8268 Jonquil Ln N, Maple Grove, MN 55369
Offered at $299,900
Link to the Video Walkthrough Link to the 3D Interactive Showing
Enjoy the peaceful setting of 8268 Jonquil Ln N. This Williamsburg end unit townhome feels brand new and has every upgrade offered by Mattamy Homes when it was built in 2016.
Open Houses March 17th and 18th 3:15-4:30PM
2016 Mattamy Homes End Unit
Incredible location with access to miles of trails. SW facing end unit gets beautiful natural light and has idyllic views of the Central Park pond and playground.
8268 Jonquil Lane N Features a Chef's Kitchen
The chef's kitchen has a mosaic tile backsplash, gas range, stainless steel appliances, and quartz countertops with breakfast bar. The home is equipped with a Kinetico whole house water filtration system, dual-tank water softener, and reverse osmosis (RO) drinking...
4724 Oakland Ave Minneapolis MN 55407
Psst! Look over here! We have an outstanding new listing being offered pre-MLS. This attractive two-story home at 4724 Oakland Ave is located in the Field neighborhood, the heart of South Minneapolis. It was built in 1921 and with its attention to detail and abundance of architectural interest, it certainly shows off the distinctive charm and character of the era.
Pre-MLS Open House March 17th from 12-2pm
While the finishing touches are being applied to this gorgeous home, it is offered for sale pre-MLS for $419,900. If you would like a sneak peek at this home before our professional stagers and photographers come through and perform their magic, call me, Joe Houghton anytime. I'm the lucky listing agent. Want more right now? Visit the video tour of 4724 Oakland Ave Minneapolis MN 55407 on our YouTube channel.
The Field Neighborhoods Newest Listing is Currently Non-MLS
4724 Oakland Ave Minneapolis MN 55407
This remodeled two story home in the Field neighborhood of South Minneapolis is being offered Non-MLS until the finishing touches and professional photography are complete.
PRE-MLS OPEN HOUSE MARCH 17TH FROM 12-2PM
For a full video tour of this Home Click Here
January Twin Cities Housing Inventory Sinks Lower
We are now several years into a housing market where buyer demand is strong and inventory of homes for sale is limited and ever shrinking. This buying mania has been fueled largely by a strong economy with low unemployment, a robust stock market, and historically low mortgage interest rates. In addition, the high cost of renting has made owning a home the best option in the Twin Cities, as well as a wise financial decision. It was the strong incentive many first time home buyers needed to get off the fence and pursue the American dream of homeownership. And chase that dream they did!
Buying vs Renting Pros and Cons
We just capped off a record-breaking year for real estate. The story for 2017 was powerful across the nation. In the Twin Cities, the median sales price reached an all-time high. Closed sales broke a twelve-year record high even with inventory levels at a 15 year low. There were lots of reasons for sellers to celebrate. Homes for sale spent less time on the market with full price offers the norm. The market was rocking and tenacious buyers were the rocket fuel that propelled it.
As we look at the first month of the brand...
Do Your New Year’s Resolutions Need a Reboot?
Are you among those people who started the New Year with some well-intentioned resolutions only to find that your resolve has dwindled? Perhaps those goals that have slipped below the horizon of your consciousness during the day come back to haunt you at night like an insect buzzing around your head as you try to fall asleep.
According to statistics, by February 42% of us who made resolutions have not maintained them. We share your pain. We know the feeling when our willpower is on life-support and the loudest voice we hear is shouting self-criticism and blame.
It’s not easy to feel like you set yourself up for failure back on January 1. Statistics also tell us that 42% of Americans fail to achieve their established goals on a regular basis with only 9% feeling they had a successful outcome. However, and here is the good news to hang your hope on, people who start out the year with defined resolutions are ten times more likely to achieve their goals than those who do not make any.
December Housing Inventory Took a Nosedive as Home Values Soared
The relentless story of happy sellers and frustrated buyers continues. This was especially true in December. Inventory levels plummeted 27.5% over last December and month’s supply dipped to 31.6%. With the ever-shrinking availability of homes to purchase under $500K, the dream of homeownership remains elusive for many first time buyers.
Although mortgage interest rates remained steady at about 4% in the last half of the year, the high demand coupled with low inventory situation caused median sales prices to rise higher. This forced some buyers to adjust their expectations of how much house they could afford.
