minneapolis real estate market: 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 … (0 comments)
|
minneapolis real estate market: Market Stats vs. Reality: Do falling prices matter? - 06/10/08 08:44 AM
NAR: Resale home price may fall 6.4% this year
The National Association of Realtors is now predicting that the median resale home price, nationally, will be 6.4% lower than it was last year. But reality is usually very different.
These national average numbers are an important metric for economists. It’s also … (3 comments)
|
minneapolis real estate market: Minneapolis Minnesota | Real Estate Market Update | Bottom Has Been Hit! - 05/21/08 04:51 PM
I wanted to wait a few weeks to be sure, but I think it's time to call it, the market has hit bottom!
The result of good fundamental market trends (sales activity continues to be reliable, and new listings are coming on the market more slowly) hitting bottom means we'll see … (3 comments)
|
minneapolis real estate market: Old School Rules - 02/26/08 11:00 PM
The ‘old' rules still apply
1. "Location, location, location"
The most important factor to buyers in a 2007 survey from NAR 65 percent of all respondents) was the "quality of the neighborhood."
More importantly, offer prices and list prices vary greatly by price, neighborhood and property type. Being off by 10% will kill … (2 comments)
|
minneapolis real estate market: Minneapolis, Minneasota: Market Observation: The Root Cause - 02/26/08 08:12 AM
Supply and Demand are a driving force in any market. In the real estate market, supply and demand are currently the most important single factor to consider.
Quick Caveat - I think the current market is a good one. I represent buyers and sellers. In this marker my clients are by … (0 comments)
|
minneapolis real estate market: Minneapolis, MN: Market Update - Feb 25th, 2008 - 02/25/08 08:40 PM
The Twin Cities Real Estate Market is as volatile as the weather, warm/cold/warm/cold. The market is generally flooded with listings, and this long term issue will take many months to correct. But a strong under current of demand keeps things interesting.
Buyers continue to show strong interest. Pending sales made a strong … (6 comments)
|
minneapolis real estate market: Eden Prairie, Minnesota: Market Update Up 12% HOT!!! - 02/19/08 03:39 PM
Eden Prairie continues to rise in spite of soft market condition elsewhere. While the Metro area's average sales price drops, and in spite of neighboring communities doing the same, Eden Prairie posted a 12.1% rise in the average sales price for 2007.
Average sales price can be a misleading statistic, but is usually gives … (1 comments)
|
minneapolis real estate market: Minneapolis, Minneasota: Market Update Feb. 18, 2008 - 02/19/08 03:15 PM
Pending sales rose 18% this week! Things are looking up in the Minneapolis Market. This is exactly the kind of market activity we need to see to return to healthy market conditions.
As we sell off inventory we'll begin the recovery. While an 18% increase in pending sales is a good start, new … (1 comments)
|
minneapolis real estate market: Minneapolis, Minneasota: Market Update Feb. 11, 2008 - 02/13/08 02:01 PM
Both Pending Sales and New Listings are up this week. Not a big surprise. The news is that Pending Sales are only up a very small amount, while the number of New Listings rose significantly. Therefore we are left with a net increase to the available inventory.
The "health" real estate market, is driven by supply and … (2 comments)
|
minneapolis real estate market: Minneapolis, Minneasota: Nord'east Duplexes - 02/11/08 03:19 PM
Real Estate Market Update: Duplex sales in NE Minneapolis
Sale Price down 24% and Sales Volume down 49%
Northeast Minneapolis, February 2008
Northeast became one of the hottest markets in Minneapolis during the "boom" appreciating and average 62% since 2000. Given the relatively modest home vales and it's proximity to the two downtowns, the … (1 comments)
|
minneapolis real estate market: How to Buy, Sell & WIN in this market - 02/05/08 12:08 PM
What is your Market Strategy?
Ben Kolkman, REALTOR
While the entire market looks one way, the market for each individual home is very different. Sometime hot, sometimes cold, the real estate market varies widely. The best way to get the most out of this transaction is to clearly define, and write out, your … (5 comments)
|
minneapolis real estate market: Market Update - Feb. 5, 2008 - 02/05/08 10:58 AM
Pending sales jumped up again for the 4th straight week. New listings are popping up all over the place, Spring Market has arrived!
Keep an eye on the newly listed homes, the good ones (condition & price) are selling fast. And remember if you think it's a nice home, and a … (4 comments)
|
minneapolis real estate market: Minneapolis Market Update - Jan. 30, 2008 - 01/30/08 09:22 AM
Minneapolis Real Estate - MARKET UPDATE
It's 14 degrees below zero - SPRING is HERE!
