The Real Estate Buzz

2012 in Review

Positive trends
Posted by Lynn Johnson on January 02, 2013 in  Owatonna  Owatonna Monthly Update  Real Estate Activity
We saw a number of positive changes take place during 2012.  I like to look at the statistics as a measurement of the progress we've made - and there certainly was a lot of progress to report.  The average sale price of all the homes sold in Owatonna rose from $123,101 in 2011 to $141,776 in 2012.  The number of homes sold in 2012 was 314, up from 279 in 2011.  The number of days on the market for the homes that sold had dropped from 124 in 2011 to 109 in 2012.  (according to the SEMAR mls ... read more
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Albert Lea Real Estate Scoop

Market Update
Posted by Lynn Johnson on October 22, 2012 in  Albert Lea  Albert Lea Monthly Update  Real Estate Activity
Albert Lea's housing market has seen some good signs, but still has a ways to go before we see the gains that we'd like in our local market.  Buyers are still able to find excellent affordability in our market, while many other communities have seen an increase in housing prices.  We do expect the real estate market to improve in 2013 - which will be positive for homeowners and sellers.  Sellers in our market are still feeling the pinch of fewer sales and lower prices. Here are some s... read more
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The Rise of New Construction

More good news
Posted by Lynn Johnson on October 22, 2012 in  Buyers  New Construction  Real Estate Activity
More good news in the housing industry.  Many folks have been putting off the thought of building their dream home - now might be just the right time to start thinking of those plans.  There are plenty of great lots located in wonderful neighborhoods.  We can also put you in touch with builders so you can compare plans and pricing to make the most of your $$.  Let us know how we can help you get started.www.kare11.com/news/article/995113/396/Home-construction-hits-4-year-high... read more
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The Real Estate Buzz

Road to Recovery
Posted by Lynn Johnson on October 22, 2012 in  Owatonna  Owatonna Monthly Update  Real Estate Activity
Owatonna's real estate market has seen a nice improvement as compared to activity from the last couple of years.  These positive signs bode well for all homeowners.  Sellers will benefit from stable and increasing prices, and all homeowners will benefit as their home's market value continues to keep pace with other economic indicators (not sliding negatively like we had seen for about 5 years).  The number of foreclosures in the market seems to be declining which is another positive.  It's very ... read more
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Good news for homesellers!

positive real estate news
Posted by Lynn Johnson on September 26, 2012 in  Albert Lea  Owatonna  Sellers
More positive news for homeowners - http://www.realtor.org/news-releases/2012/09/august-existing-home-sales-and-prices-rise All real estate is local - meaning each community is different and experiences ups and downs not necessarily in-line with the national trends.   We can help you make sense of the market and its impact on the sale of your home.  Ask your Coldwell Banker agent what the market conditions are like in your area.  We can help.... read more
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