BUYER ACTVITY AT THE END OF Q1 IS STRONG!
Dated: March 31 2023
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REAL ESTATE UPDATE
As more sellers are testing the waters, they are seeing the buyers are looking more for opportunity than kicking the tires. This affirms if not exceeds the speculation for a strong spring market for sellers, despite some banking uncertainty, and a current mortgage rate is 6.75%. The area statistics below reflect how many days of showings it currently taking (on the open market) for a seller to accept an offer with a released, satisfied, or not applicable inspection contingency.
STAYING LOCAL
Chanhassen has 51 Homes pending, a median of 9 days & average of 15 days.
As more sellers are testing the waters, they are seeing the buyers are looking more for opportunity than kicking the tires. This affirms if not exceeds the speculation for a strong spring market for sellers, despite some banking uncertainty, and a current mortgage rate is 6.75%. The area statistics below reflect how many days of showings it currently taking (on the open market) for a seller to accept an offer with a released, satisfied, or not applicable inspection contingency.
STAYING LOCAL
Chanhassen has 51 Homes pending, a median of 9 days & average of 15 days.
Chaska has 35 Homes pending, a median of 8 days & average of 23 days
Eden Prairie has 66 Homes pending, a median of 8 days & average of 20 days
Edina has 67 Homes pending, a median of 10 days & average of 38 days.
Edina has 67 Homes pending, a median of 10 days & average of 38 days.
Minnetonka has 63 Homes pending, a median of 10 days & average of 27 days
Victoria has 17 Homes pending, a median of 18 days & an average of 46 days.
(NOTE: Victoria "also" has 38 homes that are pending (in the construction process) in addition to the 17
existing homes above, that are not included as the closing could be several months out)
existing homes above, that are not included as the closing could be several months out)
The city links above will take you to a
report.When you are "in"
you set up a personal access account, receive listing alerts, and search for homes at your convenience.______________________________________________________________
WHEN YOU'RE READY...
I know that "ready" word is up to interpretation! That is OK. One of the things that my clients enjoy about working with me is that I provide value first..... This initial process is friendly and informal. It is at the core of what I do everyday, providing value first. This is called a "CVBA", they are a 20 minute "Cost Versus Benefit Analysis" meeting and tour of your home. We discuss (meaning I will listen to you) what makes the most sense for your life circumstances, and what would be the best use of your precious time, effort, and of course...money.
Here is a review I received recently to illustrate this point:
"We had contemplated moving several times previously but always backed away from the idea. Our neighbor and friend of many years recommended that we talk to Stieg Strand. They had met with him and they felt he would be a good fit for us - how right they were. We met with Stieg, he toured our home and we had a great time visiting about all kinds of things. It was easy to decide that he was a good fit for what we hoped to accomplish."
Milt and Betty Leiran, Minnetonka
Stieg Strand
Stieg Strand is a husband, father of 3, and grandpa of 2 (Wow are they cuoooot!) and 30+ year career in real estate. Stieg spends his time and energy on building confidence so people can h....
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than RE/MAX Results are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
