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Scott Hutchinson's Blog

By Scott Hutchinson | Agent in 55044
  • Rental Services / Property Management Minneapolis / St. Paul / Twin Cities

    Posted Under: Rental Basics in Minneapolis, For Rent in Minneapolis, Rentals in Minneapolis  |  January 23, 2012 6:55 AM  |  638 views  |  1 comment

    We are a large real estate brokerage offer rental and leasing services.  You will find that our services, pricing, and marketing are leading the industry.  If you are a landlord or seller that wants to evaluate/re-evaluate this as an option, we would love the opportunity to work for you.


    Please feel to contact us via 24-hour cell,  email, or website.

    Sincerely,

    Scott Hutchinson
    Edina Realty
    scotthutchinson@edinarealty.com
    www.scotthutchinson.edinarealty.com
    C: 612 396-06921




    We provide rental services throughout the Twin Cities including rental services in Bloomington, rental services in Bloomington, Rental services in Lakeville, Rental services in Burnsville, Rental services in Minneapolis, Rental Services in St. Paul, Rental Services in Apple Valley, and much more.
  • Mineapolis , St. Paul, Minnesota Real Estate Update

    Posted Under: Market Conditions in Minneapolis  |  April 17, 2011 10:06 AM  |  690 views  |  No comments

    Foreclosure Activity Pressures Prices, Inventories Level Off

     
     
    Pending sales in the 13-county Twin Cities metropolitan area decreased 17.6 percent from March 2010 to 4,162 purchase agreements signed. Sellers introduced 6,977 new properties to the market, which was 30.2 percent fewer than the year prior. Inventory levels shrunk by 4.5 percent to 24,112 units—the lowest March inventory count since 2005. This trend will help stabilize prices and restore balance to the market.

    Market conditions were particularly strong at this time last year due to the 2010 tax credit, making 2009 and 2008 more reliable comparison years. Pending sales were down a less dramatic 5.6 percent from March 2009 and they were actually up 14.6 percent over March 2008. Closed sales were down 3.5 percent from March 2010 but were up 2.7 percent over March 2009 and up 17.4 percent over March 2008.

    Market activity can vary greatly from one segment to the next. Although overall purchase activity was down 17.6 percent, the foreclosure segment saw a 31.3 percent jump in pending sales and a 29.9 percent jump in closed sales. Foreclosure prices decreased 11.0 percent to $105,000; short sale prices decreased 6.9 percent to $134,950; and traditional prices decreased 3.5 percent to $192,000. While the bargain status of lender-mediated homes unquestionably helped their popularity surge among consumers, that same popularity pushed overall prices down 15.2 percent to $140,000. 

    Proper home pricing and conditioning are the key items in the seller’s survival kit. The average days on market was 152 days, an increase of 17.8 percent. Negotiations unsurprisingly favored buyers as the percent of list price received at sale declined to 88.6. The months of inventory supply grew slightly to 7.7 months. That is up 16.9 percent from last March but mostly flat from last month.

    Scott Hutchinson

    Edina Realty

    scotthutchinson@edinarealty.com

    www.scotthutchinson.edinarealty.com (search all "MLS" listed properties)

    Top-1% Nationally

    Real Estate Blog

    http://www.trulia.com/blog/scott_hutchinson/

    C: 612 396-0692
    F: 952 892-7163

  • Minnesota Weekly Real Estate Market Report

    Posted Under: Market Conditions in Minneapolis, Home Buying in Minneapolis, Home Selling in Minneapolis  |  February 8, 2011 1:53 PM  |  810 views  |  No comments

    Weekly Market Activity Report / Week of Feb. 7th, 2011

    For the week ending January 29, 2011, purchase activity in the Twin Cities 13-county metro registered 2.0 percent below the same week in 2010.  That marked the smallest decline in buyer activity in two months. Pending Sales in the first half of 2011 will struggle to match the high marks set during last year's tax credit but should parallel 2009 levels.

    Seller activity has mimicked last year's levels thus far, only about 300 units slimmer. A total of 1,317 New Listings entered the market for the week, 16.9 percent fewer than the same week last year.

    Active Listings for Sale increased a modest 1.8 percent from last year. Current inventory levels have remained fairly static over the past five weeks.

     

     

     

    Scott Hutchinson

    Edina Realty

    scotthutchinson@edinarealty.com

    www.scotthutchinson.edinarealty.com (search all "MLS" listed properties)

    Top-1% Nationally

    Real Estate Blog: http://www.trulia.com/blog/scott_hutchinson/

    C: 612 396-0692
    F: 952 892-7163

  • Weekly Real Estate Market Report (week of Jan. 31,2011)

    Posted Under: Market Conditions in Minneapolis, Home Buying in Minneapolis, Home Selling in Minneapolis  |  February 1, 2011 6:54 AM  |  788 views  |  No comments

    Week of: January 31, 2011

    Weekly Market Activity Report

    Twin Cities home buyers braved the arctic air to sign 533 purchase agreements during the week ending January 22. Although that's 4.5 percent fewer than the same week in 2010….which is better than the 9.3 percent decline we've seen over the last three months.

    Sellers brought 1,195 new properties online for the week, a 21.5 percent drop compared to year-ago figures (good news as our market cannot handle a large inventory increase). The 3-month average shows a more subtle 4.9 percent decline.

