News

Twin Cities Housing Market Sets Record for Median Sales Price!
Twin Cities Housing Market Sets Record for Median Sales Price!

According to MAR, MN Association of Realtors, the Twin Cities set a new single-month record for the median sales price of a single-family home in March, even as above-average precipitation and soggy basements contributed to slower sales.

The median sales price hit $275,000 in March, the highest on record for the Twin Cities in any month and an increase of 6.5 percent over March 2018, according to data released Thursday by the industry association Minneapolis Area Realtors. MAR suggests wet weather and melting snow may have played a role in both closings and listings declining in March from the same time a year earlier; sellers listed 8.8 percent fewer homes for sale compared to March 2018, while buyers closed on 9.3 percent fewer homes than a year ago.

The inventory homes for sale is still low at just 1.8 months, well below the four to six months of supply most consider the sign of a healthy, balanced market. But there are signs that the market’s pendulum is starting to swing in favor of buyers.

-By Dylan Thomas, Staff reporter, Minneapolis / St. Paul Business Journal
 Apr 18, 2019, 12:24pm EDT

Everything You Need to Know About Minneapolis' Upper Harbor Terminal Project — And What Happens Next
Everything You Need to Know About Minneapolis' Upper Harbor Terminal Project — And What Happens Next
Everything You Need to Know About Minneapolis' Upper Harbor Terminal Project — And What Happens Next

The massive plan to turn 48 acres of riverfront land into housing, businesses and an outdoor performance venue was approved Friday.

The Minneapolis City Council voted to approve a massive plan to turn 48 acres of riverfront land into housing, businesses and an outdoor performance venue. The project — the Upper Harbor Terminal — is city officials’ No. 1 construction priority right now.

The plan lays out preliminary designs for the land between the Mississippi River and Interstate 94 in north Minneapolis that once served as a barge shipping terminal. Federal authorities closed the terminal to avoid the spread of invasive carp in 2014, and the city of Minneapolis has been studying what to do with the T-shaped piece of property since.

Renting vs Buying
Renting vs Buying


• Historically, the choice between renting or buying a home has been a tough decision.
• Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs.
 the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.
• Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

Making Dreams Come True in 2017!
Making Dreams Come True in 2017!

Just some of the properties I've sold in 2017! Looking forward to 2018! Contact me if you're thinking of listing your home or purchasing your next one! I can help!