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The Twin Cities Housing Market January 2018 Review

Minnesota Property Group

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...

Exceptional Home in Medina MN

3060 Wildflower Trail Medina MN

3060 Wild Flower Trail, Medina, Minnesota 55340

5 bedrooms, 5 baths, 5122 square feet, Wayzata Schools, $684,900

Exceptional Home in Medina MN

One of the things we love to do here at the Minnesota Property Group is share stories. Today we have a unique home with an unusual story we want to share. This beautiful Medina home, light shining through its windows, is looking for a new family.

This stunning residence built in 2016 debuted as a David Weekley model home, featuring many thoughtful upgrades added by the builder. When the current owners took a tour, they knew they had found their forever home.

In their own words, “When we purchased this house, we were planning on making it our forever home. The floor plan was perfect. The interior sparkled with all the finishes that showcase a builder’s talent and imagination, but we invested in touches that elevated the feeling of the space from house to home.”

3060 Wild Flower Trail Medina MN

Exterior Upgrades

The current owners painted the entire exterior white to carry the theme of lightness inside to the outside as well. But they didn’t stop there. Additional upgrades to enhance the enjoyment of the home and add to the quality of life include storm gutters, insulated garage doors “to help keep the garage more cozy in winter,” an invisible fence for the pets, several large trees to enhance...

Do Your New Year’s Resolutions Need a Reboot?

Minnesota Property Group

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.

Minnesota Property Group ...

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