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Sold Foreclosures Re-Entering the Market
I thought this was an interesting search term to think about, Sold Foreclosures Re-Entering the Market. Sold Foreclosures – anything that was a foreclosure and had sold. Would any of these have re-entered the market? Possibly. If someone bought the home to flip it would re-enter the market. If an investor bought the home they may [...]
Pre-Foreclosure Notices Continue to Decline in Minnesota
The Minnesota Homeownership Center released it’s year end numbers for Pre-Foreclosure Notices received at their office and reported 30% fewer notice received compared to 2010 and the lowest level since 2008. From a yearly point of view Minnesota households received 24% fewer pre-foreclosure notices in 2011 compared to 2010. Pre-foreclosure notices are down in every county [...]
Numbers of Buyers by Home Price Range Minneapolis MN
I thought this was an interesting search term that showed up in my analytics and I thought I would do a little homework on it. I think the best way to figure out the “numbers of buyers by home price range Minneapolis MN” is by looking at Pending Sales. These are homes with offers on [...]
Minneapolis Housing Price Forecast by Suburb
This search term showed up in my analytics the other day and instead of recreating a blog post about what I’ve covered already I thought it would be good to list a few posts that give clues to what direction prices are going for various suburbs. Average Home Prices in Twin Cities Suburbs How Depressed [...]
Average Home Prices in Twin Cities Suburbs
Today I thought I would do an “infographic” on Average Home Prices in Twin Cities Suburbs
Today’s Feature – Lake Minnetonka
The Lake Minnetonka Area saw the Median Sales Price fall 6% in 2011 from 2010, down 19% from peak and down 2% from 2003. The Median Sales Price currently sits at about $274,000. The Absorption Rate for the Lake Minnetonka Area has been trending downward for the last few years at 10.01 Months of Inventory. [...]
Minneapolis Real Estate Luxury Market
In the chart below the months of inventory is broken up by price range. As you can see from the chart below the lower the price the less time it will take to sell all the homes in that price range. Homes at about $500,000 and above are considered the Luxury Homes in Minnesota. According [...]
How Depressed Are Twin Cities Housing Prices
In USA Today’s article from November it was mentioned there was 0 – 5 Months of Shadow Inventory, which includes Short Sales on the market and homes that may enter Foreclosure. Unfortunately I don’t have a source that can provide me with detailed information as to what homes in Minnesota, or more specifically, the Twin [...]
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