Wednesday, February 21, 2018

Andover MN | 2018 Housing Market Update Snapshot of Home Sales Statistics




The Andover, Minnesota real estate market is quite strong as we start of 2018.  Closed sales were almost equal in 2017 compared to the previous year in spite of a significant drop in new properties listed. This continued lack of inventory across the Twin Cities metro keeps the home sellers in the driver’s seat of the housing market. There is an abundance of new home construction and developments popping up all over Andover. Many of these are high end executive homes on acreage but there are also some mid-range communities that are available for move up buyers to consider. With all this new construction, it is no surprise that the percent received of original listing price is up too. New homes always cost a bit more per square foot than existing homes. In 2017, the average sales price of a home in Andover MN rose again from just over $280K to nearly $307K! This is a nearly 10% increase in average sales price. Likewise the average price per square foot in Andover rose from $123/sq ft in 2016 to an average of $132/sq ft in 2017. Interestingly, the amount of days on the market ticked up last year. This is to be expected since many builders list their model home but do not sell this property for several months as buyers choose to design their own floor plan, lot and finishings. It took an average of 61 days to sell an Andover home in 2017 which is still just 2 months. This is significantly less time than just a few years ago.

With inventory low and demand high, sellers will find 2018 a good year to list their Andover homes. Existing home inventory levels are low for homes in this growing Anoka County community. It appears to be a seller’s market, where sellers have the negotiating advantage. Home buyers are actively out in full force searching for their dream homes right now in Andover. Home owners considering selling in 2018 and hoping to get the most leverage from the low housing inventory should consider listing their homes now. Once the spring market really cranks up and builders get the new models ready for the Spring Parade of Homes, there will be additional competition which could turn balance the Andover housing market again.


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READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Oakdale MN | Video Update on 2018 Housing Market

Here's a quick video update on real estate sales statistics in Oakdale, Minnesota for the year ending 2017; and what might be expected in the housing market as we head into the Spring 2018.




If you have additional questions on selling or buying a home in Oakdale, Minnesota, please call or message me directly. I am always happy to assist. 

Check out this recent review received from a past client:  
"I enjoyed working with Teri. She is both professional and easy to work with. Her knowledge about home sales and purchases is great. If you are looking for a REALTOR with innovative ideas and someone to support you through a somewhat stressful time, then choose Teri." --Des T.


Need more information on the Oakdale, Minnesota housing and real estate market?  Message Me on Facebook

SEARCH for Oakdale Minnesota homes

What is my Oakdale Minnesota Home Worth?


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Sunday, February 18, 2018

Get YOUR Twin Cities Home Ready for Sale in 30 Days or Less

Sellers Need a Cheat Sheet

Shortly after becoming a REALTOR® and after visiting several homes in the north and east Twin Cities metro, I realized when sellers invited me over to give them a market analysis they didn't just want an estimate of their current equity. Potential home sellers needed specifics on how to prepare their home for sale. I would walk through the home and make suggestions but sellers wanted a checklist or cheat sheet. Over a decade ago, I wrote my Teri's Top 10 Tips for a Fast Sale informational flyer. My clients used this print out as their guide to preparing their home for sale.

I still pass out a printed copy of my Top Ten Tips from time to time but many sellers today prefer to watch tips on YouTube. So today I pared down my original To-Do guide and updated it as 3 minute video . 

These basic ideas really do help home sellers to get a home ready and sold quickly. Many motivated home sellers are able to complete the tasks in a few weeks.And best of all, most of the sellers that did a diligent job preparing their property, were able to obtain top dollar offers too!

Teri's Top 10 Tips for Preparing a Home for Sale Video


Enjoyed the video but want the more detailed checklist? Send me a message and I will email you a pdf.


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Saturday, February 17, 2018

Oakdale MN | 2018 Housing Market Update Snapshot of Home Sales Statistics




The real estate market is strong in the St. Paul, Minnesota suburb of Oakdale. Closed sales and new listings were down a bit but high demand for this Washington County community pushed the average sale price of a home to over $217K; an increase of 3.8% from 2016. The average price per square foot was also up over 6% to $127sq ft. Compare this to just 6 years ago when it was roughly $80/sq ft, and it is easy to see the strong recovery in the Oakdale housing market. Homes are still selling fast due to a strong demand with properties selling in an average of 43 days on the market. This is a bit faster than in 2016 when homes sold in 48 days. For those planning to buy in this eastern suburb plan to pay close to list price. Sellers received on average 98.8% of their original asking price this past year. If you are thinking of selling your Oakdale home spring 2018, it is a VERY good time. Traditional sellers have the upper hand in price negotiations now because it IS a seller’s market.

 
Need more information on the Oakdale housing and real estate market?  Message Me on Facebook

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What is my Oakdale Home Worth?


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Wednesday, February 7, 2018

Blaine MN | Video Update on 2018 Housing Market

Here's a quick video update on real estate sales statistics in Blaine Minnesota for the year ending 2017; and what might be expected in the housing market as we head into the Spring 2018.




