waconia real estate: Forbes Names Minneapolis Area as One of Best Places to Buy Instead of Rent
- 01/31/10 11:13 AM
Forbes.com gave the 10 best metro areas to go from renting to buying. As most people know, the first time homeowners tax credit is still available and interest rates are at historically low levels. However, Forbes states some cities stand out more than others as places to purchase your home now. In the Minneapolis area, they state "the premium to buy--the spread between what you'd spend on renting and what you'd pay each month for a mortgage--is far narrower now than its 15-year average." It is also predicted to have a price hike in roughly five years, making the value of your property … (2 comments)
waconia real estate: Waconia Market Snapshot: New Listings and Sales for January
- 01/26/10 06:04 AM
Activity is picking up with more new listings and more recent sales in the entire Twin Cities area. According to the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC for the week ending January 16 there were 571 signed purchase agreements, up 4.0 percent from a year ago. New listings were 8.3 percent higher than a year ago at 1,668. The number of homes listed so far this year in Waconia (1/1/2010-1/25/2010) is 38. The median list price is $235,300. The average list price is $265,522. The total number of active single family homes on the market in Waconia is 109 with the … (0 comments)
waconia real estate: Waconia Real Estate Market - 2009 Year End Review
- 01/17/10 02:42 PM
The Waconia real estate market, like all other areas, had a decrease in sales and prices of homes. Below is a look at year 2009 in the Waconia area, as well as surrounding cities. This is based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC. Year End 2009 Median Sales Price
The first week of January showed a surge upward in activity, but this was expected after the slowdown during the holidays. New listings rose to 688 for the week while pending sales posted a number of 378. Housing Affordability continues at historic levels but the months supply … (0 comments)
waconia real estate: Market Activity for Twin Cities Minnesota
- 12/14/09 02:20 PM
According to the Minneapolis Association of Realtors, pending home sales in the Twin Cities increased the week ending December 9th. However this is almost 8% less than the number of pending home sales this time last year. MAR cites the tax credit's initial expiration date combined with typical holiday slowdown. Other statistics provided by MAR include: November median sales price of $170,000 was a slight increase from October Median sales price of traditional homes (excluding foreclosures and short sales) in November was $190,000 which was slight decrease Foreclosures posted a November figure of $127,500, up 2.0 percent from a year ago … (0 comments)
Forbes.com gave the 10 best metro areas to go from renting to buying. As most people know, the first time homeowners tax credit is still available and interest rates are at historically low levels. However, Forbes states some cities stand out more than others as places to purchase your home now. In the Minneapolis area, they state "the premium to buy--the spread between what you'd spend on renting and what you'd pay each month for a mortgage--is far narrower now than its 15-year average." It is also predicted to have a price hike in roughly five years, making the value of your property … (2 comments)
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