Interest Rates fell this week to 5.75% for a 30 year fixed on February 22, 2008. Lenders, quite frankly are not helping the market right now. There are a large number of qualified buyers out there. We have heard through the grapevine that one major lender is going to be buying down the rate slightly on home purchase loans. That is very good news.
There are several good signs about the real estate market here in Owatonna.
Current real estate listing inventory - 212 active listings in Owatonna as of today. The active listing count has remained stable the last few weeks. The fact that the active listing count has not climbed dramatically is a good thing for home sellers. As we have posted in the past, 175-180 lostings would be a fairly balanced market in Owatonna. We currently are still in a buyers market but not as severly as June-July 2007. There are still a wonderful deals out there for buyers to jump on. We are including links to two of those properties here. 455 Fairview,Owatonna $119,900 , 1340 Autumn Dr, Owatonna, MN
The number of pending listings remained stable at 26 houses. This is also a good sign as we continue to see the pending count stay stable and not fall.
There have been 29 properties Closed so far in 2008. We continue to see the closed listing count rise slowly. That is very good.
We are posting several new reports here starting today. They are comparison charts for the active, pending & sold listings. Please take a look and let us know what you think of these. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . We will continue to post new statistics and charts here. Buyers are continuing to purchase homes and as we see interest rates creep down again we will see more buyers come off the fence and complete a purchase. Home sellers the questions to ask yourselves are these: Am I ready to sell now or am I just waiting for the market to turn? Are buyers finding the price attractive enough to write an Offer to Ourchase? If the answers to these questions are "NO" or "I'm not sure", then you aren't a true seller. Our current market is a very proactive market, we need to do things that will capture the attention of the buying public.
Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com
Interest Rates rose again today to 6.125% for a 30 year fixed on February 22, 2008. Lenders, quite frankly are not helping the market right now. There are a large number of qualified buyers out there. We have heard through the grapevine that one major lender is going to be buying down the rate slightly on purchases. That is very good news.
Current listing inventory - 211 active listings in Owatonna as of today. The active listing count has remained stable the last few weeks and that is a good sign because we have seen the pending count climb. Open houses on Saturday were awesome, all 3 members of our group hosted Open Houses and we had traffic through all of the houses. That is a great sign that things are picking up.
The number of pending listings remained at 26 houses. Again this is a good sign as we continue to see the pending count rise it means homes are receiving acceptable offers to purchase.
There have been 25 properties Closed so far in 2008. The under $200,000 market has been the strongest so far this year. Almost 80% of the homes sold so far in 2008 have fallen in this price range. Only 4 homes above $209,900 have closed in 2008.
Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com
Interest Rates rose to 6.0% for a 30 year fixed on February 22, 2008. Lenders have not been willing to lower rates right now, but we did hear today that one major lender is going to be concentrating efforts on purchases rather that re-fis. That is very good news.
Current listing inventory - 210 active listings in Owatonna as of today. Showings have begun to pick up again and we are hoping for a good turnout at Open Houses tomorrow.
The number of pending listings remained rose slightly this week to 26 houses. Again this is a good sign as we continue to see the pending count rise it means homes are receiving acceptable off to purchase.
There have been 24 properties Closed so far in 2008. The under $200,000 market has been the strongest so far this year. Almost 80% of the homes sold so far in 2008 have fallen in this price range. Only 3 homes above $209,900 have closed in 2008.
If your home is on the market and you are just over that $200,000 price break (and I know there are a few of you out there, I've looked at the active listings), it might be a good idea to talk with your real estate professional about a new price
We are still working on some new format for the documents we post here as well as some additional statistics. Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com
Interest Rates rose to 5.875% for a 30 year fixed on February 18, 2008. Mortgage rates have been somewhat strange over the last 20 days. They are up a bit right now.
Current listing inventory - 212 active listings in Owatonna as of today. We have seen quite a few showings through the month of January but showings have tepered off the last week. Right now buyers seem to be confused about interest rates and are just sitting back waiting for rates to come down and stabilize a bit. The FED has dropped the wholesale rate several times, however many lenders are keeping mortgage rates high trying to recoup some of their sub-prime losses. In addition many secondary investors are asking for a higher returns for the same reason. The number of pending listings remained rose slightly to 23 houses. There were 22 properties Closed so far in 2008.
Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com
Interest Rates fell to 5.5% for a 30 year fixed on February 11, 2008. Mortgage rates have been somewhat strage over the last 14 days or so the took a big drop on the 22nd of January for about 3-4 hours and then bounced back up again. The continue to move around between 5.375% & 5.625% every couple of days.
