Real Estate Blog in St Cloud, MN - Archives March, 2009

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Home : Blogs : Jason Tangen : Real Estate Blog in St Cloud, MN : Archives March, 2009

Tangen Report - Central Minnesota Real Estate Sales 4th Quarter 2008 - 03/07/09 10:27 AM

Originally posted at www.StCloudEdina.com/blog on January 28th, 2009:

A couple of big things should stand out to home owners as we bid adieu to 2008.
1) Median and average home prices did drop about 12% in the St Cloud area for 2008.
2) Homes are still selling at a pretty good rate. In some areas, we saw good increases in units sold.
Click on the file below to see the overall real estate sales statistics for St Cloud, Waite Park, Sartell, and Sauk Rapids Minnesota. Please note that this file is intended for personal knowledge. If you are planning on using any … (0 comments)

St Cloud MLS Tops 400 Foreclosed Listings - 03/07/09 10:24 AM

Originally posted at http://StCloudEdina.com/blog on 01/26/2009:
Whew. I noticed late tonight that the total number of active and pending foreclosed properties on the St Cloud MLS. That is a huge increase from roughly 200 that we had at the start of 2008.
This surplus of foreclosed properties is making for some phenomenal buys! For example: I had one buyer just pick up a 6 BR, 4 BA two story home in Sartell's "The Wilds" development for just over $180K. Crazy.
So go ahead and take a look. With interest rates floating around the 5.5% range, this might be the perfect time to buy. I can't guarantee … (0 comments)

If your home isn't appreciating, can your mortgage? - 03/07/09 10:20 AM

A big thank you to Mark Timpane at Edina Realty Mortgage for putting this to print:

Thinking about refinancing into another conventional? There might be another option for you. Fast forward three to five years from now. The real estate market correction will be behind us and you decide that now is the time to move onto a newer home. But what if rates are at 6.5 % or more and your home is valued at or a little higher than you bought it. Is there an option that can make you home more attractive? If you refinanced today with … (0 comments)

Central Minnesota Commission Going Up in Tough Times - 03/07/09 10:18 AM

Originally posted at www.StCloudEdina.com/blog on January 9th, 2009:
I am wrapping up some of the initial numbers for the real estate sales from the St Cloud MLS and one stat jumped out at me recently. It looks like the average payout that home sellers are willing to give to an agent who finds them a buyer (Compensation to Buyer's Broker) has gone up quite substantially in the past few years.
According to the St Cloud MLS, commissions paid to a Buyer's Broker for a real estate transaction have gone up 15% in the last 4 years.
What does that mean? People … (0 comments)

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Jason Tangen

Saint Cloud, MN

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Edina Realty

Cell Phone: (320) 492-2667

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