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Kenden Post, CDPE, SFR, ePro

Eagan, MN homes sales information for September 2009

Here are the final numbers for Eagan, MN. September 2009 home sales;

Eagan, MN Sept. Sept. Sept. Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 124 103 -16.9 1230 1060 -13.8
Closed Sales 59 70 18.6 546 529 -3.1
Median Sales Price 230000 208750 -9.2 226000 183000 -19
Avg. Sales Price 264,154 209591 -20.3 247096 204091 -17.4
% of orginal list pirce received 94 94.3 -0.1 93.3 92 -1.4
Avg. Days of Market  132 125 -5.2 136 140 2.5
Single-family detached inventory 217 172 -20.7      
Townhouse-condo inventory 243 180 -25.9      

 

If you have any questions about this information on home sales for Eagan, Minnesota please feel free to contact me.

Kenden Post-CDPE, ePro

Coldwell Banker Burnet-Apple Valley

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

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

Statistics courtesy of Southern Twin Cities Association of Realtors

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

www.MnShortSalesExpert.com

Free reports at www.YourMnShortSaleExpert.com.

 

First time home buyers be sure to visit www.OurFirstMinnesotaHome.com to register for your Home Sweet Home Buyers ProgramTM.

Burnsville, MN home sales information for Septermber 2009

Here are the final numbers for Burnsville, MN. September 2009 home sales;

Burnsville, MN Sept. Sept. Sept. Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 131 105 -19.8 1185 1091 -7.9
Closed Sales 74 56 -24.3 469 493 5.1
Median Sales Price 194150 169900 -12.5 209400 175000 -16.4
Avg. Sales Price 19,646 180400 -9.6 214906 185832 -13.5
% of orginal list pirce received 94 93.2 -0.9 92.6 92.1 -0.5
Avg. Days of Market  138 124 -103 139 137 -1.5
Single-family detached inventory 237 194 -18.1      
Townhouse-condo inventory 257 190 -26.1      

 

If you have any questions about this information on home sales for Burnsville, Minnesota please feel free to contact me.

Kenden Post-CDPE, ePro

Coldwell Banker Burnet-Apple Valley

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

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

Statistics courtesy of Southern Twin Cities Association of Realtors

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

www.MnShortSalesExpert.com

Free reports at www.YourMnShortSaleExpert.com.

 

First time home buyers be sure to visit www.OurFirstMinnesotaHome.com to register for your Home Sweet Home Buyers ProgramTM.

Apple Valley, MN home sales information for September 2009

Here are the final numbers for Apple Valley, MN. September 2009 home sales;

Apple Valley, MN September September September Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 153 110 -28.1 1274 1055 -17.2
Closed Sales 69 70 1.4 513 558 8.8
Median Sales Price 184500 155000 -16 214500 170000 -20.7
Avg. Sales Price 202,621 176112 -13.1 234104 191937 -18
% of orginal list pirce received 93 96.5 3.8 93.7 93.3 -0.4
Avg. Days of Market  163 105 -35.5 143 139 -2.8
Single-family detached inventory 227 171 -24.7      
Townhouse-condo inventory 269 156 -42.1      

 

If you have any questions about this information on home sales for Apple Valley, Minnesota please feel free to contact me.

Kenden Post-CDPE, ePro

Coldwell Banker Burnet-Apple Valley

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

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

Statistics courtesy of Southern Twin Cities Association of Realtors

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

www.MnShortSalesExpert.com

www.YourMnShortSaleExpert.com

 

First time home buyers be sure to visit www.OurFirstMinnesotaHome.com to register for your Home Sweet Home Buyers ProgramTM.

 

What is a short sale?

A short sale is a solution for a homeowner that needs to sell, and they owe more on the home that what the home is currently worth. Short sales and bank owned properties are roughly 60% of today's real estate transactions. Short sales used to be a thing of the past but not any more. Short sales are hear to stay. Maybe until 2015 from the latest findings. Option ARM's are just beginning to reset and individuals are defaulting on the "teaser rates" on these loans. Lenders are much more open to short sales with the current market conditions. Working with a "Certified Distressed Property Expert" is going to increase your chances of getting your short sale approved with a lender.

To be a little clearer, as short sale could be defined as;

  • A homeowner is short when the amount owed on the home is greater than the current market value. Thus the "short".
  • The "short sale" occurs when the lender enters into negotiations with the seller and buyer to accept less than the full amount owed on the home loan at closing. The buyers close on the property for less than the full amount owed on the home creating the short.

Not all homeowners qualify for a short sale. The homeowner has to qualify for a hardship. This could include;

  • Financial hardship-job loss, pay reduction, loss of hours worked, etc.
  • Monthly income has to be less than their expenses. You have to show a negative cash flow and be ready to provide documentation for all expenses. You will have to fill out a financial worksheet.
  • Insolvent-the homeowner has no chance of recovering from their hardship or catching up on their mortgage. The money is not there.

You don't qualify if you bought your home in the last few years and have lost value. You are mad that you have lost money on the home and you don't want it anymore. You can afford it but don't want it. Big difference.

Working with a Certified Distress Property Expert will increase your chances of getting your short sale approved by your lender. It is a complicated process that if done correctly can save you and your family from foreclosure. A short sale does far less damage on your credit report and a foreclosure. We have seen in some instances just a 50 point drop in credit scores if done correctly. A foreclosure will drop your credit score up to 350 points. This is something you will have to disclose probably for your lifetime. Avoid a foreclosure at all cost's. You do have options if you don't wait until it is to late.

Eagan, MN home sales information for July 2009

Here are the final numbers for Eagan, MN. June 2009 home sales;

Eagan, MN July July July Entire Year Entire Year Entire Year
Dakota County, MN 2008 2009   Change 2008 2009   Change
New listings 142 120 -15.5 998 837 -16.1
Closed Sales 64 77 20.3 427 387 -9.4
Median Sales Price 231950 173500 -25.2 223900 181000 -19.2
Avg. Sales Price 263,682 199917 -24.2 247976 204709 -17.4
% of orginal list pirce received 94 91.8 -2.7 93.2 91.3 -2.1
Avg. Days of Market  118 119 1 139 141 1.2
Single-family detached inventory 220 202 -8.2      
Townhouse-condo inventory 267 194 -27.3      

 

If you have any questions about this information on home sales for Eagan, MN. please feel free to contact me.

Kenden Post

Coldwell Banker Burnet-Apple Valley

www.OurFirstMinnesotaHome.com

Kenden@KendenPost.com

(o)952-997-1960, (f)952-997-8810

Statistics courtesy of Southern Twin Cities Association of Realtors

Do you know of anyone facing foreclosure? We can help. Call or email us for more information. We are the short sale experts.

www.MnShortSalesExpert.com

First time home buyers be sure to visit www.OurFirstMinnesotaHome.com to register for your Home Sweet Home Buyers ProgramTM.