. . . . When Overall Housing Prices are Static How can housing prices (average and median) be galloping ahead in some Twin Cities neighborhoods, when overall prices are only modestly rising (from still very low levels)? Easy. Explanation #1: not all neighborhoods are experiencing modest appreciation — some are doing GREAT; and Explanation #2: tear-downs....Read More
Two Theories I have two theories about why I saw so many cars pulled over, being ticketed on the side of Twin Cities roadways this weekend: One. With so much road construction — 494 between Penn and Highwy 100 was completely closed today, to pick just one example — once you’re finally free of congestion, you’re aggravated and/or...Read More
5652 Woodcrest Drive in Edina At least a few would-be Buyers of well-priced, $1 million-plus homes in mint condition in East Edina are scouring the housing market with a little more urgency today. Why? Because 5652 Woodcrest Drive in Edina’s Colonial Grove neighborhood — a home exactly described by the above profile — just sold in multiple offers....Read More
I’m not saying the Edina Perkins was jammed with families earlier this morning. But put it this way: I walked up to two other, gray Honda minivan’s before finally finding my own, and successfully opening it. Like ours, each of the other minivans was full of car seats, empty soda cans, and various detritus that will...Read More
Definition of “Knockout Millwork” What’s the definition of “knockout millwork?” You’re looking at it (above). That would be the view from just inside the entrance of 4609 Browndale, John Everett’s new listing in Edina’s historically designated Country Club neighborhood. Wowed . . . by the Basement You know a home has amazing millwork (moldings, trim,...Read More
“Go This Way (Not That Way)” The most interesting thing about this morning’s Exceptional Properties meeting — at a $3.5 million chalet-style mansion in Southwest Edina — wasn’t the home, but the route the listing agent marked for Realtors attending the meeting. Especially when a home is tucked away or otherwise hard to find, it’s...Read More
