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Archive for the ‘Realtor Edina’ Category

Low Inventory Going Into the Minneapolis Spring Housing Market

Wednesday, January 18th, 2012

Currently as I write this, we have about a 5.5 month inventory in our current market. 5 months or less constitutes a seller’s market, 6 months or more constitutes a buyer’s market. We’re in between both.

I know from my own buyer’s, as well as the feedback from many other agents, as well as looking at the market (agent access to MLS data, along with the large amount of showings I do), that our market is in serious need of good listings.

There are still quite a few listings on the market which have not yet sold, but this is usually a pricing, presentation and marketing issue.

The fact is, our local inventory is down, significantly, over the past year, and there are plenty of buyers locked and loaded at our great rates, waiting for the right home.

My advice to those with a good home: put it on the market this spring. If it is priced moderately well, is dialed-in (needs very little work) and it is marketed right, I firmly believe it will sell quite successfully.

December 2011 Minneapolis Area Association of Realtors Market Update

Wednesday, January 18th, 2012

Minneapolis & St. Paul Housing Market Update June 2011 per MAAR

Friday, June 24th, 2011

Humor-Time: The Minneapolis Metro Realtor Formerly Known As Chuck Norris

Wednesday, July 14th, 2010

Well, so far, I’ve been lucky with regard to graffiti and my public advertising. However, now that has changed, and the bar has been set quite high. Even Cotty Lowry would appreciate this one.

Yesterday, I received a text from a friend of mine who lives in Linden Hills who told me one of my bus-bench ads ‘grew a beard…Chuck Norris-style’ – I laughed and assumed it was the typical black-marker beard job, and thus called my sales rep at US Bench. He said ‘no problem’.

Well, last eve when I took my kids to Dairy Queen on 50th, I decided to drive by the 49 1/2 and France bus-bench to see what I would look  like with a beard. What I did not realize was that my friend meant ‘Chuck Norris-style’ quite literally.

Somebody actually took the time to print-out Chuck’s head – to-scale – and put it on my body, with a very permanent adhesive/glue.

I’ve gotten quite a few calls/emails/texts since yesterday. This has been good for quite a few laughs. Not too bad. Once my rep at US Bench found out the permanence of this one, (understandably) he was not too happy.Zeb Haney A as Chuck Norris

Just Listed $219,900 – 2650 University Ave #210- Metro Lofts, St. Paul

Friday, June 18th, 2010

Just listed: this 2 bedroom, 2 bath condominium with 1 underground parking stall (in the best/convenient) location in the garage, in St. Paul, near the U of M, has it all. 2 bedrooms, 2 baths, 1 heated underground garage space with 1,176 finished square feet. Location X3, in a building filled with professionals and grad students. The floor-plan is very smart, this unit is in excellent shape, along with great views. Also attached to the building is a Snap Fitness as well as a Dunn Brothers Coffee, on University Avenue. Another convenient aspect of this condo is its proximity to public transportation, regular city life (parks, restaurants and cafes) and much more.
To view all details on this property, please click here.
1 Front 2650 University4 Kitchen 2650 University

Edina Housing Market February Update

Sunday, February 21st, 2010

The January 2010 stats are in. Read this link to see how January 2010 compared to January 2009, and how 2010 compares to 2009, so far, for home sales in Edina. At this point, the average days on market until a sale has increased, from 126 to 148. The percent of list price received until a sale has also decreased, from 92% to 90.7%. Also, new listings are up from last year, from 89 to 107. Lastly, the data is limited: the stats for 2010 are (obviously)  only for 1 month so far.
See the Minneapolis Association of Area Realtors Stats here.

Twin Cities Market is Heating up: Pre-Lists for Southwest Minneapolis & Edina

Wednesday, February 10th, 2010

Buyer activity is increasing, showings are up, and my own buyers and sellers are all now gearing up as well.

Pre-lists (homes coming on the market): 2 in Edina, priced between $400K, and $600K, and 3 in Southwest Minneapolis – Linden Hills and Fulton neighborhoods, priced between $300K and $800K. Most of these sellers are open to pre-list showings, so if you’d like to see any of these homes before they go on the market, please call or email.

Now that the super bowl is cleared, February is here, and all we need are a couple of 40-degree days. Those are the factors that traditionally bring about the ‘spring housing market’ in the Minneapolis/St. Paul area.

Morgan Stanley’s Current State of the National Housing Market, December 2009

Thursday, December 3rd, 2009

This article – posted on Morgan Stanley’s investor website – is perhaps the most succinct analysis of the current state of the national housing market that I have read, in a while.

It breaks down and explains – with references and analysis – the primary areas of concern. While some of these areas are not anything new, Richard Berner (author) does a great job of pointing out the housing risks as well as the strong points through the end of 2009 and what to expect coming into 2010.

He warns of payback from the home-buyer tax credit (with scant reference to a smaller, similar situation back in 1975), rising unemployment, possible looming foreclosures being dumped on the market (shadow inventory), and builders competing with the current, sizable inventory of distressed properties.

However, on the positive side, rates are still low, affordability is much better and still improving, and inventory (although still higher than we’d like to see) is still trending lower, which is great.

More Details on Homebuyer $8,000 and $6,500 Tax Credit

Sunday, November 22nd, 2009

Please click here to see full details.

Minneapolis Housing Market Update, Tax Credit Extension & $6,500 2nd-time Homebuyer Info

Wednesday, November 18th, 2009