Our Twin Cities Real Estate Blog

Dec. 14, 2018

Just SOLD: 7924 W 25th Street, St. Louis Park, MN 55426

SOLD | Sold Price: $330,000
Spacious Rambler Near Ridgedale, The Shops at West End, Trails, Parks and More

This SOLD in 27 days and closed for $330,000, 98.6% of list price on 12-14-18.

View the MLS Listing

Description: Acres: 0.28 | Beds: 3 | Baths: 2 | Sq Ft: 2,500+ | Garage: 2.5 | 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.

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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
Dec. 7, 2018

Just Listed: 16003 Excelsior Boulevard, Minnetonka, MN 55345

Active | List Price: $299,900
Large Rambler in Prime Location with Four Bedrooms on the Main Floor
Acres: 0.45 | Beds: 4 | Baths: 2 | TFSF: 1,900+ | Garage: 2

View the MLS Listing

This rambler is located in a prime area in Minnetonka Schools near various shops, restaurants, parks, and more. The main level features 4 bedrooms and a completely updated full bath with modern finishes. The main level has excellent natural light, hardwood floors, a fireplace, large windows and walks out to the back porch area. The porch leads to a completely flat backyard. Enjoy convenient living in a nice Minnetonka neighborhood with a spacious basement that awaits your finishing touches!

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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
Dec. 4, 2018

Just Listed: 6310 W 33rd Street, St. Louis Park, MN 55416

Active | List Price: $299,900
Beautiful, Complete Renovation by Pillar Homes to 2018 Codes
Acres: 0.19 | Beds: 2 | Baths: 2 | TFSF: 1,700+ | Garage: 1

View the MLS Listing

This home was completely rebuilt to 2018 codes by Pillar Homes and set in a prime location, a block from SLP High School. Interior updates include a new electrical system, plumbing system, heating system, a/c, water heater, water softener, drywall, doors, trim, flooring, carpeting, paint, completely updated bathrooms, a brand new kitchen with beautiful cabinets, a center island, stainless appliances, granite and more. Exterior updates include all new windows, doors and maintenance free siding.

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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
Nov. 30, 2018

Leyendecker Realty Volunteers at Suite Living Memory Care & Assisted Living

We are proud and grateful to have been able to organize and volunteer at an arts and crafts event today at Suite Living Memory Care & Assisted Living in Vandais Heights, MN.

A big thanks to our friend, Audrey McElwain at Suite Living for helping us put it together. Their facility and staff are excellent and the people we had the pleasure of visiting with today were so beautiful and special!

Click here to visit our community commitment page.

Nov. 26, 2018

Home builder confidence falls to lowest level in two years as demand softens nationwide

Twin Cities Housing Market: 2018 - November | Here is a link to the live market data. You can track mortgage interest rates here. You can track home builder confidence here.

Home Builder Confidence: In November, home builder confidence nationwide fell 12% to 60 which is a two-year low. That is the largest decline in home builder confidence since February of 2014. Aside from February of 2014, the only other time that home builder confidence has fallen that significantly in a single month was in October of 2001, due to the attacks of 9/11. (source) (chart)

While anything above 50 is still considered a positive rating, the market has been showing signs of stretched affordability and the dynamic of pinnacle home prices combined with rising mortgage rates has begun to create some uncertainty among the home building community.

Mortgage Rates: Mortgage rates continued upward volatility in October with the average for a 30-year fixed conventional mortgage ranging from 4.7% to 4.9%. In November that upward volatility continued as that rate has hit a new 7-year high two weeks ago of 4.95% but then pulled back last week to 4.81%.

As of their last meeting, The Federal Reserve remained committed to another rate hike in December and continued liquidation of their bond position. So long as the Federal Reserve remains committed to tightening while the U.S. government continues to borrow to finance deficit spending, I expect this upward pressure on long term interest rates to continue.

Closed Sales: Closed sales were up a marginal 2% month over month with 5,265 closings in October but were still down more than 20% from August. That is up 4% year over year and up 13% from five years ago.

New Listings: As expected, new listings were down another 12% in October with 6,012 listings hitting the market. That is a 9% increase year over year and down 3% from five years ago.

