Planning Your Success in Chaska & Chanhassen Real Estate
Planning Your Success in Carver County Minnesota Real Estate
Cologne’s Change in New Listings is 133.3% Change in Closed Sales is 133.3% Change in Median Sales Price 24.0% Cologne 2012 2013 New Listings 3 7 Median Sales Price 127,000 158,050 Days on Market until sale 177 57 Inventory of Homes for Sale 19 18 Norwood Young America’s Change in New Listings is -50% Change in Closed Sales is -33.3% [...]
Chaska’s Change in New Listings is -5.5% Change in Closed Sales is -36.8% Change in Median Sales Price +8.4% Chaska 2012 2013 New Listings 73 69 Median Sales Price 195,000 211,450 Days on Market until sale 112 119 Inventory of Homes for Sale 177 133 Chanhassen’s Change in New Listings is -12.1% Change in Closed Sales is -7% Change in Median [...]
Every week the Minnesota Association of Realtors provides a market activity report. Below are the numbers for last week. In the Twin Cities region, for the week ending May 4: • New Listings increased 10.7% to 1,825 • Pending Sales increased 17.2% to 1,404 • Inventory decreased 28.0% to 13,361 For the month of April: [...]
The statistics speak for themselves. This information is compiled by the Minneapolis Area Association of Realtors ©. The Jeff Schulz Team statistics are even better than average! Days on Market until Sale This Year Last Year January 106 141 February 111 144 March 109 144 The last five homes Jeff sold were on the market 12, [...]
More homes seem to be selling in less time for closer to list price according to the Minneapolis Association of Realtors. It also looks like the single-family detached segment may recover faster than the condo-townhouse attached segment. Are you thinking of selling yours? NOW is the perfect time. In the Twin Cities region, for the week [...]
2013 starts off right according to Freddie Mac. Interest rates are still at an all time low. Call me if you want to talk about buying or selling. It is a great time! Freddie Mac reports the following: 30-year fixed-rate mortgage (FRM) averaged 3.34 percent for the week ending January 3, 2013, down from last [...]
What does the market look like now? What are the changes and repucussions of the Presidential Election. Kathy Harrison, a long time mortgage senior loan officer writes “The stock market took a bit of a tumble post election and that was a boost for Bonds which in turn caused interest rates to take a small [...]
One of the ways to refinance an FHA mortgage is through a process called Streamlined FHA Loans (SFL). This is to take the original loan and request through a lender to have the interest rate lowered. This, in return, lowers your monthly mortgage payments. You do not have to qualify, and there are no appraisals. [...]
The market seems to be stabilizing, and sales are up. But I am hesitant to be optomistic just yet. Quick facts for the week ending July 14: • New Listings increased 6.2% to 1,536 • Pending Sales increased 13.4% to 1,125 • Inventory decreased 30.7% to 17,188 For the month of June: • Median [...]
It seems there are generally fewer homes on the market but are selling quickly. Prices are also stabilizing. Sellers are feeling more confident because of this, getting closer to the asking price for their home. Interest rates at 50-year lows doesn’t hurt either. In the Twin Cities region, for the week ending April 28: • [...]
To buy or not to buy? Sentiment is starting to be consistent that the market may have come close to bottom. Multiple offers are becoming common, rates have seen a slight tick up, and overall there are glimmers of optimism in the economy. For those in either the new home market, sale market, or refinance [...]
A few days ago I gave statistics for Cologne, Victoria, Waconia market. Over the warm winter, buyers were more active due to low interest rates and affordable prices. Below are statistics from March for Chanhassen, Chaska and Norwood Young America. Chanhassen 2010 2011 New Listings 67 59 Median Sales Price 272,000 357,000 Days on Market until sale [...]
According to the Minneapolis Association of Realtors, March reported that the median sales price of Twin Cities homes was higher than a year ago. Price per square foot increased for the first time since June 2010 as well. Pending home sales were up 20.4 percent, higher than any of the months in 2007, 2008 or [...]
Every month The Skinny, a housing market insight blog, provides information about the twin cities area. There is currently a monthly summary available providing an overview of trends and projections for future activity. Take a minute to watch this informative video.
If you have been sitting on the sidelines waiting for the ultimate lows in home prices, rates, and the “perfect combination” for your next move or refinance you may want to get off that fence and begin the hunt. Votality was a word that was not just bandied about last week but lived up to its [...]
This last week brought forth a number of upcoming changes that will impact consumers from a payment and qualifying standpoint with FHA. Over the last several weeks we have been eluding to the fact that in the payroll tax bill there were a couple of components that could directly impact the homebuyers bottom line with [...]
NAR is asking for help. Watch for more information on Mortgage cancellation relief.
Waconia Jan-11 Jan-12 Average Sales Price $172,909 $144,509 Days on Market Until Sale 83 196 Inventory of Homes for Sale 81 70 NYA Average Sales Price 157,375 $50,525 Days on Market Until Sale 416 144 Inventory of Homes for Sale 39 30 Cologne Average Sales Price $202,000 128,850 Days on Market Until Sale 259 189 [...]
Minnesota Housing lowers rates this week and increases assistance to those borrowers who may qualify for the Home Help program to $10,000. Home Help offers an interest-free, deferred loan to help with downpayment and closing costs through the Homeownership Assistance Fund (HAF). The City of Minneapolis and St Paul are still offering assistance on FHA and VA [...]
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