Great Reasons to Relocate to the Twin Cities
Recently someone asked me why I loved living in Minnesota. It’s a question I ask myself every winter, and last night as the snow gently fell outside my window, I sat nestled in front of the fire and counted the reasons I feel lucky I live here.
A good read if you are considering relocating to the Twin Cities
Minnesota is healthy
US News Money rated St. Paul the #1 city for healthcare in American. Kaiser Health News said Twin City area residents are enjoying the best bargains in insurance premiums. Forbes awarded Minneapolis top honors as the healthiest city in the nation. According to Forbes, “If you live in Minneapolis-St. Paul, you and your neighbors are less likely to have cardiovascular disease, diabetes, and asthma and are more likely to be in excellent or very good health.”
Minnesotans Are Fit
We have acres of open spaces and miles of trails so you see people walking and biking everywhere. In the Twin Cities metro area, a high percentage of area is parkland, featuring ball fields, tennis courts, playgrounds, dog parks, golf courses and recreation centers. During our notoriously cold winters, area citizens maintain their commitment to fitness and exercise by skiing, ice-skating,...
Buying vs Renting in Mpls and St. Paul, MN
Are you currently a renter in the Twin Cities who is thinking about buying a home but still apprehensive about making that move? A home is the single largest purchase you will probably make in your life and I applaud you for your careful consideration, that’s a good thing. In addition, maintaining a house is a large responsibility and you need to determine if you are ready to take that on. If cutting the lawn and cleaning the gutters is more than you want to deal with, perhaps a condo or townhouse is a good option for you. Let's take a look at a few good reasons which might make you decide to turn you the renter, into you the proud home owner!
Downside of Renting in The Twin Cities, MN
Experience has taught me that the quality of your rental experience is largely based on your neighbors above, below and on either side of you. If they are inconsiderate and unmindful that they are living in a community where loud music, unruly children, slammed doors, and late night parties will have a detrimental effect on the peace and sanity of their fellow tenants then you are in for an experience resembling the Mad Hatter’s Tea Party. You may be unlucky and rent from an apathetic landlord who is slow to respond to maintenance requests or perhaps one only interested in temporary fixes while you, the...
Buying a Home in Wayzata, MN
In 2012 I bought and renovated a home in the Far Hill Neighborhood of Wayzata Minnesota and it was the best decision I ever made. My family and I moved from Southwest Minneapolis and after 5 years of enjoying the small town feel of Wayzata we are looking forward to 50 more. Wayzata has everything we want in a City and more. Although it is challenging to find a home for sale in Wayzata MN it is worth the effort.
The City of Wayzata
Wayzata is a jewel, a charming lakeside village located on the northeast tip of Lake Minnetonka, overlooking the sparkling blue waters of Wayzata Bay. The land mass is 3.08 square miles and water covers a .08 square mile area, population according to the 2000 census is 4113, median home price as of January 2014 is 449,700 up 8.1% from the previous year according to Zillow.
1. Access to the Metro
Want to see a play at the Guthrie or catch a game at Target Field just hop on Interstate 394 and head west 12 miles to downtown Minneapolis. Perhaps the latest art exhibit at the Walker Institute is on the docket or a concert at the Lake Harriet Band Shell. No problem because it is a 12-mile ride to Uptown as well.
2. Local Shopping
Wayzata boasts excellent local shopping with a thriving retail center featuring dozens of high-quality retail shops featuring fashions, art, and antiques. Need groceries? There is a Lunds on Wayzata Boulevard, a Trader Joe’s in nearby Minnetonka, and Cub in nearby Plymouth. Ridgedale Shopping Center is a mere 2-mile jaunt offering a plethora...
Twin Cities Housing Market Statistics November 2016
Here we are almost at year’s end and wrapping up on the Twin Cities Housing Market that tells one consistent story. It’s about fewer and fewer homes for sale spending a shorter time on the market and selling for higher prices. A market that favors the seller has been the dominant theme throughout this year. A deeper dive into the numbers for November give us a clear picture of the market trend.
Prices of homes continue on an upward trajectory with a 5.8% increase in the median sales price over last year. Closed sales topped out at a 25.2% increase and inventory dropped a whopping 22.8%. Due to volatility in financial markets responding to the results of the presidential election, the long awaited increase in interest rates happened before the expected Fed increase of last week, which boosted the mortgage interest rate in the Twin Cities to 4.25% with the expectation that rates will continue their upward climb in 2017.
While employment numbers and job creation have remained strong since August 2015, the long-term indicators of what effect the new administration will have on the housing market remain someone cloudy. With a raise in rates, we might very likely see a decrease in first time home buyers that will be able to purchase a home, which may result in a more balanced market in the coming year.
