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Local Market News blog posts

Checking in on the Market: Minneapolis Real Estate News

Ryan Platzke

Here in the Twin Cities area, steady growth has been driving a hot market. During the summer months, buying and selling a home near Eden Prairie or the surrounding suburbs of Minneapolis is made easy by the Summer Selling Season—the time of year where the real estate business enjoys a seasonal boom that benefits buyers and sellers alike.

What 2016’s Market Predicts in 2017

Ryan Platzke
Photo by www.bigstock.com
Now that we’re decidedly in the midst of the winter season, we can enjoy the benefits of hindsight as we examine how the housing market fared in 2016 and what its trends can tell us about the year ahead.

Perhaps the biggest real estate headline in 2016 was the swift ascent of median home prices, topping out at an all-time high and leaving sellers both happy and well-positioned for their next property. What’s more, closed sales reached an 11-year high in Minnesota, just shy of breaking their all-time record, this according to the Minneapolis Area Association of Realtors. In other encouraging news, foreclosure activity further declined while homes spent far fewer days on the market—a strong indicator of buyer enthusiasm and confidence. Surrounding Minneapolis areas, like Eden Prairie, also enjoyed a boost as the Twin Cities region continued its multi-year increase in population and housing development.

What the Experts Are Saying About 2017’s Housing Market

Brace Helgeson
Photo by www.bigstock.com
Two weeks ago, we highlighted some potential trends that pundits are predicting for 2017. Now, we look to experts in our field to deliver you some sound advice as we transition into February. At Helgeson Platzke Real Estate Group, we understand that buying a home is personal. As one of the largest investments that an individual is likely ever to make, we decipher the insight and feedback of our industry, then pass along that wisdom to you.

First off, according to the National Association of Realtors and the U.S. Census Bureau, home sales bounced up by 5.9 percent compared to last year, which means that all in all last year set 2017 up for success to come. What’s more, new homes are up by a highly encouraging 17.8 percent from last year, which means that low inventory issues that slowed progress in 2016 are being addressed, paving a bright path ahead for homebuyers and sellers alike.

2016 saw mortgage interest rates hover at near historic lows, as the Fed held off—for the most part—on major changes or overhauls to figures. As we head into 2017, the National Association of Realtors is predicting a slight climb in those numbers as we make our way towards spring and summer, but not to worry, the rates predicated are moderate and aren’t expected to hugely impact the average homebuyer’s bottom line too much.

Another factor that’s sure to brighten 2017 is the groundswell of positive builder sentiment. One of the biggest challenges of 2016’s housing market was inventory, which drove up home prices and made the market more competitive than ever. Well, homebuyers and sellers can take a deep breath of relief as builders are at work on new-build homes that amount to a fifteen-year high in sentiment. This means that new-home construction is on the incline, but builders are confident that progress will continue. This should alleviate some of the high housing prices out there, while making it easier for home sellers to transition to their next property without having to fight tooth and nail.

All in all, 2016’s steady progress set a compelling stage for the 2017 housing market. Here in the Minneapolis area, growth has been booming in the Twin Cities as well as in nearby suburbs like Eden Prairie, where countless Minnesotans are looking to buy a home in one of Hennepin County’s most desirable locations. Predictions for 2017’s housing market are encouraging, and buyers and sellers should take heart in the developments pundits are predicting. If you are looking to buy a home in the Minneapolis or Eden Prairie areas in 2017, begin your search today with the help of an experienced, top reviewed real estate agent who can guide you through every stop of the home buying process. Make 2017 the year you became a homeowner or finally found the home of your dreams.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Your Minneapolis/Eden Prairie Weekend Events Guide: January 20-22

Ryan Platzke

Wintertime is in full swing. The snow is falling, the cold is constant, but there’s no reason to have your spirits dampened this January. To take the guesswork out of your weekend to-do list, we at Helgeson Platzke Real Estate Group have curated a list of the top Minneapolis and Eden Prairie areas events for this weekend. So, gather your loved ones, get out of the house, and take in the sights and sounds of Minneapolis this weekend!

