Minnetonka Real Estate Agent Marketing
Do you dream of a home that is a peaceful suburban oasis yet near a vibrant urban center? You can have it all when you purchase this outstanding 4000 square foot two-story Minnetonka home nestled into idyllic landscaped surroundings.
This elegant, graceful residence features spacious living areas soaked in sunlight. The flow of indoor and outdoor spaces is seamless and ideally suited to entertaining friends and family. The resort-style backyard with an inground pool is fenced-in for privacy.
A Minnetonka Home for All Seasons
During the summer, enjoy the backyard sanctuary and luxury of your heated pool. Relax on one of two decks and enjoy dining al fresco.
In the evening or the high heat of the day, relax on the screened-in porch. When fall descends on Minnetonka and the nights turn chilly, sit around the fire pit with a glass of vino or your favorite local brew....
Get Ready to Buy A House MN
The decision to buy your first home is a major, life-changing event and should never be taken lightly or made quickly. Not only is it the most significant financial purchase you will likely ever make, but it’s also a commitment to your lifestyle and personal sense of well-being.
Indeed, a home is a valuable asset, but it is much more than a number we see on a financial spreadsheet. It’s our haven. It’s where we plan to raise our children. It’s where we will dream about our future. It’s where we will celebrate our victories and cope with life's setbacks. There is the whole story of homeownership.
Yes, buying real estate is a big deal, and I won’t lie to you; it can be a stressful and intimidating process, especially for a first-time buyer. However, it isn’t written in stone that it will be this way for everyone. It can and should be an exciting and joy-filled process. Being financially ready is critical in making it work in your favor.
Let’s look at five positive signs that say you may be in the financial position to become a homeowner.
1. Your Finances Are Solid
Home Buying Advice MSP
One thing I know for sure is the passage of time always brings a change in its wake. Fashion, food, hairstyles, home décor, and lifestyles have become extremely sensitive to trends. Some embrace change, and others fight it. Whichever the case, a constant we can depend on is that trends will come and go regardless.
Sifting Through Home Buyers Advice
Along with style changes, there is an incredible amount of advice about what we should hold on to and what goes off. Real estate is no different, and we must weed through all the bits and pieces of information and discover what is still meaningful and what no longer serves us when we decide to put a roof over our heads.
Purchasing a house is the most expensive buy of a lifetime for most of us. It is predominately a joyful experience, but a certain amount of stress is inherent in the process, especially for first-time homebuyers. We want to make the right choices, so we seek advice from family, friends, and the internet. But with so many tips out there, how do we know which keepers we should ignore? Here are several pieces of home buying advice that have not met the test of time.
You Will Always Be Better Off Owning Than Renting
Realtor Reviews Minneapolis Housing Market
The 2018 housing market has sure been a wild ride. The year began with rapidly rising home prices and low mortgage interest rates. Bidding wars were the norm for highly desirable homes. It was not unusual for sellers to find a buyer in the first few days after putting their house up for sale, generally at the total asking price or even above. Sellers were riding high while buyers struggled to close a deal on a home.
But in the last few months of the year, we begin to see a shift in the market. Prices are finally stabilizing or increasing at a slower pace. Interest rates reach 5.2 percent, an 8-year high. Now rates have fallen back to 4.59 as a benchmark for a 30-year fixed-rate mortgage. The market still favors sellers but to a lesser degree.
2017 compared to 2018
- new listings down -0.3%
- pending sales down -3.6%
- closed sales down -3.4%
- overall median sales price up +7.7%
Now what you have all been waiting to hear. What are the takeaways for the 2019 market?
The economy right now is still vibrant but showing signs of moderating. Everything that happens in the future will hinge on the trade war.
If the US and China reach a trade agreement by March, that should send the stock market soaring and consumer confidence along with it. However, if the trade war continues and the tariffs become even more punitive, that will own the world economy and the US along with it.
Now you might ask, why do we care, and how does China affect the housing market? It’s about interest rates...
Minneapolis-St Paul Housing Data
As we say adios to 2018 and move into the new year, expectations include some long-awaited changes. In the last half of the year, we saw increases in new listings, decreases in sales, and median sales prices on homes rising more slowly.
The increases we are experiencing in no way are enough to balance the market at the lower pricing tiers. However, first-time buyers and downsizing boomers will begin to find more home buying options in the coming year. That fact alone will make buyers smile.
