in Edina that caught my attention was this Kellogg listing which sold for $340,000. This could be a new tear down opportunity. While this particulat part of the neighborhood isn't the most active for in-fill or replacement housing it is right on the edge … (0 comments)
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home sales: I'm back! Spring in here and it's time to talk real estate market in Edina and Minneapolis - 01/06/12 04:09 PM
It's been a while since I wrote but I'm back in the mood as the spring real estate market begins taking hold in the Edina and Minneapolis housing market. As a native Twin Cities guy I am huge fan of winter and took some time off from writing to just enjoy the holidays and the season. The weather has been unseasonably warm, a blessing and a curse, but its time to start talking about the real estate market in Edina and Minneapolis!
During the 'off season' we still succeeded in selling and buying a good number of homes with our home … (0 comments)
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home sales: Where Are the Most Valuabe Homes? Southwest Minneapolis, East or West Edina? - 07/08/11 05:46 PM
Over the period from 2005 to now a change in where the most pricey homes are located has occurred. It use to be the Southwest Minneapolis, East Edina and West Edina all boasted high price sales on a regular bases. Now a days its a different story. East Edina is the only area consistently and regularly putting the high end sales on the board.
East Edina's hallmark neighborhood of South Harriet Park has continued it's rapid redevelopment with tear downs, new construction and renovations, and has homes routinely selling over $1,000,000.
West Edina and Southwest Minneapolis however have not been so … (0 comments)
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home sales: Homes Selling Faster Than You Think in Minneapolis and Edina - 04/13/11 04:54 PM
Contrary to what you might think, some homes are selling very quickly this spring. Home buyers and sellers in Southwest Minneapolis and East Edina (Linden Hills, South Harriet Park, Country Club, Morningside, etc...) may be surprised when they see some homes selling this spring as if it were 2004 again.
In fact, two homes on my block (Linden Hills) went up for sale and were under contract in less that two weeks. While the average time on market continues to linger around 5 months, roughly 10% of homes (17 of 158) sell in under 2 weeks in Southwest Minneapolis and East … (2 comments)
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home sales: Home Values: How the Media Gets Wrong and What You Should Know - 11/03/08 09:57 AM
Most real estate news today is bad, but rising sales volume is great news, and often seen skeptically in the media. While falling average prices is important, it's not nearly as accurate as it seems. Home owners would be well advised to understand the media's coverage of real estate is usually dead wrong in the way it thinks about your specific home's value.
I take issue with most news stories on two points 1)The importance of rising sales volume, and 2)For not pointing out that averaging sale data, reflects the large volume of bank mediated sales, and don't accurately predict values of … (0 comments)
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home sales: Tyrol Hills Real Estate Prices in 2008 - 08/21/08 08:17 AM
It's been a wild ride as of late, as home values rise in some areas and fall in many more, short sales and foreclosure complicate deals, financing challenges are everywhere and everyone is taking a careful look at their pocket book as the general economic news sours. But what's it all mean for YOU? Well, if you are a Tyrol Hills homeowner you are in luck!
Tyrol has always been in demand and today is no different. Tyrol averages about 2.54 sales per month, with 18 single family homes on the market; there are just 7 homes for each buyer in … (0 comments)
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home sales: Minneapolis, MN: Real Estate Market Update March 25th - 03/25/08 03:33 PM
New Page 2 Get Out Your Sold Signs!
We saw a tremendously positive sign in the past weeks stats, Pending Sales, or the number of new deals, are up 11% percent! Buyers are taking advantage of this market, and are starting to buy homes. This trend will continue as long as mortgage rates remain attractive.
Buying activity was strongest in the three micro-markets:
Single family detached home in the SW Metro from $700,000-$900,000 Residential investment property under $200,000 South/Southwest Minneapolis, and Edina/St. Louis Park from $250,000-350,000 The number of new listings in this period out paced sales, result; the total … (0 comments)
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home sales: The Fixer-Upper Market in Southwest Minneapolis - 03/18/08 10:24 AM
Buying a fixer-upper in Southwest has been a popular and proven strategy for ages. But if you're not careful it can be also be a big mistake. There are new "rules" in play today that determine what will pay off and what won't.
Many are attracted to the "fixer-upper in the nice area" as way of getting into an otherwise unaffordable neighborhood. With the age of homes, and the variety within neighborhoods South and Southwest are ripe with fixer upper opportunities.
To buyers comfortable with remodeling putting in some sweat equity seems like a "no brainer". But it's not as easy as … (3 comments)
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home sales: Minneapolis, MN: Market Update March 17th - 03/17/08 11:19 PM
Buying activity this week remained about the same as last week. It's almost hard to imagine why buyers are not taking advantage of this wonderful opportunity. Until I think about the Bear Stearns news and all the doom and gloom dire predictions we heard this week.
Many buyers are trying to time things, to make sure they get the best price. Bad economic news creates a perception that we are in a free fall. While that may be true in some real estate markets it's not in others. Many of the areas I work in are RISING. Average sale price in many neighborhoods is rising, … (0 comments)
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home sales: Minneapolis, MN: Real Estate Market Update March 11th - 03/11/08 10:12 AM
Activity in the real estate market increased across the board this week. The number of new deals (pending sales) went from 635 last week to 680 this week. The number of new listings went up as well from 1832 last week to 2014 this week.
These increases add to the rise in activity since mid January.
Spring activity is typically high, when compared to last year, this spring's activity is slightly down. The number of new listings this spring is about % lower than the same period last year. While the number of pending sales is down by about %.
An interesting side note, the Housing … (1 comments)
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home sales: Minneapolis, MN: Market Update Week of March 3rd - 03/03/08 07:30 PM
New Page 1 Signs of Spring!
Deals are being done, fewer homes being listed, all spell good news for the Real Estate Market.
Pending sales inched up this week making a strong case for the market being prime for the picking. While sales volume remains healthy, the type of deals being done varies in different neighborhoods. Some places the lowest price rages are hot, while in other neighborhoods it's the moderate price rages.
New listing activity is relatively week, a very helpful thing if the trend continues. The primary force limiting price appreciation is over supply. Since sales are strong, new … (0 comments)
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Ben Kolkman Real Estate Author & REALTOR Southwest Minneapolis & Edina Minnesota
Minneapolis,
MN
More about me…
Results Support Services, Editor, Contributor, Blogger
Address: Minneapolis, MN
Office Phone: (612) 599-4161
Email Me
Ben Kolkman has been recognized by the local association of realtors and by local media as an expert in the Twin Cities real estate market. Ben leads discussion groups on marketing techniques for the Minneapolis Area Association of Realtors, Young Professionals Networking group. He was awarded the 2009 Super Agent award by Mpls St. Paul Magazine and Twin Cities Business. KSTP and WCCO have both featured Ben in their newscasts, and he is a regular contributor on the DIY Network "Sweat Equity" cable TV program.
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