Tag

outlier

Did the Home Seller Get a Good Price? The Absolutely, Positively Single Best Way to Tell

“Outlier” Comp’s — Both High & Low Wanna guess the single best way, bar none, to know for sure the Seller got a (very) good price for their home? It’s not whether the house sold especially fast, for full price (or higher!), or even received multiple offers. All those metrics can be misleading, for a...
Read More

Average Jan. 2015 Sales Price in Fern Hill Tops $1 Million(!!)

Three Caveats — & One Big Outlier Prices in St. Louis Park’s “first alphabet” Fern Hill neighborhood have been appreciating smartly over the years. Which only makes sense:  the high-demand neighborhood is just west of Cedar Lake; close to downtown Minneapolis and Uptown (but not too close); and has been enjoying a wave of major...
Read More

A (Housing) Market of One

Of High Tides and Homes A recession is when your neighbor loses their job.  A depression is when you lose yours. –Harry Truman A good economy is when you get a raise.  A great economy is when you get a raise and a promotion. –Corollary, Ross Kaplan What do those observations have to do with...
Read More

Archives