Monthly Skinny: December 2010

Here's the Latest Skinny (December). Take a quick listen - it's less than 3 minutes & always has good info on the Market.

Median Sales Price for 392 - Eden Prairie

Click the link for a chart that shows the Median Sale Prices for Eden Prairie for the past 3 years. Median Sales Price for 392 - Eden Prairie

If you're interested in a finding out what the prices are in your neck of the woods, let me know & I will send you information for your area.

For Sale: 2BR/1BA Townhouse in Woodbury, MN, $124,900

For Sale: 2BR/1BA Townhouse in Woodbury, MN, $124,900

We weathered the storm & are all dug out.  Here's a quick recap of the Twin Cities Real Estate Market.  It's good news - hurrah.



Ahhh, Summer on Lake Minnetonka



Weekly Market Activity Report

Remember the week ending May 1? The weather was considerably warmer, there wasn't more than two feet of snow on the ground and the optimism was high surrounding our professional sports teams. Things change.

That fateful week in May was also the last time our market recorded a year-over-year increase in weekly pending sales...until now.

For the week ending December 3, there were 606 pending sales, an increase of 10.0 percent from the same week last year. That's the first year-over-year increase in 30 weeks. Whether this positive trend continues will depend upon job growth and other economic factors, but this small sign of hope is nice to see in December.



On the opposite end of the spectrum, new listings are consistently not matching last year's marks — a welcome sign in this era of high supply. The 1,081 new listings for the most recent week is a decline of 13.8 percent from last year's pace and marks the 11th week of the last 13 to post a year-over-year decline.

Coldwell Banker Previews

Here's a link to a fun article on decor trends for the coming year. Check it out. You might glean some ideas for your own home.
Coldwell Banker Previews

Here's a quick look at the market place from Mpls Area Association of Realtors.  The good news is RATES ARE GREAT:   3.125% on a FHA 5 yr ARM,  4.375% on a FHA Fixed, &  4.5% on a 30 yr Fixed Conforming.

Weekly Market Activity Report
For the week ending November 20, Pending Sales in the Twin Cities metropolitan area declined by just 4.1 percent from year-ago levels, marking the second week in a row where this year's sales figures closely match last year's numbers. There were 579 pendings for the week, and we have kept pace at about 600 sales per week for the past six months.

At 1,159, New Listings were 1.3 percent below 2009 levels. This year's listing activity has occasionally strayed from last year's trend line but has, for the most part, tracked along a fairly similar path.

As expected, the year-over-year inventory gains have been tapering off. As of November 29, the 24,423 active listings were 9.6 percent fewer than last year at this time. That's the third consecutive week of decreasing inventory gains. This metric does a great job of illustrating the buyer-seller balance as the market prepares for hibernation.

Monthly Skinny: November 2010

Here's a short 3 minute video from Mpls Area Association of Realtors.  There is a little good news in the housing market (current listings are down 13% from 2008) & while there isn't a dramatic recovery, things are, as one of my favorite singer songwriters Shawn Colvin said, "Steady On".  Have a great weekend!