Our Twin Cities Real Estate Blog

April 18, 2018

Twin Cities Housing Market: 2018 - April

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage Rates: The volatility in the bond and mortgage markets has cooled off for the time being ending March with the national average for mortgage rates at 4.45% for a 30 year, fixed, conventional mortgage.

Homes for Sale: The number of homes for sale typically rises significantly in March to meet the seasonal increase in demand but this March ended with inventory up only 5.3% from February to just over 8,400 homes for sale. That’s down more than 24% from last March and down almost 50% from March of 2013. So as you can see, the inventory crunch continues. To give you some perspective on how this is playing in the market, two of our listings in the median price brackets this month received more than 10 offers.

New Listings: 6,738 new listings hit the Twin Cities market in March which is up 32% from February but down 17.5% from March of last year. There are some other factors at play but I do think that weather and the lack of green grass and green leaves is causing many would be home sellers to temporarily delay their listing and moving plans.

Pending Sales: 5,151 homes came under contract in March which is a very strong month when considering how low the inventory level is currently. That’s up 40% from February, down 10% year over year and up 12% from 5 years ago.

Median Home Prices: The median home price in the Twin Cities of $258,000 in March set a new record high previously held by June of last year. That’s up 3.2% from February, up 9.7% from March of last year and up 46% from March of 2013.

To schedule a free consultation, call us today at 952-222-SOLD (7653).

By Nick Leyendecker, REALTOR® with Coldwell Banker Burnet

Posted in Market Analysis
April 17, 2018

Just Reduced: 5406 Abbott Place, Edina, MN 55410

Active | $1,299,900
Walk to 50th and France from this 2014 re-build with high end design and finishes!
5 Beds | 5 Baths | 5,000+ Sq Ft | 2 Car Garage | Fully Fenced | Patio

Business Journal Ad | View the MLS Listing

Walk to 50th and France or Lake Harriet from this charming, luxurious Cape Cod located in a prime, East Edina neighborhood with minimal through traffic. The home was completely re-built in 2014 with spacious design, high end finishes, and an open floor plan. Features include a massive gourmet kitchen, a luxury owner's suite, all bedrooms connected to a bathroom, a spacious lower level bar and family room, new landscaping, a finished and heated garage, a fenced backyard with patio and much more.

Search All MLS Listings
View our Gallery of SOLD Properties

To arrange a private showing for this listing, email or call the Nick Leyendecker Team with Coldwell Banker Burnet today, at 612-888-HOME (4663).

April 17, 2018

Just SOLD: 3030 Alabama Avenue S, Saint Louis Park, MN 55416

SOLD | $430,000
Charming Home in the Sorenson Neighborhood

Nick Leyendecker Team represented the buyer for this property which sold and closed at $430,000, 95.5% of the $449,900 list price on 4-12-2018.

View the MLS Listing

Search all MLS Listings
View our Gallery of SOLD Properties

For a free equity analysis for your current home, email or call the Nick Leyendecker Team with Coldwell Banker Burnet, at 952-222-SOLD (7653). 

Posted in JUST SOLD
April 13, 2018

Just SOLD: 14900 Copperfield Place, Minnetonka, MN 55391

SOLD | $545,000
Updated Two-Story on a 1/2 Acre Lot in the Coveted Copperfield Neighborhood
4 Beds | 4 Baths | 3,500+ Sq Ft | 2 Car Garage | .52 Acres

Update: SOLD and closed at $545,000, 99.1% of list price on 04-13-18.

Business Journal Article | View the MLS Listing

This updated 2-story sits on a maturely wooded, 1/2 acre lot in the coveted Copperfield neighborhood. The main floor is open with refinished wood floors, walls, trim, lighting, cabinets, granite, fireplace and walks out to a brand new screened in deck and a fully fenced backyard. All four bedrooms are up including a huge master suite with luxurious bath including a double vanity, jetted tub, marble tile and a beautiful walk-in shower. The lower level is set up as an open family room with 3/4 bath.

Search All MLS Listings
View our Gallery of SOLD Properties

For a free equity analysis for your current home, email or call the Nick Leyendecker Team with Coldwell Banker Burnet, today at 952-222-SOLD (7653).

April 12, 2018

Just Listed: 1260 County Road C E, Maplewood, MN 55109

Active | $149,900
Completely updated twin home with brand new flooring, fresh paint and 3 season porch
0.14 Acres | 2 Beds | 2 Baths | 1,050+ Sq Ft | 2 Car | 3 Season Porch | No HOA Fees

View the MLS Listing

This turnkey and updated home sits on a flat lot with a fully fenced yard, a three season porch that lets in an abundance of natural light, and brand new main level flooring and fresh paint throughout. With no HOA fees, this home is in a central location with quick access to Highway 36, 61, 694 and Maplewood Mall. The master bedroom has a large walk-in closet and is serviced by a full upper level bath with new lighting and adjacent front loading laundry. See supplements for additional updates.

Search All MLS Listings
View our Gallery of SOLD Properties

To arrange a private showing for this listing, email or call the Nick Leyendecker Team with Coldwell Banker Burnet today, at 612-888-HOME (4663).

Posted in JUST LISTED
April 4, 2018

Just Listed: 10917 Jefferson Circle N, Champlin, MN 55316

Pending Sale | $229,900
Updated rambler on a large lot with 3 bedrooms on one level
0.34 Acres | 4 Beds | 2 Baths | 2,100+ Sq Ft | 2 Car | Deck | Shed

View the MLS Listing

This turnkey rambler sits on a large, fully fenced lot with mature trees, a newer deck, shed and bonfire pit. The main level is bright and open with a well maintained kitchen with newer appliances and an abundance of storage, living room with large windows, and dining area that walks out to the backyard and deck. In addition to the open living space, there are three bedrooms on the main level serviced by a full bathroom. The lower level has a spacious family room area, large bedroom and laundry.

