Fifty percent more buyers signed purchase agreements this March than a year ago. Purchases of short sale listings increased by 76%, and traditional sales by 55%. However, fewer lender-owned homes were sold, by 26%. More details in the video.
It’s time to get started – call me today! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at or by email. Visit my website to search homes for sale in the Twin Cities and surrounding … (0 comments)
Twin Cities Weekly Market Activity As of April 18, 2010
2010 2009 % Change New Listings 2,527 1,709 +47.9% Active Listings 26,803 26,210 +2.3% Pending Sales 1,084 1,046 +3.6% Days on Market until Sale 130 150 -13.7% Percent of Original Price Received at Sale 94.0% 91.5% +2.7% Supply-Demand Ratio (# homes /buyer) 4.39 5.02 -12.6% Months Supply of Inventory … (0 comments)
Wordless Wednesday… Spring stormy clouds moved in this evening over Richfield Parks. Rain showers brought the necessary and long awaited moisture.
Contact me for a FREE detailed MARKET ANALYSIS of your home, Or for FREE comprehensive RELOCATION PACKET. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 or by email. Visit my website to search homes for sale … (9 comments)
This is my first milestone on Active Rain. Reaching 100,000 points has been a great journey. I am thrilled to be here, to serve my clients, to be among so many friends. And, I feel truly blessed to be where I am in my life!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 or by email. Visit my website to search homes for sale in the Twin Cities and surrounding areas. Disclaimer: The information provided herein … (8 comments)
Twin Cities Weekly Market Activity As of April 4, 2010
2010 2009 % Change New Listings 2,240 1,731 +29.4% Active Listings 25,122 26,064 -3.6% Pending Sales 1,049 922 +13.8% Days on Market until Sale 142 157 -9.7% Percent of Original Price Received at Sale 92.3% 89.3% +3.4% Supply-Demand Ratio (# homes /buyer) 5.39 5.79 -6.9% Months Supply of Inventory … (2 comments)
Twin Cities Weekly Market Activity As of March 29, 2010
2010 2009 % Change New Listings 2,277 1,768 +28.8% Active Listings 25,122 26,064 -3.6% Pending Sales 950 862 +10.2% Days on Market until Sale 142 157 -9.7% Percent of Original Price Received at Sale 92.3% 89.3% +3.4% Supply-Demand Ratio (# homes /buyer) 5.39 5.79 -6.9% Months Supply of Inventory … (7 comments)
The largest Richfield MN park is Wood Lake Nature Center located at 6710 Lake Shore Drive. Covering 150 acres of land, Wood Lake offers 3 miles of peaceful walking paths right in the middle of the city and a shelter. The Nature Center performs a very important role in educating people about local wild life, especially educating students of Richfield schools Students enjoy 2-3 field trips a year to Wood Lake, learn about changes in nature throughout the year, and how animals survive, and what are things to … (3 comments)
Look no further! Newly updated 2 bedroom Richfield home, side x side unit: picture window in living room, new windows throughout, newly refinished hardwood floors, newer appliances, kitchen with lots of storage, including a pantry. Unfinished full basement for additional use, in-unit laundry with newer washer and dryer. Newly insulated, new high efficiency furnace and central air, new 6-panel exterior doors, garage included in monthly rent. Private driveway. Patio. Fenced-in yard. Quiet Richfield MN location. Residential Richfield MN neighborhood. Among all Twin Cities rentals, or Minneapolis rental, this is … (1 comments)
Twin Cities real estate market is heating up. Buyers are coming to open houses looking to make offers. Many of them have taken the right steps that include a home loan pre-approval and seeking a representation by a Realtor. Sellers with their Twin Cities homes for sale anxiously await offers so they can go out and shop for their new home. This market is getting very exciting.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in … (0 comments)
HUD Acquired homes in the Twin Cities Featured new listings – bids due March 26 or March 28, 2010 Only HUD registered brokers are allowed to submit bids on behalf of buyers.
Call or email me TODAY for a private showing.
