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hennepin county real estate: No Way You Paid That - 04/14/08 05:04 PM
On a beautiful Minnesota Saturday, several years from now, two people will be standing on a deck.  Maybe it's in Maple Grove, or Plymouth, or Champlin or Brooklyn Park.  One person comments on how nice the others home is and the other leans in and just above a whisper tells their friend what they paid for it.  Their face shows a twinge of guilt mixed in with their very visible pride in deal-making.
The deals that are out there right now on builder spec homes, lots, and foreclosed properties are a once in twenty years opportunity.  I have shown a bunch of … (0 comments)

hennepin county real estate: Please Help With an Ethical Question... Thanks - 03/11/08 01:58 PM
Active Rainers, I need some help and I know you are the group to ask.  I have a situation I have not seen before that seems unfair at the least an unethical at the worst.  I would appreciate your response as I have decisions to make.
So here is the deal.  My client goes to a listed builders model.  They tell the agent they are working with me.  They do not like the model but do like a lot in the development.  Here is where it gets interesting.  The lot is not listed on the MLS, the client puts a hold on … (3 comments)

hennepin county real estate: Maple Grove Real Estate Shows Mixed Results for January - 03/01/08 09:26 PM
January was a slow month across most of Hennepin County.  Maple Grove, however, showed signs of shrinking choice for buyers.  New listings fell by 8 units versus last January.  Combined with an increase in closed sales over last January of 10 units to 56 total closed may will result in a decrease in inventory.  This is good news for sellers in this high demand area.  This came at a price, however, as average sale price declined by 10% month over month.  Average days on the market until sale increased to 162, 20 days higher than January 2006.  All and all inventory … (0 comments)

hennepin county real estate: I've Been Googled! - 02/11/08 02:24 PM
Don't worry it did'nt even hurt.  In fact, it was a terrific shot in the arm.  Those of you wondering about the time you spend on Active Rain and struggling to see how it can benefit you, read on.
I work hard to stay in touch with my clients.  Still things happen.  I showed a nice young couple of first time buyers several houses last summer.  Timing wasn't right and they decided to go to the sidelines for a while. I had a home address and a cell phone number in my data base.  So I diligently sent out my newsletter and hoped they would … (14 comments)

hennepin county real estate: Maybe This is the New Market - 12/31/07 11:07 AM
Those of you waiting for the Minnesota real estate market to return to the activity levels of 2002 through early 2005 may want to pick another post.  I attended a very informative information session put on by our Countrywide Mortgage regional vice president. I had been beating my brains out trying to figure out how it all got so overheated and why the brakes got hit like Fred Flintstone shoving his feet through the floor. 
My answer, came in two words, Wall Street.  Do yourself a favor and check out how much money exited the dot com sector after the late … (6 comments)

hennepin county real estate: Coach Boom's Hennepin County Real Estate Reports, Plymouth-Nov. 2007 - 12/28/07 09:25 AM
                                     New listings-127 for November 2007 versus 118 for November 2006, 1872 year to date versus 2045 year to date 2006.  Overall decrease of 173 houses listed in Plymouth this year versus last.
Closed sales-59 homes closed in November this year versus 72 in November last year.  Year to date closed sales finished the month at 775 units this year versus 952 in 2006. 
Average sale price increased from $322,475 to $330,090 year over year.  This indicates two things.  First, there is not as much new construction inventory in Plymouth.  Second, it is a stable, healthy area.
Percentage of list price received at … (0 comments)

hennepin county real estate: Coach Boom's Hennepin County Market Reports- St. Louis Park, Nov 2006 - 12/21/07 09:54 AM
The figures are in for St. Louis Park real estate activity for November, 2006.  New listings were down by 19 units for the month and 5 units for the year.  Closed sales were off by 6 units for the month and 124 units for the year.  Average sale price came in at $262,079 for November 2007, down from $272,796 in November 2006.  Average sales price for the year stand at $254,749, up $1,560 over last year.  Percentage of list price received at sale stands at 95.4% for the year, down from 97.2% last year.  Average days on the market until sale, … (1 comments)

 

Tim Ross

Champlin, MN

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Re/Max Associates Plus

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