A Look at December Housing Numbers
Looking at a comparison of December 2018 to the same time last year, we see new listings up 3.5 percent, closed sales down 9.9 percent, list price received down 0.2 percent, and the median sale price of $258,000 up 4 percent. Pending sales showed a decline of 3.3 percent, while the month’s supply of inventory rose 13.3 percent. Days on the market decreased by 6.6 percent.
What story do these numbers tell us about the housing market in Minneapolis and Saint Paul? Pretty good news. We are finally starting to see more housing choices at lower pricing levels. Sellers are more flexible when they receive less than full-price offers. This situation takes some pressure off of buyers.
Sellers also have reason to smile. Property values continue to rise, with median sales prices up 4% over December 2017. Additionally, sales of homes are still brisk as we see days on the market...
The Minneapolis-St Paul Housing Market
Some say there are indications in the September housing stats that the market might be starting a shift towards balance. New listings increased 5.9 percent compared to September of last year. However, when we look at months supply of inventory that was down 3.4 percent. So what does this mean?
Let’s keep in mind that although we see balance in the market pricing tier for $500,000 and above, inventory levels in all other price segments are not even close to approaching balance which is a five to six month level of homes for sale. If you are one of those hoping to break into the housing market, your choices are limited with desirable properties selling like lightning going through butter.
Probing into the data, we see that median sales prices are still higher than last year by 6.5 percent when we look at month to month and 7.7 percent over last year when we compare the year over year data. Closed sales are down 5.8 percent and pending down 1.8 percent with properties spending 16 percent less time to sell.
Interest rates are bobbing around the 5 percent rate for mortgages which, combined with higher prices of homes may be sidelining some buyers and forcing others to rethink their home buying strategies. These numbers...
Mid Century Modern Homes in Edina MN
Who says you can’t have your cake and eat it too? Tucked away in a lovely neighborhood of Edina we fund a delightful mid-century rambler. This fabulous tastefully updated family home has all the amenities on today’s family wish list.
You cannot beat this location. Edina is one of the most desirable 1st tier suburbs of Minneapolis. The new owners will appreciate the easy access to both Highway 100 and 35 and the Crosstown. Surrounded by parks, lakes, shopping, fun, and food with a 15-minute commute to downtown Minneapolis, what more could you ask for? Great Schools? You have that too. Edina has a nationally recognized school system which has been a magnet for families with kids over the years.
Why Buy a Mid Century Modern Home in Edina Mn
Most home buyers today want an open floor plan. This home has it in spades. The family room incorporates the dining area and flows directly into the kitchen. Note the abundance of windows to draw in the natural light and the beautiful hardwood floors. Neutral white walls make everything...
Top Mpls MN Realtor on Buying a Home in the Fall
With summer in the rearview mirror, the fall home buying season is in full swing. As we move into the last quarter of the year, many disappointed summer home shoppers wonder if they should suspend their search to renew efforts in the spring.
As you ponder the question, you should take into consideration that the fall home buying season has some distinct advantages. Instead of taking a break, you may want to stay with the program and intensify your search for a home. Here are some of the perks and rewards you can expect if you decide to stay engaged in the hunt for a home.
Fall Home Buying Means Less Competition
Like most markets, real estate has seasonal adjustments. Fall home buying season is generally less busy than the spring and summer markets. The “must buy a home before school starts” mentality is one reason. Another is that some people do not want to move in the winter months.
Those who have no school-age kiddos or are more flexible about their moving timetable can take advantage of that market slowdown. They will find less competition for homes and less chance of getting into a multiple offer minefield. Let’s face it, “I...
The Minneapolis-St Paul Housing Market Overview
As we look at the end of the summer real estate season, things have not changed very much. We see new listings up 7.6 percent over August of last year, which is a bright spot. However, for first-time home buyers, the story is still one of the limited housing choices facing continued strong demand. The situation when we look at listings under $300,000 is still critical regarding supply. The higher we go up the price tiers, the more balance we see. Properties priced from $500,000 up to $1,000,000, offer a more balanced market in which buyers have more options compared to the over $1,000,000, strata, which is a buyers market.
Looking deeper into the data gives us some reason to be optimistic but cautiously so. Even though we saw an increase in new listings, inventory levels fell 8 percent from last year. Pending sales were down 2.9 percent and closed sales ticked slightly upward at 0.2 percent over the same time last year. Home values continue to move upward to the tune of 6.3 percent while spending less time on the market. Buyers at the lower price range are making full price offers or engage in bidding wars to close a deal.
New Construction in the Mpls St Paul Metro...
