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...But my Zillow Zestimate said...
Zillow's own CEO Spensor Rascoff's home sold for 40% less than his Zillow Zestimate reported!!!
Zestimates aren't an exact science. Zillow boasts a 7.9% error rate~ BUT, their own CEO's house sold for 40% less than it's own zestimate. There are factors that a zestimate (computer program) does not consider...
1) Where is the home situated? Is it on a busy street? private neighborhood?
2) What is the shape and usability of the lot? Where is the house s...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...Get the Skinny on Real Estate Trends in Your Area! February 2016
The Market continues to CLIMB! January Real Estate statistics have been gathered and the picture it is painting make our local real estate market a seller's market!
January 2016 showed the following changes from January 2015.
*A 17.8% increase in closed sales
*A 3.5% increase in pending sales
*A 22.2% decrease in the number of homes for sale
*A 10.3% increase in the median sales price
*A 32.3% DECREASE in the mont...
