Posted by Brandon Hedges on Wednesday, April 8, 2020 at 10:30 AMBy Brandon Hedges / April 8, 2020Comment
This is our week 3 update on the impact the Covid-19 Coronavirus pandemic is having on the local Twin Cities Real Estate Market. Check here for our Week 1 and Week 2 impact reports to watch how things have changed.
The Twin Cities real estate market is still active, but but we are now reporting all 3 key indicators are lower when compared to the same week in 2019. These stats are provided by the Minneapolis Association of Realtors for the week ending March 28, 2020....
Posted by Brandon Hedges on Wednesday, April 1, 2020 at 9:56 AMBy Brandon Hedges / April 1, 2020Comment
This is our week 2 update on the impact the Coronavirus pandemic is having on the local Twin Cities Real Estate Market. Check here for our Week 1 impact report.
The Twin Cities real estate market continues to show signs of life, albeit at a slower pace than would normally be expected in late March. These stats are provided by the Minneapolis Association of Realtors for the week ending March 21, 2020, which represents the second week of social distancing practices. New Listing inventory: up 16% over the same period in 2019. This...
Posted by Brandon Hedges on Tuesday, March 24, 2020 at 12:51 PMBy Brandon Hedges / March 24, 2020Comment
We are frequently asked how the Coronavirus pandemic is affecting the local Twin Cities Real Estate Market and wanted to share some thoughts from the front line.
Like everyone, this pandemic is impacting the real estate industry and is changing how we do business, but it has not shut down the real estate market. Let’s look at some current statistics to help identify what is happening right now. Our intention is to share this information with you weekly, so you have the most up to date information available as we navigate this unprecedented situation.
Let’s review the most recent data from the Minneapolis Association of Realtors. This information is for the week ending March 14, 2020, which represents the early stages of our current social distancing practices....
Too often, we’ll meet with a seller and they’ll tell us about all the great home upgrades they’ve made. New windows, new siding, new roof, a bathroom remodel—you name it! The problem with investing in your home is that while some projects will get you your money back, ...
Today we’re going to be talking about costly, big-ticket repair items in your home. A well-maintained home should last decades, if not centuries. We’ve sold homes built in the 1800s, new construction homes, and everything in between. One of the...
Posted by Barker Hedges Group on Thursday, December 27, 2018 at 10:04 AMBy Barker Hedges Group / December 27, 2018Comment
If you’ve got fogged windows, you may want to think twice before entirely replacing them. In some cases, the fix may be more simple (and less expensive) than that.
Today I’d like to shed some light on a common concern among buyers and sellers in our market: fogged windows. This seemingly small detail can cause a lot of anxiety, as many people assume that the only way...
Posted by Barker Hedges Group on Monday, December 10, 2018 at 12:07 PMBy Barker Hedges Group / December 10, 2018Comment
Our median sale price has continued to rise and currently sits 10% above its previous peak. Here’s what else you need to know about our current market.
It’s time for another update on the Twin Cities real estate market. First, we have some very exciting news. Looking back, the previous peak of our market was in 2006 and 2007. During that time, the median...
Are you looking to list your home in the spring? Well, if so, I have a couple of great tips to share with you.
Since the spring market starts in February and March, there could be a lot of snow on the ground. Buyers will wonder what your yard looks like, so I suggest that you get our photographer...
There’s a lot of news out there about the new tax reform act, and we’ve summarized some of the key changes that will impact our real estate market the most.
The first change involves the deduction for property taxes....
Now 2018 is underway, it’s time we take a look back at what we saw from our market in 2017, as well as look forward to what we should expect for the rest of this year.