Median Sales Price Exceeds $200,000
Median Sales Price Exceeds $200,000 ... Highest
Since 2007
Minneapolis, Minnesota (July 11, 2013) -In light of a 14.2
percent increase in pending sales, Twin Cities home buyers
seem unphased by recent mortgage rate increases. Even
with rates around 4.5 percent, the housing stock remains
highly affordable by historical comparison. In 25 of the past
26 months, there have been year-over-year gains in pending
sales; and the metric is currently at its highest level since
June 2006. House hunters are watching seller activity for
clues of additional inventory. New listings rose 20.0 percent,
the second-largest gain since March 2010. Buyers have
15,193 properties from which to choose - 17.2 percent fewer
than in June 2012 but
17.4 percent more than in
January 2013.
The median sales price
for the metro area rose
17.5 percent to $210,000.
That's the highest median
sales price since
December 2007. A shift in
sales types is driving this
price recovery. As
recently as February 2011, foreclosures and short sales
comprised 61.5 percent of all sales activity. In June 2013,
these two distressed segments together comprised just 21.7
percent of all sales. On the seller side, the percentage of all
new listings that were distressed in June fell to 16.8 percent,
its lowest level since September 2007.
"As a result of fewer distressed properties and more,
higher-priced traditional properties selling, home
prices ...Click here to read more....
July Monthly Skinny Video
Where has the Twin Cities real estate market been and
where is it heading? This monthly summary provides an
overview of current trends and projections for future activity.
Video produced by Chelsie Lopez.
In This Issue
Median Sales Price Exceeds $200,000
July Monthly Skinny Video
Just Listed!
Just Sold!
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15217 Crystal Lake Terrace, Burnsville Virtual Tour
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Monthly Skinny: July 2013
Just Listed!
13940 Pennock Avenue, Apple
Valley $319,900
Stunning 2-Story Nestled on Private
& Wooded Lot! Bright, Open & Very
Spacious Floor Plan, Gourmet
Kitchen with Butlers Pantry, Corian
Coutertops & Hardwood Floors,
Family Room with Fireplace and
Built-ins, Extra-Large Owner's Suite & Bath, plus Private
Deck! Finish Lower Level to Build Equity!
15217 Crystal Lake Terrace,
Burnsville $299,900
Gorgeous 2-Story Nestled on
Private, Treed Lot with Covered
Front Porch! Completely Updated
with All New Trim and 6-Panel
Doors. Enjoy New Kitchen
Cabinets, New Windows & Roof. Also boasts Newer
Flooring, Updated Baths, Large Bedrooms, Finished Lower
Level & Private Yard! School District 196.
13868 213th Avenue NW, Elk
River $279,900
Stunning 2-Story Nestled on
Private, Treed Lot! Upgrades
include Office with French
Doors,Gourmet Kitchen with
Hardwood Floors, Family Room
with Fireplace, Luxury Owner's
Suite, 6-Panel Doors, Beautiful Deck, Finished Walk-out
Lower Level! Windsor Park Across the Street, See it Today!
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6134 Lower 161st Street SW,
Rosemount $249,900
Wonderful Multi-Level features New
Windows, New Siding and Roof.
Open Floor Plan with spacious
Kitchen, Family Room with
Fireplace, Private Owners Bath plus
Amusement Room, Office Space and Deck. Fresh Paint &
New Carpet. This home is truly in move-in condition!
19728 Escort Trail, Farmington
$169,900
Fabulous End Unit Overlooks Pond
and Nature Area! This
Fabulous Townhome offers an
Open Floor Plan, Gourmet Kitchen
with Maple Cabinets, Snack Bar and Walk-in Pantry! Large
Living and Dining Room boast loads of Windows and Great
Views. Owner's Suite has Private Bath and Walk-in Closet
and there's a Spacious Loft/Family Room.
17715 Icon Trail, Lakeville
$269,900
This Fabulous Home greets you
with a Large Foyer, Open Kitchen
with Dinette and Vaulted Ceilings!
Owner's Suite boasts a Private
Balcony and Walk-in Closet! Lower
Level has Beautiful Bar, Grill, Fireplace and Game Room
plus New Carpet, perfect for Entertaining!
334 Edith Drive, West St. Paul
$249,900
Stunning Multi-Level Home
Features Gleaming Hardwood
Floors, Cove Ceilings, New
Windows and Doors, Updated
Kitchen, Fantastic Walk-out Family
Room, Dining Room with built-in Hutch, Fresh Decor,
Convenient Mudroom plus Large Two-Tier Deck and Great
Yard!
Just Sold!
NEW CONSTRUCTION
20624 Fruitwood Path, Lakeville
SOLD!
New Construction by Hebert
Homes, a Fabulous Value! Offers
Hardwood Floors, Granite C.tops,
Birch Cabinets, Open Rails, C.Tile,
Fireplace, Wide Trim Pkg,
Concrete Front Porch, Modern Floor Plan w/Upper Level Loft
and Laundry. Can Close Mid-July!
2605 Valley View Road,
Burnsville SOLD!
Beautiful, Wooded 6 Acre
Homesite offers Incredible Views
and Privacy! Quiet Country Living
with Easy Commute Access is a
Rare Find! Solid Rambler with
Spacious Rooms, Vaulted Ceiling & Walkout Lower Level
has Great Remodel Potential or Subdivide for Additional
Homesites.
13274 Inglewood Avenue, Savage
SOLD!
Fantastic Updated Home Features
all New Kitchen with Custom
Cabinets, Center Island, New
Windows, Newer Furnace/AC,
Update Baths, plus Lovely 3-Season
Porch, Large Entry with Walkin Closet, Hardwood & Ceramic
Tile Floors, Mature Trees and Oversized Garage, See this
one First!
8133 Utah Avenue, Bloomington
SOLD!
Outstanding, quiet, wooded, closein cul-de-sac lot. Rare opportunity.
Great lot for your builder or ours.
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