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Sharlene Hensrud

Loring Greenway... hidden treasure of Loring Park neighborhood

Loring Greenway is an urban walkway that connects Nicollet Mall with Loring Park, the city park that gives its name to the Minneapolis neighborhood ranked 2nd most livable by Twin Cities METRO magazine. If you aren't familiar with it you might not even realize it's there... but this urban walkway gets heavy use by thousands of people every day.

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One entrance is across the street from the Berger dandelion fountain on the western edge of Loring Park. It meanders past condos, townhouses and apartments as it makes it way through gardens, fountains, and a playground on its way to Nicollet Mall... across the street from Westminster Presbyterian Church where a Paul Granlund sculpture bursts forth.

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Designed by noted landscape architect M. Paul Friedberg, it is very fitting that Peavey Plaza, which he also designed, is on the corner less than a block away. The design creates a plaza parkway over LaSalle Avenue. I love the bustle of the city contrasted with the peaceful canopy of trees and a quiet residential feel. Many people may not even realize this part of the city is even here... quiet, shaded townhomes just steps from Nicollet Mall?!

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It makes me wonder if this walkway might have been part of the inspiration for the Edina Promenade. Both are wonderfully walkable, passing by condos and townhomes as they connect a city park with commercial districts.Both are also areas that appeal to young buyers and Baby Boomers alike.

Loring-mapNot surprisingly, many of the homes for sale in the Loring Park neighborhood are concentrated in the area around the Loring Greenway, currently ranging in price from $119,900 to $595,000. The other high concentration of Loring Park neighborhood condos is along Groveland Avenue on the south side of Loring Park, not far from Walker Art Center.

Sharlene Hensrud, RE/MAX Results - Loring Park Realtor

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Months supply of homes for sale lowest since 2005

If you are searching for a property to buy and it seems like there aren't as many choices as there used to be you are correct. When measured by the number of properties being sold relative to the number of homes on the market the supply at the end of last month was the lowest it has been in September since 2005.

Sep11-supply of homes

This means it would take 6.8 months to sell the current inventory at the current rate of sales... very close to what is considered the ideal balance of 5-6 months. This is the average for the entire metro area. Because all real estate is local, the months supply gets higher or lower when broken down by county... with Hennepin and Anoka Counties at a balanced market level!

  • Hennepin County - 5.3 months
  • Anoka County - 5.7 months
  • Dakota County - 6.2 months
  • Ramsey County - 6.8 months
  • Washington County - 7.7 months
  • Carver County - 9.7 months
  • Scott County - 10 months

Sep11-supply of homes by typeWhen broken down by traditional vs. foreclosure vs. short sales, there is an even bigger difference.

Short sales are in largest supply metrowide at 13.8 months... a big reason because they typically take 4-6 months to close after getting an offer. Average sale price for short sales last month was 83.3% of list price.

Foreclosures and traditional sales both sold at about 92% of list price, but the low price of lender-owned foreclosures made them in high demand in spite of their often challenged condition, especially for investors. There was only a 2.1 month supply of foreclosures at the end of September.

Investors typically purchase about 70% of all foreclosures, but under the First Look period initiated about two years ago only buyers who plan to live in the home are eligible to purchase during the first 15 days on the market.

Sep11-percent of sales by typeThe percentage of total sales by type has remained amazingly constant comparing September year-over-year... with 2011 traditional sales commanding 60.3% of the market, foreclosures 28.4% and short sales 11.3%.

Expect the percentage of lender-owned sales to increase during the winter months, when traditional sellers are often looking for someplace warm and/or busy preparing to sell in the spring.

Sharlene Hensrud, RE/MAX Results - Minneapolis - St. Paul Buyer's Agent

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Only one weekend left to visit a corn maze this season!

Fall in Minnesota makes one think of apples and pumpkins... and corn mazes!

Cornmaze-apples-pumpkins

Mazes actually go back thousands of years... to the Egyptian pyramid chambers and Roman street patterns. But growing mazes didn't become popular until the 15th century when hedge mazes were grown to entertain European nobility. The Amazing Maize Maze in Pennsylvania claims to be the first American corn maze created for public entertainment... a mere 18 years ago, in 1993.

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Since that time corn mazes have become popular throughout the US and Canada, Europe and Australia. I find it fascinating how they change throughout the season, starting green and ending with the dried corn stalks we associate with fall. In Minnesota the corn maze season is usually over the end of October... so that means only one weekend left this year!

Mazes usually have a pattern theme, which is mowed out of the field when the corn is about 6" tall. A couple mazes in the Twin Cities this year have a MN Twins theme in celebration of their 50th anniversary. Some have miles of trails and some are smaller and less elaborate... but all give a great excuse to get out and enjoy a beautiful fall day with the whole family!

