Market Conditions in 55442 : Advice

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Dean Foerster, Real Estate Pro in Minneapolis, MN
Dean Foerster answered:
what neighborhood is 8300 31, St. Louis Park, MN 55426
It's the Aquila Neighborhood. Here's a map of the neighborhoods in SLP:
http://www.stlouispark.org/webfiles/file/neighborhoods/neighborhood_city_map.pdf
0 votes Share Flag Wed Apr 10, 2013 Market Conditions in Minneapolis
Chase Lenz, Real Estate Pro in Burnsville, MN
Chase Lenz answered:
land costs at orchard trail
That property has been sold.
Email or call with more specific questions or any other properties you would like info. on.

Chase
612-819-4474
chase@sp-realestate.com
0 votes Share Flag Sat Feb 9, 2013 Market Conditions in Minneapolis
Mike Kelcher, Real Estate Pro in Minneapolis, MN
Mike Kelcher answered:
crime rate in this area
Marlene,

Here's a few things you should know. This property is bank-owned and sold "as-is". For some reason, it's not currently available for showing at this time...but I'd be happy ... more
0 votes Share Flag Sun Dec 9, 2012 Market Conditions in Willard-Hay
Shantelle Od…, Real Estate Pro in Orono, MN
Shantelle Odegard answered:
what are the monthly fees for HOA?
$200 Assoc Fee Frequency: Monthly Assoc Fee Includes: Snow/Lawn Care, Outside Maintenance, Hazard Insurance, Building Exterior, Professional Mgmt

This home has an offer on it that ha ... more
0 votes Share Flag Mon Oct 29, 2012 Market Conditions in Minneapolis
Thomas Drayt…, Home Owner in Saint Paul, MN
Thomas Drayton answered:
Any other units for sale at this address?
Sorry, I don't see anything in that area currently listed on MLS. The closest property is 5428 Columbus Avenue, listed at $229,000.

I would be happy to setup a custom MLS search for ... more
0 votes Share Flag Thu Dec 6, 2012 Market Conditions in Diamond Lake
Ben Johnson, Real Estate Pro in Minneapolis, MN
Ben Johnson answered:
Are sellers still agreeing to pay closing costs lately? Or is that scenario uncommon/unlikely nowadays in Minneapolis?
I am involved in 6 to 10 transactions a month and can tell you that it is very common for sellers to contribute to a buyers closing costs.
0 votes Share Flag Wed Oct 16, 2013 Market Conditions in Minneapolis
Jennifer Hen…, Real Estate Pro in Minneapolis, MN
Jennifer Hennemuth answered:
Where can I find the regulations determining Basement and finished below grade square footage determinations? My appraiser said "Typically
I'm not exactly sure what you are asking, but the property listings will indicate at the top the sq footage, foundation size and then the finished sq footage below ground or baseme ... more
0 votes Share Flag Mon Mar 26, 2012 Market Conditions in Minneapolis
Jennifer Kir…, Real Estate Pro in Minneapolis, MN
Jennifer Kirby answered:
Whats the best area for a starter home in the Minneapolis area?
Hi Brent,