Buying A Home In Minnetonka, MN
Minnetonka is a dynamic city located on the eastern tip of Lake Minnetonka. The land mass is 26.93 square miles, water covers a 1.29 square mile area, population according to the 2010 census is 49,734, median home price as of April 2015 is $306,100 and expected to rise 0.9% within the next year according to Zillow. It is a great place to live, work and raise a family. Here are my top 9 reasons to consider buying a home in Minnetonka.
Minnetonka Homes Have Great Metro Access
A location 8 miles west of Minneapolis makes commuting to the city for work or play a snap. Whether your intent is to explore the uptown or downtown options, less than 20 minutes finds you there! Families relocating to Minnesota often find themselves being encouraged by their Realtor, Co-Workers, and Relocation Director, to look at homes for sale in Minnetonka.
Twin Cities Metro Housing Statistics September 2016
Summer is yesterday and we are immersed in the second best season for real estate, fall. The theme of the story is pretty much the same: Ardent buyers with sellers still playing it coy. Let’s take a look at the numbers for September and see how they shook out here in the Twin Cities metro.
Market snapshot in one sentence: Job and wage growth coupled with rising rents and attractive interest rates are doing more to inspire buyers than rising property values and shorter time on the market seem to be doing to inspire sellers as the market continues to struggle with inadequate inventory.
Let’s take a deeper dive into the month of September 2016 real estate market statistics in comparison to the same time last year. *
Quick Twin Cities Housing Stats for September
It's October and Fall is Happening
Fall is in the air and summer is now officially a memory. For those of you still in mourning about the transition, deal with it. For those of you that love the sights, sounds and smells of autumn, it’s your time. The Twin Cities right now is about football and homecoming celebrations. Food blogs are featuring soups, stews, and slow cooker recipes. Desserts are apple and pumpkin everything!
Temperatures are definitely cooler. The pools are closed down for the season, the trees are turning beautiful shades of gold and orange, and flip flops and shorts have been abandoned for jeans and sweaters. The sun seems to leave a bronze glow on everything it touches and the chill in the morning air lingers through the afternoon and gets downright cold by sundown.
I'm sure you have planned some of your leisure hours, but in case you have some openings on your calendar for this month, let’s take a look at what is noteworthy in the Twin Cities Metro for October.
For a Spooktacular...
Selling Homes in the Twin Cities Area of Minnesota
The spring and summer housing market is behind us, but as we look in the rearview mirror and wave good-bye, we should also look ahead and say hello to the second best season for home sales, fall. If you thought about putting your house on the market but somehow didn’t manage to pull it all together as yet, here is your second chance as a seller to take advantage of this market leaning so heavily in your favor here in the Twin Cities.
Generally speaking under normal conditions the seasonal adjustment of the cooler months and inventory, prices and market activity seem to follow the downward trend of the temperatures. This may not be the case this year. While inventory levels, days on market, and pending sales are declining, median sale prices are continuing to rise.
Twin Cities Metro Market Data Still Strongly Favors Sellers
The Minneapolis Association of Realtors report for the week ending September ...
This Maple Grove Home Will be Sold Quickly
Take a 3D Tour
This chic contemporary home is light, bright and airy and brings to mind casual elegance. Coupled with the open floorplan is an abundance of warmth and charm, which promises years of comfort and enjoyment for the family who will live here. With 2013 square feet, three bedrooms and three baths on two levels of living space, this stylish home has most of the amenities you would expect to find in this price range, plus a couple of lovely surprises!
The home is well situated on a corner lot in the desirable Shadow Creek neighborhood of Maple Grove. Close to shopping, convenient to highways, and surrounded by lakes and recreation you will love the lifestyle available in this outstanding location. Did I mention great schools and a 30-minute commute to downtown Minneapolis?
Let’s take a closer look as I show you the 7 characteristics I love about this house and I think you will too....
September – the Twin Cities in Seasonal Transition
September is the month with an identity crisis. Football season has begun, but we are still watching baseball. Food bloggers are pushing soups and stews while we are still throwing brats on the grill. Some people in the Twin Cities think of it as fall and others summer. The autumnal equinox on the 22nd officially welcomes fall, but I think the weather has the last word.
Generally, the temperatures are pleasantly moderate creating perfect opportunities to enjoy your favorite outdoor sport or pastime. Yet we can’t help but notice the chill that creeps into the evening air and lingers into dawn. The clouds tend to be high and scattered and the sky a different shade of blue than it was in midsummer. Yesterday I noted little pops of gold and orange among the still lush green of the trees which serves as a reminder that the inevitability of autumn’s arrival cannot be denied.
