“Top 10” Trends Fresh off the Fall 2012 Parade of Homes — I showed clients eight new homes in and near Edina today — here are the “Top 10” trends in new, upper bracket Twin Cities homes (at least in the eyes of yours truly). A majority of the trends are already well-established in the marketplace, and will...Read More
Days on Market: 1 Percentage of Asking Price: 100% Where: 5231 Washburn Ave. South in southwest Minneapolis’ Fulton neighborhood. What: 5 Bedroom/4 Bath new construction with 3,680 finished square feet. When: on the market June 6; sold June 7 (closed August 7). How much: listed and sold for $825,000. Who: listing agent — Charlie Marggraf; selling agent...Read More
Why do Realtors go to estate sales? To get deals, of course (a big “Thanks!” to the stranger who helped me pick two James Michener novels earlier this morning, for $2 apiece). But also to stay on top of the local real estate market. So, look for a new, $1 million-plus home at 3433 St. Paul...Read More
Want to Be Ready for Spring, 2012? Start Now One of the questions that can come up when you list a home that needs significant updating is, “If we buy this home and put $50k — or $250k — into it, will we overshoot values on the block?” Fortunately, when a $1 million-plus new...Read More
Two Scenarios, One Result With the deadline to raise the federal debt ceiling looming, one of two outcomes appears likely: One. “The band-aid” solution (also known as “kicking the can down the road”). Under this scenario, Congress and President Obama reach some cosmetic, convoluted compromise that essentially buys (more) time. Two. The two parties’ philosophical differences...Read More
30 Slated for Edina So, where is residential new construction in the Twin Cities booming? Try . . . staid, mature — and now sizzling — Edina. At the moment, the city has issued 30 permits to tear down existing housing and construct new. Land and building costs being what they are, you’d estimate that...Read More