Betty Danger’s Country Club’s Rooftop Winter Wonderland Display
Just because the holidays are over doesn’t mean you to have give up your seasonal spirit. At Betty Danger’s Country Club’s Rooftop Winter Wonderland Display, you can take a sleigh ride in the sky on the Ferris wheel, or sip steaming hot chocolate or cider. While temperature may be low, spirits will be high at Betty Danger’s, where adults can enjoy a variety of spiked drinks amid the restaurant rooftop’s vibrant seasonal décor. Don’t let the weather deter you this weekend; take in all the winter wonder that Minneapolis has to offer. Open Wednesday through Sunday until January 31st, 5-9PM. 2501 Marshall St. NE Minneapolis. For more information, please
click here.

Spirit: Made here: City Center
Enjoy the local art scene with the Made Here project, which is premiering over thirty new artistic pieces to its collection, comprised of work by more than 75 Minnesota artists. From fiber art, puppets, photography, light installations, window displays, and much, much more, Spirit: Made Here will be a visually stunning and artistically engaging assortment of Minneapolis area art scene makers. Walking tours are available at 6 and 7 PM for the extra curious, but no matter your level of artistic involvement, this is one exhibition that is not to be missed. On view at 40 S. 7th St. in Minneapolis. For more information about Spirit: Made Here, please click here.

Disco Inferno: 1970s Dystopia

We mentioned Trylon Microcinema’s January 70s sci-fest in our last events guide, but we couldn’t help ourselves and give this enjoyable curation a second nod. Especially with the cold weather out there, there’s nothing quite as relaxing as hunkering down in a dark movie theater for some cinema classics. Grab your friends and some popcorn and take in a films that range from The Invasion of the Body Snatchers to Logan’s Run to Sleeper. No matter which show you catch at January’s sci-fi fest, ticket costs won’t break the bank at just $8 a piece. Show times vary, so be sure to choose a show and buy your tickets online, here for viewings at 3258 Minnehaha Ave. in Minneapolis.

 At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Your Minneapolis Area Real Estate Forecast for 2017

Brace Helgeson
Photo by www.bigstock.com

With a brand new year ahead, it’s important to assess the direction we’re headed in 2017. Certainly there stand to be major changes afoot—from a new president to new seasons. With that in mind, we’ve taken the time to research a few suspected trends ahead in the New Year, so that you know just where you stand as we dive headlong in 2017’s housing market.

The New Face of the Suburbs
A big trend in 2016 was how desirable city amenities became. Folks looking to buy homes in the Minneapolis area wanted walkability, a bevy of trendy bars and restaurants, and access to all that the Twin Cities offers. As we head into 2017, the suburbs will begin to rival city neighborhoods when it comes to hip coffee shops and galleries. The new face of the suburbs, in top communities like Eden Prairie, will reveal even more reasons why life adjacent to the big city has everything to offer and more.

Millennial Market Surge
2017 will be a great time to buy a home in the Minneapolis and Eden Prairie areas, and real estate pundits are predicting that millennials will be more active than ever when it comes to participating in the Minnesota housing market. With inventory headed for a steady upswing, and mortgage rates still coming in at historic lows, first time homebuyers—which makes up a significant contingent of the millennial set—will take advantage of the many incentives out there to buy a home in the Twin Cities region.

Rates Remaining at Lows
Fresh off of the 2016 presidential election, the Fed will likely hold off on making any groundbreaking changes on interest rates, with any suspected hikes predicted to stay nominal. That means that homebuyers in Eden Prairie and the Twin Cities area can rest assured that buying a home in 2017 will be a financially feasible undertaking, with mortgage interest rates that would be wise to lock in.

2017 is poised to be a year of positive developments for the real estate market in the Minneapolis and Eden Prairie areas. If one of your New Year’s resolutions is to own a home this year, begin your search with the help of experienced, top rated real estate agents in the Eden Prairie area. No matter what your homeownerships needs, budget, or goals may be, our real estate agents know the Minneapolis area inventory in and out, ensuring that you’ll find the home of your dreams for a price you can live with. Don’t wait—lock in early 2017’s outstanding mortgage rates today.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.


Your Minneapolis Area New Year’s Eve Events Guide

Brace Helgeson

Photo by www.bigstock.comIt’s that time of year again: on the last precipice of the holiday season, peering into the new year ahead. No matter how you fared during the holidays, why not have just one last bash to celebrate 2016 and begin a new, fun-filled chapter for 2017.

