Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3rd quarter 2009 for Farmington Minnesota;
| Farmington Minnesota | L/M | L/M | L/M | Traditional | Traditonal | Traditional |
| Dakota County | Oct-09 | Oct-09 | % Change | Oct-09 | Oct-09 | % Change |
| Inventory of homes for sale | 107 | 107 | 0 | 228 | 145 | -36.4 |
| Months supply of inventory | 8.9 | 4.7 | -47.2 | 10.1 | 7.1 | -29.7 |
| 10/07-9/08 | 10/08-9/09 | %Change | 10/07-9/08 | 10/08-9/09 | % Change | |
| New Listings | 283 | 365 | 29 | 805 | 515 | -36 |
| Closed Sales | 119 | 194 | 63 | 278 | 233 | -16.2 |
| Median Sales Price | 168200 | 150000 | -10.8 | 219450 | 197000 | -10.2 |
| Median Price per sq.ft. | 99 | 83 | -16.5 | 115 | 103 | -10.5 |
| % of original list price | 90.3 | 91.6 | 1.4 | 94.7 | 92.1 | -2.7 |
| Days on Market until sold | 135 | 134 | -0.4 | 144 | 163 | 13.1 |
| L/M=Lender Mediated |
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
(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 ProgramTM
Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3rd quarter 2009 for Eagan Minnesota;
| Eagan Minnesota | L/M | L/M | L/M | Traditional | Traditonal | Traditional |
| Dakota County | Oct-09 | Oct-09 | % Change | Oct-09 | Oct-09 | % Change |
| Inventory of homes for sale | 105 | 93 | -11.4 | 339 | 276 | -18.6 |
| Months supply of inventory | 7.3 | 3.3 | -55.4 | 8.1 | 7.6 | -6.5 |
| 10/07-9/08 | 10/08-9/09 | %Change | 10/07-9/08 | 10/08-9/09 | % Change | |
| New Listings | 376 | 417 | 10.9 | 1174 | 889 | -24.4 |
| Closed Sales | 169 | 271 | 60.4 | 528 | 401 | -24.1 |
| Median Sales Price | 164400 | 128000 | -22.1 | 248500 | 228500 | -8 |
| Median Price per sq.ft. | 97 | 83 | -14.6 | 124 | 114 | -8.3 |
| % of original list price | 89.4 | 89.6 | 0.2 | 94.5 | 93.4 | -1.1 |
| Days on Market until sold | 142 | 134 | -5.9 | 127 | 136 | 6.9 |
| L/M=Lender Mediated |
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
(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 ProgramTM.
Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3rd quarter 2009 for Burnsville Minnesota;
| Burnsville Minnesota | L/M | L/M | L/M | Traditional | Traditonal | Traditional |
| Dakota County | Oct-09 | Oct-09 | % Change | Oct-09 | Oct-09 | % Change |
| Inventory of homes for sale | 137 | 108 | -21.2 | 346 | 288 | -16.8 |
| Months supply of inventory | 8.8 | 4 | -54.3 | 10.6 | 9.3 | -11.8 |
| 10/07-9/08 | 10/08-9/09 | %Change | 10/07-9/08 | 10/08-9/09 | % Change | |
| New Listings | 392 | 454 | 15.8 | 1048 | 933 | -11 |
| Closed Sales | 179 | 287 | 60.3 | 428 | 357 | -16.6 |
| Median Sales Price | 162000 | 149950 | -7.4 | 232000 | 210000 | -9.5 |
| Median Price per sq.ft. | 93 | 78 | -16 | 112 | 101 | -9.5 |
| % of original list price | 89 | 91 | 2.2 | 94 | 92.8 | -1.2 |
| Days on Market until sold | 146 | 134 | -7.9 | 137 | 145 | 5.9 |
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
(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 ProgramTM.
Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3rd quarter 2009 for Apple Valley Minnesota;
|
Apple Valley Minnesota |
L/M |
L/M |
L/M |
Traditional |
Traditional |
Traditional |
|
Dakota County |
Oct-09 |
Oct-09 |
% Change |
Oct-09 |
Oct-09 |
% Change |
|
Inventory of homes for sale |
128 |
100 |
-21.9 |
366 |
246 |
-32.8 |
|
Months supply of inventory |
8.8 |
3.2 |
-63.2 |
9.1 |
6.9 |
-24.8 |
|
|
10/07-9/08 |
10/08-9/09 |
%Change |
10/07-9/08 |
10/08-9/09 |
% Change |
|
New Listings |
371 |
415 |
11.9 |
1216 |
906 |
-25.5 |
|
Closed Sales |
158 |
293 |
85.4 |
499 |
412 |
-17.4 |
|
Median Sales Price |
169000 |
145000 |
-14.2 |
225000 |
204500 |
-9.1 |
|
Median Price per sq.ft. |
100 |
85 |
-14.7 |
116 |
106 |
-8.8 |
|
% of original list price |
90.4 |
92.2 |
2.1 |
94.8 |
93.6 |
-1.2 |
|
Days on Market until sold |
135 |
136 |
0.1 |
136 |
1143 |
5.2 |
|
|
|
|
|
|
|
|
|
L/M=Lender Mediated |
|
|
|
|
|
|
Some interesting notes are the inventory of homes and the month's supply of inventory are both down in lender-mediated and traditional listings. Apple Valley currently has approximately 29% of its inventory that is lender mediated. In comparison Minneapolis currently has around 25%. Lenders are starting to be aggressive in the pricing and these homes are moving quickly especially under $150,000.