While year-end market conditions were a nemesis for buyers, sellers had a lot of reasons to celebrate. Homes spent less time on the market with full price offers the norm. Bidding wars on very desirable homes brought in offers above ask price.
Our Favorite Blog Posts of 2017
It’s that time again. As we say goodbye to the old year and look ahead to 2018 with great expectations it is always worthwhile to reflect on the last 12 months and review the work accomplished with some satisfaction. On Our Twin Cities Home Blog, we try to bring you the best information we can find on everything real estate from buying and selling a home to living well in our vibrant and beautiful Twin Cities Metro.
As we look forward to more good work this year we’d like to share some of our favorite posts with you again. So without further ado, here is what we think deserves a second look before we close the books and begin the first chapter of the brand new year!
Has a year really passed since I wrote this one? It was one of my favorites because I am proud to work with Joe all 365 days of the year. He has a great real estate story and a great philosophy on how he approaches real estate so I felt it appropriate to tell it one more time.
Saving more money is a ...
November Twin Cities Hot Housing Market
The end of the year fast approaches and we are almost there. The theme of the story for 2017 has been one of a strong sellers’ market and relentless buyer demand especially in the first time home-buyers price range. It has remained constant through 11 months despite rising interest rates, political turbulence, and a tax overhaul whose effects on the housing market are still uncertain.
Even though the 30-year mortgage interest rate just surged to a five-month high for the last week of December at 3.99%, it is still lower than last year at the same time and a historic bargain. The Minneapolis-St. Paul business community continues to thrive economically and with the third lowest unemployment rate in the nation, an abundance of jobs consumer confidence remains high and continues to support a strong housing market.
Delving deeper into the numbers for November of this year vs. November 2016, find new listings 6.7% lower, inventories 24.1% lower with a months supply of inventory at 1.8. Still, buyers persisted and closed on 4595...
Twin Cities Buyers Know What They Don't Want
The one thing most sellers have in common is that they are unable to look at their property with a dispassionate and critical eye. The longer they have lived in their home, the more emotionally attached they become. Many simply cannot understand that the cracked tile in the foyer they have lived with for 10 years, should be of concern to a buyer. Or the magenta bedroom walls they adore would be another person’s decor nightmare.
After being a realtor in the Minneapolis-St. Paul metro for 16 years and closing on close to 1000 properties, I have shown my share of homes that made buyers run for the exit shouting, “next please”! I have been the listing agent challenged with marketing the lime green home with hot pink trim. So over the years, I have probably not heard it all, but enough to tell you what makes a buyer look like he just sucked a lemon. Sellers can and should take matters into their own hands before they put their home up for sale to avoid having their home sit on the market for a long time and sell for less money.
Big Ticket Replacement Items
A house with a roof that is at the end of its lifespan or siding that needs to be updated is a major red flag for buyers....
Is 2018 the Year of the Home?
When you make the transition from renter to owner, you become the recipient of many benefits, both practical ones, and emotional ones as well. For many people, homeownership is an important rite of passage on the highway into adulthood, probably second only to becoming a parent. Why? Because owning a home enables you to assume more control of two very important aspects of your life; your net worth and your personal environment. Most people would find that pretty exciting stuff! Many of us, when we become adults especially, want to have as much control over our lives as possible, or at least feel that we do!
So if 2018 is your year to purchase that downtown Minneapolis loft, starter home in the burbs, or downsize to the townhome you have always dreamed of, we have some great tips we are dying to share with you.
Prepare Your Finances
If you haven’t already done so, contact a mortgage broker or banker and get pre-approved. This is the only way to know for certain how much house you can afford to buy and what amount of cash you will require for ...
October Twin Cities Housing Market
As we approach the end of the year, it appears that the Twin Cities housing market story for 2017 is pretty much repeating the theme of strong and persistent demand for housing with an ever-shrinking supply of homes to buy below $500,000. We shouldn’t be surprised at the continuation of this trend when we look at interest rates and our local economy.
The 30-year mortgage interest rate dipped from 4.3% to 3.9%, an amazing bargain when you consider the long-term average rate is 8%. While nationally the unemployment rate is 4.1, in our own Minneapolis-St. Paul Metro it is 2.9, the third lowest metro unemployment rate in the country. Our thriving economy is diverse and vibrant, our workforce talented, our schools first-rate and with a robust arts community and 4-season recreation options makes our quality of life second to none. It’s no wonder we have one of the highest homeownership scores in the nation.
