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Home prices in the current market are favorable to buyers because of the increase in foreclosures and short sales. However, the short sales and foreclosure home inventory are dwindling. Buyers are picking up these properties, especially in the low to median price range because they are really affordable. Many of the buyers have to be quick and aggressive with their offers to secure the property. Banks are pricing homes well below their value just to get a lot of activity and multiple offers on properties. Some contributing factors include Buyers trying to purchase properties before the First Time Homebuyers Tax Credit expires at the end of November. Be aware, if you are a first time home buyer and you want to get that tax credit, get an offer accepted in October and close in Mid-November. Title companies are going to be bombarded with work during the end of the month of November and you might not be able to close by the end of month if you wait that long. Better be safe than sorry.
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April home sales in the Twin Cities were even stronger than March's upswing, according to the Minneapolis Area Association of REALTORS® (MAAR) based on data from the Regional Multiple Listing Service of Minnesota, Inc.
There were 5,211 pending sales in April, up 23.8% from last April. This is the highest showing of signed purchase agreements in April since 2005 and the tenth consecutive month of year-over-year increases.
It’s all about low rates and excellent affordability. If you’re in the position to buy a home, opportunities are available and the time for action is now.
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• 3,135 sq. ft., 4 bath, 5 bdrm 2 story
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MLS®
$347,000
Brooklyn Park, Hennepin County
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Fabulous stucco front 2 story home, built by TJB. 4 bedrooms on upper level. Quiet cul de sac location near all amenities in most sought after Brooklyn Park neighborhood. Walkout is fully finished and includes 5th bedroom, 4th bathroom and family room with bar. Hardwood floors and ceramic tiles are just a few of the features of this spacious home
Property information
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Beautiful Home on 16th Fairway of TPC
• 3,850 sq. ft., 3 bath, 4 bdrm single story "Walk-Out Rambler"
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MLS®
$529,900
- Below Market Value
Tournament Players Club, Blaine
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Gorgeous walkout rambler built by Al Parent on the 16th Fairway of TPC. Boasts 4 bedrooms, 3 bathrooms, 2 fireplaces, media room, billiard area, custom bar and exercise room. Beautiful hardwood floors throughout. Private master suite has multi featured steam shower, heated floors, balcony access and huge walk in closet. This wonderful home has many custom features that you need to see to appreciate.
Property information
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• 3,099 sq. ft., 3 bath, 5 bdrm single story
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MLS®
$394,500
Tournament Players Club, Blaine
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Impeccable custom designed executive single level home on quiet street. Open floor plan with many large windows, huge kitchen with granite counter tops, custom cabinets, beautiful maple floors and a newly finished lower level with a fireplace. Offered at below market value. You must see it to really appreciate the ambiance and setting. Only minutes from freeways, dining and shopping.
Property information
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• 3,284 sq. ft., 4 bath, 4 bdrm townhouse
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MLS®
$354,900
Braemer Hills, Edina
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Townhome on quiet cul de sac. Built by Ron Clark, adjacent to Braemer Park and Golf Course. Just 15 minutes to downtown Minneapolis and the airport. Master bedroom suite with fireplace, finished lower level with 4th bedroom and bathroom. Open floor plan. Not a short sale. Quick close, owner relocated out of state.
Property information
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• 2,580 sq. ft., 3 bath, 3 bdrm townhouse
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MLS®
$224,000
Woodbury, Washington County
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Gorgeous English Manor Townhome. 3 bedrooms, 3 bathrooms. Near biking and walking paths, retail shopping and dining. Designed to feel like a City within a City. Enjoy the world class amenities at the City Club and Spa. Gleaming hardwood floors, granite counters, stainless steel appliances, master suite with Jacuzzi, walk out lower level family room.
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• 1,092 sq. ft., 1 bath, 2 bdrm other
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MLS®
$84,900
94th Circle NW, Coon Rapids
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One level town home with formal dining, living room & nice sized bedrooms. Updated eat-in walkout kitchen with tremendous backyard texture. New roof, flooring, appliances, with lots of sunlight & neutral decor in a quiet neighborhood close to schools, highways, & shopping.
Property information
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• 6,050 sq. ft., 4 bath, 5 bdrm 3-level split
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MLS®
$895,000
Mississippi Blvd, Coon Rapids
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Awe inspiring panoramic views of the river. Unique angles, natural light, gorgeous 3 level, 6000+ fsf., 5 bedrooms, 4 bathrooms, 3 family rooms, 3 fireplaces, 4 season porch, spa, huge kitchen, private in-law suite, skylights & hardwood floors. Custom cabinetry built-ins. Own your slice of heaven..
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• 1,500 sq. ft., 2 bath, 2 bdrm townhouse
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MLS®
$162,900
Blaine, Anoka County
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Spacious, bright, gorgeous town home in Deacon Walk Community of TPC. Spectacular home with loads of upgrades, 9' ceilings with aircyclar for air circulation. New roof, siding, triple glazed windows. Magnificent kitchen with pullouts and breakfast bar. Low association fees! Most clean, bright, spacious
unit- you are sure to be impressed!
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• 1,748 sq. ft., 2 bath, 4 bdrm 2 story split
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MLS®
$184,900
South St. Paul, Dakota County
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Wonderful 4 bedroom, 2 bathroom split level home. Freshly painted interior, professionally cleaned & newer carpet thru out. Lots of living space. Walkout lower level off the spacious family room & deck off kitchen. Fenced backyard. Alley for future garage. Priced for quick sale & closing. Not a short sale or foreclosure.
Property information
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• 2,061 sq. ft., 3 bath, 3 bdrm 1 1/2 story
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MLS®
$199,900
Central, St. Paul
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CLASSIC 1 1/2 STORY HOME HAS NATURAL WOODWORK, TRIM AND A BEAUTIFUL HUTCH. MAIN LEVEL MASTER BEDROOM & BATHROOM, LAUNDRY AND HUGE UPDATED KITCHEN. ALL DOORS AND WINDOWS REPLACED IN 2006. BACKYARD FEATURES FULL PRIVACY FENCE & LARGE DECK. LOTS OF CHARM OF A BYE-GONE ERA. PRICED TO SELL. NOT A SHORT SALE OR FORECLOSURE!
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• 1,642 sq. ft., 3 bath, 3 bdrm townhouse
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MLS®
$210,000
Blaine, Anoka County
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Gorgeous Hans Hagen built town home in “The Lakes”. Shows like a model- very well maintained. Appreciate the gourmet kitchen with large walk-in pantry and stainless steel appliances, spacious living room with a cozy gas fireplace, heated garage with custom storage shelves, oak flooring, lavish master suite and much more!
Property information
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• 1,400 sq. ft., 1 bath, 3 bdrm 1 1/2 story
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MLS®
$174,000
Daytons Bluff, St. Paul
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This Craftsman Era charmer features oak woodwork, beautiful pillars, classic built-in buffet, stained leaded windows, huge updated kitchen and much more. Not a short sale or bank owned. Everything updated- roof, electrical, plumbing and windows. Appreciate 3 bedrooms on one level, 2 car garage and meditation garden
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• 1,536 sq. ft., 2 bath, 5 bdrm duplex
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MLS®
$159,900
Northeast, Minneapolis
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Corner lot with a 2 car garage- first level offers 3BR
(1 non-conforming), huge kitchen, living room and family room. Upper unit offers 2 bedrooms, dining room, kitchen and a large living room. Appreciate the brand new windows and doors, newer mechanics, freshly painted, gleaming hardwood & tiled floors. Owner occupied, upper unit was rented for $800/month. Great value.
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