Why not allow September to surprise us every day and enjoy these last weeks of summer...
The difference between a Condo, Single Family, and Townhome in Mpls, MN
You, the first time home buyer have now been through the preapproval process and know how much the lender is willing to give you for a mortgage and at what rate. You also know how much of a down payment you need and your approximate closing costs. You know how you will pay for your home. Check!
You, the first time home buyer know the current Twin Cities real estate market favors the seller and competition for homes is keen at your price range. Knowledge is power and you feel confident that you will move quickly when you find “the one” because you have done the work and are fully prepared. You know how to maneuver through the Twin Cities real estate market. Check!
You the first time home buyer feel confident and prepared because you have a real estate professional at your side for each important step of the home buying journey and will use his experience and knowledge...
Catching the Last Waves of a Twin Cities Summer
In the Twin Cities in August, the weather can be hot and the nights balmy, but not always. Weather is unpredictable here but that’s all right because we Minnesotans have been trained to be complacent about the weather. Cone flowers and all varieties of daisies are headlining in the flower beds and sunflowers are standing tall in the fields.
There is a collective and audible sigh of relief from parents with the beginning of the school year in sight. Their kids are contemplating their return to the class rooms as well. Some are reluctant to see the end of summer vacation, while others are excited with anticipation of what is ahead for them in the new school year.
We are in the final weeks of the season, somewhere just beyond midsummer glory and before its swan song. These days are lush and bountiful. We savor them with the knowledge that all too quickly they will come to an end. Let’s make the most of these final weeks as we countdown to fall. Whether you chose to spend the time feeling idle and blessed soaking up the warmth of the sun, or want to turn these last weeks into a full-scale celebration here are some ideas that will help you squeeze every drop of joy out of these last days of summer.
15 Ways to Celebrate the Month of August in the Twin Cities
- Make time for...
Local RE/MAX Agents Named Among “America’s Best”
The Minnesota Property Group Earned Ranking for 2015 Home Sales
Plymouth, Minnesota July 26, 2016 – The Minnesota Property Group led by Joe Houghton with RE/MAX is among the 2,691 RE/MAX agents and teams featured in the 2016 REAL Trends “America’s Best Real Estate Agents” survey. The agents included in the survey represent less than 1 percent of all real estate professionals in the United States.
On learning the news, team leader Joe Houghton said, “Our team focus is treating our clients like members of our own family to provide them with the best possible home selling or buying experience on the planet. To have our team recognized alongside of so many hard working, dedicated real estate professionals is an accomplishment and we are honored to be named ‘America’s Best’. I’m so proud of my awesome team!
“America’s Best” is the industry’s largest ranking of agents based on homes sold in 2015. The survey is open to individual agents who closed at least 50 transaction sides or $20 million in sales volume and teams who had at least 75 sides...
Buying Your First Home in MN | How to buy a Home in the Twin Cities
After reading our first post in this series, The First Time Home Buyers Journey – The First Step Begins with 3 Questions, you have answered all of these in the affirmative and are anxious to buy that home! Congratulations on your decision! The enthusiasm is great! Everyone should be excited about buying their first home but let’s take a deep breath and think about the next 3 steps – knowing the market, getting lender approval and selecting a Real Estate Professional.
The Twin Cities Metro Housing Market
First, let me say that as a first time home buyer I have good news for you. Second let me say, I also have some bad news. Let’s start with the good news. Interest rates are the lowest they have been in the last 3 years. Right now, with excellent credit, it is possible to get a rate as low as 3.5 percent. Want to hear more good stuff? You do not have to have a 20 percent down payment. As a matter of fact, with good credit, you may be able to get a conventional mortgage with only 3 percent down. Credit not so good or you still need down payment assistance? FHA might be the way to go. So now for the not as good news.
For anyone purchasing a home under $500,000, the twin cities is a seller’s market. The dynamic causing this is basically far more demand than supply, and the lower the price range the less inventory of housing you will find. According to data published by the ...
Ahh June - the portal to Summer! Step into June and the entire glorious season of warmth and sunshine is beneath our feet, stretching out before us. June is weddings, kids out of school, family vacations, cooking on the grill and baseball. June is bright blossoms exploding with bursts of color from the flower beds and strawberries melting with sweetness on the vine. I love that June is comfortable, warm but not hot and we are beckoned to the golf course, tennis courts, and favorite biking and walking trails.
