Test your knowledge of the Twin Cities housing market, and answer the following multiple choice question: Where is the to-be-built home pictured above and below located — and what is the asking price? A. Edina’s South Harriet Park neighborhood; asking price: $1.2 million. B. Edina’s Morningside neighborhood; asking price: $875k. C. Between Diamond Lake and...Read More
Stylish Minnetonka Colonial With $100k(!) Updates for $434,900 Where: 10901 Sumac Lane just northeast of Hopkins Crossroad (Co. 73) and Cedar Lake Rd. What: 4 Bedroom, 4 Bath Colonial with over 2,800 finished square feet on a .31 acre corner lot. When: listed April 14 (days on market = 3). How much: $434,900 Who: listed by Ross Kaplan, Edina Realty – City...Read More
If you want a nice, big home on Minneapolis’ Lake of the Isles or Lake Calhoun, it’ll set you back $1 million (easy). Too much? Then consider (much) more affordable Lake Nokomis, convenient to Minnehaha Falls, light rail, downtown, and the airport.* List price for this 4 BR/3 Bath home on the Lake’s southeast corner is $550k. *The...Read More
Now, THAT’s a Deal! “An overpriced “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first law of real estate; “Market Appreciation vs. Home Depreciation” (10/23/2013) Here’s a news flash for at least some prospective home Sellers: even in a Seller’s market like today’s, not everything sells right away,...Read More
When You’ve Got It (Curb Appeal), Flaunt It I don’t believe I’ve seen another example where a dormer (white) contrasts so dramatically with the rest of the home (dark green for the trim and 2nd floor shakes, light green for the first floor stucco). But the effect works! Curb appeal is inherently subjective, but this home...Read More
Tear-Downs Spread to Less Expensive Neighborhoods, Busier Streets Literally one day after the Golden Valley home pictured above sold for $77,000 last month ($2k over ask), the new owner listed the to-be-built new construction on MLS (photo, below). Asking price: $449,900 for 5 BR/4 Baths and almost 2,900 finished square feet. Not a bad bump,...Read More