Tinto Cantina
901 W Lake St., Minneapolis
For those of you looking for an upscale affair for your New Year’s Eve celebrations, try an intimate evening at Tinto Cantina, where you and close friends or family can enjoy easy access to parking, live quality music, and none of the over-the-top noise and fanfare that can often be found at bar celebrations. Instead, Tinto Cantina is curating an intimate, chic, and sophisticated party vibe, without losing any of the fun of ringing in the New Year. Enjoy a 4-course dinner by candlelight, a complementary glass of champagne, a cocktail lounge and a dancefloor. $90 buys the whole experience, or just $30 for the after party. More information can be found
here.

New Year’s Eve 80s Disco Ball at Betty Danger’s Country Club
2501 Marshall St. NE., Minneapolis
Ring in the New Year while celebrating a bygone era. There’s no dance party like an eighties dance party. Disco balls, themed costumes, drink specials, and a complimentary champagne toast right at the stroke of midnight—what more could you ask for in a dance-crazed NYE event? Tickets are just $15, which makes this night of fun an affordable one, to boot. For more information or to make a reservation, click here.

Studio 54 at the Hyatt Regency
1300 Nicollet Mall, Minneapolis
Touted as the premiere New Year’s Eve party in Minneapolis, Studio 54 is back to ring in 2017 with an unbeatable lineup of entertainment. Three room of music and dancing from a mix of DJs playing a wide variety of music—from funk, to old school, to Top 40—along with drink specials and a party vibe that’s rarely found outside of Times Square. Tickets are $40, but VIP tickets at $75 promise a private entrance and coat check, complimentary champagne. If you’re really springing for it, there’s an additional $65 wristband which promises unlimited drinks as you wander from dancefloor to dancefloor, hot on the heels of 2017.

Wherever you wind up ringing in the New Year, there’s bound to be a perfect party, celebration, meal or gathering that suits your interests in tastes. In the Minneapolis and Eden Prairie areas, there are always options for heading out on the town. From our family to yours, we wish you a happy and healthy New Year, and safe celebrations are you make your way through the holiday seasons. Cheers!

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Strong Demand and Solid Pricing Sums up the Winter 2016 Housing Market

Ryan Platzke

Photo by www.bigstock.comAccording to the Minneapolis Area Association of Realtors, there is considerably strong demand going forward as we make our way through the wintry season. To boot, home prices are fairing strongly, and inventory—though still trying to catch up to unprecedented levels of demand—is slowly but surely keeping pace.

Research from the Minneapolis Area Association of Realtors shows that demand is up by 1.6% compared to this time last year. While that might not seem like a marked percentage increase, it actually amounts to a thousands of additional properties purchased by homebuyers in the Minneapolis area. What’s more, closed sales increased too, just shy of a percentage point at .8%, amounting to a 4,791 additional closed home sales.

For home sellers eyeing the market—and potentially their next property—rest assured that you’re likely to get a solid price for your home, with reports indicating that the median sales price for autumn this year rose by 6.5% annually. Likewise, homes on the market are selling quickly, and attractive listings are likely to garner multiple bids. According to the Minneapolis Area Association of Realtors blog, "The average percent of original list price received at sale was 96.9 percent, 0.8 higher than last year. But the median percent of current list price received is 99.6 percent, the highest level since 2005.”

Judy Shields, the President of the Minneapolis Area Association of Realtors, commented on the surge, saying, "Demand is still soaring.” This is encouraging news due to the season, where activity tends to taper off this time of year. Instead, winter 2016 is looking to be a scorcher when it comes to Minneapolis area housing market demand. In addition, the Minneapolis area labor market is going strong, and growth is on the move in all sectors, which means that prosperity in the workforce will likely translate to continued prosperity in the Twin Cities area housing market. In fact, the unemployment rate in the Minneapolis area is significantly lower than the 4.9% national average, coming in locally at 3.3%.