Search All MLS Listings
View our Gallery of SOLD Properties

To arrange a private showing for this listing, email or call the Nick Leyendecker Team with Coldwell Banker Burnet today, at 612-888-HOME (4663).

Posted in JUST LISTED
March 29, 2018

Just SOLD: 21674 201st Street NW, Big Lake, MN 55309

SOLD | $310,000
This beautiful home is set on one of the most private, serene settings in Big Lake!
2.4 Acres | 5 Beds | 2 Baths | 2,300+ Sq Ft | 3 Car | Pole Barn | Shed | Chicken Coop

Update: This SOLD in 5 days and closed for $310,000, 103% of list price on 03-29-18.

View the MLS Listing

This gorgeous walkout home sits on a maturely wooded lot at the end of a cul-de-sac with private, expansive views, making it among the most beautiful and serene settings the area has to offer. The home has been extensively updated inside and out. There are 3 new outbuildings including a 40' x 30' pole barn with 220 amp service, 6" concrete floors and much more, a 16' x 12' shed and a 12' x 8' chicken coop. Outdoor space includes two decks and a patio. See the supplements for more details.

Search All MLS Listings
View our Gallery of SOLD Properties

For a free equity analysis for your current home, email or call the Nick Leyendecker Team with Coldwell Banker Burnet, today at 952-222-SOLD (7653).

Posted in JUST SOLD
March 23, 2018

Nick Leyendecker Ranked Among Top 50 Coldwell Banker Burnet Agents in 2017

FOR IMMEDIATE RELEASE

Contact: Matt Baker | mbaker@cbburnet.com | 952-844-6000

Download a PDF of the Press Release

We’re proud to congratulate Nick Leyendecker and his team for their success in real estate sales in 2018.

Once again, Nick has achieved remarkable results for his clients. He sold 63 residential properties representing a total sales volume of $19 million. Nick’s performance among the top 50 sales associates at Coldwell Banker Burnet again, earned him membership in the President’s Club, representing the top 3% of agents in the company.

As he has in the past, Nick substantially outperformed the overall real estate industry. His average 2017 sales price vs. listing price percentage was 101.6%, compared to the average of 99% for all real estate brokers in the 13 county Twin Cities marketplace. His average days on the market in 2017 were just 29.8, two times faster than the industry average of 60 days on the market. On average, he is selling his listings faster and for more than the asking price; therefore, people who list their homes for sale with Nick are walking away from their closing with more money, and more quickly, than other sellers.

Nick Leyendecker and his team of professionals have a superior reputation for exceptional customer service, dedication, and hard work on behalf of their clients. In 16 years, they have achieved 550+ career sales for more than $125 million in sales volume, proving their ability to deliver results for buyers and sellers, regardless of market conditions. We hope you will consider them for a home or condo/loft purchase or sale in the Twin Cities, or recommend them to your friends and associates.

- END -

March 21, 2018

Twin Cities Housing Market: 2018 - March

Here is a link to the live data. You can track mortgage interest rates here.

Mortgage rates continued to rise in February and currently sit around 4.5% for a 30-Year Fixed, Conventional mortgage. Historically, 4.5% is low but compared to the past 5 years it’s high and it’s up almost 15% so far this year.

Getting into the housing market data I’ll start with home inventory. The number of homes for sale in the twin cities began a seasonal move up in February with a 7% rise to just over 7,500 homes for sale.

That slight increase in the home inventory level was mainly powered by the seasonal increase in new listings which were up about 25% month over month with just over 5,000 new homes hitting the market in February.

Pending home sales have also began a seasonal move up from 3,100 sales in January to 3,600 sales in February. Although pending sales moved up month over month, they are down 12% from February of last year with rising mortgage rates and extremely low inventory most likely playing a part in that softening.

Home prices began their seasonal move up in February with an increase in the median home price of 3% from January to $250,000. The rise was expected but a 3% move up is relatively low when compared to the Februaries of the past 7 years.

With inventory still at historical lows and with moving season on the horizon, we do expect prices to continue to move up through March, April, May and June in accordance with the historical trend.

To schedule a free consultation, call us today at 952-222-SOLD (7653).

By Nick Leyendecker, REALTOR® with Coldwell Banker Burnet

Posted in Market Analysis
March 19, 2018

Just SOLD: 866 Woodland Drive, Little Canada, MN 55109

SOLD | $675,000
Beautiful, 2011 Custom Built, Walkout Two-Story
5 Beds | 5 Baths | 4,500+ Sq Ft | 3 Car Garage | .5 acres

Update: SOLD non-MLS and closed for $675,000 on 3-9-2018.

Business Journal Article

This luxurious, walkout home sits on a private, maturely wooded, 1/2 acre lot at the end of a quiet neighborhood. Built in 2011 by Hanson Builders, the home is heavily upgraded, intelligently designed with modern taste & a bright, spacious, open floor plan with vaults & high ceilings. All 4 bedrooms upstairs are connected to bathrooms. The lower level offers extensive storage, a large family room with kitchenette, guest quarters & walks out to a paver patio that is wired & plumbed for a hot tub.

Search All MLS Listings
View our Gallery of SOLD Properties

For a free equity analysis for your current home, email or call the Nick Leyendecker Team with Coldwell Banker Burnet, today at 952-222-SOLD (7653).