First Time Home Buyer Options in the Twin Cities
It’s an indisputable fact that buying a home today is a complicated process. It can be especially intimidating for a first-time buyer. Also, there is a severe shortage of inventory in the category of entry-level homes making the transition into homeowner a challenge. The home buying process in the Twin Cities Metro is not as simple as searching for a house, finding one that suits you, making an offer and going to closing. Although these are indeed the basics, it is not the complete picture. There are a lot of pesky details that are not understood and become fertile ground for the seeds of mistaken beliefs. The topic that seems to represent the most confusion is obtaining a mortgage. Let’s take a closer look at some of the most common myths about mortgage eligibility.
First Time Home Buyer Mortgages and Myths
Many people still believe you need a 20% down payment to buy a home in MN. No, you don't. Although a buyer needs to put 20 percent down on a home to avoid paying Private Mortgage Insurance, most can buy a house with much less money. When you look at real estate market statistics for home buyers in MN, the medium down payment is actually 10 percent. In addition, the statistics for first time home buyers in the Twin Cities is closer to 5 percent.
Mpls MN Real Estate Data
As we look at the data for July, we see the reason for buyers to be a bit more optimistic. Although this is still a market that favors sellers at price ranges under $500,000, we did see an increase of 4.1 percent in new listings when compared to July of last year. However, buyers should hold off popping the cork on that bottle of champagne because it is sellers that have a reason to celebrate with the median sale price up 6.6 percent over the same time last year. Pending sales were up 0.4 percent and closed transactions were flat with days on the market falling 17.4 percent and inventory levels down 13.4 percent.
Although we hear the terms “housing market bubble” and “real estate market shift” being bandied about by analysts, economic indicators may be pointing to a slowdown but not a bursting bubble. Past the middle of the year and heading into the end of summer we continue to see record low unemployment and the longest running bull market in history, in spite of trade wars and rumblings about impeachment. While we may be wise to pay attention to the former, history proves the latter will have little or no effect on stocks, housing or the economy in general. ...
How Top Minnetonka Agent Sold this Single Family Home
If you are looking for a great family home in a sought after community with excellent schools we have the perfect choice for you. Consider this gracious and elegant three bedrooms three bath residence in Minnetonka. With 2376 square feet of living space this traditionally styled two story home not only fits the needs of a family but is also the perfect setting for entertaining.
Prepare to be inspired by classic style with undertones of warmth and contemporary elegance. From your first glimpse, it is obvious this home is meticulous. We are very impressed, and you will be too!
Sitting on a private and wooded hilltop at the dead end of a private road is one of the many features that make this stately home an exceptional choice for your family....
How the Best Bloomington Realtors Market Real Estate
Located in an established neighborhood in desirable west Bloomington, this property would make an exceptional family residence for a first-time buyer or move up situation. It would also be an excellent option for the empty nester. This home is meticulous, and we think the fussiest buyer will agree. When you see the tasteful updates, expect to be impressed. The fresh décor is right on point. Let’s take a closer look.
At the rear of the home are my absolute favorite areas, the kitchen and dining space. The kitchen is bright, open and extremely well designed to make the best use of space. There are ample cabinets and countertops. Two windows let in plenty of light and make the kitchen bright and cheerful. The classic cherry cabinets add just the perfect touch of warmth. And did I mention the stainless steel appliances? Now I did!
2940 Urbandale Ave N, Plymouth Minnesota 55447
Offered at $499,900
If you are looking for your next home in or around Plymouth, please consider this traditionally styled residence in the desirable Greentree Forest neighborhood. This 3504 square foot residence features four bedrooms and baths, oozes charm and cozy warmth. From the first glimpse, it is obvious this home is meticulously and lovingly maintained. When you learn of the numerous improvements and updates made by the current owners, you’ll be sure your eyes didn’t deceive you.
So what exactly do we like so much about this outstanding family home? Lots! Please join us on our mini-tour as we check off all the great attributes of our favorite new listing.
Easy Peasy Commute and Great Metro Access
When we think of the Minneapolis metro suburbs that have it all, West Bloomington is at the top of the list. That’s why we are excited about Joe’s new listing in the desirable South Bay neighborhood. This delightful two-story home offers your family 4130 square feet of luxury on three levels of living space.
Five bedrooms mean everyone has their own private room plus accommodation for visiting family and friends. Four bathrooms mean never having to say you’re sorry for that long luxurious shower. Several distinct gathering areas indicate everyone can do their own thing or have lots of room for entertaining friends and neighbors.
With so many outstanding features to talk about in this elegant home, it is difficult to know where to begin. Here are a few of our favorites.
