Following and Hot Off the Press is the 2023 Minneapolis Area Association of Realtors Twin Cities Real Estate Market Report! This is an in-depth annual report on the Twin Cities housing market broken down into specific areas and neighborhoods. There is an abundance of information on the residential real estate market activity in the 16 county Twin Cities region of Minnesota. Continue Reading
2023 Mpls/St Paul Magazine Super Agent Award!
I would like to thank my clients and associates for awarding me the 2023 Super Real Estate Agent title by the Minneapolis St. Paul Magazine and the Best of 2023 designation by the Twin Cities Business Magazine! I am both proud and humbled to be recognized for my continued work in the industry and look forward to serving the future real estate needs of my friends, family and Continue Reading
Tonka Woodcraft Neighborhood Road Construction Project
Holy Hanna... will it ever end? The City of Minnetonka is currently in the middle of a 2 year street reconstruction project in the Tonka-Woodcroft neighborhood of Minnetonka (view map), which includes all streets south of Minnetonka Boulevard between Steele Street and Larchwood Drive. The proposed construction will include new roads, concrete curb and gutter. Sanitary sewer, water main Continue Reading
2022 Twin Cities Real Estate Market Report
Following is the 2022 Minneapolis Area Association of Realtors Twin Cities Real Estate Market Report! This is an depth annual report of the housing market broken down into specific areas and neighborhoods. There is an abundance of information on the residential real estate market activity in the 16 county Twin Cities region of Minnesota. Enjoy! Continue Reading
Minnetonka Real Estate 2021, A Crazy Year in Review
2021 was a wild and crazy year for Minnetonka real estate along with pretty much the entire Twin Cities area. I personally competed for my buyers on a number of homes in multiple offer situations with 12 or more offers on the table. We won quite a few but lost some as the prices other buyers were willing to offer just did not make sense. In one case, a $500,000 (list price) Minnetonka home Continue Reading
Contractors Hard to Find Amid Renovation Boom
Following is an article written by Lauren Lawley, Head freelance writer with The Business Journals Content Studio. Below the article is a link to the full article on their website. Renovation boom drives demand for contractors Most U.S. homeowners are ready for a change. Whether it’s turning a bathroom into a spa-like retreat or bringing a fresh look and smart appliances into Continue Reading
The Impact of Student Loan Debt
According to Forbes, there is about $1.7 Trillion dollars in student loan debt. Which is understandable why student debt is delaying consumers decisions to purchase a home and hampering their ability to save up for a down payment on a home. Since 2013, the National Association of REALTORS® (NAR) has collected primary research examining the effect student loan debt has on successful and Continue Reading
Corporate Buyers are Purchasing Twin Cities Homes
I am seeing more cash offers from corporations on my clients properties than anytime in the past. These corporations are directly competing with not only first time homebuyers but also move up buyers and even buyers of cabins and lake homes. Residential real estate has been slowly transformed over the past few years by corporate buyers who turn single family homes into rental properties and Continue Reading
Cash Offers Are Blocking First-Time Buyers
I am seeing cash offers win a few bidding wars however that does not always need to be the case. Sure Cash is King as the saying goes however my sellers have accepted mortgage backed offers over cash and my buyers have won bidding wars for property with mortgaged offers. If there is a will, there is a way. Sorry, another old saying... Anyway, I would say corporate offers for property are Continue Reading
Minnetonka Real Estate – June Report
Last month we saw the Minnetonka real estate listing activity go way up and now we can see the results of those new listings with a 29% increase in closings over the same period last year and a whopping 22% increase in the median sales price! Following is the June Minnetonka Local Market Update from the Board of Realtors. Continue Reading
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