Skijoring, Snow Fun, and Disco Tubing!!!

Dated: February 24 2024

Views: 6

Understanding a Zestimate of your home's value on Zillow.com


As the weather fluctuates from spring to winter and back to spring,  the real estate marketplace in the area is feeling the effect of the warmer temperatures.

Traditionally shortly after the Super Bowl, the "spring market" starts to show signs of life and acceleration,  and this cycle is right on schedule.  The three data points of interest:

1. Over the 7 days,  105 homes have been listed for sale.
The highest in any 7 day
period since October of 2023.

2.  Many of the homes being put on the market are selling fast. In the last 7 days the homes that went pending took 12 days. That is a drop of almost 1/2 of the median market time since early November.


3. To give greater context to the median pending in 12 days.... That is an actual market "sell" time of 5-6 days as it takes about a week for most homes to clear the inspection contingency so it can be considered a "pending sale".  That is if an inspection is applicable.

Is this shocking, or a "shift" or something to be concerned about?

No,  It is evidence that the market is doing what it is expected to be doing this time of year just like our air temps....warming up.  


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Weekly Home Sales Statistics
Bloomington, Chanhassen, Chaska,
Eden Prairie,Edina,Hopkins,
Minnetonka, Shorewood, & Victoria



* 105 homes listed for sale  
(93 the previous week)
* 72 homes to pending status 
(49 the previous week)
* 51 homes sold (closed ) 
(32 the previous week)
* 12 median days to pending  
(15 the previous week) 
* $291 ppsqft average sold 
($286 the previous week ) 

*ppsqft = price per (above ground) sq ft


Click below for THIS WEEK reports:

ONLINE INTERACTIVE VERSION

WHITE PAPER VERSION


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Three Rivers is having their
"All family" Snow Day thisSaturday
at Hyland Park in Bloomington.

They have been making LOTS of snow!



Buck Hill in Burnsville has been making snow and putting up lights for this weekend of tubing excitement.



OK. I know Skijoring existed, but I am not familiar with it at all. Now you can see it for yourself LIVE at Canterbury Downs in Shakopee this weekend.



There will be a Full Moon Hike at the Eden Prairie Nature Center on Saturday night.
You will need to register and it is $9 per person.



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Northstar Donut Truck "Bonus Event" 

I love the Northstar Donut Truck! I know it is not an event,
but for an "easy outing" or "something different" to do. Their apple cider donuts and beverages are simply mighty good.


Northstar will be at the Winter Play Day at Hyland in Bloomington on Saturday and the Shakopee Home Depot on Sunday.





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____________________________________ 

"The simplification of anything is always sensational"
                                             
      - GK Chesterton


Today, the real estate market is pulling from a lot of different directions. Homeowners need a steady experienced person to be a trusted advisor. A market current, pragmatic, and unhyped counsel on potential home investments (dealing with deferred maintenance and cosmetics) and what likely return for their time, effort, and money can be realistically anticipated.

I spend many hours over long periods of time in person, email, and on the phone providing value and confidence to homeowners.
Let me do that for you, it is at the core of what I call... Showing Up, Working Hard, Every Day. & Long before I ask for your commitment.

When you invite me to your home. I will drink your coffee, tea, or tap water, and take a brief tour with you. Then, we will discuss your plans and I listen to you carefully.  No "presentation", just me with my legal pad and clipboard.

I will then leave, almost always before I am asked, and prepare a report for you to give you the counsel you are looking for so you can make the best decision possible when you are are ready to do so. This is my favorite part of what I do, getting to know peoples plans and comfort levels.

See "Coming Soon" Listings for the SW Metro HERE


Common Thought: Is it  STILL a sellers market or has it FINALLY shifted to a buyers market?

YES is the short answer.
We currently have a limited supply of homes at a 1.7 Months supply for existing single family homes as of 2/22/24. 

The Minneapolis-St.Paul Metro has been in a seller's market since Nov 2014 when it hit 3.9 months of supply.
 
What is for sale near you?
 
Miss last week's email?
View ALL previous issues of the weekly email 
HERE


showing up
working hard
every day
for you

Stieg Strand, Realtor®
RE/MAX Results - Eden Prairie
28 years Selling Real Estate!
My Website
Thank you for your time today

At your service, 

Stieg
Blog author image

Stieg Strand

Simply Google his name, and you will see that Stieg organically (without paying as an advertiser) is a top trusted Realtor in the area. Stieg is a 25+ year real estate veteran who knows that tenacity ....

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