Home Prices in the Linden Hills Neighborhood of Minneapolis have performed very well during the Housing Down Turn.

Out of all of the neighborhoods in Minneapolis Linden Hills may be one of the most popular locations. It also benefits from being the border to Lake Calhoun, Lake Harriet and Edina, Minnesota, a popular Minneapolis Suburb.

Linden Hills also operates much like a small town with local businesses and services along France Avenue and majoring shopping and Highway Access nearby. 50th and France is also a popular dinning and shopping area for Linden Hills residents.

As you can see in the chart above prices have appreciated 15% from 2002 to 2006 and 20% from 2002 to the present. The Median Sale Price in the chart above is a twelve month average.

The chart below illustrates the inventory and price trends over the last ten years.

Since the Fall of 2011 the Median Sale Price has been improving while inventory has been falling since the Fall/Winter of 2010. Linden Hills has been trending in a Balanced Market since August 2011.

[Linden Hills Minneapolis Homes for Sale

Before I get too far into this post I should point out the blog posts were I've mentioned which communities in the Twin Cities Housing Market have a Balanced Market.

• Plymouth
• Saint Paul
• List of Communities with Balanced Market
• List of Communities with a Seller's Market - Really? Yup.

In the chart to the right we can see how many months the City of Minneapolis has been in a Balanced Market. In March 2011 we saw the first indication of a possible turnaround for Minneapolis and as the year progressed things continued to improve with 2012 starting at 6.27 Months of Inventory.

In this next chart we see the 12 month moving average, which shows Minneapolis nearing a Seller's Market, which would be five months or less.

In the chart below we can see what direction the trend lines have been moving for Months of Inventory and the Median Sales Price for the City of Minneapolis.

In this last chart we can see how home prices have performed in each area of Minneapolis.

Homes Prices in the Southwest Area of Minneapolis, which happens to be one of the most desierable areas of Minneapolis, appreciated 13% since 2002 and fell 7% since 2006.

The worst performing areas since 2002 would be the Camden Area at 65% and the Near North Area at 63%. Since 2006 the Near North Area fell 74% while Camden fell 71%.

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Homes for Sale in Minneapolis

3 Ways To Find homes in Edina

There are a few different ways to find homes for sale in Edinathat people use when buying a home. As most home buyers begin their search for their dream home on the web, I am finding that far too many miss out on all of the possible opportunities to search for the right home. In this post I’ll share with you the benefits and challenges to each of the methods for finding homes for sale in Edina.

Finding Edina homes For Sale On The Internet

One of the first places to start is to go to my website to search for all of the available homes from all of the local brokers, with all of the details posted to the MLS. The large national search engines leave out many of the most important details such as property taxes of the home. However when buying a home factors such as property taxes are one of the biggest factors in determining the size of your monthly payments so why would anyone want to look for Edina homes on websites that are missing such an important detail? Please take a moment to visit my website and begin your search for Edina homes listed on the market today.

Search for Edina homes Via Email

If you are currently searching for a Edina homes, let's talk about the specifics of the type of home you want. I will create an advanced search that will show you not only what is on the market via email, but also what listings have just become available. You will be instantly notified via email with new property listings that meet your advanced search critieria when they become available on the market. Because I will need to know the paramaters of what you are searching for (i.e. 4 bedroom homes in Edina between $175,000 and $225,000), please send me a brief email so we can begin the process of finding you a home!

A little education goes a long ways, does it not? If you can get exactly what you need via email such as my customized search why wouldn't you want it? The strategy of Luck and Guesswork involves searching for properties the large national websites which don't contain all the property details. Without a customized approach to searching for the house that you want to buy, I find that far too many home buyers rely on the strategy of Guesswork and Luck offered by the large national websites.

Conveniently located in Hennepin County, Edina is a beautiful first-ring suburb of Minneapolis. As a fully established community, the population has remained stable at around 47,000 over the past 40 years. While large employers such as Jerry's Foods and Fairview Southdale hospital are here, many residents enjoy an easy 20 minute commute to downtown Minneapolis. While often considered one of the most affluent communities of the Twin Cities, MN first time home buyers may be interested in one of the Edina's downpayment assistance programs which offers up to $60,000 to qualified buyers. If you are interested in buying or selling a home in Edina please give me a call.

First Step: Get Preapproved a Edina First Time Home Buyer Loan

One of the most important factors in buying a home these days is to get preapproved for a loan. Some buyers leave this detail it to the very last minute because it is the least fun part of the entire home buying process. But it’s very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please email me and I will help you with getting started in the process with a Minnesota mortgage banker.