Homes for Sale: The home inventory level finally fell in October after a 9 month incline. We ended October with 11,785 homes for sale. That is down 9% month-over-month but up 2% year-over-year. Overall inventory is still down 30% from five years ago.

The Median Home Price: The median home price in the Twin Cities was up a marginal 1% month over month in October but remained in a downward trend from August. That is up 8% year over year and up 36% from five years ago.

Pending Sales: Pending sales, a leading indicator for future closings and have been predictably in decline since May due to the seasonal downturn in market activity. In October, 4,771 homes came under contract which is down 1% month over month, down 1% year over year and up 10% from 5 years ago.

By Nick Leyendecker, Founder, Co-CEO and REALTOR®

Posted in Market Insight
Nov. 20, 2018

Just SOLD: 12335 Grouse Street NW, Coon Rapids, MN 55433

SOLD | List Price: $309,900
Walkout 2-Story on a Private Lot with a Mother-In-Law Suite

We represented the seller of this property which sold in 28 days for $323,000 (104% of list price) and closed on 11-20-18.

View the MLS Listing

Description: Acres: .52 | Beds: 6 | Baths: 4 | Sq Ft: 4,400+ | Garage: 2 | 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.

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To schedule your free equity analysis email or call us today at 952.222.SOLD (7653).

Posted in JUST SOLD
Nov. 16, 2018

Just Listed: 17448 Sanctuary Drive, Minnetonka, MN 55391

Active | List Price: $594,900
Luxurious Walkout, End Unit with High Ceilings, High End Finishes and Main Level Living

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Description: Acres: .21 | Beds: 3 | Baths: 4 | TFSF: 3,300+ | Garage: 2 | This luxurious, walkout end unit has windows on 3 sides and all living facilities on the main. The home is tucked into a private setting in a prime, quiet location. The main floor features high ceilings, a beautiful chef's kitchen, a wall of windows with nice views, a large master suite and high end finishes. The lower level features two more suites, large windows, a private entrance and plenty of entertaining space. Outdoor space includes a maintenance free deck, a lower level patio and lawn.

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For more information or to arrange a private showing of this listing, email or call us today at 612.888.HOME (4663).

Nov. 15, 2018

Just SOLD: 2521 Sylvan Road S, Minnetonka, MN 55305

SOLD | List Price: $584,900
Well-maintained and Updated Two-Story in a Prime Neighborhood

We represented the buyer of this property which sold for $560,000 (95.7% of list price) and closed on 11-15-18.

View the MLS Listing

Description (from the listing agent): Nicely remodeled 5 bdrm, 4 bath walkout two story nestled on a gorgeous wooded lot in a prime Minnetonka neighborhood next to Bent Tree and Ridgedale Shopping Center. Open floor plan with kitchen/dining/family room including wood flrs and gas log frplc. Custom finished LL by Lecy Bros with custom wet bar and theater room complete with surround sound. Upper level includes 4 bdrms. Wonderfully landscaped fenced yard with walkout paver patio and the perfect deck for the morning coffee.

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To schedule a free equity analysis email or call us today at 952.222.SOLD (7653).

Posted in JUST SOLD, Luxury Homes
Nov. 9, 2018

Just SOLD: 8949 Dallas Lane N, Maple Grove, MN 55369

SOLD | List Price: $424,900
Charming 2-Story in a Quiet Cul-de-sac with Views of Rice Lake

We represented the seller of this property which sold for $423,300 (99.6% of list price) and closed on 11-9-18.

The MLS Listing

Description: 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.

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To schedule your free equity analysis email or call us today at 952.222.SOLD (7653).

Posted in JUST SOLD
Nov. 6, 2018

Just SOLD: 4126 Upton Avenue S, Minneapolis, MN 55410

SOLD | Sold Price: $605,000
Charming Cape Cod, Walkable to Downtown Linden Hills and Lake Harriet

We represented the buyer of this property which sold for $605,000 and closed on 11-6-18. The property was sold off MLS so there was not a list price.

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View our Gallery of SOLD Properties

To schedule your free equity analysis email or call us today at 952-222-SOLD (7653).

Posted in JUST SOLD, Luxury Homes