Superior Location in Bloomington
This home nestles seamlessly into the surrounding landscape in a neighborhood of comparable properties. Although secluded and private, it is...
So You Want To Buy a Home
Taking the step from renting to homeownership is a life-altering event. Many people consider it the litmus test for adulthood. It is both thrilling and scary at the same time. It should be because not only is owning a home in itself a significant responsibility but it is the most significant purchase the majority of people will make in their lifetime. Owning a home is also a source of pride, of achievement, and for millions, still an essential component of the American Dream.
If owning a home is on your bucket list, perhaps you are waiting for the right time. The question is, how will you know when that is? There is no stock answer. There are many factors to consider, both pro and con on the subject of buying a home. For many first time home buyers, money is an obstacle. But that isn’t always the case. Nor should the considerations of when to purchase a house be strictly limited to the financial ability to do so.
There are outstanding advantages that come along with owning a home and there are detriments as well. Let’s take a look at how the pros and the cons balance each other. When we evaluate both and can get to the intersection where rewards offset risks, we will have a clearer picture of how we can proceed.
The Twin Cities Housing April 2018 Snapshot
I'm not going to lie to you; housing inventory is at a new all-time low. However, we have a reason for optimism as new listing numbers are improving. Let's also keep in mind that the early part of April felt more like January this year, with significant snowfall and low temperatures, which may have held some potential sellers in winter hibernation mode. Still, sellers and builders see a continued strong economy and are encouraged by a market poised to bestow significant financial gains.
For buyers, this market is still certainly challenging. Home values continue to rise while days on the market are fewer. The median sale price for April was $266,000, up 8.6 percent and days on the market fell 10.2 percent compared to April of last year, which drives home that buyers do not have the luxury of dawdling when it comes to offers. Additionally, buyers now have rising interest rates to contend with as well.
Twin Cities Economy and Housing Market is Strong
This is how Top Agents Showcase Their Property Listings.
If you have been looking for an updated and well-appointed townhome in Golden Valley for less than $250,000 you know they are hard to find. This end unit has been renovated from top to bottom and has all the features buyers are looking for and then some.
The floorplan is open and filled with light. The design and flow of the space were well designed with the intention of providing an abundance of storage and living areas to accommodate the individual needs of your family.
The higher-end kitchen renovation features an abundance of cabinets, workspace, beautiful ceramic tile backsplash, stainless appliances, and a breakfast bar. The bath renovation showcases beautiful tile work on the floors and walls.
This unit is freshly painted throughout. Design details include vaulted ceilings, a skylight, fireplace, and a large loft area. The laundry room is on the second level, where most people prefer it in today’s market.
Walk out to a huge deck to enjoy your private backyard setting overlooking a wooded wetland, which we think is the best view in the development.
You might also enjoy: ...
The Twin Cities Housing Market Snapshot
Many consider March to be the kick-off month for the busiest Real Estate season, spring. The market experienced a slight cooling with pending and closed sales both down. Interest rates have climbed and been hovering around 4.5% which is the highest they have been since 2013. Buyers may be taking a breath, and holding back again to re-evaluate and rethink their strategy. They may be considering the options of paying more each month or settling for less house.
Still, days on the market continue to decline, homes are still being sold at asking price or above, and the median sale price up 9.8% over last year. Inventory of homes, however, continues to shrink. Inventory declined 26.1%. Sellers continue to play it coy with new listings also down 17.5%. These numbers seem to indicate that the slowdown in sales is more the result of low supply rather than a lack of enthusiasm on the demand side of the equation.
The good news is that April is looking...
Not a Market for the Fainthearted
Looking at the housing market in the Twin Cities for February we are going to be focusing on four factors; an ever-shrinking supply of inventory, declining home sales, a consistently upward trend of median sales prices, and rising interest rates. The market activity we are seeing here pretty much reflects what is happening across the nation.
While we might not expect prices to climb when sales fall, this downward trend is more a result of seriously limited inventory levels coupled with strong demand. There are simply too many buyers chasing too few homes and for a nervous buyer, this may be situation impossible.
The Market in the Twin Cities is Starving for Listings
New listings declined 8% over February of last year while inventory levels dropped 23% putting the supply of homes at 1.5 months. At the same time, the median sales price of homes in the Twin Cities metro rose 12.7% to $250,000. This rise in prices is partly a reflection of bidding wars on desirable properties where supply is so limited.
The same theme of the last 2 years continues with a vengeance: ready, willing, well-qualified buyers who desperately want to become homeowners being thwarted because there just not enough listings to go around.
What Rising Interest Rates Mean for Twin Cities Housing