For Minneapolis, it might really come down to price as to where you want to find a starter home. Camden, Nokomis, and Southwest areas of Minneapolis have some great "s ... more
0 votes Share Flag Tue Feb 22, 2011 Market Conditions in 55431
Steve Hoem, Real Estate Pro in Maple Grove, MN
Steve Hoem answered:
I own a duplex in N.E Mpls. and would like to sell it this spring or summer. From what have seen I'm not so sure this is a good time to sell
Like any sale of property, you'll want to look at your goals from the sale. If you definitely want to sell in the near future (under 5 years), then sooner would be better as it lim ... more
0 votes Share Flag Fri Feb 7, 2014 Market Conditions in 55413
Kelly Knaus, Real Estate Pro in Minneapolis, MN
Kelly Knaus answered:
rents in longfellow 1 bedroom?
Around 600 to 700 depending on the amenities and if any utilites are included.
0 votes Share Flag Wed Oct 27, 2010 Market Conditions in 55406
CCC, Home Owner in San Diego, CA
CCC answered:
Why is there such a huge difference between the average listing price and the average sold price?
Hi,
1. Short Sales. Properties are priced at certain price, that should be according to market value, and sold at acceptance market price set by servicer / lender. In the event that pr ... more
0 votes Share Flag Mon Oct 26, 2009 Market Conditions in Minneapolis
Elizabeth Fu…, Real Estate Pro in 55445
Elizabeth Fuller answered:
Have rental prices decreased significantly over the past year in Mineapolis or have they been stable?
This could vary from area to area, but I believe they have been fairly stable; Minnesota Multi-Housing and the Metro Council are good resources for statistics and what is considered mar ... more
0 votes Share Flag Mon Jun 15, 2009 Market Conditions in Minneapolis
Jackie Funk, Real Estate Pro in Minneapolis, MN
Jackie Funk answered:
Hi. I would like to buy a new house but I cant really afford it right now. I currently have an auto loan at
Gary: Are you by chance a first time home buyer (or haven't owned a home for three years or more)? If the answer is yes, there is a tax credit of $8k if you purchase by December 1, 20 ... more
0 votes Share Flag Fri Oct 22, 2010 Market Conditions in 55447
Jackie Funk, Real Estate Pro in Minneapolis, MN
Jackie Funk answered:
How do I know if I should try to sell now, or rent my house out & buy another one of similar value?
Hi Stieg:

The best way to know is to meet with a real estate professional that knows your market. As you can probably guess there are a lot of factors to consider with your question ... more
0 votes Share Flag Sun Jan 9, 2011 Market Conditions in 55422
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
As most of you probably know, there is a Home Auction occuring in November. I recently went out to the
Lashae,

It will not sell for anywhere close to that price. Even if a home "starts" at $169k, the seller will still have a "reserve" amount on the property, so it won't got for 10 ce ... more
0 votes Share Flag Thu Oct 16, 2008 Market Conditions in Minneapolis
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
Over the past few weeks I've heard a distributing trend...homeowner's are purposefully allowing their primary
Lenders are already addressing this by not taking into account any rent income that the buyer is getting from renting their existing home. The buyers will now have to qualify for both ... more
0 votes Share Flag Sun Feb 24, 2013 Market Conditions in Minneapolis
Cameron Piper, Real Estate Pro in Minnesota
Cameron Piper answered:
Linden Hills - interpretations of whats going on..
Todd,

I don't know that this is any great indicator of value. I am not sure how Trulia calculates their popularity but I would assume that it has to do with the number of searches b ... more
0 votes Share Flag Fri Jun 20, 2008 Market Conditions in Linden Hills, Minneapolis, MN
Todd Norsted, Real Estate Pro in Maple Grove, MN
Todd Norsted answered:
Is now a good time to buy in Minneapolis? As a first time home buyer I can wait, but will the market fall
Hi Joe....

My opinion is the market is at or very near the bottom, and by waiting you run the significant risk of a rise in interest rates, which limits your buying power.

I short ... more
0 votes Share Flag Sun Jun 15, 2008 Market Conditions in Minneapolis, MN
Christopher…, Real Estate Pro in Spring City, PA
Christopher Benedict answered:
I am trying to figure out when the market took the dive in Richfield and just how much that might be.... I
I think your best bet would be to find a good local Realtor that can help you in assessing these questions. I think http://www.ActiveRain.com is a great place to start, as you can learn ... more
0 votes Share Flag Tue Apr 29, 2008 Market Conditions in 55423
Todd Norsted, Real Estate Pro in Maple Grove, MN
Todd Norsted answered:
According to Trulia, the average listing price of a 3-bedroom in Minneapolis is $306k, and the average sale
Daniel, the 238k average salke price is probaly for all properties sold, not just 3 BR listings.

Here is a great source for data regarding solds, days on market, list to sell ratio, ... more
0 votes Share Flag Mon Jul 7, 2008 Market Conditions in Minneapolis, MN
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