March 9, 2016

Listing Inventory Starting To Increase!

 

Looking at homes for sale in Longfellow Minneapolis. The inventory was down 30% just 2 weeks ago at 28 homes on the market. Currently there are 36 homes on the market. That's an increase of 23%. Thirty-six homes for sale is still a low number of homes for sale. The real estate market in Longfellow, Minneapolis, and the Twin Cities is really hot right now. We have had multiple houses in multiple offers over the list price already this year. If you see a home you like be sure to call us right away so that we can get in to see it before it's gone. 612-729-7130. 

 

Selling your Longfellow home? Click here for a Free Home Evaluation. 

Feb. 9, 2016

The most expensive house in Fulton Neighborhood of Minneapolis Right Now

The Fulton Neighborhood of Minneapolis has so much to offer with Lake Harriet, 50th & France shopping, Southwest High School and other great schools. If you are looking for one of the best homes for sale right now in Fulton the current highest list price on a home here is $1,749,000. Click the link below to see this beautiful five bedroom, five bathroom, 6,000+ square foot home.

 

http://www.minneapolisstpaullistings.com/property/4662252/

 

Have a great day!  -Travis

Feb. 8, 2016

"There are no homes for sale!"

This is something we have been hearing from a lot of buyers lately. There just aren't a lot of homes to choose from right now. Even so, we have been finding people homes. If you look at it the buyers are partially right. There are a lot less homes for sale right now than there were this time last year in Minneapolis. Minneapolis as a whole has 18% fewer homes for sale than at this time last year. The Linden Hills neighborhood of Minneapolis has 7.8% less homes for sale. The Longfellow neighborhood of Minneapolis has 29.5% fewer homes to choose from and Nokomis has 22.4% less inventory than this time last year. If you are a buyer and excited about the low interest rates but can't find what you are looking for... "hang in there." We are coming up on the time of year when the highest number of homes go up for sale. If you are a seller... you should be excited! Low interest rates + low inventory = a higher sale price for you in most cases. 

 

If you want to buy a home in Minneapolis start your search here.

 

If you want to sell a home start here for a free home evaluation. 

Jan. 27, 2016

Is now a good time to sell?

Have you been on the fence about whether to sell your house or not? A lot of people are in the same boat. Maybe they bought at the peak of the market before the crash and aren't aware of what their home is really worth right now. Or, they are worried about not being able to find a house because of the low inventory levels right now. You are not alone if have doubts about what to do. 

Let's get into what the market is currently doing. In the Twin Cities metro area the inventory overall is at 3.4 months. That is the lowest since March of 2014. That also puts us still in a sellers market! Anything under 4 months is considered a sellers market. Five months would be a balanced market. Anything 6 months or more would be a buyers market. You only have to look back to April of 2012 to find inventory levels in the Twin cities that were 6 months or more. April of 2012 had a 6.2 month supply of homes. What does that mean? The easy answer is this...if nothing else came on the market it would take 6.2 months to sell all of the properties currently on the market. 

Real Estate is an ultra local thing. There are different markets within micro markets. For instance, houses in the $200,000 to $300,000 price range in Longfellow Minneapolis for example, might have a current supply of 1 month. Where houses priced over $700,000 may be a 5 months plus supply. That same thing can be true for many areas of Minneapolis and St. Paul, and even in the suburbs. 

If you are thinking about selling... it is important to analyze the inventory levels in your specific price range. That along with the pending ratios will tell you how good of a market it is as it relates to your house. 

Back to is now a good time to sell? With the inventory levels being the lowest since 2014, absolutely its a good time to sell. In some neighborhoods there are fewer homes for sale than at any other time that I can remember. This gives you more eyeballs on your home. Already, we have been receiving multiple offers on homes in January. We are also coming up on the time of year when the most number of homes come on the market. So, I couldn't think of a better time to make the move that you been wanting to make. 

If you also need to sell your house when you buy a home, you can check your home's value at my website, www.equityeval.com

If you have any real estate questions or would like us to help you buy or sell a home... reach out to us. We'd love to talk to you. 612-564-0840. 

Have a great day! 

 

- Travis 

Dec. 12, 2015

One of the Biggest Mistakes Minneapolis/St. Paul Home Buyers Made in 2015

Hi!  2015 was another exceptional year in real estate. The low inventory and low interest rates, and hungry home buyers drove up demand for homes for sale here in the Twin Cities and Nationally. Multiple offers were the norm in many neighborhoods. I would estimate that 85% of the sellers I worked with this year received multiple offers on their home.  If 2016 is going to be anything like 2015... then there is a good lesson that you can take from the market in 2015 moving forward as a home buyer. 

One of the biggest mistakes that home buyers made in 2015 was waiting for the open house to see the home. By the time the open house rolled around many of the properties were already sold. Some properties waiting until the evening was waiting too long. If you went to see the property in the morning and we got an offer in early we were able to secure the house for the buyer before multiple offers had a chance to develop. 

