It has been an interesting year in the world of Twin Cities real estate. There have been ups and downs, twists and turns. And we've discussed some of the interesting developments here in this blog! Read on to find out what the top Barker & Hedges real estate posts were for 2011.
Unique Home: Former Donaldson Mansion for Sale in Minneapolis
It is nice to daydream once in a while, right? It was fun to imagine living in the Former Donaldson mansion, too. The 10,000-square-foot home at 1712 Mount Curve Avenue in Minneapolis was listed for a price of $6,500,000.
Minneapolis Among 18 "Coolest" Cities in America
Men's Journal Magazine proclaimed what Twin Cities residents know when Minneapolis was selected as one of 18 "coolest towns in America." The editors say its "countless parks, large biking community and numerous farmers markets" are the reasons.
Minneapolis Makes Forbes Top 10 Affordable Cities List
In January, Forbes published its list of America's 10 Most Affordable Cities. After starting with a list of 50 cities, the Minneapolis - Saint Paul Twin Cities Metro Area ended up ranking at No. 7 overall.
Strange-But-True: Into the Snake Pit
Forget snakes on a plane. The Sessions bought a 5-bedroom house on almost two acres to make it their dream home. Unfortunately, the home’s previous residents didn't feel like leaving. Be comforted by the fact that this story didn't...
Local and national housing statistics indicate that the real estate markets in the Twin Cities and surrounding areas are still struggling. Here are brief summaries of three recently released Twin Cities real estate reports:
- The Case-Shiller Home Price Index, which follows repeat sales of properties, indicated that during September, prices in the Minneapolis - St. Paul metro area were down 7.4% compared with 2010 and down just 0.9% from August.
- A report from the Builders Association of the Twin Cities showed that Twin Cities home builders requested about the same number of permits in November of this year as they did in 2010. However, the number of units they planned to build decreased from 685 to 442. Construction activity for the year overall is down compared with last year, but improved form 2009.
- A third quarter report from Corelogic said that 17.5% of all residential properties in the Twin Cities metro with a mortgage were worth less than the amount owed on the mortgage, compared with 17.4% during the second quarter. That percentage is better than the national figure of of 22.5% of homes. It could be a lot worse. In Nevada, 58% of all mortgaged properties were upside-down.
- Finally, decreasing home prices have attracted some buyers into the Twin Cities real estate market, but kept sellers out. According to October sales figures from the ...