Real Estate within the Wayzata School District

A Year in Review

 

A year… 12 months… 52 weeks… 365 days… What difference does a year make? A year is huge when you think about how a child changes from infant to toddler. A year is huge when you think about a high school senior graduating and headed for college. A year is huge when you think about a woman who discovers she is pregnant. A year is huge when you start the process of selling/buying a house. A year is huge when you think about many t...

I 94 CLOSING January 20th-23rd 2017!!!

I-94 is CLOSING this weekend!!!

Headed up north fishing??? Headed to the Albertville Outlet Mall for some shopping because the temps are sooo nice??? For anyone traveling on I-94 this weekend, plan your route wisely to avoid the congestion due to the closure... Avoid the frustration that a DETOUR sign can cause :) and get to your destination when you want! 

I-94 will be closed in BOTH directions between I-494 and the new interchange of Highway 610 and I-...

Get the Skinny on Real Estate Trends in Your Area!

December 2016

I've talked for most of the year about the "Theme" of Real Estate in the Twin Cities... Well it's official, the Minneapolis Area Association of Realtors is calling it the "Trend" for the year! Values are up.... Inventory is down... Values are up... Inventory is down... Values are up... Inventory is down........... The consistency of this pattern for 2016 now has an official label.  

Housing Stats for November 2016 as compared...

Twin Cities Home Prices Reach an ALL TIME HIGH!!! 

The record for the Median Sales Price in the Twin Cities was previously $238,000. Ten years later, this record is no longer. June 2016 set a new median sales price record at $242,000. 

Low inventory has helped to drive up the prices on homes. With not as many homes to pick from, sellers are selling at 98.7% of list price and in less time! The average days on market is now 55 days. Homes haven't sold this quickly since 2007! Traditional Sellers...

Get the Skinny on Real Estate Trends in Your Area! May 2016

The numbers for April have been gathered and crunched... There will be no shockers in the data.

The Real Estate Market in April 2016 showed the following when compared to April 2015...

1) The number of homes for sale was down 19.4%

2) The median home price was up 7.7%

3) Sellers are getting 98% of list price. Some more than list and some are selling in multiple offers

4) Pending Sales were up 1.6%

5) Closed Sales were also up 6.1...

Maple Grove Town Homes WANTED!!!

IF no other town homes in Maple Grove were to list after today... The town homes that are currently for sale would be sold in 2.1 month!!! These numbers are mind blowing to me!!! 

A Healthy Real Estate Market (giving financial advantage neither to the buyer nor the seller) is a 6-7 month supply of homes on the market... YES, 6-7... that makes the 2.1 month supply of town homes in Maple Grove extremely LOW... Having that few town homes to pick from gives finan...

How to Compete in a Multiple Offer Situation in Our Current Real Estate Market!

When 2015 ended, the number of homes left on the market was low! Dependng on the article you read, there were 2.1 to 3 months 2) were of homes left for sale. What does this mean? In a Healthy Market, there are 5-6 months worth of homes for sale... Having 2-3 months of home for sale, make the MN Real Estate Market a Seller's Market. 

If you are a Buyer in the market right now, chances are you will most likely end up...