Market Monday~ Eden Prairie School District~
The Real Estate Market in the Eden Prairie School District has appreciated quite a bit over the last few years! The median sales price at the start of 2020 was $360,000 and at the start of 2023 the median sales price is just shy of $460,000!
What will happen this year? Will the market continue to appreciate? Will it crash? That is the million dollar question that everyone is asking me. My answer is the same. I lost my broom stick and crystal ball a...
Market Monday~ Minnnetonka School District~
The Real Estate Market in the Minnetonka School District has appreciated greatly over the last few years! The median sales price at the start of 2020 was just shy of $525,000 and at the start of 2023 the median sales price is just shy of $675!
What will happen this year? Will the market continue to appreciate? Will it crash? That is the million dollar question that everyone is asking me. My answer is always the same. I lost my broom stick and crystal...
Get the Skinny!
September 2022
The Minneapolis Area Association of Realtors crunches numbers on the Real Estate Market each month. Here is what they had to say about September 2022! (Full Video below)
We all know the following -
- Interest Rates have increased this year
- There are still not enough homes for sale
- Some buyers have been priced out of the market
Here are the September #'s for 2022 as compared to September 2021.
Pending Sales decreased by 29.7% Closed Sales decreased by 23.9% Medi...
Get the Skinny!
August 2022
The Minneapolis Area Association of Realtors crunches numbers on the Real Estate Market each month. Here is what they had to say about August 2022! (Full Video below)
We all know the following -
- Interest Rates have increased this year
- There are still not enough homes for sale
- Some buyers have been priced out of the market
Here are the August #'s for 2022 as compared to August 2021.
Pending Sales decreased by 23.8% Closed Sales decreased by 20.3% Median Home Pric...
Real Estate Market Truths
The Real Estate market is changing. Yes, this IS true. Why does our society fear change? That question deserves some attention. Change doesn't have to mean doom and gloom! Change doesn't equal a 'crash'! Change is simply 'change'. Instead of fearing it, let us embrace it. Let us wake up every day and look the day in the eyes and say bring it on! Let us not let the perceived fear of change stop us from going after our goals.
Interest rates are so high!!! Ahhh... I can...
Real Estate Purchase Agreement Cancellations are on the Rise... How Can You Avoid Being Next?
The number of purchase agreements that have been cancelled recently is increasing... Why? How can you avoid being next?
Realtor.com published an article that sited the following 4 reasons for this increase in contract cancellations.
1) Rise in Interest Rates
2) House didn't appraise
3) Buyer acquired more debt
4) Buyer found a similar home for less money
So what can you do to protect yourself and les...
Minnetonka Real Estate
vs.
13 County Metro Real Estate
How Does the Minnetonka Real Estate Market compare to the 13 County Metro Real Estate Market?
Both Markets saw a decrease in:
- Number of Homes Listed
- Number of Closed Sales
- % of Original List Price Received
Both Markets saw in increase in:
- Median Sales Price
- Average Sales Price
- Cost per Square Foot
