“How Long Was the Home on the Market?” vs. “How Much Exposure Did the Home Get?” With multiple offers making a comeback in parts of the Twin Cities — I’ve been involved in three in just the last six weeks — it seems appropriate to ask, “Did that just-listed home sell TOO fast?” It’s certainly...Read More
Where: 5229 Chowen Ave. South in Southwest Minneapolis. What: 4 BR/2 BA stucco bungalow with 2,100 square feet in mint condition. When: came on the market April 4; under contract April 10. How much: listed for $395,000 Who: listed by Ross Kaplan, Edina Realty City Lakes; sold by Andrew Olive, Edina Realty 50th & France....Read More
The Discount for “Stale?” A Lot. It’s only anecdotal, but it sure seems to me — and many other veteran Realtors — that “For Sale” homes today fall into one of two categories: 1) homes that hit the market well-prepped, well-priced, and with a lot of marketing fanfare — and sell in a few weeks; and...Read More
Where: 2641 Kipling So. (St. Louis Park’s Fern Hill Neighborhood) What: 3 BR/2BA; 1,678 FSF List Price: $165,000 On Market: 2/4/09 Time to sell: 2 days (*estimated) Tax assessed value: $392,000 [Reader’s note: for related posts, see, “Multiple Offers and $40k Over Asking” and “Fern Hill Flip] Even in a soft market, a starter home...Read More
Where: 4241 Basswood Rd. (Fern Hill neighborhood in St. Louis Park)Asking Price: $699,900Sold Price: $670,000Tax Value: $731,000Key Stat’s: 3 BR/3BA; 4,300 FSFMarket Time: one day (12/31/2008) “The reason dolphins have a reputation for saving drowning swimmers is that you never hear from the ones they push out to sea.”–Anonymous There’s no question that the housing...Read More
