The Real Estate Buzz

What's the Buzz in Owatonna Real Estate?

Owatonna Real Estate Trends
Posted by Lynn Johnson on March 13, 2013 in  Owatonna  Owatonna Monthly Update  Real Estate Activity
The housing market continues to move in the right direction in Owatonna and we’ve seen a busy early Spring. Now is definitely the time to sell in Owatonna as buyers are looking but inventory is low. If you’ve been on the fence for awhile about selling your home now is the time to take that next step. As far as buying, now is also a good time to buy as interest rates continue to be favorable. We should see increased inventory as Spring approaches; however, if you’re not wanting to wait until Spring to start looking,... read more
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Do it Yourself?

When to call the professionals
Posted by Lynn Johnson on January 21, 2013 in  Home Maintenance  Sellers
Home Care Tips - Should You Do It Yourself? "Should you do the work yourself? This answer depends on a number of factors, including your abilities, your tools, your time and safely gear. Unless you are a highly skilled do-it-yourselfer, avoid taking on jobs that may be dangerous, particularly difficult, of where a mistake can be quite costly. Some jobs simply are not worth the risk. For example think twice before doing: Extensive electrical work Plumbing that involves crawling under t... read more
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What's the Buzz in Real Estate?

Winter Repairs
Posted by Lynn Johnson on January 21, 2013 in  Albert Lea  Owatonna  Real Estate Activity  Sellers
Are you feeling cooped up during this deep freeze?  Put your indoor time to good use by tackling a couple of quick fix ups around your home.  It's always good to take care of those little maintenance projects, so grab your tools and get to work. Here are some ideas for you to get started.  A home that is well maintained means peace of mind for buyers.  It's easy to ignore those little projects, but just as easy to take a few minutes to get them taken care of.  Resolve to not let those thin... read more
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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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