Year Over Year Permit Fees Take Huge Jump
According to information reported in the Dakota County Tribune, Lakeville building permits for the month of January were for a total valuation of just over $6.6 million, compared to about $2 million in January, 2011. Most of the increase was in single family homes, and that adds support to the sentiment that we may be beyond the bottom of the housing depression.
Sold homes data also suggests that we are rapidly exiting the worst of the housing depression in Lakeville. According to the Regional Multiple Listing Service of Minnesota, there were 55 January closed residential sales in Lakeville, which compares to 37 in 2011. With a year over year increase of almost 50% in January, it's hard to imagine anything but good days ahead for the housing market.
For anyone considering buying a home in Lakeville or the surrounding area, it is time to take action. Even if there are no price increases and reasonable listing inventory, there is only one best buy in Lakeville. Miss it and settle for second best. If you're thinking about declaring your independence from Mr. Landlord, now is the time to act. Call me for help and a free homebuyer orientation and strategy session. It's the best hour you could invest in your future. Call now.