Though mortgage interest rates have shifted a bit, they are still far lower than the year-by-year average, which means that the time is ripe for homebuyers looking to lock in unprecedentedly attractive 30-year fixed-rate mortgage interest rates right now. This winter is surely shaping up to be a positive one in the Minneapolis area, whether you’re interested in buying or selling your home.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Your Year-End Real Estate Roundup

Brace Helgeson

Photo by www.bigstock.comThis year has been an eventful one in the world of real estate. From news of increased inventory with new home construction on the move, to unprecedented demands for existing homes, 2016 has shaped up to be a largely positive one for the U.S. housing market.

Let's begin with increased demand. As recently as October, the National Association of Realtors at Realtor.org reported that existing-home sales continued their upward trend this autumn, even toppling June's high sales peak. This is particularly remarkable news considering that spring and summer are largely held as the top home-buying and selling months of the year. However, in October, all major regions around the country reported significant increases in annual sales. Total existing-home sales—or, the sales of homes built and on the market—grew 2% in October. At a seasonally adjusted 5.9%, October's existing-home sales outpaced summer rates and were the highest since February 2007.

Chief Economist at the National Association of Realtors, Lawrence Yun, commented on the unexpected gains, saying, "October's strong sales gain was widespread throughout the country and can be attributed to the release of the unrealized pent-up demand that held back many would-be buyers over the summer because of tight supply." What's more, Yun went on to say that wages are pushing upward and construction is also increasing, which means that a market in high demand will soon enjoy the relief of added inventory. Plus, workers are primed to enjoy a bump in pay, making the transition to homeownership a more financially feasible one.

In other news, high-tech trends are emerging in the housing market, as realtors, builders, and owners recognize the need and mounting desire for smart home accessories, according to another report by the National Association of Realtors. Realtors are seeking certifications in smart home technologies—such as Nest—to better serve homebuyers seeking up-to-date accoutrements in their future dream home. According to the report, over half of potential homebuyers are interested in these emerging technologies, some that address household thermostat systems, others that provide cutting edge security features linked to smartphones. As new-build properties hit the market, technology of this nature is sure to be on the minds of builders and planners equipping new construction properties.

Finally, 2016 was marked by exceptionally low mortgage interest rates of historic proportions. With the presidential election in the rearview mirror, some of those numbers are on the move, which means that now more than ever is the time to lock in a low mortgage interest rate. Regardless, 2016 was a strong year for mortgage interest rates, and certainly was an important component in the market's often unprecedented surges.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie's esteemed small business community. Since 1995, we've offered the very best in Twin Cities real estate, earning our community's trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you're considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season's extraordinary market.

Your Minneapolis Area Weekend Arts Guide: December 9th to December 11th

Ryan Platzke
Photo by bigstock.com

When the winter cold hits, it’s hard to find the motivation to leave the warmth and comfort of your own home. Instead of suffering from seasonal cabin fever, why not venture into the Twin Cities area for a taste of some of the nation’s most intriguing artistic offerings?

Question the Wall Itself: Walker Art Center

Beat the cold this December and spend some time rounding the halls of the illustrious Walker Art Center. This timely exhibit, called "Question the Wall Itself,” is free with general admission to the museum. The exhibit asks onlookers to consider the function of spaces and interior design. In this day and age, where Instagram and Pinterest put lifestyle blogging and home décor front and center, the question becomes: when do spaces become performative set-dressing, rather than the spaces we authentically inhabit? On view at 1750 Hennepin Ave. in Minneapolis.

Dimensions of Indigenous & Cultural Identity Politics: Intermedia Arts

Combining the work of Electric Machete Studios in St. Paul and the influence of Ce Tempoxcalli, Intermedia presents this one of a kind exhibition highlighting the works of Minnesota’s indigenous and multicultural artists. Focusing on the timely topic of identity politics, this contemporary show grapples with both the past and the modern day—from colonization, historical trauma, to today’s rampant cultural appropriation. The exhibit is free and hosts live music, food, installations, performance art, and more. On view at 2822 Lyndale Ave. S. in Minneapolis.

Resistance, Protest, Resilience: Minneapolis Institute of Art

This free exhibition doesn’t promote any specific cause or perspective. Rather, it chronicles an array of provocative images and renderings of civil disobedience, standoffs, political upheavals, protests, and more. Documenting a global history of unrest and citizen-based movements, "Resistance, Protest, Resilience” at the Minneapolis Institute of Art documents the very human struggle for justice across the globe. With a myriad of representations, cultures, nationalities, and installations, this exhibit is not to be missed. On view at 2400 Third Ave. S. in Minneapolis.