January 30th, 2008
by Ben Kolkman, REALTOR, Great Minneapolis Real Estate
In Minneapolis the spring season, in real estate at least, starts in January. Ironic, considering it's so cold right now, that keys sitting in frozen lock boxes on … (0 comments)
|
minneapolis real estate market: Short Sale Tips - 01/23/08 05:25 PM
Short Sales are when the Seller of a home owes th bank more than they get in the sale. They are coming up "short". To more exact the Seller does not have enough sale proceeds to pay the mortgage(s) and all the closing costs incurred with a transaction.
Sellers contact their lender(s) to … (3 comments)
|
minneapolis real estate market: Market Update - Jan. 18, 2008 - 01/18/08 09:15 PM
And the listings come flooding back. The number of new listings in Minneapolis soared up this week to 1544. Doubling the number from the week before.
These new listings are just adding to the already flooded market. Many of these "new" listings have previously been on the market, and were just taking some time off. … (0 comments)
|
minneapolis real estate market: Market Update - Jan. 13, 2008 - 01/13/08 02:20 PM
As the winter sets in and the market reacts to more bad news about the real estate market and the "credit crunch" I wonder what could possibly be good in the world of real estate. Then I saw our weekly activity!
Pending sales dropped, as did new listings, and the total … (0 comments)
|
minneapolis real estate market: Investors Rush In - 12/28/07 09:47 AM
In love, they say, fools rush in. In the Twin Cities real estate market, right now, investors are rushing in!
It is the dark of winter (literally) here in Minneapolis, MN. There are 13.44 homes for every one buyer, in the Twin Cities metro area, more than ever before. It's hard to find buyers … (9 comments)
|
minneapolis real estate market: How is the Condo Market in Southwest Minneapolis? - 12/09/07 09:04 AM
Real estate values in Southwest Minneapolis have traditionally been strong. Even during the slowest periods, values in Southwest have appreciated and demand has been high. Unfortunately, condo owners in Southwest may not fair so well this time.
There are very specific reasons the real estate markets has slowed. The number of properties … (2 comments)
|
minneapolis real estate market: Giving thanks for a good real estate market - 11/27/07 12:17 PM
As I thought about what a great Thanksgiving my family had, I began thinking about the real estate market this year and all I have been blessed with professionally. Then I realized we are all lucky to have a housing market, offering a sound financial investment, even in the worst of … (1 comments)
|
minneapolis real estate market: Is the Possibilty of a Lower Price, Worth Passing on the Perfect Home? - 11/20/07 04:41 PM
I had the privilege of providing an interview to Channel 5, KSTP today. Glen Barbour contacted my office asking for an opinion on an article he read in Smart Money Magazine.
The story essentially describes the falling housing market as a risky, but potentially good, investment. In particular it lists the Twin Cities … (1 comments)
|
minneapolis real estate market: My 15 minutes of fame - I'm in the news! - 09/05/07 12:25 PM
I guess Andy Worhal was right when he said, "In the future everyone will be famous for fifteen minutes"
But, in my case, it was more like 15 seconds.
KSTP asked Pat Paulson, another GreatMinneapolis agent, to help with a story on the condo market. They interview Pat Paulson at our office, and … (0 comments)
|
minneapolis real estate market: Loving the Market: Stocking-up on Real Estate - 08/28/07 10:31 AM
Lot's of people ask me why I'm so bullish on real estate right now. I sing the praises of this period constantly. I think it's great. It's like I've been given an unlimited gas card. Or a lifetime supply of my favorite indulgence!
But, most of my friends are surprised by my feelings. Not … (1 comments)
|
minneapolis real estate market: Minneapolis Votes to Restrict New Construction & Remodeling - 07/02/07 10:28 AM
In an effort that would appear misguided at first glance Minneapolis City Council voted June 29th to restrict the size and scale of new construction and remodeling. The unanimous vote seeks to address concerns over so called "Monster Houses" a.k.a "McMansions". While the concerns are highly warranted in many cases, the … (0 comments)
|
minneapolis real estate market: Finding Hot Micro-Markets - 06/21/07 02:17 PM
Finding holes in the line of scrimmage is what made Walter Payton the best running back in history.
Finding holes in the Buyers Market is how I hope to survive the next 5 years.
There are some very hot areas in the Minneapolis market, despite the dismal news reports, and the overall … (1 comments)
|
;)
Links;)
Archives
