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new construction: Significant Sale in Southwest New Construction Real Estate Market - 09/11/11 03:57 PM
Here is a significant home sale that just closed. If you are following new construction in St. Louis Park, Southwest Minneapolis, or Edina, this home represents a great value and sets something of a benchmark. This new construction home just sold for $683,000 with with 5 bed, 4 bath and 3,352 total finished sq. ft. (2,288 above ground). It is located St. Louis Park, Browndale Neighborhood, and sits right across the street from Browndale Park. I've toured this home and thought it was a very nice home. It lacks much of the detail found in more expensive homes but, given the … (2 comments)
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new construction: The REAL shift: New Construction in Nice Urban Neighborhoods | Teardowns and Whole House Remodeling - 05/19/09 12:06 PM
A shift has taken place in our real estate market. Not the shift you might be thinking. Today’s urban neighborhoods are being redeveloped as older homes succumb to new construction and whole house remodels. This trend radically changes the buying and selling dynamic, as land and structure values must now be valued independently. This change effect all buyers and sellers regardless of price rangeand the key to makeing a smart real estate decession is understanding the trends, patters, and pricing in these areas.
It’s no surprise this trend has taken root. For years now, good schools, safety, low taxes, commute times, … (0 comments)
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new construction: The New New Construction Crazy and How YOU Can Take Advantage Of It - 04/07/09 01:53 PM
New construction in urban neighborhoods is a hot, hot, trend and I predict will continue to be for many years. Social and economic forces are driving buyers into the city, into the best first ring suburbs and city neighborhoods. New construction, or “like new” remodels are finding a very warm reception this spring, as long as they are priced according to neighborhood price ceilings and offering the appropriate features and amenities for the area.
Don’t confuse these homes with the existing inventory of new construction sitting on the market, nor with new homes in 2nd and 3rd ring suburbs. I tour … (0 comments)
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new construction: Spcetacular New Home For Sale | Glen Lake Area Minnetonka, MN | 14724 Glendale Road - 02/27/09 01:03 PM
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new construction: Profiting in today’s Real Estate Market - 02/25/09 09:39 PM
Our most desirable neighborhoods are at a cross roads. And home buyers and sellers can take advantage of it.
Our "best" neighborhoods are feeling growing pains, caught between preservation & modernism, keeping things as they were & market forces. As our population grows, the number of people in the upper 20-25% of income grows (this group is actually growing faster than the population as a whole). The size of our "best" neighborhoods grows as a direct result.
Areas once considered "above average" are increasingly being assimilated into the "best" areas as more and more upper income families enter the market. It's … (0 comments)
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new construction: 5 Things for Brad Pitt's "Pink" Homes: My Favorite "Green" Building - 12/11/07 11:16 AM
So Brad Pitt is building green homes in New Orleans Lower 9th Ward. Good for him. I just hope Brad's smart enough to use proven effective, and MARKETABLE green building and not just "green washing" these new homes. In my opinion, there are a few very un-sexy things we could be doing that would dramatically improve the "greenness" of homes, but we all to often over look these when we sell the idea of "green".
Brad must consider the resale and market for eco-friendly improvements. All too often early adopters outfit their homes with non-marketable green improvements hurting their resale. Given … (4 comments)
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new construction: 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 concern would be that this effort further hurts a slow housing market, and drives investment capital to less restrictive areas, like Edina and St. Louis Park.
The bill authored by Ward 13 Council Member Betsy Hodges basically restricts the overall size of what can be built on a city lot.
While it … (0 comments)
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new construction: New construction in historic urban neighborhoods - 07/01/07 09:11 PM
From 1900-1940 people lived, for the most part in close quarters, families members constantly interacting, in homes with just a few rooms. The first suburbs were built around this ethic as well, middle class homes from 1945-1960 were small, by today's standards. These "first ring" suburbs, as they have come to be know in many US cities, were built quickly, using the mass production methods developed durring WWII.
As lifestyles changed, and the ‘burbs expanded builders opened up the scale and size of their homes. A shift occurred in the 70's and 80's homes with 3-4 bathrooms appeared, foundations expanded and lot size … (2 comments)
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new construction: Tear Downs, In-Fill and Monster Houses Oh My! - 06/18/07 10:10 PM
Replacement Housing: The Changing Face of Historic Urban Neighborhoods
There is a trend occurring in my marketplace (Minneapolis), older homes in desirable areas are being torn down and rebuilt. A good portion of the ageing housing stock is literally being replaced before our eyes.
This change is both frightening and exciting, and it's become a political football.
Are the rest of you seeing this trend, and how are you adapting? What's your take, is it a positive or negative for your area?
The trend is both good and bad. Opponents argue that the most affordable properties are replaced with "McMansions" only the uber rich … (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
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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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