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new listing

“New” vs. “Re-List”

Q: When is a “new list” not new? A: When it’s a re-list. “‘Insanity’ is doing the same thing over and over again and expecting different results.” –Albert Einstein Late Winter in Minnesota is about melting snow, lengthening days (finally!), and — to Realtors — re-lists. Lots and lots of re-lists, especially this year. If you’re...
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Broker Tour “Encores”

Second Bite at the Apple One of the cornerstones of a good home marketing campaign is exposure on Broker Tour. Held from 11 a.m. to 1 p.m. every Tuesday (at least in the Twin Cities), that’s when agents showcase their new listings to the Broker community, and other agents get to efficiently keep up with all the new inventory (and frequently, get a...
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Fewer “Leftovers” = Better Market Tone

One Less Holdover in Fern Hill What characterizes a weakening housing market? Currently “For Sale” properties linger inordinately, creating a backlog that undercuts pricing for successive, new listings. What characterizes a firming market? Long-time, “carryover” listings get absorbed, tightening supply and setting the stage for more aggressive listing prices prospectively. Category #2:  Exhibit A You...
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Home Pricing Head-Scratchers

Where’d They Get THAT Number?? Ever ask yourself that while looking at a new listing whose asking price seemingly bears no connection to market reality? In my (Realtor’s) experience, a good one-third of the time, the explanation is just one click away — on the property tax statement showing what the owner originally paid for the house.  Yup —...
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New List in Fern Hill

Fern Hill for (Just Over) $200k! Where: 2615 Monterey Ave. in Fern HillWhat: 2 BR/1 Bath stucco cottage just down the street from Cedar LakeHow (much): $209,900When: on market 2 days (came on Monday)Who: Ross Kaplan, agent; Edina Realty, broker You won’t find a more affordable single family home closer to Cedar Lake than this...
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What Happens at 3:01 P.M.??

Define, “On Tour” Readers will recall my post last Tuesday lamenting (kind of) the dwindling number of free lunches at Broker open houses (“No More Free Lunch — Really“). As I noted then, Tuesday tour is when Realtors view, often by “caravan,” all the new listings on the market. By convention, the time window is...
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