Coming (Down) Soon! OK, so — unlike felling a tree — there’s really no “Timber!” sound associated with tearing down a home. But, the graphic above does a nice job conveying the likely fate of the home at 5140 Thomas Ave. South, in Minneapolis’ Fulton neighborhood (between Linden Hills and the Minnehaha Creek). Just so...Read More
What Does it Say About the Neighborhood? Once you get over the initial shock that a meth lab was discovered — and busted — in tranquil Southwest Minneapolis last week, I suppose rational people could draw one of the following two (very different) conclusions: One. Oh my God! Meth has now gotten so out of control...Read More
Key Statistics — and Vacant Sites — To Watch When the economy comes back, where will Twin Cities developers pick up? Most likely, where they left off when the recession and downturn arrived. –Ross Kaplan, “Bare Ground — For Now“; City Lakes Real Estate Blog (2/9/2010) In a post earlier this month titled, “Halftime at...Read More
. . . . 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
Where: Minneapolis’ Fulton neighborhood in SW Minneapolis (one block north of the Minnehaha Creek) What: 2 BR/1 BA; 1,080 FSF. Year built: 1924 When: on market yesterday (June 8) How much: $124,900 Who: listed with Coldwell Banker Burnet It’s never a good sign for prospective Buyers when you arrive at a showing to find several...Read More
