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

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

Spring has Sprung and new listings in this HOT Minnetonka real estate market are finally on the rise! The following Local Market Update from the Board of Realtors shows a 20% increase in homes hitting the market with a 23% increase of closed sales over the same period last year. The report also shows a 1.9% increase in sales price which I find hard to believe as I am seeing multiple offer Continue Reading

I hired Craig Anderson to take a few drone photos of Lake Minnetonka and the fall colors from high above the lake. His amazing work is below, but first, a little about the man. Meet Craig Anderson; Life saving Emergency Medical Services (EMS) Critical Care Paramedic by day, creative real estate photographer/drone pilot by night! (actually in his free time, when he's not saving lives or having Continue Reading

The 30-year fixed rate mortgage came off its recent all-time lows to average near 3% this week. The 10-year Treasury yield, which mortgage rates closely follow, hit its highest level in the past year, prompting the increase in rates. “As the economic recovery progresses, mortgage rates are expected to rise further in the upcoming months,” writes Nadia Evangelou, senior economist and director of Continue Reading

The City of Minnetonka annual online Tree Sale starts Monday, February 8th at 8:00 AM. You may preview the trees for sale and order them online here on the City of Minnetonka Website.  The city is selling trees at bargain prices to Minnetonka residents. Since 2007, approximately 17,000 young trees have been sold through the city’s annual tree sale, increasing the diversity and resilience Continue Reading

Following is the just released and Hot Off the Press 2020 Minneapolis Area Association of Realtors Real Estate Market Report! This is an 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. Enjoy! Continue Reading

One level living is quite possibly the top real estate search phrase of the Baby Boomer Generation. The term "One Level Living" represents homes, town homes and condos with all of the living facilities located on the main level. The living room, family room, dining room, kitchen, laundry and at least one of the bedrooms and a full bath should all be located on the main level with no interior Continue Reading

We are now in the fall real estate season and the Minnetonka real estate market is showing no signs of slowing down. Multiple offers are still the norm with mortgage interest rates at historic lows and no sign of going up any time soon. We are still dealing with Covid-19 concerns however Realtors continue to do business, just differently. Continue Reading

Roby and I were fishing on Lake Minnetonka (actually I was fishing, she was reading and taking in the fall colors) when an antique wood boat cruised by. It was beautifully restored and completely silent as it passed.  We looked at each other in disbelief and then back at the boat as it sped away across the lake with a nice wake behind it and still in complete silence… I fired up my definitely Continue Reading