As we take a closer look at the statistics for October this year versus last year, we find new listings increased 3.1% although inventory of homes available fell a whopping 18%. This puts the month's supply of inventory at 2.2 which is 18.5% lower than last year. An undeterred 4994 buyers closed on a home last month, up 0.3% and pending sales were...
Should I Buy a Home This Winter or Wait for Spring?
If you are a Twin Cities’ buyer that missed out on snaring a deal this past spring or summer, you might be asking yourself, your family, your friends and your realtor whether or not you should keep your search ongoing or simply hunker down for the winter months and venture forth again when the forsythia bloom. Maybe you just started the process and are thinking of putting it on hold until the new year arrives or wondering if there is an advantage to staying the course. As a realtor, I can tell you that I am being asked that question from many of my clients, especially the first time buyers.
Because everyone has a story and no personal situation is exactly the same, there is no right or wrong answer. But generally speaking, I tell my buyers that nobody is too cool for thermal underwear in Minnesota. Let’s get some and keep looking for that home. Patience is a virtue and tenacity pays off in the end.
To those just getting started in the process, if you have your pre-approval letter in hand start your search and if not get that preliminary work completed and then...
How to Have a Spooktacular Halloween!
Here at House Houghton, Halloween is a favorite holiday. The excitement is building with my four boys and even the family dog wants in on the act. One of the best things about it in the Twin Cities is the celebration is ongoing for the entire month of October. There are events in Minneapolis, St. Paul, and the surrounding suburbs to suit every age and scare quotient. For some of us diehard fans of this delightfully spooky event, we never grow too old to embrace it and as we reach mid-October, the plans for a fast approaching Halloween get serious.
Halloween conjures up images of haunted houses, black cats, jack-o-lanterns, ghosts, goblins, and witches flying around on broomsticks. Costume choices range from satisfying our alter ego and dressing as a favorite character from history, choosing something traditional like a witch or ghost, or going more trendy and masquerading as someone currently in the public spotlight. Decisions! Decisions! Then when the costume is chosen where to go and what to do. In the Minneapolis-St. Paul Twin Cities metro, there are so many options ranging from fun and spooky to those that are looking to be blood-curdling terrified! Wherever your spooky-meter registers, we have suggestions for you. Here are some great activities aimed at delivering the best Twin Cities Halloween...
Let this Magical Wayzata Home Enchant You
This Beautiful Home is No Longer on the Market.
243 Bushaway Rd, Wayzata, MN
Tucked away on an idyllic wooded lot in a cozy corner of Wayzata is our newest listing. If you are looking for a great family home that is close to all the city has to offer yet located in a community with a small town feel and a nationally recognized school system we have the perfect choice for you. Consider this gracious and elegant 5 bedroom...
Real Estate Agent 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. It is no coincidence that many local realtors choose to live in Wayzata. Not only is living here so great, top real estate agents believe home values in Wayzata will continue to outpace the rest of the Twin Cities Metro
Why Local Realtors Love 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 August 2017 is $526,300 according to Zillow.
August Twin Cities Housing Market Episode – Another Rerun!
Most of us want to see a new episode of The Twin Cities Housing Saga but I am afraid August is another rerun. Over the course of the last 3 years the dominant theme of the housing story in Minneapolis-St. Paul is an ever-shrinking inventory and rising prices. Sellers have been in their glory days while buyers, facing a highly competitive marketplace, have struggled to close a deal month after month with a couple of variations. We’ll talk about these later in this post. Like most of the country, here in the Twin Cities metro inventories continue to shrink while prices continue to move upward. As long as the economy continues to grow and add jobs and interest rates remain low there is no reason to believe this market situation is going to change course anytime soon.
A deeper dive into the numbers for August of this year versus last year reveals new listings increased 7% while the inventory of homes available for sale fell 16.7% from 15,137 in 2016 to 12,206 this year. The month's supply of inventory remained at 2.5. but compared to last year, it dropped 16.7%. Lucky buyers in the metro successfully purchased 6513 homes but they were not quite as fortunate as buyers in August of last year when 6,606 home sales closed. Additionally, this year buyers paid 6.8% more when you compare median sales prices in the...
