Country Club Extravaganza Country Club is one of the premiere neighborhoods in Edina — indeed, in the entire Twin Cities. Mostly built in the ’20’s and ’30’s, Country Club homes are historically registered, and include some of the most impressive Tudors and Colonials around. There are currently 44 Country Club homes on the market ranging...Read More
Homes That Don’t Measure Up to Their Asking Price The quick Realtor answer to the question posed above? “No, not if the home’s worth closer to $1.3M.” That’s especially true if the owner with the unrealistic price expectations also expects a drumbeat of expensive marketing over the course of a year (or longer) — the...Read More
Now THAT’s Curb Appeal Pop quiz: guess the listing price of this estate-like property (with a setting to go with) in Hopkins’ Knollwood neighborhood (just northwest of highways 169 and 7) : A. $1.29MB. $2.45MC. $949kD. $1.89M Answer: C What’s the explanation? A rough market for upper bracket homes in the Twin Cities; and the...Read More
Marketing Opportunities — Taken & Missed The MLS database has two places — “Public Remarks” and “Agent Remarks” — where listing agents (representing the Seller) can describe the property. Good agents use the Agent Remarks field to supplement and punctuate the home’s key selling points, as described in the Public Remarks. That’s especially the case...Read More
“Active’s” Loom Larger in Pricing Decisions Realtors and Appraisers alike rely on “Comp’s” — comparable sold properties — to estimate fair market value for any given home. By definition, a Comp is similar in style, condition, and size as the “subject property” (the one you’re trying to price); is physically nearby; and has sold in...Read More
Today’s Buyers: Looking for (Affordable) Cream Puffs My quick “snapshot” on the Twin Cities housing market as of St. Patrick’s Day, 2010? It continues to be a schizophrenic market, in which the lower end — defined as under $200k for single family detached — is selling (too?) briskly, and values are hard to find. I...Read More