Current listing inventory - 207 active listings in Owatonna as of today. As we speculated last week many of the expired listings came back on the market and brought the count back up. We are continuing to see strong market activity with the number of showing requests that have been scheduled. In addition our website set a record last month for the most number of visitors since we launched the site 6 years ago. Those are the positive signs that we are looking for.The number of pending listings remained stable at 19 houses. There were 22 properties Closed so far in 2008.
We would like to thank all of you who have e-mailed us or comments on our blog. We are working on bringing a different type of format to the documents that we post here. The new MLS system that we went to several weeks ago has much more capability for us to provide additional information, however we need to learn how to present that information to our visitors. This week we are using a different format and we will continue to experiment as we move ahead. Please continue to give us feedbackvia comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com
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Buying or Selling a home is a very personal undertaking. We are the Family sales team that understands just how personal it is. Let our Family help guide your Family through this personal experience.
As the description above says. We truly are a family real estate sales team. We are husband-wife team. When needed all 4 of our children and both of our grandchildren get involved in our business as well.
Buying or selling a new is much-much more than location-location-location. In involves tremendous amounts of emotion, decisions, econimic factors and numerous other considerations.
We are the real estate professionals you need. We give outstanding attention to detail and strive to exceed the expectations of our clients.
When buying or selling a home in Owatonna, Austin or Albert Lea, MN Give us a call. We would enjoy hearing from you.
(507) 390-2121 - Owatonna
Susan: I have a bachelors degree in education. I began selling real estate for Federated Realty Group, in the Milwaukee, WI area in 1994. I was Rookie of the Year for 1994. In 1995 I received my GRI designation (Graduate Realtor Institute) and was a member of the Presidents club, in addition I was voted Outstanding Team Player. In 1996 I was a member of the Masters Club and also received my CRS designation (Certified Residential Specialist) (only 2% of Real Estate agents nationwide achieve this designation). I remained a Masters Club member through 1999 when the company was acquired. I was a member of Coldwell Banker's Diamond Society for 2000. In 2001 I relocated to Owatonna, MN. I joined Century 21 Vision in 2001, while only working part-time in 2001 (I spent the rest of my time being a new grandmother) I received a Century 21 Quality Service Award & a Century 21 Mortgage Award. In 2002 I received my ABR designation (Accredited Buyer Representative) and also received the Century 21 Centurion award. In 2003 & 2004 I also received the Century 21 Centurion Award and was the office leader for sales production as well as being ranked as one of the top 10 Century 21 agents in MN. I also completed the Century 21 Mature Moves course. In 2005 I completed the Century 21 New Home Sales Course, The Century 21 Fine Homes & Estates Course and received my SRES designation (Seniors Real Estate Specialist). Also in 2005 our new team "The Bartley Group" received the prestigious Century 21 Technology Award (the only one awarded in the world by Century 21 in 2005) Centurion and Quality Service Awards as well as recognition as the Number 1 sales team in Minnesota for Century 21. In 2006 our team received the Centurion and Quality Service Awards as well as recognition as the Number 1 sales team in Minnesota for Century21. In March 2007 we made a business decision to move our team to Coldwell Banker Home Connection.
Brian: I have a bachelors degree in business administration. I began my career in real estate working as an assistant in 1995 for Susan, at Federated Realty Group, in the Milwaukee, WI area. In 1996 I began working for Federated maintaining the companies PC's as well as training their Sales Associates. I continued with Federated until the company was acquired in 1999. I joined the Coldwell Banker Residential Brokerage IT Department in 1999. In 2001 I was promoted to IT Supervisor for Coldwell Banker Residential Brokerage for the Milwaukee region. In 2003 I transferred to the IT Department of Coldwell Banker Burnet in Edina, MN to work as a Systems Engineer. In 2005 I joined Susan selling real estate full time. In 2005 I also completed the Century 21 New Home Sales Course, The Century 21 Fine Homes & Estates Course, The Century 21 Mature Moves Course and earned my GRI & SRES designations. In 2007 I completed the course work and passed the exam to qualify for my Brokers License.
"Susan did an amazing job keeping us informed, guiding us w/good vendors & fiinancial institutions as well. I would recommed her to anyone. We were thrilled with her customer service." Aaron & Michelle
"The prosect of buying our first home was very satisfying. Todd Berglund was very helpful explaining all of the items and closing procedures..." Jessica & Steve
"Susan, Brian & Todd went "Above & Beyond" in their efforts to sell our home. We would recommend The Bartley Group to any of our friends or acquaintances that are looking for help in their real estate transactions." Tony & Diane
"Susan & Brian were excellent, always giving us encouraging words, especially during the closing process." Bev & Jim
"Susan is very articulate and explains things well. Susan was very pleasant to work with." Darlene
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