“Location, Location, Location” “Context, Context, Context” What can you confidently say about a “For Sale” home whose price was just reduced, days before Christmas? A. The home is now a bargain. B. The Seller is motivated. C. The Seller’s Realtor (listing agent) is motivated. D. The home is better-priced** than it was before. Correct answer:...Read More
4 BR/3 Bath Colonial Just Blocks From City Lakes What: 4 Bedroom/3 Bath two-story Colonial with 2,650 finished square feet on a gorgeous, level .20 acre lot. Where: 2851 Huntington Avenue South in Fern Hill; about four blocks southwest of Cedar Lake, and one mile west of Lake Calhoun. How much: just reduced from $600k to $575k. Who: listed...Read More
Just West of Cedar Lake Where: 2508 Joppa Ave. South just west of Cedar Lake. What: Sprawling 4 BR/3 Bath Rambler with over 3,500 finished square feet on a gorgeous, 80′ x 147′ lot. How Much: Just reduced $20k, to $569,900. When: listed May 11 (11 days on market). Who: represented by Ross Kaplan, Edina Realty...Read More
Difference Without a Distinction? The most recent MLS tweak is a change to how market time is reported. Previously, the acronym was “CDOM,” for Cumulative Days on Market; it reflected how long a given property was on the market since listing. Shouldn’t That Be “DOMP??” MLS still shows “CDOM,” but now it also displays something...Read More
Three Strikes “One Strike and You’re Out!” In the rest of the country, Fall may just be getting underway. But here in the Twin Cities, many of the leaves are already off the trees, and there’s a hint of winter in the air. At least today, with temp’s in the 40’s and precipitation (that wasn’t sleet,...Read More
“Long-Time Buyer Needs” A fixture of most broker weekly meetings is the 15 minutes or so allotted to “Realtor Networking.” The purpose is to give office Realtors a forum to plug their current and upcoming listings; promote listings that have just had price reductions (“price improvements”); and to broadcast what their Buyers are looking for....Read More