Looking For Edina homes?

Please take a moment to understand the strategy you are using to search for possibly the largest investment that you will ever make. I highly encourage home buyers to be proactive and to take control of the property search strategy! Please visit my website and find all of the available Edina.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.

Selling a home today in Maple Grove can be a big challenge, especially with the tough competition from nearby short sales and foreclosures. Home values have been coming down in part because of the lower asking prices offered through banks who need to bring down their real estate owned inventory. About half of the sales in today's Minnesota real estate market has come from non-bank home sellers. Are you in the search for help to sell your Maple Grove home?

It has never been more important to enlist the help of a Maple Grove real estate agent who understands recent trends in market values. When we visit your home as a Realtor to complete a market analysis, we will compare all of the features and benefits of your property to the competing homes for sale in the area. We will need to look at all of the homes for sold within the past few months to determine what the actual sales prices have been. By doing this we will be able to estimate what price a buyer might pay for your house within a reasonable period of time.

The challenge for many sellers today is trying to get enough for their house to pay off the their current mortgage. If a property seller owes more on their home loans than what we can sell it for we will either need to discuss paying down the mortgage, attempting a short sale, or listing the current home for rent and in order to move to another home. With the quickly rising rents in today's market, sellers are quite often finding that they can cover all of the investment expenses for the home through the income from the rental.

Do lenders count the rental income on my old house?

Lenders have guidelines for the Maple Grove sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.

Getting preapproved for a mortgage

Once we meet to discuss the value of your old home it is critical that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide whether you should rent out or sell your current house. The process of mortgage preapproval is generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.

City of Maple Grove, MN

The City of Maple Grove is a rapidly growing suburb of the Twin Cities metro and has more than tripled its size since 1980 to now over 60,000 residents according to the 2010 census. Situated squarely in north-central Hennepin County Maple Grove, MN residents have a quick commute to employers in Minneapolis, as well as those located in western and eastern burbs. One of the largest shopping centers in the Twin Cities is located here known as The Shoppes at Arbor Lakes. A truly beautiful community, Maple Grove has over 1000 acres of parks and 35 miles of trails. If you are considering buying or selling Maple Grove real estate agent please don't hesitate to give me a call or send me an email.

Let's Talk!

If you would like to learn more about selling your Maple Grove home call me. I will work with you to complete a competitive market analysis for free. We will discuss all of the options based on today's real estate market. Feel free to send me an email or give me a quick call.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.

The Housing Market in Plymouth Minnesota, much like Saint Paul, is experiencing a Balanced Market and has been trending closer to a Seller's Market since October 2011.

During the Months of August 2011 - December 2011 the market conditions in Plymouth were considered a Seller's Market since inventory was less than 5.0 Months. However, since the current conditions of a month aren't really felt throughout the market we want to look at what the trend was doing during this time.

The Absorption Rate Trend, which is a 12 month moving average, has been leaving a Buyer's Market and Entering a Balanced Market, which is 5-7 Months of Inventory.

Even though Plymouth is part of the seasonal Real Estate Market in Minnesota we have evidence that supports the possibility of a Seller's Market coming to Plymouth. We already saw 2011 show signs of a Seller's Market. What this tells me is the inventory of homes, especially those in the lower priced ranges, are being absorbed. There's also a possibility of consumers deciding to hold off on selling and have pulled their homes from the market. And the Absorption Rate Trend supports this theory.

Further evidence supporting a rebound in Plymouth is the direction the Median Sales Price has moved. Since 2002 the Median Sales Price has appreciated 3% and has fallen 17% since the 2006 Housing Market Peak. This is a pretty small decline compared to other areas in the Twin Cities.

In this next chart we have the monthly and 12 month trend lines for the Median Sale Price and the Absorption Rates (Months of Inventory). As you can see from the trend lines inventory has been dropping quickly since Spring 2011 and Home Prices have started to rise near the end of 2011.

In this next chart we're going to look at conditions by price bracket. From the chart below we can see the market conditions for each segment of the Plymouth Housing Market. This data is a snap shot of the conditions as of the date of this post and may vary from one day to the next, but the overall inventory levels will be pretty steady.

• Seller's Market - Homes at or below $350,000
• Balanced Market - Homes from $350,000 - $500,000
• Buyer's Market - Homes above $500,000

One of the reasons Plymouth is experiencing better market conditions compared to other communities around the Twin Cities Area has to do with Plymouth being one of the most desirable areas to live in the Twin Cities. The other factor Plymouth has is it's healthier economy in relation to the rest of the Twin Cities.

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