Hot off the Press: Richfield Market Update for Buyers and Sellers... by Twin Cities Homes for Sale

Single Family Homes

March 2009

With the cold spring and current economic woes, real estate market has been sluggish. However, the activity has been picking up in the recent weeks. Good news is that the foreclosure homes have been selling and there are fewer of them available. In general, the inventory has come down and buyers experience a lot more competition now.

Current market activity in Richfield:

All homes available for sale: 165

• lender owned: 31
  
• non-lender owned: 134
  

All pending transactions: 74

• lender owned: 28
  
• non-lender owned: 46
  

Sales closed this month: 22

• lender owned: 4 with average sale price of $108,850
  
• non-lender owned: 18 with average sale price of $196,939

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

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Contact Marzena M. Melby, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 to list your property for sale or to purchase a property in the Twin Cities Greater Metro Area.

Visit my profile to find out more about my services. Call me today at 612-267-6798. If you prefer, contact me by email, by clicking on "email me" link of this page under my profile.

Visit my website to search homes for sale in the Twin Cities and surrounding areas.

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.

Copyright © 2009 By Marzena M. Melby, All Rights Reserved