Interest Rates have fallen today to 5.625% on January 2, 2007. This is what we expected to happen in January, it just happened a little earlier in the month than usual. Lenders typically reduce interest rates in January to stimulate business. These rate decreases usually last several weeks and then the rates pop up again.
Current listing inventory - 208 active listings in Owatonna as of today, that number has remained stable since last week. We didn't make the goal we were hoping for of 200 or less listings by the end of 2007 but we have remained fairly soild where we are. Average days on the market has dropped slightly to 170 days. The number of pending listings dropped to 22 houses this was to be expected as many homes closed during the last few days of the year. Average days on the market for pendings is 148 days. There were 397 properties Closed during 2007, with an average days on market time of 114 days. A telling number to look at is the difference between average days on market for the closed properties and the active properties. There is a 56 day (almost 2 months) difference between the homes that buyers have found value in and the homes that buyers are rejecting at their current listed price.
Buyers, I know we have posted this before, but if you have been sitting on the fence waiting, we are seeing so awesome deals available right now
We will follow up in a few days with a new market absorption chart as well as comparisions of 2006 vs 2007.
Give us a call, 507-390-2121 or email us, 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 & son-in-law. 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
(507) 440-5703 - Austin
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.
Todd: I have been a resident of Owatonna for a number of years and was a High School Social Studies teacher from 1997 to 2007. As a teacher I taught Political Science, Economics, History, Psychology, and Sociology. As a Real Estate Agent I will use my teaching experience to help people make good home buying and selling choices by providing them with all of the necessary and important information in order to make the best decisions for themselves and their families. Education · Bachelors of Arts in Social Studies Education from the University of Minnesota - Duluth · Masters degree in Educational Leadership from Southwest State University · Real Estate licensure program through Kaplan Professional Schools · Continuing Education in the Real Estate industry.
"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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