Shadow Inventory . . . in the Same Building There’s been much talk of “shadow inventory” that wanna-be Sellers are poised to put on the market once conditions strengthen. We’re about to find out, because there are increasing signs that the lower end of the market is stabilizing, if not rising. In the meantime, the...Read More
Latest Chapter in Fern Hill Foreclosure Where: 26xx Kipling Ave. South (St. Louis Park’s Fern Hill Neighborhood) What: 3 BR/3 Bath; almost 2,800 FSF home How much: $429,900 (Pending) Market time: 2 weeks This home caught my eye because: 1) it just went pending; and 2) I didn’t recognize it — and I know the...Read More
Where: 2600 Inglewood, in St. Louis Park’s Fern Hill neighborhood What: 3 BR/2BA Georgian Colonial with just under 2,000 FSF How Much (Asking Price): $374,900 When: May, ’09 Who: Ross Kaplan, listing agent Case-Shiller may show that the Twin Cities dropped 6.1% in March, but that didn’t stop this handsome Colonial from selling quickly (technically,...Read More
“If you hit a wrong note once, then shame on you, but if you hit it twice then you’re playing Jazz.” –old joke amongst musicians As the parent of a 9 year-old boy, I’ve observed how one (slightly) nerdy kid can be a lonely island, but two is suddenly . . . a club! (It’s...Read More
Where: 2641 Kipling So. (St. Louis Park’s Fern Hill Neighborhood) What: 3 BR/2BA; 1,678 FSF List Price: $165,000 On Market: 2/4/09 Time to sell: 2 days (*estimated) Tax assessed value: $392,000 [Reader’s note: for related posts, see, “Multiple Offers and $40k Over Asking” and “Fern Hill Flip] Even in a soft market, a starter home...Read More