No matter how you decide to spend your wintry weekend, there’s always plenty of cultural enrichment and entertainment to be found in the Twin Cities area. If you’re aiming to stretch your legs and get out of the house, venture into Minneapolis for a day of artistic enrichment and visual intrigue.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Your Eden Prairie and Twin Cities Thanksgiving Guide 2016

Brace Helgeson

Photo by www.bigstock.comWith November soon to be on the outs, the holiday season has officially arrived, with Thanksgiving kicking off festivities in the Twin Cities region. Once you and your loved ones have had your fill of turkey and pumpkin pie, you may find yourself with a free weekend to fill. Here are our selections for a fun-filled Thanksgiving holiday weekend in the Twin Cities region this year.

Friday, November 25
Holidazzle at Loring Park
Take advantage of one of Minneapolis’ most cherished holiday events, Holidazzle at Loring Park. Beginning on Friday and running on Thursdays and weekends through the 23rd of the December, Holidazzle is a complete holiday experience that celebrates the Minneapolis community—featuring an array of food and gift vendors, live musical performances, an outdoor skating rink, visits from Santa Claus, holiday movies, giveaways, and more. Equipped with a warming house where guests can heat up and grab a beverage, Holidazzle is a perfect way to enjoy a winter wonderland that’s dazzlingly in theme. For more information on this event, please
click here.

Saturday, November 26
Minneapolis Institute of Art
If you’re looking for a cultured afternoon outside the house, look no further than the Minneapolis Institute of Art, offering a new in-depth exhibit called, "Martin Luther: Art and Reformation,” on view until January 15. Don’t let the title of the exhibit fool you; the works on display are carefully curated and range from pictures and sculptures to gold installations and personal possessions belonging to Martin Luther himself. This exhibition is perfect for both art and history buffs, and provides an excellent venue to stretch your legs, engage your mind, and burn off some of your turkey fatigue this year. For more information on this exhibit, please click here.

Sunday, November 27
Prairie Lights
One of the most enchanting events taking place this time of year is Prairie Lights, a homegrown holiday lights show right here in Eden Prairie. Not only will visitors be dazzled by the tremendous display, but revelers can enjoy the show synchronized to music on 88.1FM, to create a full holiday experience spectacular. On Sundays, the show is open from 5:00PM to 9:30PM, at the intersection of George Moran Drive and Donegal Cove. Visitors from across the Twin Cities area are welcome to attend the visual festivities. For more information on Prairie Lights, please visit their site here.

There’s no season like the holiday season here in Eden Prairie. No matter how you spend your Thanksgiving this year, we wish you and your loved ones a very fond holiday.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

New Home Sales Going Strong

Ryan Platzke
Photo by www.bigstock.com

A new story from online publication, Mortgage News Daily, reports that new home sales are on an encouraging an upward trajectory, with this fall showing a marked increase from the month of August. This is especially bright news, since summer is generally considered prime selling season, but Mortgage News Daily’s report indicates that no such slowdown occurred in the transition to autumn. In fact, sale numbers for new-build properties are up by both monthly and yearly measures.

According to the Census Bureau and Department of Housing and Urban Development, new-build residential properties were up 3.1% from August. Moreover, year-to-year September sales leapt by a 29.8% margin — an astounding and nearly unprecedented level of growth. Closer to home, the mid-west enjoyed a particular bump in new construction home sales during the early fall, with an 8.6% seasonal increase and a year-to-year increase of a whopping 33.3%. Furthermore, at the end of the September, an astonishing 243,000 new homes were on the market, with 141,000 more under construction.

What does this mean for those looking to buy or sell a home in the Twin Cities region this fall or winter? Firstly, an increase in new-build homes is a meaningful development for those on the house hunt, since inventory has been competitive here in the Minneapolis area. Likewise, home sellers can list their property with confidence that the next home of their dreams is readily available, brand new, and made financial feasible by this year’s exceptionally low mortgage interest rates. What’s more, a boost in the mid-west’s new-build sales indicates overall growth in the region, making purchasing a home a wiser investment than ever.

