mplsstpaul housing market: What is a Lowball offer in a Hot Real Estate Market? - 04/23/15 02:46 AM
 
In a hot real estate market, what initial offer can insulting to a home seller? 10% less than asking? 5% less? A full priced offer with 3% of buyer's closing costs paid by the seller?
When housing inventory is as tight as it is currently in many north and east Minneapolis/St. Paul metro communities, what is considered a "lowball offer" might be less than you think.
 
As a REALTOR®, I have seen my share of sellers who were insulted by a buyer’s offer over the years. There are times when anything less than a full priced offer is insulting. But should a … (33 comments)

mplsstpaul housing market: Snapshot of Home Sales Statistics in Blaine MN Year End 2014 - 03/05/15 05:22 AM

The real estate market continues to show a strong improvement in Blaine, Minnesota. There is a significant increase in new listings and average price of a home sold in 2014 over 2013. Almost all of Blaine’s lender mediated foreclosure/short sale homes have worked their way through the system and once again, higher valued new construction is having a positive effect on the average sales price. The average price per square foot has increased another 8% from $107/sq ft to $116/sq ft. This is significantly higher as it was under $90 just a few years back. Closed sales have stayed relatively stable … (0 comments)

mplsstpaul housing market: Snapshot of Home Sales Statistics in Hugo, MN Year End 2014 - 02/25/15 04:54 AM
 
   
  The housing market in Hugo, Minnesota has remained steady. This north metro Washington County just outside of White Bear Lake saw a drop in new listings and closed sales in 2014 but that doesn’t mean there wasn’t a demand for homes. Housing inventory could the reason the average sales price rose again for the third consecutive year to over $237,000. The amount sellers are receiving on sales is close to asking at 96.7% which is slightly down from 2013 but still one of the highest ratios for communities in the north and east metro area. The average … (0 comments)

mplsstpaul housing market: Snapshot of Home Sales Statistics in Forest Lake, MN Year End 2014 - 02/24/15 06:41 AM
 
 
   
The housing market in Forest Lake has continued to stabilize and become stronger than in the past few years. New listings were down slightly which is similar to many communities. There just is a lack of inventory across the board which is one of the reasons for the significant decline in closed sales. The low inventory continued to drive prices up nearly 17% over the average price in 2013. The average sales price was over $250,000 which is quite significant as it was well under $200,000 just a few years ago. Days on market in 2012 were … (2 comments)

 
Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty)

Teri Eckholm

REALTOR Serving Mpls/St Paul North & East Metro

White Bear Lake, MN

More about me…

Boardman Realty

Address: 213 E 4th Street, 4th Floor #426, St Paul, MN, 55101

Mobile: (651) 336-7073

Email Me

Theresa "Teri" Eckholm/Boardman Realty assists Minnesotans to find their way home with helpful tips and quality service. Dedication to customer service has made Teri the REALTOR® of choice for families in Blaine, Forest Lake, Ham Lake, Lino Lakes and Wyoming areas. Licensed in MN.










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