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
Hint: What’s In Between a Buyer’s and Seller’s Market? Along with most large metro housing markets, the Twin Cities has favored Sellers for so long — about 5 years now — that Buyers and Seller (if not their agents) can be forgiven for forgetting that there are two other kinds of markets. The first is...Read More
But First . . . a Brief History Lesson I don’t know about other states ” I’m only licensed to sell real estate in Minnesota ” but here, residential property taxes are due twice a year: May 15 and October 15. Those non-randomly chosen dates stretch back to when Minnesota’s economy ” like practically every...Read More
Three Variables Homes on busy streets typically fetch a discount. Is there an equivalent discount for homes located across from a school? (which, in a way, is really just a subset of the “busy street” discount). I’ve never seen data on this, but I’d guess “yes.” I’d further speculate that the discount varies depending on...Read More
Doesn’t “FD” Stand for “Fire Department?” “Things should be made as simple as possible ” but not simpler.” —Albert Einstein I’m all for making things simpler when it comes to real estate terminology. But, there comes a point where it . . . becomes kind of silly. Exhibit A: showing instructions that refer to the...Read More
Normally, you’d expect a home with only a one-car, tuck-under garage to be steeply discounted. Except in this case, the homes that come with the less-than-ideal garages** are the “Painted Ladies” in San Francisco, a series of Victorian Homes in Alamo Square with spectacular views of the downtown skyline (pictured above). Most recent selling price: $3.1...Read More
