Where: 2250 Delaware Avenue in Sunfish Lake. What: 4 Bedroom/3 Bath home with 4,500 finished square feet, built in 1870, and set on almost 19(!) beautiful acres. How much: $2.5 million. When: listed July 31. Who: Seller represented by Karen Antone and Sheri Fine, both in the Edina Realty City Lakes office. Lest anyone (mistakenly) think that...Read More
“Sold, Subject to Inspection” Yes, multiple offers — at least in some neighborhoods and price points — are making a comeback in the Twin Cities housing market today. And yes, at least some would-be Buyers are skeptical that there really is competition for the home they’re interested in. Unfortunately, I only really know one, absolutely...Read More
Days on Market: 1 Offers: 4 Where: 5930 Kenneth Way in Golden Valley. What: 5 BR/3 BR split-level with 2,524 finished square feet on a .38 acre lot; year built: 1966. How (much): listed for $325,000 Who: listing agent — Karla Rose; broker — Edina Realty. When: on market 7/16 (yesterday). How’s the market? For the...Read More
Not Just “Location, Location, Location” Twin Cities home Buyers (and readers of this blog) know that multiple offers are back, big-time, this year. But not everywhere, or for every property type or at every price point. So, what makes for a sure-fire bidding war, like the one that just erupted at 4340 Colfax Avenue...Read More
The Conspicuously Silent Listing Agent At one extreme, there are the listing agents who call your cell phone for feedback while you’re in the middle of the showing (can you say, “overeager?”). Then, there’s the agent I just encountered in South Minneapolis, who listed a brick 1 1/2 story for $20k below market (my estimate) on Friday....Read More
Multiple Offers, Momentum Shifts, etc. Unbeknownst to laymen, there is a predictable ebb and flow in the course of each housing transaction, whereupon each side is most (and least) vulnerable to the other. For a Buyer, the point of maximum vulnerability comes early: that would be after they have verbally come to terms to buy a...Read More
