Tuesday, April 28, 2009

Very Useful Minneapolis-St. Paul Neighborhood Website

Attention home shoppers looking in the confines of either Minneapolis or Saint Paul:

Spend some time here! This site offers a great deal of information on our fair cities including neighborhood incentive programs, school district info, and even gives each area a "walk score" which rates the neighborhood on the amenities located within walking distance.


Eden Prairie Listing Lowers Price

Our listing at 13976 Wellington Drive in Eden Prairie lowered it's price to $234,900. More information on this exceptional property can be found here.


Thursday, April 16, 2009

National 1st Quarter Foreclosure Data Released

Yep, another quarter and another new foreclosure record. The foreclosure rate in America rose 9% to start 2009 the New York Times is reporting. We should have local area information soon. Minnesota will certainly have it's fair share of the increase but other ares of the country (So Cal, Florida) have been hit much harder.

See the complete article here.


Tuesday, April 14, 2009

Sales Up/Inventory Down!

Recent data indicates that the last couple of weeks have seen an increase in activity in the market - busiest week for sales in two years. Inventory (the culprit behind the market slowdown) is down substantially from a year ago. This is one small step towards market stability. See the information below from the Minneapolis Area Association of Realtors -

* 1004 sales reported for week ending April 4 - as 28.7 percent increase over the same week last year and the single best week since May of 2007

* There are currently 26,085 homes on the market - 17.5 percent below this time last year.