Where: The Whitney (downtown Minneapolis) What: 2,400 FSF condo with 3 BR/3BA How (much): ask price – $1.075M; sold price – $675k When: listed June 4; closed Aug. 13 Asking prices mean a lot less to Realtors than to the general public. Case in point: this 2,400 FSF condo at The Whitney, a high-end boutique...Read More
Is it REALLY “Below Market Value?” As many Sellers already know, it’s a tough market out there, especially in the higher brackets. So, to let prospective Buyers know that their home is a deal, more Sellers (or their agents) are peppering their marketing with phrases like, “asking price less than market value.” Is it? “That’s...Read More
Home Focus: 38xx Harriet Ave. (South Mpls.) What: 2 BR/2 BA; 1,364 FSF in South Minneapolis’ Kingfield neighborhoodWhen: On market 4/17/09; closed: late MayList Price: $75,000Sold Price: $91,000% Over List: 21% This home sold for $91,000 — a mere 21% over asking price. I was told that there were at least 8 offers on this...Read More
