A reminder to everyone to stop by the Kutzky Park this weekend July 10, 11, 12 and watch the Rochester Open Tennius Tournament! I'm sponsoring the event and have arranged a concession stand to be there all weekend. We'll have burgers, bagels, gatorade, turkey etc. Come enjoy some great tennis and teh fun Kutky Park play area.
See you there!
The market in Rochester has steadily grown over the past few months. With new Mayo Clinic residents and PhD candidates arriving in June, homes sales in the first time buyer range have dramatically increased. It is also a benefit having the first time buyer tax credit of up to $8000. Buyers should also be aware that they may file an addendum to the IRS and still may be able to get the tax credit event though taxes have been filed for the year. As always, consult your accountant first.
Currently in Rochester we have 1,083 homes listed as active on the market. This includes all areas and price ranges. As of January 1, 2009 The NW quadrant of Rochester is still the most active with 522 current active listings, 164 pending and 146 sold at an avg price of $161,967. These homes averaged 127 days on the market. the SW quadrant ranks second in active listings at 234 with 45 pending and 56 sold. The avg. sales price in the SW is higher at $250,838 and averaging 159 days on the market.
In the SE we have 183 homes active with 37 pending and 65 sold. These sold homes have an avg price $128,143 and averaged 129 days on market. Rounding out our city is the NE quadrant with 160 current active homes, 35 pending and 46 sold. The sold homes are averaging $177,305 and are spending an average of 161 days on market.
Interest rates continue to remain steady at an all-time low. Credit scores are crucial to getting the best possible rate. it is always a bonus to have a significant cash down payment as well. Fiscal responsibilty is key.
Realtor in Rochester, Minnesota and nearby areas. Serving home buyers and sellers, relocation, and luxury homes. Rochester is home to the world famous Mayo Clinic, a leader in health care and IBM.
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