Barker and Hedges Real Estate Blog

How Does Our Current Market Compare to Last Year's?

What’s going on in the Twin Cities real estate market? Today, we’ll be bringing you a look at how this year’s market statistics compare to what we saw at this time in 2016.
 

What’s going on in the Twin Cities real estate market?

As you may remember, our last market update came just before the summer. The market was extremely hot, many properties were receiving multiple offers, and sellers were getting top dollar.

So, how do things look now? Well, what we’re seeing this year is consistent with the trend we witness every year. Inventory starts low in January but builds through the summer. Then, the inventory levels resume a downward trend in the fall.

Now that fall has arrived, we’re currently seeing this same trend. So, let’s get into some specific numbers.

"What we’re seeing this year is...

Why Green Photos Can Make or Break a Winter Listing

Today, I’d like to go over some of the ways you can prepare your home if you plan on selling in winter or early spring.
 

What are green photos? Well, it’s basically exactly what it sounds like.

Buyers in today’s marketplace want to know what the yard looks like during summer or fall. This is impossible to show in the winter unless you have photographers come out and take some photos while things are still green.

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5 Ways to Invest in Real Estate

Real estate investing is on the rise. Here are five different ways you can get involved.
 
Selling a home? Click here for a FREE Home Price Evaluation

Investing in real estate is no longer restricted to the super wealthy. According to a recent survey, real estate investors now make up 15% of the population. That translates to almost 50 million individuals who invest in at least one property other than their primary residence.
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How to Prevent and Handle a Fire


While a fire may seem like something that will never happen to you or your family, it is critical to know what to do if one does. Being knowledgeable on both preventing and on handling a fire could be the difference between life and death.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

Homeownership is rewarding, but, like any part of life, it comes with certain risks.

No one ever thinks that they will have a fire in their home. However, we're here to tell...

What’s Happening With the Twin Cities Metro Market?


What do the numbers for spring real estate in the Twin Cities metro area tell us about our market? We’ll answer that for you today.

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Selling a home? Click here for a FREE Home Price Evaluation

What’s going on with the spring real estate market in the Twin Cities metro area?

The spring market is fully underway and buyers are very active in the marketplace. However, the number of listings coming on to the market isn’t great. There’s actually 3.5% less inventory compared to this time last year. The number of sales taking place, however, is similar to last year.

We’re seeing lower inventory and competitive buyers. In 2016 there were about 12,200 homes on the market and we’re around 10,000 right now. Last year we were talking about inventory being historically low and now, it’s even lower. That low inventory has caused a rise in the median sale price. A year ago the median price was $220,000, and right now it’s $237,400. That’s a 7% increase from last year.

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The Keys to Successfully Buying in a Seller’s Market


Being a buyer in a seller’s market can be tough. Here’s how you can accomplish your goals more easily.

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation

It’s tough to be a buyer right now in our aggressive seller’s market. The best houses are receiving multiple offers and selling within days. In the $150,000 to $300,000 price range, the market is especially aggressive. So, how do you compete as a buyer?

It all comes down to preparation in a number of different areas....

Thank You for Supporting Us


Thank you to all of our family, friends, past clients, and vendors that work with us every day.

The RE/MAX awards just came out and our team is No. 4 in the state of Minnesota! We are also one of the top 50 real estate teams in the entire country. We cannot thank you enough.
There is no way we could have done this without you and our great staff.

If you are thinking of selling your home in 2017, give us a call. Also, send us your real estate questions and we’ll answer them with a video. We are always here to help you!

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Thanks to our wonderful clients!



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Selling a home? Click here for a FREE Home Price Evaluation

As you may already know, we recently hosted a client appreciation event at Base Camp in Fort Snelling. There were too many people to thank individually who made 2016 such a wonderful year for us, so we threw a party.

We had a bouncy castle and slide, a ropes course, a climbing wall, an archery range, magician, and plenty of other games and entertainment for all the families that came. We were honored to be able to give back to so many people, and we can’t wait to be able to do it again soon.

If you were there, we were glad to have you. If you weren’t able to make it, ...