Apple Valley HUD acquired home 13159 Ferris Ct, Apple Valley, MN 55124 Single family home, 2 bedrooms, 1 bath, 975 sq ft, $165,000 Bids due: March 26, 2010
One of my buyer couples purchased a home today. It wasn’t their first time they made an offer. As a matter of fact, they wrote one two weeks ago on a bank-owned property. Soon we found out we were in a multiple offer situation. Even though we had an opportunity to raise our offer (which we did), we still lost. (they really liked the house!!) Second time around, it was a HUD owned property – very nice, it hardly needed anything, other than new carpeting in the basement. So, we submitted a bid, and… we lost it. We tried … (7 comments)
Richfield MN Home Sellers: Point-of-Sale Inspections Mandatory The current Richfield MN city code requires that residential properties pass a housing maintenance code inspection (Point-of-Sale) before they are sold. Houses that pass inspection are issued a “Certificate of Compliance” which is required before closing. Richfield Point-of-Sale inspections are required in order to maintain the quality of Richfield’s housing and neighborhoods. The inspector visually checks the condition of the roof, foundation, doors, and windows, exterior paint or covering, electrical system, plumbing system, chimney, and heating/cooling system. A written report of Point-of-Sale … (0 comments)
HUD acquired homes in the Twin Cities Minnesota Featured new listings – bids due March 21, 2010 Only HUD registered brokers are allowed to submit bids on behalf of buyers.
Apple Valley: 15270 Flower Way, Apple Way, MN 55124 Townhome, 2 bedrooms, 2 baths, 1,365 sq ft, $139,000
Hopkins: 218 11th Avenue South, Hopkins, MN 55343 Single family home, 3 bedrooms, 2 baths, 1,248 sq ft, $180,000
If you are facing foreclosure, or a short sale (which means that you owe more that your home is worth), and have to sell, be sure you hire a short sale specialist. Your listing agent should have the skills and tools to represent you and your situation legally, correctly, and to ensure a highest possible chance of closing the sale. There are many Realtors® who think that their experience in traditional sales is sufficient to successfully help you in your short sale or foreclosure. It’s not necessary the case. Read this post by my … (4 comments)
Twin Cities Real Estate Market Update: "The Skinny" for February 2010
Twin Cities home sales slowed slightly in January, but they are back up in February thanks to several factors: Federal Tax credit that’s been extended and expanded, low interest rates, and traditional spring market. Realtors® throughout the area are reporting an increased open house activity. Watch this month's update from the Minneapolis Area Association of Realtors®.
If you are relocating to the Twin Cities, contact me for a FREE comprehensive RELOCATION PACKET. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, … (2 comments)
2010 2009 % Change New Listings 1,848 1,780 +3.8% Active Listings 21,795 25,537 -14.7% Pending Sales 780 745 +4.7 Days on Market until Sale 135 146 -7.8% Percent of Original Price Received at Sale 92.8% 89.5% +3.7% Supply-Demand Ratio (# homes /buyer) 6.99 7.64 -8.5% Months Supply of Inventory 5.50 7.70 -28.6%
Warm wishes of a safe, healthy and happy Christmas holiday. May this holiday season be one filled with joy and beautiful memories of gathering with family and friends . If you are relocating to the Twin Cities, contact me for a FREE comprehensive RELOCATION PACKET. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at If you prefer, contact me by email, by clicking on "email me"; link of this page under my profile. Visit my website to … (6 comments)
Twin Cities home sales still remain brisk in the lower price ranges. The new listing inventory for November was down again over last year numbers by 7.4%, and by 24.0% over the last two years. There is much less competition in the traditional seller category than in the short sale and bank owned listing offerings. Pending sales are up by 10.2% over November 2008, and by 14.2% over November 2007. It's a significant increase in Twin Cities homes sales, and it confirms strenthening of the market in our … (0 comments)
Twin Cities home sales are brisk in the lower price ranges. We are not observing a typical holiday slow down. Hopefully, sellers in higher price brackets will soon get in on the action! Watch this month's update from the Minneapolis Area Association of Realtors.
If you are relocating to the Twin Cities, contact me for a FREE comprehensive RELOCATION PACKET. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Contact Marzena M. Melby, GRI, CDPE, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at If you prefer, … (4 comments)
SW Minneapolis MN real estate market has been quite brisk this month. There have been 120 new listings during October, that’s 12.1% increase over October 2008. However, the year to date number was 0.2% lower than in 2008. That is consistent with the lower overall listing activity this year in comparison with last year in the Twin Cities area.
Low interest rates and the stimulus buyer tax credit helped boost sales, especially in lower price ranges. There were 72 closed home sales in last, a … (0 comments)
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