Minneapolis Real Estate Blog and Commentary http://www.minnesotas-real-estate.com/blog Updates on The Minneapolis Real Estate Market Mon, 08 Jun 2009 16:49:18 +0000 http://wordpress.org/?v=2.6 en The #1 ranked real estate team in Minnesota http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-1-ranked-real-estate-team-in-minnesota/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-1-ranked-real-estate-team-in-minnesota/#comments Mon, 08 Jun 2009 16:29:05 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=137 The Wall Street Journal just released their 2008 sales numbers for the Top 400 real estate teams and individuals in the United States.

The Minnesota Real Estate Team finished as the top Minnesota team and the #21 real estate team in the United States in closed transactions for 2008, with 452 homes sold. http://online.wsj.com/ad/top100teamsides.html 

The team also finished as the only Minnesota team to make the Top 100 teams in “Sales volume.” Our team finished 80th.  http://online.wsj.com/ad/top100teamvolume.html

We continue to take great pride in our approach on helping buyers and sellers with their real estate transactions here in Minnesota and Wisconsin…most importantly…helping you at YOUR own pace. With our team, there is never any timeline or rush you will feel working with one of our top agents.

Please don’t hesitate to call us today at 952-223-1150, to learn more about our:

1. Free monthly seminars - first time buyer, investment property, moving up in a down market

2. Our Guaranteeed Sale program

Or if you simply would like to chat with an agent over a cup of coffee in regards to your real estate situation.  And as always…the Java is on us :)


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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-1-ranked-real-estate-team-in-minnesota/feed/ RE/MAX Advantage Plus http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/remax-advantage-plus/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/remax-advantage-plus/#comments Wed, 06 May 2009 03:53:08 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=135 Are you a prospective or current real estate investor?  Are you a home seller needing to do a short sale? Are you a bank looking for a top REO agent to market your properties? Perhaps you are a first time home buyer or move up buyer looking for someone to trust in this market?

Meet The Minnesota Real Estate Team of RE/MAX Advantage Plus. We are a team of 40 plus real estate agents here to help you with all of your real estate needs.

Tonight, our team learned that we are currently the #7 ranked REMAX real estate team in sales in the entire United States (for January through March 2009 closed sales.)

We take great pride in not only working at our client’s individual pace, but bringing results to our clients as well. Contact our team today at 952-223-1150. We are here to help you with any real estate and mortgage related questions that you may have.

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/remax-advantage-plus/feed/ The Minnesota Real Estate Team http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-minnesota-real-estate-team/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-minnesota-real-estate-team/#comments Tue, 10 Feb 2009 21:16:20 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=132 I wanted to take this opportunity to congratulate the members of The Minnesota Real Estate Team for finishing as the top ranked REMAX real estate team in commissions and transactions for 2008.  The final yearly numbers were just realized, and the team was very excited to hear the news. This is now the third year in a row the team has finished #1 for the entire state of Minnesota.

There are a number of agents who had outstanding sales years for the team. Scott Ficek was voted “The 2008 Agent of the Year” by team members, Rob Reinke won the sales volume competition, Kim Dohm the “Rookie of the Year,” and Kevin Curtis sold the most number of homes in 2008.  Mary Alice Short, Jesse Grumdahl, John Stenroos, John Tschida, Jake Bents, Jim Lacher, Bernie Borschke, Ross Lumley and Adam Benedict all had outstanding sales years as well.

Our team has always taken great pride in helping buyers and sellers at their own pace. We believe in a low pressure but informative sales approach. And we too are able to help you whatever your real estate situation may be. Do you need to short sale a property? Are you a first time buyer? Are you an out of state buyer needing a real estate buyer’s agent to search properties and represent you?  Are you a high end seller looking for a marketing campaign second to none? Do you want to invest in real estate or purchase a commercial property?

Regardless of your situation, please let us know how we can help.

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-minnesota-real-estate-team/feed/ Northeast Minneapolis Housing http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/northeast-minneapolis-housing/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/northeast-minneapolis-housing/#comments Wed, 14 Jan 2009 22:58:36 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=127 Northeast Minneapolis, MN Real Estate Market Update, January 2009

Northeast is a younger area of Minneapolis with Victorian architecture including historic churches, old mills and new and old retail areas. Let’s compare real estate numbers for the month of December 2007 to the month of December 2008. New listings were up 18.9% from 37 to 44 listings this past December. Closed sales were also on the upswing, increasing 18.5% from 27 to 32 closings! The average sales price in Northeast was $137,682, and in December of 2007 it was $175,791. The percent of original list price received continued to be just above 90% at 90.3%. The average days on the market until sale declined from 150 days to 119 days this past year, a decrease of 20.6%. The inventory for single family homes decreased 18.9% from 2007 to 172 homes on the market, and the townhouse-condo inventory also declined 38.3% from 2007. There are currently 29 townhomes-condos available.

Now let’s compare the entire year of 2007 to the entire year of 2008 for Northeast Minneapolis. New listings decreased 16.6%, going from 1,000 in 2007 to 834 new listings in 2008. Closed sales were also down, but only by 7% from 429 to 399. Average sales price in Northeast went from $199,509 to $165,175 in 2008, down 17.2%.  The percent of original list price received at the time of sale did drop 3.5% from 94.6% down to 91.2%.  Hey, it’s still above 90%!! The average days on the market until sale went from 101 days in 2007 to 145 days in 2008.

In conclusion, looking at the year to date numbers in the above paragraph, there were fewer new listings and fewer closings, but in 2008 a much higher percentage of the listings on the market actually closed! The average days on the market until sale in Northeast are among the longest for any of the Minneapolis neighborhoods.

