“Gorgeous Home With Beautiful Wayne’s Coating” Two new listings + two broker tours + 15 Buyer showings + 3 Purchase Agreements — all since Saturday — equals . . . no City Lakes blog posts. Unless you count this one. P.S.: Thanks to colleague Kathy Dick for hosting the Broker Open at 3806 W. 32nd...Read More
Realtor Rules of Thumb Once upon a time, when homes were cheap, Realtors had a saying: “10 showings, $10,000.” In other words, if a home had 10 showings but hadn’t sold, a $10,000 price cut was in order. Then, home prices went up — seemingly forever — and the phrase fell out of favor. Guess...Read More
City Lakes November Showings It’s easy to get overwhelmed by real estate statistics — even for professionals. For starters, there’s monthly sales data; “pending” sales data (under contract, but not closed); median and average sale prices; number of active listings (inventory), etc. Those data are available locally, regionally, and nationally. Further complicating matters: different “scorekeepers”...Read More
Typical Late August My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc. From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings — which reflect activity 6-8 weeks earlier — are WAY up. Typical late August ....Read More
