15 Closings(!) Today at Edina Realty – City Lakes Title “April showers bring May flowers.” –old saying “July deals bring (late) August closings.” –real estate corollary Combine a very slow-to-start Spring market, surprisingly low interest rates, and a looming month-end, at least for business (Fri., Aug. 29), and what do you get? An exceptionally crowded...Read More
Quality > Quantity Buyers (at Least Until After Labor Day) The Holidays . . . the post-Holidays . . . any stretch in Winter when it’s well below zero. And mid-to-late August. What do all of those periods have in common? They’re all predictably slow for housing transactions in the Twin Cities. Late Summer Slow-Down...Read More
From a Seller’s to a Buyer’s Market? The catalyst(s) and pace may vary, but the dynamics of a housing market shift — most recently from a Seller’s market to a (nascent) Buyer’s market — are unvarying. And that’s regardless of locale or calendar (i.e., it describes Las Vegas 2007 as well as Orange County in...Read More
Other People’s Lake Views, or, “Not . . So . . Fast” Put it this way: I’ve never seen a supplement on MLS for a turret before (the proposed home that goes with is pictured above). Here’s what it says on MLS: SPECIAL FEATURE! The Turret area is designed to have a spiral staircase leading...Read More
The cute two-story Linden Hills (Minneapolis) home I saw on tour this Tuesday certainly had its charms: good curb appeal, updated Kitchen, nice backyard. But, there were plenty of negatives as well, starting with low overhead upstairs — I doubt much over 7′, the legal minimum for finished square feet; the three upper level Bedrooms were...Read More
Calendar Confusion Edina Realty – City Lakes has eight homes on today’s Broker Tour (that’s a lot). And it’s not just my office: the list of homes on tour, market-wide, is more characteristic of March or April, not early August, when things are typically slower. That’s good news for Twin Cities Buyers, less so for Sellers, who...Read More