    The number of Active Listings for sale was up 10.6 percent compared to the same week last year, giving buyers 22,810 properties to choose from. 



    Scott Hutchinson
    Edina Realty
    Top-1% Nationally
    www.scotthutchinson.edinarealty.com (Search all MLS listed properties/ Bank-Owned)
    scotthutchinson@edinarealty.com
    C: 612 396-0692

  • January 24th Weekly Real Estate Market Report (Minnesota / Twin Cities)

    Posted Under: Market Conditions in Minneapolis, Home Buying in Minneapolis, Home Selling in Minneapolis  |  January 25, 2011 7:24 AM  |  589 views  |  No comments

    Weekly Market Activity Report (Week of January 24th, 2011)

    Buyers were more eager to get back in the game than sellers for the week ending January 15. There were 1,286 new properties added to the Twin Cities residential real estate market, down 22.9 percent compared to the same week last year (good news). This marks the third consecutive week of year-over-year declines in seller activity after three consecutive weeks of year-over-year gains.

    There were 558 Pending Sales for the week, down a slight 2.3 percent from year-ago levels. That's the smallest decline in purchase demand in six weeks.

    Active Listings for Sale were up 6.3 percent to 21,744 homes. That's the fourth consecutive week of decreasing inventory gains compared to last year.

    Post tax credit: this is probably only 1 of 2 Weekly Market Activity Reports since the expiration of the tax credit that have shown neutral-to-positive market data.  Hopefully it keeps inching forward.  The big unknown at this time is the surplus inventory of REO/Bank-Owned homes that will be entering into the marketplace.

    If you have any Real Estate questions, and/or if you know someone that wants to buy or sell, please feel free to have them contact us!

     

    Scott Hutchinson

    Sean Sovis

    Hutchinson & Sovis Team

    Edina Realty

    scotthutchinson@edinarealty.com

    www.scotthutchinson.edinarealty.com (search all "MLS" listed properties)

    Top-1% Nationally

    Real Estate Blog: http://www.trulia.com/blog/scott_hutchinson/

    C: 612 396-0692
    F: 952 892-7163

  • Lakeville / Burnsville/Twin Cities/ Minneapolis Short sale by Scott Hutchinson (Minnesota /Twin Cities Real Estate)

    Posted Under: Home Buying in Minneapolis, Home Selling in Minneapolis, Foreclosure in Minneapolis  |  January 20, 2011 9:16 AM  |  451 views  |  No comments

    Lakeville / Burnsville/Twin Cities/ Minneapolis  Short sale by Scott Hutchinson (Minnesota /Twin Cities Real Estate)

     

    If you reside in the Lakeville / Burnsville/Twin Cities/ Minneapolis area, short sale help is available to Lakeville / Burnsville/Twin Cities/Minneapolis residents that are headed towards foreclosure and/or that are near default. We are short sale specialists that specialize in the Lakeville / Burnsville/Twin Cities/Minneapolis that specialisze in Foreclosure / short sale properties.  As the media reported, December was one of the largest months of defaults, and every day, more and more home owners in the Lakeville / Burnsville/Twin Cities/Minneapolis area are falling behind on their mortgage payments. With unemployment rates at record highs, and property values in Lakeville / Burnsville/Twin Cities/Minneapolis dropping 20%+ since the peak market, you are not alone.

    If you are worried about becoming Lakeville / Burnsville/Twin Cities/Minneapolis, then you need to talk to a realtor that specializes in the Lakeville / Burnsville/Twin Cities/Minneapolis area. Scott Hutchinson / Edina Realty can help you avoid becoming a Lakeville / Burnsville/Twin Cities/Minneapolis. We can help you reduce your risks from future judgments; we can stop the harassing phone calls and the public notices, and we can help you find alternative housing.

     

     

    For a free consultation, feel free to give us a call/email.

     

     

    Scott Hutchinson /Realtor

    Top-1% Nationally

    Edina Realty

    Lakeville / Burnsville/Twin Cities/Minneapolis Short Sales
    Minnesota Real Estate/ Short sales

    scotthutchinson@edinarealty.com

    www.scotthutchinson.edinarealty.com (search MLS)

    C: 612 396-0692 (24-Hour Cell)

    F: 952 892-7163

  • Twin Cities Rental Help (Minneapolis, St. Paul, Lakeville, St. Louis Park, Twin Cities)

    Posted Under: Rental Basics in Minneapolis, For Rent in Minneapolis, Rentals in Minneapolis  |  January 20, 2011 9:03 AM  |  500 views  |  No comments

    50% OFF!!!

    For the months of January, February, & March, we are offering 50% off all rental services.  We are one of the largest Real Estate Teams that also specializes in the Rental and/or rental analysis of your house.  Please feel free to contact us for a free, no obligation consultation.

     

     (Rental services in Burnsville, rental services in Lakeville, rental services in Minneapolis, rental services St. Paul, rental services in Bloomington, rental services in Richfield, Rental services in Twin Cities area, rental servies in Plymouth, rental services in Woodbury).

     

     Scott Hutchinson

    Edina Realty

    scotthutchinson@edinarealty.com

    www.scotthutchinson.edinarealty.com (search all "MLS" listed properties)

    Top-1% Nationally

    Real Estate Blog: http://www.trulia.com/blog/scott_hutchinson/

    C: 612 396-0692
    F: 952 892-7163

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