Kenden Post-CDPE, ePro
Coldwell Banker Burnet-Apple Valley, Minnesota
(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.
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 ProgramTM.
To quality for a short sale is different that from a traditional listing. The main difference is in order for the bank to even consider a short sale, the homeowner must be able to document the financial hardship. This is done through documentation that the bank will require along with a hardship letter that is provided by the homeowner explaining the hardship and how they got to that point.
A hardship is a condition that is difficult to endure;suffering;deprivation;oppression; or an instance or cause of this;something hard to bear, as a deprivation, lack of comfort, or constant toil or danger (Ref:Dictionary.com). For a homeowner this is a material change in their financial circumstances that affect the ability of the homeowner to keep current or to pay their mortgage. This hardship could be something that is in the near future (divorce, job loss, loss of income, etc.).
A seller must have a hardship in order to qualify for a short sale. A hardship is not a homeowner is mad that they bought their home 3 years ago, the identical home next door just sold for substantially less than what you paid for your home, and you want to walk away. Doesn't work that way. You can still list the home as a traditional listing and sell the home!
A hardship could include the following;
The lender will look for in your hardship letter a circumstance that created your financial hardship. You have to be able to prove this. Your circumstance could still qualify you for a hardship if it is not on the above list. Keep in mind, it has to cause a financial hardship on you to qualify for a short sale.
Kenden Post-CDPE, ePro
Coldwell Banker Burnet-Apple Valley, Minnesota
(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.
Free reports at www.YourMnShortSaleExpert.com.
Short sale information can be found at http://MnShortSalesExpert.com
First time home buyers be sure to visit www.OurFirstMinnesotaHome.com to register for your Home Sweet Home Buyers ProgramTM.
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Certified Distressed Property Expert specializing in helping homeowners avoid foreclosure. Short Sale & Foreclosure Resource Certified by NAR. Home Sweet Home Buyers Program. Twin Cities Specialist.
Hello and welcome to your one-stop source for real estate services covering the Lakeville, Apple Valley, Rosemount, Burnsville, Eagan, Prior Lake, Savage, Farmington and Elko/New Market areas. Real estate is one of the most exciting investments one can make and it should be a fun and rewarding experience. Here you'll find everything you'll need to buy or sell a home as well as learn about the market value of homes you may want to own. It is my goal to provide you with superior service at all times and help make you an educated consumer! I offer many different programs but I put my guarantee's in writing! I am that confident in my service. I want you to be completely satisfied throughout your real estate transaction. My ultimate goal is to have your loyalty for a lifetime. When you think real estate, I want you to immediately think of me. Be sure to ask about your FREE one year home warranty when you list your property or you buy your next property with me. I want you to have the peace of mind knowing it is covered for one year! Enjoy the information on the website. I look forward to working with you in the future.
Before You Start Looking For Your New Home:
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Getting the Highest Price for Your Home
Curb appeal is key and could make a difference whether people stop and take a flyer, or drive right by. Here are a few tips to increase the curb appeal of your home. Staging your home is important. Many buyers will stay in your home longer if it's staged appropriately. I have compiled some ideas to present your home in the most effective manner.
I offer a FREE unique home-hunting service designed to make the home-hunting process both easier and less time-consuming. Many find the traditional home-buying process very frustrating because it's usually the agent who selects which homes you will view, but with our FREE Buyer Profile program, it's you, the buyer, who decides which homes you will take the time to view.
Here's how our FREE home hunting service works: each night our computer searches the main real estate database for all homes (not just our own listings) that match your exact requirements (style of house, square footage, lot size, location, etc.), and then automatically downloads these listings which we then e-mail or fax to you. Daily you receive this free information enabling you to beat out other buyers to new listings.
If you would like to receive regular updates of new listings that match your homebuying criteria simply call our office at 952-997-1960 and we will be happy to assist you.
I offer multiple FREE reports that you can request. They include;
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Search Recent Home Sales In Your Neighborhood. Find out instantly about other homes sold in your area by completing the information below. You will immediately receive a list of recent home sales compiled from local county records. While this is useful information, it should not be used in place of the more extensive CMA that I can provide at no cost or obligation if you are thinking about selling.
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I can't begin to thank Kenden enough for dealing with a very difficult real estate transaction. My spouse and I had deceided to get divorced and put our home on the market. We were not really talking to each other but somehow Kenden seemed to smooth things over and get us through it. We apoligize for this situation but it really worked out well for both of us. I would use Kenden again in a heartbeat. He has my loyality for life when it comes to real estate needs. Name and address withheld by request.
Being a first time home buyer can be a very frightening experience. Kenden did an excellent job of explaining the process and what was expected of us. It really is a partnership when he explained how and what was to be expected from all parties. This cut down on our search time and we were able to locate out new home in just a short time and at the right price. He helped us get our financing first and off we went. Kenden will see us again in a few years when we will then be move up buyers. Thanks for everything. J.G. Minnesota
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