Home Prices vs. Price Per Square Foot If all you had to go on was the graph (above) showing median home sale prices, it would be easy to field the question, “Which suburb is more expensive, Minnetonka or St. Louis Park?” Answer: Minnetonka, where the median sales price of $340k (as of September 2018) easily eclipsed...Read More
Man Bites Dog — Real Estate Edition; or How Big is Too Big?* First, a stipulation: in my experience selling residential real estate in Minnesota for over a decade, something like 95% of the time a listed property’s square feet on MLS is accurate to within a few percentage points, max, of the actual square feet....Read More
Man Bites Dog — Real Estate Edition The vast majority of the time — like 99% — when real estate statistics are off, they’re off on the, shally we say . . . “embellished” side.* So, the 1 1/2 story is billed as a 2 story, the 1,800 square foot home is billed as 2,000,...Read More
. . . when the listing agent — plugging the (new) listing at the weekly Tuesday office meeting — starts by saying, “Well, let’s see, on the first floor, there’s over 5,000 square feet . . .” If you don’t know houses and square feet, a larger two-story family home with, say, 4 BR and 4...Read More
“Man Bites Dog” — Real Estate Version, or Realtor Fish Stories I literally can’t count how many times I’ve seen a 1.2 story home billed as a 1.5 story on MLS (trust me, if you’re over 5′ 4″, the difference is significant). See, “When is a 1.5 Story Not a 1.5 Story?” And sometimes, I’ve...Read More
