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Market Conditions in Saint Paul : Real Estate Advice

  • All175
  • Local Info27
  • Home Buying66
  • Home Selling9
  • Market Conditions5

Activity 9
Sat Jan 5, 2013
Herman Antonov answered:
Did you want to schedule a showing for this property?
0 votes 3 answers Share Flag
Wed Sep 5, 2012
Edith Karoline Jasser answered:
Why would that matter to you in earnest.
If the answer is 5 months, does that mean to you that your property will sell in the first month of listing, the fifth or the 12th month?

It is really not the average asking price and the average time on market that you should be concerned with. You MUST discuss w. an experienced local Realtor, how your home size, age, lot size, upgrades, updates, style etc. etc. compare to the current market to those homes that have recently sold, and those that will compete with your, and some may be larger or newer.

Careful do not try to figure this out based on one number one information.
Feel free to contact me or get to me via my website below.

EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com

@Properties Northshore - offices in Chicago, Evanston, Winnetka, Highland Park and Lake Forest
30 Green Bay Road Winnetka Il. 60093
or sign up for home searches on my website http://tinyurl.com/MeetEdithHere
Have a most wonderful Day :)
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Thu May 10, 2012
Elizabeth Fuller answered:
In my experience, the type of townhome you would like, built after the year 2000, would be in the range ofr 1250-1500 and up. There is one currently available to rent at $1395 that I am aware of. I am sure others could be found, and you could probably find some very good properties built just a little earlier that have been maintained and refurbished in such a way that they would suit you well. Thanks for the inquiry and do call me if you need further help or ideas. Liz, 612-986-4105 ... more
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Wed Dec 4, 2013
Michael Emery answered:
Statistically, the Minneapolis Area Association of Realtors lumps the St. Anthony neighborhood in with the Midway area which might skew the numbers somewhat down. But from comparing 2010 with 2011 home prices have increased in this area from an average of $124, 000 to $145,000. Home inventories are about a 6 month supply and from list price to sale price, there's a 15 percent difference ($100,000 list price sells on average for $85,000).

The neighboring Mirriam Park neighborhood fares at about a 5 percent drop in values, although inventory appears a bit tighter as of February as days on market has dropped. Average sale price for Town & Country/ Mirriam Park is about $223,000. See the link for a whole bunch of statistics.
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Fri Oct 22, 2010
Susan Hofflander answered:
For the month of Feb 2010., avg. days on market is 142. That means the average amount of days from the time a property is active until it is canceled, expired or sold. That changes area to area and housing type to housing type. I can send you a pdf of statistics that slice and dice the numbers a variety of ways. Let me know if you'd like me to send you that most current document. ... more
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Thu Dec 5, 2013
Elizabeth Fuller answered:
I believe we will experience a fair amount of appreciation over the 5-10 year range. Looking at the prices now and the historic perspectives, I think you would experience a 4-5% appreciation annually at first, with possibly a 10% after a time. We have new buyers entering the market place at all times with the usual reasons for moving - family changes, work changes, etc - to name a few. In the early '80's we had a flattened appreciation structure due to extremely high interest rates - 16 to 18% for FHA and VA mortgages. This came at the end of a run of demand and appreciating prices in housing. If you would like a bit more information and some statistical overviews, please contact me directly at 612-98604105; This is a subject that is really fun to discuss! While, as you point out, we are neither mind readers or fortune tellers, but many of us are keepers of historica trend. Liz ... more
0 votes 15 answers Share Flag
Wed Mar 10, 2010
Dan Chase answered:
Below is a house price prediction site. It also offers some information on why they think prices will do whatever they will do.
http://www.housingpredictor.com/minnesota.html

Home sales are up and prices are down in Minnesota, where some of the most affordable housing markets in the country are at 2000 year home prices.

It looks like 2000, not 1995 to me. Some areas may be lower. Wait awhile, they may change even more.
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0 votes 14 answers Share Flag
Sun Jul 26, 2009
Cameron Piper answered:
Lenny,

I wish you the best of luck in your business. However, you might want to check out the Community Guidelines - advertisement are generally frowned upon here.

http://www.trulia.com/guidelines/

Cameron Piper
#1 Trulia Agent in MN
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Sun Apr 20, 2008
Rochelle Allison answered:
Hello Newbie Buyer,
It is a challenging market to sell your home, but the upside is that you are also buying in this market. Within St. Paul there are some areas that are holding their values while in other areas, average sale prices are down considerably. That being said, with the Fed dropping interest rates again, there are buyers out there and homes are selling. I have been working with a buyer for St Paul and 2 out of the 7 homes that we wanted to set up a showing were already sold.
There is another option that you might want to consider and that would be renting out your smaller home in St. Paul and when the market improves a few years from now, you could put it on the market then. In addition to working with buyers and sellers, our team specializes in Investment Properties, which means I can provide you with guidance and information on what it takes to successfully rent your home. We are holding a Tenants 101 Seminar at the beginning of April. If you are interested in more information about this seminar, or would like to have a free no-obligation market analysis of your home, please let me know.
Warmly,
Rochelle Ann Allison
Keller Williams Premier Realty
Cell: 952-913-7112
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