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Corn mazes are now often part of a festival-like atmosphere which may include a corn pit, rides, animals, food and other activities as well as pumkins and apples. Look for a corn maze near you... this list is by no means comprehensive, it didn't even include the one we visited yesterday at 101 Market in Elk River!

Sharlene Hensrud, RE/MAX Results - Email - Twin Cities Lifestyle Realtor

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Wood Lake... the area's first municipal nature center

Wood Lake was once a recreational lake surrounded by homes, but much of its water drained in the 1950's... leaving a vast marshland which was dedicated as the area's first municpal nature center in 1971. Today three miles of trails and boardwalks wind through cattail marsh, lowland forest and restored prairie habitats.

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Yesterday was my first extensive walk at Wood Lake Nature Center, and it was a beautiful day for it... the colors were glorious and there were many out taking advantage of this wonderful resource in the midst of the city.

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The western edge of Wood Lake Nature Center borders I-35W reminding you that you are still in the city, but the natural beauty makes you feel like you are miles away. A few homes remain from its early days as a recreational lake, including Richfield's oldest historic home built in 1856. Oak Grove Boulevard bordering the southeast edge of the park has a feel unlike any other part of Richfield, a first ring suburb bordering the southern edge of Minneapolis. See what is currently for sale around Wood Lake Nature Center.

Sharlene Hensrud, RE/MAX Results - Email - Richfield Realtor

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Originally posted at www.HomesMSPRealEstateBlog.com

Pike Island... a hidden hiking gem at the confluence of the Mississppi and Minnesota Rivers

With fall color season on the way, I couldn't help but think about all the wonderful opportunities we have to take a walk and enjoy the crisp, fall air under trees ablaze with color without even leaving the city. A hidden gem popular with runners and hikers is Pike Island, located at the confluence of the Mississippi and Minnesota Rivers in Ft. Snelling State Park. I had never hiked it before and decided that yesterday was a perfect day to explore it!

The island is named after Zebulon Pike, who purchased it for the federal government in 1805 as part of the parcel of land that was to become Ft. Snelling. You can see it in the rivers below Ft. Snelling in the historic painting above representing the view from Mendota Heights. The point in the right photo above is where the Mississippi and Minnesota Rivers meet, with Mendota Heights bluffs on the right.

No bikes The island is reserved for hikers and runners only, with a NO BIKES sign on the only bridge connecting to the island. I was frustrated we didn't find any maps along the route we took... was glad to be able to track where we were on my phone. We did find a couple trail maps posted along the Minnesota River side on our way back. The packed trail around the whole island is about 3 miles, with cut-across paths for one-mile and two-mile loops.

As you cross the bridge there is a trail that branches off to the right, which heads to the Minnesota River side of the island... straight ahead and to the left is the trail to the Mississippi River side.

I found it fascinating how each side of the island has its own distinctive character. The Mississippi River side drops down to a sandy beach where the water continues to erode and expose tree roots above the shore line. I was surprised to find big stands of dune grass on some sections of the sandy shoreline. It's a great place to stroll the beach and look across the river to St. Paul's Crosby Farm Park... and watch the recreational boats on the river. We even saw a water skiier when we were out yesterday!

The trail on the Minnesota River side was much sandier, but there was no sand beach. There were more open spaces and more evidence of flooding... with tree trunks themselves bearing natural markings of flood stages. It would appear that much of the island may be under water during high flood seasons. We noted that we saw only deciduous trees, not sure if there were any evergreens or pines hiding in the woods... we guessed that it must be related to the combination of sandy soil and wet springs.

If you decide to pay a visit to Pike Island, you can enter through Ft. Snelling State Park where you can use your state park sticker or pay a fee... or you can park at Historic Ft. Snelling with no charge and walk to the adjoining state park.

I had gone to the island before through the park and decided to try parking at Ft. Snelling this time. It took me awhile to figure out where to go but it was easy once I figured it out... hopefully this helps if this is your first visit...



When you get out of your car you can go enjoy the lookout view by the Historic Fort Snelling marker, then go back and follow the sidewalk along the parking lot towards and past the barracks. After the barracks you will see paths branching off, but continue straight towards the fort. Opposite the entrance to the fort there is an unassuming path that winds to a paved path with steps down the hill, then joins another paved path continuing down the hill. Follow this path to the state park.

When you get to the bottom of the hill below the fort, this path will connect with another paved path... going to the left continues along the fort on the way to Minnehaha Falls (don't go that way)... turn to the right and in just a short distance you will find an unpaved trail branching off to the left with an informational kiosk. The kiosk, although interesting, isn't about Pike Island... keep going until you see another path branch off to the left heading to a footbridge. This is the bridge to Pike Island, with a bike rack reminder that the island is for foot traffic only.

Sharlene Hensrud, RE/MAX Results - Email - Minneapolis Realtor

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Originally posted at http://www.homesmsprealestateblog.com/