32(!) Offers for One House Rampant multiple offers were a staple of the 2005-2006 housing market, too. But back then, at least in my experience, once the listing agent had received 4-5 offers, other prospective Buyers tended to bow out rather than contribute to the feeding frenzy. Today, that no longer seems to be the...Read More
Multiple Offer Aftermath: 21(!) Runner-Up Buyers How crazy is the Spring, 2017 housing market? Consider the activity at 2850 Florida in St. Louis Park, listed by Edina Realty – City Lakes’ Susan Melbye for $250k last Thursday (March 30): Days on market: 4. Showings: 60+ (including one of my Buyers). People thru Sunday open house...Read More
. . . . Housing Market, That Is Never mind the heat and humidity the past week . . . how hot is the Southwest Minneapolis housing market? At least for well-priced, well marketed homes under $400k . . . very (hot). Instant Multiples The home at 3537 Aldrich — listed for $339,900 by Edina...Read More
Hot Property “Home needs some cleaning, painting and small repairs. Nice neighborhood and backyard.” –Agent Remarks; MLS Does a “For Sale” home’s condition matter? The short answer: yes — but price matters even more. Exhbit A Witness this 3 Bedroom/2 Bath Bloomington rambler, listed last week for $130,000. That compares with a 2011 tax assessed...Read More
You Read it Here — and Here, and Here — First “Stunned Home Buyers Find the Bidding Wars Are Back” —Wall Street Journal (April 27, 2012) So, more than 2/3 of the way into the Spring housing market, The Wall Street Journal is running a story, today, about the reappearance of multiple offers. Contrast that...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
