2011 vs. 2012 ECRL’s (Edina Realty City Lakes Awards) A year ago, to have the (dubious) distinction of selling the least expensive property in the City Lakes office, the cut-off was $20,000 or so (someone actually sold a $10,000(!) home in 2011). This year? The cut-off almost doubled, to just under $40,000. Estimated commission on...Read More
Yes, I suppose “Ross Capital” and “Ross Kaplan” sound alike. But, no, contrary to what one of my colleagues thought, I’m not moonlighting as an investment manager in another office down the street (above) from the Edina Realty City Lakes Office near Minneapolis’ Lake Calhoun. See also, “The Last Kaplan Standing“; “Mpls. Ross Kaplan...Read More
Hot Property “Home needs some cleaning, painting and small repairs. Nice neighborhood and backyard.” –Agent Remarks; MLS Does a “For Sale” home’s condition matter? The short answer: yes — but price matters even more. Exhbit A Witness this 3 Bedroom/2 Bath Bloomington rambler, listed last week for $130,000. That compares with a 2011 tax assessed...Read More
Bare Cupboards, or “Yes, We Have No Bananas” The big story in the Twin Cities housing market this year — besides infinitesimal interest rates and firming if not rising prices in many neighborhoods — is the lean inventory (hmm . . . do you suppose there’s a connection amongst all those things?). Metro-wide, listings are at...Read More
Wine, Cheese — and Stunning Skyline Views Where: 3150 Calhoun Parkway West #402 on the northwest corner of Minneapolis’ Lake Calhoun. When: 6:30 p.m. to 8 p.m. this Thursday (9/20). What: Sweeping 2,700 square foot condo with 75 foot wrap-around balcony, exquisite custom finishes, and Owner’s Suite with His and Her . . . everything!...Read More
Office, Politics That’s the new, official (Edina Realty) City Lakes office policy, as of this morning, per Office Manager Matt Loskota. With a Presidential election in the offing, some controversial Constitutional amendments on the Minnesota ballot this year — and an office full of opinionated Realtors — that’s a wise policy. Hear, Hear . ....Read More