Real Estate Agents Love Long Lake, MN
The tiny but charming community of Long Lake is a just west of Wayzata nestled along the south shore of Long Lake. Real Estate has never been so sought after if the Lake Minnetonka Area.
What the Best Realtors in Long Lake MN know
1. Easy Access to Downtown Minneapolis
Want to attend a concert at Orchestra Hall or attend an event at Target Center? Just hop on Interstate 12/394 and head west 17 miles to downtown Minneapolis. Perhaps you want to attend the Uptown Art Fair or a concert at the Lake Harriet Band Shell. No problem because it only takes 20 minutes or a 17-mile ride to get to Uptown from the City of Long Lake. When you buy Real Estate in Long Lake you get the small town feel and community with the big city conveniences.
2. Parks and Recreation in Long Lake are Great
Long Lake Minnesota has 4 public parks offering a variety of options for recreation. Nelson Lakeside Park on Long Lake features a beach for swimming, a playground and picnic facilities including a shelter with tables and grills that may be reserved by Long Lake residents. There is also a fishing pier and a boat launch. Holbrook Park boasts a ball field with bleacher seating in summer and a hockey/ice skating rink with a warming house to enjoy when winter arrives. A picnic shelter is available and can be reserved for those summer family gatherings.
Exactly what is a Short Sale?
What is a Short Sale? A short sale occurs when the sale of a property does not bring the seller enough money to pay what is owed to the lien holder. When the sale falls short of the amount owed on the mortgage, the bank must agree to release the homeowner of any debt that otherwise may have been incurred. Sounds simple but it can be complicated to execute. Making a short sale purchase can be a long and drawn out process. Sometimes the outcomes are well worth the roller-coaster ride of emotions. Other times they can be a huge disappointment.
Buying a short sale in MN
Whether you are a buyer or a seller involved in a short sale the best way to handle the process is to work with a professional, ethical and honest Realtor who has experience dealing with short sales and is a certified short sale and foreclosure resource. A Realtor that has not taken the time to be trained, educated and certified to sell distressed properties will not have the energy, knowledge and skill necessary to pull off a successful short sale.
Short Sale in MN vs Foreclosure in MN
A short sale can be one of the best ways for a homeowner to get out of a home that is in an upside-down mortgage situation because it will not completely destroy their credit. The average credit score decline for a homeowner that goes through a successful short sale is 50 points. The average credit score for a homeowner that goes through a foreclosure is 250 points.
Help with a Short Sale and Help...
Selling Your Twin Cities Home
Although the spring and summer months are traditionally considered the optimum time to buy and sell a home, did you know that the second-best season to Sell your Twin Cities home is the fall? Historically, if we assume normal market conditions, like the air on a crisp fall day, both prices and buyer activity tend to cool off. But as we know by now, this is not a balanced housing market but rather a red-hot housing situation that favors sellers in a big way. Inventory of homes for sale and days on the market continue their downward descent while on the other side of the coin median sale prices continue their climb to new heights.
Let’s explore the current market conditions which support a strong fall housing market for the Twin Cities which make a good argument for selling now.
Twin Cities Real Estate Data
According to the Minneapolis Association of Realtors, the week ending September 9th found inventory decreased 16.5% to 12,587 units for sale with new listings down 3.1% as well. However, pending sales were higher than the same ...
Twin Cities Housing Market
The Twin Cities housing market story for July in Minneapolis-St. Paul is much the same as it has been month over month for a couple of years. For sellers, it’s celebration and uncorking the champagne bottle and for buyers, it is a test of fortitude and commitment to home ownership. The Twin Cities is following a national trend of the past two years where inventory continues to shrink and median sale price continues to increase. How long this market is sustainable, is anyone’s guess but with unemployment holding at 4.3 percent the demand to purchase a home remains high.
A look at the numbers for July has available homes for sale at 12,407 which is a drop of 18.3% from July of 2016. The month's supply of inventory sits at 2.5 compared to 3.1 last year same time, a 19.4% decline. Buyers in the Twin Cities closed on 6,020 homes, 2.6% less than July 2016 at 6,128. Declining inventory, pending sales, closed sales and days on market was half the story, the other half being an increase in median sale price, of $254,000 up 5.9% over last year, the percentage of list price received at 99.2 representing a gain of 0.8% over July of last year.
Maybe you remember the old children’s game of musical chairs that was once popular at birthday parties....