We are one of the best real estate teams in Minnesota because we are laser focused on making a positive impact on our clients lives through real estate. This means that we will be honest with you. We will go the extra mile. It is our goal to treat you as if you are our only client. We will tell you if it's a good deal or not. We will tell you our honest opinion if you should just pass on the house. It is our firm belief that we would rather lose a "sale" than help our clients buy something they don't love! It doesn't matter to us how long it takes you to find a house, just as long as the house you buy is the right one for you.  Good luck out there the rest of 2015 and in 2016. If you are going to buy or sell real estate we would love the opportunity to talk to you to and be your expert advisor throughout the process. Thank you! Travis 

 

Jan. 20, 2015

St. Paul Real Estate & St. Paul, MN Homes For Sale

The real estate market in St. Paul has definitely come a long way in the last 5 years. After dipping to $134,851 in 2009 it rebounding slightly for about a year to $147,856 after the tax credits for home buyers only to drop back to $134,616 in February of 2012. Then is "hockey sticks" up to $193,012 in December of 2014. That is up 30.3%! This is what the recovery looks like. It's helped people who couldn't sell just a few years ago be able to sell now. It has also given confidence to people to go out and buy that house that they've been wanting and to feel safe that their investment isn't losing value the day after the closing but is on an upward trend. 2015 is going to be another good year in real estate  for St. Paul.   If you have been wanting to buy a home you can search all of the St. Paul Real Estate and St. Paul homes for sale, just click here.

 

 

 

Jan. 20, 2015

Minneapolis Real Estate & Minneapolis Homes For Sale

Real Estate in Minneapolis has come a long way in the last 5 years. The lowest average sale price in Minneapolis was August 2009 at $175,795. As of the last data available the average sale price in Minneapolis is $263,552. That's up 33.3%.  This comes from the Northstar MLS and © 2010–2014 10K Research and Marketing®. This has helped many people who are selling their home to be able to when just a few years ago they were under water on their mortgage. The market already is heating up this year in January. It's going to be a great year in real estate here in Minneapolis. 

To search all real estate and homes for sale in Minneapolis, click here. 

Jan. 1, 2015

Linden Hills Real Estate

If you are looking to buy your dream home in 2015 you should look in Linden Hills.  Linden Hills is the premiere southwest Minneapolis neighborhood. It borders Lake Harriet, Lake Calhoun, Fulton, and Edina by 50th and France. There are award winning schools and lots of fun things to do around the lakes, shopping, and great restaurants. 

Currently, there are 38 homes for sale for you to choose from. The prices on these Linden Hills homes for sale range from $1.8 Million down to $164,900 on France Ave.  Do you think that Linden Hills is a good place to invest your hard earned money into a home?  Check this out... In 2007 Linden Hills peaked at an average sale price of $532,055. In 2014 according to the Northstar MLS, the average sale price is $604,916.  That is 12.1% higher than the peak price!  Linden Hills is in HIGH DEMAND! When some Minneapolis neighborhoods are still below their peak levels in 2006-2007, Linden Hills has crushed it's past peak average sale price levels. You'll love the activities to do there, the people, and the property.  

 

Click here to view all of the current homes for sale in Linden Hills!  

 

 

 

 

Jan. 1, 2015

Fulton Real Esate

Happy New Year!!! It's a new year and a perfect time for you to get that new house you've always wanted. The Fulton neighborhood in Southwest Minneapolis right by Lake Harriet is a great place to find your dream home. Not only do you have access to Lake Harriet, but there are also award winning schools such as Southwest High.  You can also walk to 50th and France shopping and restaurants.  

Currently there are 39 homes for sale in Fulton. They range from 2.5 million dollars with Lake Harriet Views all the way down to $239,000 for a two bedroom homes for sale. You can buy with confidence in the Fulton Neighborhood has an average sale price of $476,727 according to the Northstar MLS.  That is 11.5% higher than the peak average sale price in 2006 of $422,333. Fulton is a high demand area and your investment into purchasing a home there will be a wise one. 

 

Click here to see all of the homes for sale in Fulton.  

 

 

 

 

Nov. 26, 2014

Zillow, Schmillow!

I actually do like Zillow. I think they have a good site. Is it right? No, I just helped a client buy a home that was listed at $344,900 and the Zestimate was $344,500. We got it for $300,000.  Will Zillow ever be right? No, not on any consistent basis. Is your home exactly like your neighbors house? Absolutely not! No two homes are exactly alike. There is no possible way for an algorythm to tell you what you house is really worth. Zillow, every once in a while will come close on price. But, coming close is the exception. It's like winning the jackpot at the Casino. It happens every once in a while. Of course, the casino ads all show the lucky winner. Save yourself a lot of money and heart ache. Higher an expert to help you analyze your next purchase or home sale.

We always do a complete market evaluation on any home our clients want to purchase to make sure they know the true value of that home. We always to a full market evaluation on any home our seller clients want to sell to ensure we are selling for the absolute top dollar. 

 

Don't leave it to chance. Give us a call today if you are thinking of buying or selling real estate. 612-729-7130. 

 

Thank you, 

Travis