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/northeast-minneapolis-housing/feed/ 1344 Upton Ave N - MLS #3624088 http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/1344-upton-ave-n-mls-3624088/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/1344-upton-ave-n-mls-3624088/#comments Wed, 14 Jan 2009 18:38:15 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=124 This is a totally remodeled four bedroom, one bathroom home! Located in Minneapolis, this home does offer a 2nd floor laundry room, and a fireplace on the main floor. Over 2000 square feet and this property also has new mechanicals!

This property is priced at $119,900, and is listed by Ross Lumley on The Minnesota Real Estate Team of REMAX Advantage Plus.

Call today for a showing or for more information!

RE/MAX Advantage Plus, 17850 Kenwood Trail, Lakeville, MN 55044

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/1344-upton-ave-n-mls-3624088/feed/ Longfellow area - Minneapolis real estate http://www.minnesotas-real-estate.com/blog/minneapolis-neighborhood-update/longfellow-area-minneapolis-real-estate/ http://www.minnesotas-real-estate.com/blog/minneapolis-neighborhood-update/longfellow-area-minneapolis-real-estate/#comments Fri, 09 Jan 2009 18:38:45 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=122 It’s time for us to revisit the Longfellow neighborhood of Minneapolis, comparing November of 2007 to November of this year. There have been 5.6% more listings this November, going from 36 to 38 new listings. Closed sales stayed exactly the same at 21 closings. The average sales price is down 13.7% from $226,002 to $195,102. Percent of original list price received at the time of sale is up 2.6% to 92.3%. The average days on market in the Longfellow neighborhood of Minneapolis is currently at 87 days, up 33.5% from last November. There were 107 active single family homes for sale, compared to 111 actives in November of 2008. The townhome and condo inventory levels also decreased significantly, going from 22 to only eight active townhomes or condos for sale this past November.

Now, let’s take a look at January through November of 2007 and compare that to January through November of 2008.  There were 639 new listings put onto the MLS in 2007, and 587 in 2008. This is a decrease of 8.1%. Closed sales are down 2.7% from 336 to 327 this year. The average sales price for a property went down 12.9% from $223,542 in 2007 to $194,599 this year. Average days on the market are up 26.3%, from 73 days last year to 93 days this year. The percent of original list price received at the time of sale went from 94.8% last year to 93% this year, a decrease of 1.9%.

We were hoping for a higher number of closed sales in the Longfellow neighborhood stats for this year, and unfortunately that did not take place.  However, the percent of original list price increased this November over last (as well as the number of new listings put up for sale on the RMLS.)

Look for our next update which will include December’s statistics for Longfellow as well as the entire year in review for this part of Minneapolis!

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-neighborhood-update/longfellow-area-minneapolis-real-estate/feed/ 4400 Upton Ave S #207 - MLS #3563907 http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/4400-upton-ave-s-207-mls-3563907/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/4400-upton-ave-s-207-mls-3563907/#comments Mon, 05 Jan 2009 01:17:09 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=118 What a great condo for sale here in southwest Minneapolis! This two bedroom, one bathroom unit has an updated kitchen with stainless steel appliances.

Priced at $169,900, this property is co-listed by Jesse Grumdahl on The Minnesota Real Estate Team. The condo does include one garage space as well.

Contact us today for a private showing or for more information!

REMAX Advantage Plus, 17850 Kenwood Trail, Lakeville, MN 55044

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/4400-upton-ave-s-207-mls-3563907/feed/ 1010 20th Ave NE - MLS #3508652 http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/1010-20th-ave-ne-mls-3508652/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/1010-20th-ave-ne-mls-3508652/#comments Mon, 05 Jan 2009 01:11:12 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=116 This is a fully occupied duplex in a nice part of Northeast Minneapolis. Real estate investors, this property will cashflow! The duplex has maintenance free siding and is in overall very good condition.

Price of this up and down duplex is $119,900. Total of four bedrooms and two bathroooms.

For more information on this duplex, please contact us here today!

This property is co-listed by Jim Lacher of The Minnesota Real Estate Team, the #1 RE/MAX Team in Minnesota for 2006, 2007, and 2008.

RE/MAX Advantage Plus, 17850 Kenwood Trail, Lakeville, MN  55044

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/1010-20th-ave-ne-mls-3508652/feed/ 2519 Grand Ave NE, MLS #3508641 http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/2519-grand-ave-ne-mls-3508641/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/2519-grand-ave-ne-mls-3508641/#comments Sat, 03 Jan 2009 03:58:04 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=100 What an opportunity for investors to cashflow with this up and down duplex here in northeast Minneapolis! This property is priced to sell at $99,900. This six bedroom and two bathroom duplex is currently rented and only need some minor exterior maintenance.

If you happen to be looking for any investment property here in Minneapolis, don’t hesitate to let the co-lister Jim Lacher or any other agents on our team know.

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]]> http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/2519-grand-ave-ne-mls-3508641/feed/ 2819 Polk Ave NE - MLS #3508629 http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/2819-polk-ave-ne-mls-3508629/ http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/2819-polk-ave-ne-mls-3508629/#comments Sat, 03 Jan 2009 03:49:32 +0000 Ryan O'Neill http://www.minnesotas-real-estate.com/blog/?p=97 This is a solid up/down duplex for sale here in Minneapolis. It is currently listed by Jim Lacher on The Minnesota Real Estate Team for $104,900. This three bedroom, two bathroom property has a spacious mainfloor with some very attractive hardwood floors. This duplex features almost 2000 total square feeet and could also be turned back into a single family home fairly easily.

For more information on this duplex for sale in Minneapolis, and any others, contact us today!

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