“What’s That House Cost?” — Vol. #42 Want to buy 100 shares of Microsoft? If the last trade was for $25.43, it’s a good bet that you’ll have to pay . . . .$25.43 (or maybe $25.42 or $25.44). Want to buy a nicely updated, four Bedroom Colonial in East Edina? That’ll be . ....Read More
Not So Recession-Proof, After AllNo, it’s still not cheap by Twin Cities-wide standards, but asking prices for Edina homes have come down dramatically in the last 2-3 years: from $350 to even $400 per finished square foot (“FSF”) in mid-2006, to around $200 per square foot today. Translated into bricks-and-mortar choices, that means that $600k...Read More
Attributes of Tear-Down Neighborhoods I’ve posted previously about the somewhat counter-intuitive attributes of tear-down houses (“Tear-Down Economics,” “Contender . . . or Pretender?”), so I’m not going to revisit the analysis here. However, tear-down neighborhoods — areas with lots of tear-down activity — also have their own attributes. Here’s what they seem to have in...Read More
“They’re Asking How Much??” Where: 5500 Park Place, in Edina’s South Harriet Park neighborhoodAsking Price: $549,900 (white picket fence included)Key Stats: 3 BR/2BA; 1,500 FSF. Year built: 1947Lot Size: 60′ x 134.8′Time on Market: 64 days In any other Twin Cities neighborhood, this unassuming 3BR/2BA home with a white picket fence would be worth $150,000,...Read More
