Our Twin Cities Home

Twin Cities March Housing Market Review

Minnesota Property Group

New Month - Same Story for Twin Cities Housing

Market snapshot: What’s up? Sales, home values, ask price, the percentage of list price received, new listings and closed sales. What’s down? Pending sales, days on market, available homes for sale, and month’s supply of inventory. I’m starting to feel like the proverbial broken record but I’m just telling the story not creating it. With the inventory of available housing at a record 14 year low, this market continues to be an extremely challenging one for buyers, especially in the lower price ranges.

Spring is the strongest season for real estate and based on the figures we have in for March it is going to be a great one for sellers as buyers continue to face a landscape of low inventory of homes for sale with transactions completed in less time for a greater percentage of asking price received. Buyers will find it necessary to move quickly with their best offer if they want a chance at closing a deal. So far buyers have proven they are willing to do just that and although interest rates bobbed up along with prices, they have persisted.

As we barrel ahead through the spring don’t expect the situation to change much provided that the economy keeps on chugging along like the little engine that could. As long as consumers continue...

Building A New Home In Minnesota

New Construction, Home, Buying

Building A New Home In Minnesota

So you decided to take the plunge and buy a home - great!  One of the options you should consider if you haven't already done so is a brand new home!  When you consider new construction vs. previously owned certainly there are pros and cons on both sides of the equation.  Let's take a look at what I consider my top 8 reasons for buying a newly constructed home.

Building a Home in the Twin Cities

Buy or build a new home in the Twin Cities and you get to make all the choices, every single one! You choose the lot, the style of home, floor plan, builder, and all of the finishes touches that will make this house truly your home. Depending on the builder, development, real estate agent and price point you are comfortable with, you can have as little or as much input as you desire.

New Construction, Home, Buying

In the kitchen, you select the cabinets, countertops, appliances you have always wanted.  The bathroom fixtures will be up to you, and the style of the doors and windows.  And of course, you select all the flooring, light fixtures, and colors!  You can decide how you want to allocate your allowances.  Perhaps you want the top of the line windows, kitchen cabinets, floor coverings and are willing to spend less on light fixtures...

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