With a prime location near Ridgedale and The Shops at West End, this rambler sits on a flat and fenced lot in a quiet neighborhood two blocks from trails, bike paths and Willow Park. The main level has a spacious kitchen, hardwood floors, all three bedrooms and walks out to a patio and landscaped backyard. The detached, over-sized 2 car garage has additional space and a connected workshop that was completely updated in 2012 with new subpanel electrical, flooring, walls, insulation and lighting.
This is a rare opportunity to own a modernized two-story on a fenced, flat and completely private .83 acre lot in a cul-de-sac just minutes from Ridgedale Mall. Enjoy beautiful sunset views from the massive deck overlooking the sprawling and peaceful Meadow Park wetlands and hiking trail. Endless updates include new flooring and carpet throughout, fresh paint and white enamel on all levels, new stainless appliances, newer roof, siding, gutters, doors, refinished deck, new brick patio, and more!
This spacious home sits on a private and fully fenced lot with a patio, deck and shed. The property has a unique opportunity of utilizing the walkout lower level as a complete mother-in-law suite with 2 bedrooms, a family room, bath, its own private entrance and a second full kitchen. The upper level has four bedrooms, laundry room and a spacious master suite with a walk-in closet, large bathroom and whirlpool tub. Enjoy this open living space that overlooks a private and peaceful backyard.
This newly updated and modernized home sits on a completely flat and massive lot with direct access to walking paths. The main level has vaulted ceilings with high quality finishes including brand new flooring, fresh paint, white enameling throughout, new granite counter tops, light fixtures, hardware and more! There are three bedrooms up including a spacious master suite with a private, full bath. Additional updates include a newer AC, roof, windows, water softener and water heater.
This condo has fresh paint and carpet with modern finishes and hardware throughout. This is a top floor, end unit with no noise from above and North and East Exposure. The floor plan is open with a wood burning fireplace, large windows flooding in natural light and overlooks the beautiful, maturely wooded and landscaped grounds. The master suite has an en suite walk-through master bath with a separate vanity area. The second bedroom includes 2 closets, one being a large walk-in.
This is a rare opportunity to own a spacious 2-story on a private, maturely wooded lot in a cul-de-sac with lake views. Walk directly from your fully fenced backyard onto the beautiful Rice Lake walking trail that connects to the regional bike trail system. The home has been very well cared for and updated by the current owners. The main floor is bright and open with a large kitchen and a sun room. There are 4 bedrooms up including a private master suite. The basement is bright and spacious.
This unique, Bryn Mawr home was completely re-built in 2014 with modern design and is loaded with high end interior and exterior finishes. The main floor is bright, open and walks out to three private patios including a massive, 24x24 rooftop deck above the garage. All three bedrooms are suites with private bathrooms. The master suite features a large California closet, a private deck and a stunning master bath with vaulted ceilings, skylights, a huge walk in shower and a soaking tub.
Mortgage Rates: The national average for a 30 year fixed, conventional mortgage fell slightly from 4.6% to 4.52% however so far in September, rates have spiked back up to a 7 year high of 4.65% as the volatility in the bond market returned.
Closed Sales: The Twin Cities had 6,655 residential closing in August. That is up 6% from July, flat year over year and up 15% from 5 years ago.
New Listings: 7,804 new residential listings hit the market last month which is up 2% month over month, up 8% year over year and up 11% from 5 years ago. This is the first time since 2012 that new listings have increased month over month in August which is a minor but interesting deviation from what has been a strong 6 year trend.
Homes for Sale: August ended with a home inventory level of 12,492 active listings. That is up 3% month over month, down 4% year over year and down 28% from 5 years ago. Inventory is still relatively low but notably this is the first time that the home inventory level has risen in the month of August since August of 2013 which is another minor but interesting deviation from what has been a strong 5 year trend.
Median Home Price: The median home price in August was $268,000. That is unchanged month over month, up 6% year over year and up 29% from 5 years ago.
Pending Sales: Pending sales are a leading indicator for future closings and have been predictably in decline since May. In August, 5,684 residential units came under contract which is down 5% month over month, down 3% year over year and up 9% from 5 years ago.
Month's Supply: The entire housing market is decelerating this time of year but by far the best performing bracket right now is the starter home bracket. The move up and luxury brackets have decelerated more so. Below are the current month's supply of inventory by market segment:
Under $300K: 1.7 Months
$300K - $500K: 3.1 Months
$500K - $1 million: 5.9 Months
Over $1 million: 11.8 Months
Trend Deviations: It will be interesting to see if the trend deviations in listings and home inventory from August turn out to be leading indicators of a macro trend shift in housing or if last month August was just a fluke in that regard.
This concludes my insight for September. Please don’t hesitate to connect with me any time to discuss the market conditions in your particular neighborhood and thank you for taking the time to watch this video.
Contact: Jill Smith | firstname.lastname@example.org | 214-485-3000 Ext. 108
Nick Leyendecker of Leyendecker Realty based in Minnetonka, Minnesota recently earned The Institute for Luxury Home Marketing’s Certified Luxury Home Marketing Specialist™ (CLHMS) designation in recognition of his experience, knowledge, and expertise in high-end residential properties. Nick joins an exclusive group of real estate professionals who have completed The Institute’s training and have a proven performance in the upper-tier market.
“Agents who have earned the CLHMS designation are performing at the highest level in their community,” said Diane Hartley, president of The Institute. “The CLHMS seal is a symbol of distinction. Affluent buyers and sellers from around the world look for this symbol of luxury home knowledge and expertise when putting their trust in a real estate professional.”
The specialized training and ongoing membership with The Institute provides Nick and his team with knowledge and tools to better serve their clients. The CLHMS designation provides evidence of a successful commitment to serve at the highest level.
Nick has been in real estate since 2002 and specializes in the greater Minneapolis luxury home and condo/loft market with extensive experience in lakeshore. Nick is consistently ranked by REAL Trends in the top 100 agents in Minnesota and has been ranked as high as #25.
For more information about the Twin Cities luxury home market, email or call Nick today at 952-222-SOLD (7653).
This updated home with no HOA fee sits on a meticulously maintained, private lot with mature trees and a fire pit. The main level has vaulted ceilings, a spacious living room and a large picture window that looks out to the private yard. The walkout lower level leads to a deck that walks down to the backyard. Updates and features include fresh paint on all walls, vanities and cabinets, new flooring and carpet throughout, a newer roof, maintenance free siding, recent HVAC tune ups and more!