Richfield, MN

February 2008

Richfield real estate market is slowly waking up from the long fall/winter slumber. Home owners whose homes are currently on the market are seeing slightly higher showing activity. Here is the summary of the MLS data for February 2008:

Currently available for sale: 193 homes up from 166 last month change: +16%

Homes listed during the month of February: 70 homes up from 50, change: +40%

Pending transactions during the month of February: 23 homes up from 12, change: +92%

Home sales closed in February: 15 homes down from 20, change: -25%

Market Temperature:

One home was listed, sold and closed within the month of February (it stayed on the market for 17 days). Four other homes sold in less than 30 days:

7 days - list price $284,900

11 days - list price $194,900

20 days - list price $209,000

22 days - list price $194,900

If you are looking for market information for condos, duplexes, or multi-family residential investment properties, email your request to: Marzena@MarzenaMelby.com

For a complimentary and up-to-date list of homes for sale, or a complimentary market analysis go to my website at http://www.livingintwincities.com/

Sellers: If you are planning on selling your home within the next six months, call me foe a complimentary market analysis. Hire the agent who has the right tools to find the right buyer for your property.

Buyers: Are you ready?! We offer a free consultation to help you determine the timing and the price range right for you and your situation. We are very knowledgeable about financing options, including special programs and first-time home buyers programs.

Are you looking for Richfield homes listed in mls? If so, the time has never been better than right now to check out some of the great homes that are for sale here in Richfield MN! Prices are LOW and interest rates are LOW!

For more information check out my website by visiting http://www.minneapolisstpaulrealestate.info/

Numbers for January 2008

single family homes

Richfield real estate market is waking up from the slumber. Many home owners whose homes are on the market are experiencing more showing activity this week. Here is a summary of the MLS data for January 2008:

Homes currently on the market ( on 2/5/08): 166

Homes listed during January - 50; average list price - $225,447 +1.10% from December 2007

Pending transactions during January - 12: average list price - $209,717 - 1.10% from December 2007

Home sales closed in January - 20; average sale price - $196,834 - 1.27% from December 2007

For a complimentary list of homes for sale or a complimentary market analysis go to my website at www.LivingInTwinCities.com

Market Temperature: Three homes listed in January sold in the same month! Two of them were under $200,000 and the market time was 13 days and 20 days. One home was priced in mid- $270s, and the market time was 19 days.

Sellers, if you are planning on selling your home within the next two to three months, call me for a complimentary market analysis. Hire the agent who has the tools to bring you the right buyer!

Buyers, are you ready? We offer a free consultation to help you determine the timing and the price range. We are knowledgeable about financing options, including first time home buyer programs.

I'm not sure if this activity is here to stay but here's what happened yesterday (Sunday) : phones were ringing "off the hook" yesterday at our office with appointment requests and a couple of agents had several visitors at their open houses. My website has showed increased traffic in the last week, triple that of the week before!

I'm not sure what that means but I like it! Let's keep it going!

First weekend of the New Year. Many sellers are waking up hopeful that warmer than usual weather will bring buyers to their open houses. What's in store for our market this month:

• How many homes will attract serious buyers?
  
• How many contracts will last through the inspection contingency?
• How many buyers will get "cold feet" and back out of the contact?
• How many sellers will give up and stay put?
• How many sellers are facing financial difficulties and have to sell no matter what the cost?