Hot New Listings on (& backing up to) Highwood Rd. in Lake Forest Neighborhood

If the Twin Cities housing market gets any hotter — at least in some neighborhoods — the local Multiple Listing Service (“MLS”) is going to have to supplement its “Days on the Market” statistic with another one:  “Hours on the Market.”

That’s about how long it took to sell not one but two new listings — practically across the street from one another — this past week in St. Louis Park’s tucked-away Lake Forest neighborhood, located just northwest of Cedar Lake.

Sale #1:  4106 Highwood (pictured above)

After previewing Highwood yesterday morning, I detoured to check out the garage sale across the street.

Returning to my car 10 minutes later, I spotted a giddy couple on the front lawn of Highwood snapping photos.

Map_HighwoodCurious, I asked them if they’d seen the house.

“Seen it?,” they responded.  “We just bought it!”

Sure enough, I checked out MLS later in the day and saw that it was now “Sold, subject to Inspection.”

Unofficial “Days on Market” (make that, “Day on Market”):  one.

Actually, given that the home came on the market mid-day Friday and was sold the next morning, I peg it as “20 hours on the market.”

Sale #2:  4200 Cedar Lake Rd.

As for that garage sale . . . I asked the person at the cash register when the home was going to be for sale (I didn’t see a “For Sale” sign or any other marketing).

“It already sold,” she told me.  “Yesterday.”

Sure enough, even though the home’s garage and driveway back up to Highwood on the north, its legal address is on Cedar Lake Road, to the south.

The home debuted on MLS May 10, and is (also) now “Sold, Subject to Inspection.”

See also, “Misleading ‘Days on Market.'”

Congrats to the Buyers and Sellers — as well as both Barry Tanner (Edina Realty) and Kim Pease (Coldwell Banker Burnet), respectively, the listing agents on the two transactions (the names of the Buyers’ agents won’t be public until the sales are formally “Pending”).

P.S.:  In fact, agents such as myself (if not retail Buyers) were aware — weeks in advance — that both listings were coming on the market, thanks to the listing agents’ pre-list networking.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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