Fern Hill Colonial Featured in NY Times Real Estate Section It’s always a shock to read a national publication and see a home you recognize — in this case, one that I’ve shown multiple clients and is literally less than a block from where I live (by Minneapolis’ Cedar Lake). As you’d expect, the home photographs...Read More
Photos That Are One Season (or More) Behind Why does it matter when a home originally listed? Because price varies (negatively) as a function of market time. Translation: owners have the most pricing power soon after their home debuts on the market, and gradually lose leverage thereafter. Cockroaches & Dated Photos So, looking at the...Read More
1st Home? Try, 2nd (or 4th) According to the developer of 432 Park, there are already signed contracts for nearly $1 billion worth of apartments at the building; total sales are expected to surpass $3 billion. About half the buyers are foreigners; only about a quarter of the units will be occupied at any one time....Read More
Hobby Farm in the City (Minus the Farming) You don’t normally expect to find a big home on 7.6(!) acres within 15 minutes of downtown Minneapolis. In a very expensive neighborhood, to boot. For basically the price of just the land (if not much less!). But that’s exactly what’s for sale on McGinty Road in Minnetonka right now....Read More
Misleading Marketing Judging by the photo (above), the far end of the porch looks like it’s practically in another zip code. It’s not. According to MLS, the porch measures a rather modest 14′ x 4.’ Hmmm . . . I wonder how the photographer made it look so big (actually, I don’t).Read More
When It Won’t Work to Put Chocolate Chip Cookies in the Oven Kudos to Edina Realty colleague Eric Schiller, who hosted what was — at least to my knowledge — the first Sunday open house for a vacant lot, at 4032 Wayzata Blvd. in Golden Valley’s South Tyrol neighborhood. Here is Eric’s report: “I had...Read More