If you have additional questions on selling or buying a Blaine MN home, please call or message me directly. I am always happy to assist. 

Check out this recent review received from a past client: "Teri Eckholm helped us with the sale of my mom's house. Teri was very professional and helpful during the entire process. She knew the market well and was able to recommend home improvements to help sell mom's house. She always replied to our questions quickly and she made us feel like we were her only clients. My mom felt comfortable working with Teri and I knew my mom was being well taken care of. Teri took the worries and stress out of the home selling process for my family and I give her the highest of recommendations to anyone looking for a great realtor. Thanks Teri!" --Chris Johnson


Need more information on the Blaine, Minnesota housing and real estate market?  Message Me on Facebook

SEARCH for Blaine Minnesota homes

What is my Blaine Minnesota Home Worth?


READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Monday, January 29, 2018

Lino Lakes, MN | 2018 Housing Market Update Snapshot of Home Sales Statistics



As in many other north and east Twin Cities metro communities, Lino Lakes has had a slight drop in the amount of closed sales in 2017. This is usually due to a lack of housing inventory as there has been a noticeable shortage of homes for sale across the Minneapolis/St Paul metro. However in Lino Lakes, new listings were up rather than down this past year. This anomaly is most likely attributed to the significant amount of new construction in this eastern Anoka County community. 

This reflects in the increased average home sales price in which rose by a healthy 6.2% in 2017 to $313,829. Likewise, the average price per square footage also jumped 6.7% to $141/sq foot from an average of $131/sq foot in 2016. On average, it took approximately 2 months to sell a Lino Lakes, Minnesota home in 2017 and with over 500 sales, the housing market is strong in this Anoka County community. Even with the additional inventory, it appears to be a seller’s market as sellers received on average 98.2% of their asking price. 

As we head into the spring market in Lino Lakes, home sellers need to be conscious of how their home compares to new construction in size, ascetics and price. This can present a challenge to selling quickly if not addressed properly when at the time of listing. Home buyers hoping to find their Lino Lakes dream home must be understand that while builders do not often negotiate on prices, sellers of existing homes might. Working with a professional real estate agent is the biggest asset whether buying or sellingto negotiate the best outcome. 

Need more information on the Lino Lakes housing and real estate market? Message me on Facebook 



 

READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side.If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Friday, January 26, 2018

North St Paul Minnesota | Video Update on Housing Market 2018


Here's a quick view of real estate sales statistics in North St Paul, Minnesota for year end 2017. And what might be expected in the Spring 2018 housing market in the local area. 





If you have additional questions on selling or buying a North St Paul home, please call or message me directly. I am always happy to assist. 


Check out a recent review I received from a past client: "Teri Eckholm helped us with the sale of my mom's house. Teri was very professional and helpful during the entire process. She knew the market well and was able to recommend home improvements to help sell mom's house. She always replied to our questions quickly and she made us feel like we were her only clients. My mom felt comfortable working with Teri and I knew my mom was being well taken care of. Teri took the worries and stress out of the home selling process for my family and I give her the highest of recommendations to anyone looking for a great realtor. Thanks Teri!" --Chris Johnson


Need more information on the North St Paul, Minnesota housing and real estate market?  Message Me on Facebook



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com

Wednesday, January 24, 2018

Blaine, MN | 2018 Housing Market Update Snapshot of Home Sales Statistics




The changes in the real estate market in Blaine, Minnesota were subtle but strong in 2017. This northern suburb of Minneapolis had a slight decrease in new listings and closed sales.  In 2017, 1613 homes listed in Blaine with 1298 sold compared to 1664 listed and 1345 sold in 2016. However, the average price of homes sold in this community was over 6% higher than the previous year. Blaine’s higher valued new construction boom continues to have a positive effect on the average sales price. Homes in Blaine sold for an average of $276,987 last year compared to $260,900 in 2016. The average price per square foot has increased another few percentage points in 2017 to $133/sq ft up from from $124/sq ft the previous year. This is significantly higher than in 2011 when the price per square foot struggled to reach $90. 

Homes continue to sell quickly in Blaine, staying on the market an average of just 50 days. Market time has is less than half from the 4 month sales time a few years back. Home sellers received nearly asking price in 2017 with accepted offers at 99.3% of list. This north metro community has sold through most of its existing home inventory and a significant portion of homes sold are new construction. If you are thinking of selling your home in 2018, it is a very good time to be a traditional seller with a starter home as it IS a seller’s market in Blaine where home sellers have the upper hand in negotiations.


Need more information on the Blaine housing and real estate market?  Message Me on Facebook
                                                   
SEARCH for Blaine Homes



READY to Make YOUR Move? It IS essential to have a knowledgeable agent at your side. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of BOARDMAN Realty, a call at 651-336-7073 or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.
 
Copyright 2018 terieckholm.com