“Priced to Sell?” Not Always Notwithstanding many a listing agent’s assurance to the contrary, not every home is “priced to sell.” When that’s the case, a price reduction is eventually in order. The catch with Minnesota homes that list now and turn out to be overpriced? Four to six weeks into the listing — the...Read More
What Sellers Need: Patience . . . and Price Cuts Not every home on the 2700 block of Ewing Ave. South in Minneapolis is currently for sale. It just seems that way. In fact, on the west side of the street, there is now a stretch of eight homes where four are currently on the...Read More
“Seller WILL Receive Feedback Directly” “You only find out who is swimming naked when the tide goes out.” –Warren Buffett The housing market equivalent of Buffett’s observation would be, “you only (especially?) find out who’s overpriced when the market shifts.” As local Realtors will tell you, the Twin Cities housing market experienced just such a shift over the Summer. From scarcity and...Read More
St. Louis Park’s Most Expensive Home (Still) If only because the Twin Cities doesn’t have many gazillion dollar homes, you seldom see six figure price reductions (more than $100k) on homes listed for sale on MLS. Which is why a $500k price drop yesterday on 2545 Huntington Ave. South — from $5 million to $4.5 million...Read More
The Ayes Eyes Have It, or “Holdover” Buyers & Sellers Anecdotally, Twin Cities agents (myself included) are reporting an uptick in the number of prospective Buyers saving or watching listings on MLS this Summer. A couple months ago, it was typical to have 2-3 Buyers save a listing; now, those numbers can be double or...Read More
Surprisingly Spacious Where: 2921 Huntington Ave South, in St. Louis Park’s Fern Hill neighborhood (and just blocks to Cedar Lake and Lake Calhoun). What: Two-story stucco duplex (up and down) with 2 BR/1 Bath on each floor. How much: $429,900. When: Price reduced three days ago. Who: listed by Ross Kaplan, Edina Realty – City Lakes. Don’t miss...Read More
