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

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!

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

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

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.

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!

Investors, this is an awesome five unit building for sale! List price is $544,900! The property itself is close to the downtown area with some outstanding downtown views from the 2 bedroom units.

This building was built in 1930, however it has some nice recent updates! With a strong rental market here in Minneapolis, rents are certainly on the rise.

Co-listed by Ross Lumley on our team, contact us today for more info!

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

This is an outstanding four bedroom, two bathroom, two story Minneapolis home for sale!  Ross Lumley on The Minnesota Real Estate Team is the co-listing agent. The home has great tile work and hardwood floors.  As a whole, this home has been recently remodeled.  It does have all stainless steel appliances and truly is a must see.

Total square footage on this property is 2,100 feet. The home was built in 1914, and is currently listed at $154,900.

Call or email today for more info!

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

This Minneapolis condo was just co-listed yesterday by Mary Alice Short on our team. It is a two bedroom, one bathroom unit with one garage stall. 

List price for this condo for sale is $220,000. It has huge windowsm, is very authentic, and is 1,081 square feet. It certainly has a historic loft appeal to it. Currently we can only accept cash offers.

Check out our entire condo and loft guide at http://www.minnesotas-real-estate.com/minneapolis-lofts.htm

Don’t hesitate to contact us today if you would like to set up a showing or would like more information!

Listing by:

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

Uptown-Lakes Minneapolis Real Estate Market Update – December, 2008

Uptown is a unique and wonderful section of Minneapolis full of things to do and places to go!  Let’s look at real estate numbers here and see if they are just as wonderful!  First we’ll compare November of 2007 to November of this year.  There were 34.3% fewer new listings put onto the MLS, with 65 new property listings this November.  Closed sales are also down by 57.1% with 42 properties closing November of 2007 compared to only 18 properties closing November of 2008.  The average sales price in the Uptown-Lakes area went from $421,875 to $285,561 and is down 32.3%.  The percent of original list price received at the time of sale is 87.6%, which is down from 95% in November of 2007.  Average days on the market until sale are up 59.7% from last November and are currently 123 days.  There were 134 single family detached homes on the market this year, and 238 townhomes, which are up 42.6% and down 27.2% respectively.

When comparing January through November of 2007 to January through November of 2008, new listings for this part of Minneapolis did drop 27.3%.  Closed sales are down 28.8%.  The average sales price in the Uptown-Lakes area actually stayed pretty level at $379,105, an increase of 1.3%!  Average days on the market are up 34.9%, going from 92 to 124 days.  The percent of original list price received at the time of sale decreased 4%, going from 96.4% in 2007 compared to 92.5% in 2008.

Uptown is a highly sought after place to live, or even to hang out!  Looking at these statistics, it seems more people are currently staying put which is odd considering the average sales price actually increased over last year!  However, the average days on market going up and closed sales going down could be discouraging.  If you’re looking to buy a home in the Uptown area, now is the time! We have a number of agents on our team who know this part of the Minneapolis real estate market well!

I hope everyone is having an outstanding Holiday Season!