About Dakota County, MN

Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3^rd quarter 2009 for Lakeville Minnesota;

Lakeville currently has 26.7% lender mediated homes compared to Minneapolis at 25.2%. The last two quarter of lender mediated homes has held steady. Traditional listings have fallen 25% during the same time frame. The supply of lender mediated homes has fallen from 8.4 months to 4.3 months. Properties listed under $150,000 are moving quickly.

Kenden Post-CDPE, SFR, ePro

Coldwell Banker Burnet-Apple Valley, Minnesota

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810, (c)612-310-6304

Do you know anyone facing foreclosure? You do have options. We are the short sale experts.

SFR-Short Sales and Foreclosure Resource Certified by the National Association of Realtors

Statistics courtesy of Minneapolis Association of Realtors

Free reports at www.YourMnShortSaleExpert.com.

Short sale information can be found at http://MnShortSalesExpert.com

First time home buyers be sure to visit http://OurFirstMinnesotaHome.com/ to register for your Home Sweet Home Buyers Program^TM

Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3^rd quarter 2009 for Farmington Minnesota;

Farmington Minnesota has a higher than average lender mediated homes at 42.5% opposed to Minneapolis at 25.2%. The months supply of lender mediated homes has decreased from 8.9 months to 4.7 months supply. New listings for lender mediated homes has increased almost 30% over the last 12 months.

Kenden Post-CDPE, SFR, ePro

Coldwell Banker Burnet-Apple Valley, Minnesota

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810, (c)612-310-6304

Do you know anyone facing foreclosure? You do have options. We are the short sale experts.

SFR-Short Sales and Foreclosure Resource Certified by the National Association of Realtors

Statistics courtesy of Minneapolis Association of Realtors

Free reports at www.YourMnShortSaleExpert.com.

Short sale information can be found at http://MnShortSalesExpert.com

First time home buyers be sure to visit http://OurFirstMinnesotaHome.com/ to register for your Home Sweet Home Buyers Program^TM

Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3^rd quarter 2009 for Eagan Minnesota;

Eagan Minnesota currently has 25.2% lender mediated homes and is the same as Minneapolis. This is up from 12% in 2007. Over the past 12 months the supply of lender mediated properties has decreased from 7.3 to3.3. This is partly due to affordable housing that is available in Eagan that is under $150,000. These properties are moving quickly.

Kenden Post-CDPE, SFR, ePro

Coldwell Banker Burnet-Apple Valley, Minnesota

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810, (c)612-310-6304

Do you know anyone facing foreclosure? You do have options. We are the short sale experts.

SFR-Short Sales and Foreclosure Resource Certified by the National Association of Realtors

Statistics courtesy of Minneapolis Association of Realtors

Free reports at www.YourMnShortSaleExpert.com.

Short sale information can be found at http://MnShortSalesExpert.com

First time home buyers be sure to visit http://OurFirstMinnesotaHome.com/ to register for your Home Sweet Home Buyers Program^TM.

Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3^rd quarter 2009 for Burnsville Minnesota;

Burnsville currently has 27.3% of its current inventory that is lender mediated compared to Minneapolis that is 25%. Lender mediated inventory is up from 11.1% in 2007 but down slightly from 28.4% in 2008. The supply of lender mediated homes in months is down from 8.8 months to 4.0. Lender mediated homes in the lower price levels are moving quickly.

Kenden Post-CDPE, SFR, ePro

Coldwell Banker Burnet-Apple Valley, Minnesota

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810, (c)612-310-6304

Do you know anyone facing foreclosure? You do have options. We are the short sale experts.

SFR-Short Sales and Foreclosure Resource Specialist certified by National Association of Realtors.

Statistics courtesy of Minneapolis Association of Realtors.

Free reports at www.YourMnShortSaleExpert.com.

Short sale information can be found at http://MnShortSalesExpert.com

First time home buyers be sure to visit http://OurFirstMinnesotaHome.com/ to register for your Home Sweet Home Buyers Program^TM.

I recently read a blog about how to respond when someone asks you who set the price. It was presented in a manner that the person asking this questions was getting a feel for the sellers and if the price was firm or soft.

It made me think a little more about the question and how I approach listings. Do I set the price or do the sellers? My answer to that is always the sellers. This has been a topic of debate many times in my office. Some agents take the approach that, "I'm the expert, so of course I set the price". The problem is that one you set the price, you have taken ownership of that price. and guess what happen if the home doesn't sell at the price you've determined? That's right; you become public enemy number one and your credibility is shot.

In this volatile market, it's important to remember that, while we are the experts and should have a better handle on the market than most sellers, even we experts can be off the mark from time to time. That's why we need to take the approach of providing information and suggestions. We show them the data, we give them our opinion, and then we let them decide. Then they have taken ownership and if/when it comes time to ask for that price reduction, it's easier to say, "We've tried it at your price (ownership) and we haven't sold. It's time for a price change (not reduction; there's power in wording as well)".