Summer in the Twin Cities is all that and more. Summer inspires us to celebrate with great music, art, food, drink, festivals and fairs. After a long winter are we ever ready! So without further fanfare (because I could go on for pages extolling the virtues of June) let’s take a look at what is happening on the sidewalks of Minneapolis-St. Paul this month.
Celebrate June – Celebrate Art
The 50th Annual Edina Art Fair
Friday June 3 through Sunday June 5, 50th and France, Edina Minnesota
The First Time Home Buyers Journey In the Twin Cities Real Estate Market
Spring in The Twin Cities metro is about temperatures rising, flowers blooming, green lawns, residents hitting the biking and walking trails in large numbers and the real estate market in full swing. There are plenty of buyers out there and if you are one that has decided to take the plunge and buy a home I applaud you for beginning the journey towards home ownership. For those of you who have yet to take that first step but are seriously thinking about doing so, I’d like to help.
First let me say I fully understand the decision to transition from renter to owner is not an easy one. The purchase of a home is for most adults the largest financial investment of resources in their lifetime. It’s not a small deal, it’s a big deal and should never be minimized. Not to mention that buying your first home can be a very scary thing, and believe me you don’t have to be a virgin home buyer to get those jitters. There are the practical considerations that need to be explored such as your personal financial situation, market conditions, and future plans. You will also need to ask yourself some hard questions about how much change to your lifestyle in terms of responsibility you are ready to embrace. ...
Why Early Spring is the Best Time Sell Your Twin Cities Home
Spring has officially arrived! Birds singing, flowers blooming, temperatures rising and “Home for Sale” signs popping up on front lawns like mushrooms in the forest after a rain shower. Now I have not seen any robins yet at my bird feeder, no crocus popping their colorful little heads out of the dirt or forsythia in bloom. What I have witnessed is platoons of serious home buyers out in the market place. Sounds like we have an active market filled with buyers holding pre-approvals, down payments and closing costs in their eager ready-to-buy hands. Isn’t that great? Let’s take a closer look.
Actually it appears the spring home buying season got off to an early start. According to the real estate numbers published by the Minneapolis Association of Realtors for February, pending sales were up 6.7 % with closed sales flat over this time last year. When we take a look at supply of available properties, the number of homes for sale fell 19.4% resulting in the months’ supply of inventory at 2.3, down a whopping 28.1% from last February.
In case you haven’t heard, 2015 was a great year for real estate, and with home sales reaching a 10 year high, many industry leaders say the housing market has fully recovered. Now that we are several weeks into the New Year with the spring housing market hovering around the corner waiting to pounce on the Twin Cities, let’s take a look at January’s statistics and make some projections for what is ahead.
January Was Cold But the Twin Cities Housing Market Wasn't
The January real estate market in Minneapolis-St. Paul was strong with enthusiastic buyer activity, brisk sales, and rising home values setting the trend. Pending sales rose 3.5 percent, the median sale price rose 10.3 percent to $215,000, and the median list price climbed 6.1 percent to $259,900, a record high. However on the seller side we saw a less inspiring performance with the number of new listings declining 7.2 percent from last year which brought inventory levels down 22 percent and the lowest they have been since 2003.
It’s February, the last complete, official month of winter. This first week of the month brought with it a foot of snow to the Twin Cities, and the first significant accumulation of the white stuff so far this winter. Punxsutawney Phil didn't see his shadow even though we know here in Minnesota we have 6 more weeks of winter. Valentine's Day arrives on the 14th and on the 22nd we celebrate our great Presidents. February is also designated as Black History Month, American Heart Month, and Chocolate Lovers Month.
Let’s take a look at what is going on in our beautiful Twin Cities Metro this month as we decide how and where to celebrate.
The beginning of a new year is a beautiful thing! It is a perfect opportunity to review the past 12 months and compare it to the previous 12 and celebrate the success we have achieved. Also, as we learn what worked well and what did not, we are in a better position to focus our energy in the coming year where we may have fallen short of our goals. For many of us it is the fresh start we need to clean the debris field of the old year and start with a clean slate for the new while for others it’s the beginning of another cycle of building on past achievements, adjusting priorities as well as setting new goals. To me it is like a pool of crystal clear still water waiting for me to stick my toes in and create some ripples, or maybe jump in with my whole being and create a huge splash!
For The Minnesota Property Group, it was an outstanding year. Kudos to Mike Milne, Derek Irving and Andrew Klinkner. Thanks in part to a comeback in the Real Estate market surpassing all others, my team and I saw our best year of sales ever! We are pretty excited about that fact. We are also proud to announce our team is growing!...