It’s no secret that life here in Eden Prairie is an enviable one, especially since Money Magazine’s recent feature of our hometown as one of the country’s most desirable places to live. Development is assuredly on the rise in the Twin Cities region, and what better way to spend the holidays than in a brand new home of your very own?

At Helgeson Platzke Real Estate Group we take pride in helping members of our community find and purchase their dream home. No matter your needs, budget, or tastes, there’s a perfect property for you and your loved ones. There’s no better time than the present to make it happen. Make your holiday wishes come true and take the plunge—become an all-American homeowner in Eden Prairie today.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Happy Veterans Day: Your Weekend Events Guide, November 11-13

Brace Helgeson
Photo by www.bigstock.comWith Veterans Day upon us, it’s important to remember the soulful sacrifice of those in our armed services, both past and present. No matter how you choose to spend your weekend, take a moment of remembrance for those who have served our country with dignity and distinction.

Friday, November 11
Mythbusters: The Explosive Exhibition


Saturday, November 12
Girls on the Run Fall 5k

This is not your average 5k. Join 1,000 girls, third to eighth grade, as they complete a season-ending 5k run. This noncompetitive run is meant to inspire young girls towards confidence, athleticism, and empowerment. Runners and walkers of all abilities are welcome to participate, and for those looking to lend a positive hand to the event, volunteer to be a "sparkle runner,” and be paired with a girl throughout the race to act as a source of encouragement. Other highlights of the event include face painting, crazy hair styling, and more. The pre-race rituals begin at 7:45 on Saturday morning, while the race is set to take off at 9AM. For more information, please visit the event site here

Sunday, November 13
Gridiron Glory: The Best of the Pro Football Hall of Fame

For sports lovers out there, particularly football fans, this is an especially unique event that can’t be missed. On view at the Minnesota History Center, enjoy a thoughtfully curated best-of collection from the pro-football hall of fame. With over 200 rare artifacts, photos, video installations, and more, this sensational exhibit celebrates the long and fascinating history of a uniquely American athletic pastime. Special highlights that will be on display include: the Vince Lombardi Trophy, Emmitt Smith’s rushing record artifacts, a 1919 era football helmet, and authentic and iconic memorabilia of the Minnesota Vikings. For more information, please visit the event page here.

However you decide to spend your weekend, there’s surely something for all tastes in Eden Prairie and the surrounding Twin Cities region. And from our family to yours, we’d like to wish all of our loved ones who have and will serve our country a Happy Veterans Day.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Seller Confidence on the Rise in the Minneapolis Area

Ryan Platzke
Photo by www.bigstock.com

According to a recent article from the Minneapolis Area Association of Realtors, those selling homes in the Minneapolis area are enjoying a boost of confidence this fall, as seller activity is up 5.6% since this time last year. 6,727 new homes have entered the Twin Cities real estate market during the month, and there’s even more good news: closed sales underwent a 5.7% bump, too, the highest level seen since 2005.

In addition to the encouraging boost for homebuyers and sellers in the Eden Prairie and Minneapolis areas, average sale prices increased 3.6% from this time last year, which is an exceptional development, considering peak home buying season concluded during the summer months. To boot, homes are more in-demand than ever, which means that they’re flying off the market at an average rate of 56 days before a closed sale.

So, how do all these facts and figures translate to those interested in buying and selling a home in the Minneapolis and Eden Prairie areas this fall or winter? For starters, sellers can part with their property with the utmost confidence that it will sell in short order, for a good price, while perfectly positioning them to embark on their next property. Eden Prairie and the Minneapolis areas are in high real estate demand, which means that selling a home at this juncture is not only a lucrative proposal, but it also means that buying your next property is a prudent investment, too. Those interested in buying a house in Eden Prairie can take particular heart, as Money Magazine recently listed the community as one of the most desirable locales in the country to own a home.

Minneapolis Area Association of Realtors president, Judy Shields, reiterated confidence in the Twin Cities’ real estate market, saying, "This market doesn’t seem to be slowing down one bit.” Likewise, MAAR president-elect, Cotty Lowry echoed that sentiment, saying, "This market is on solid footing.” Looking ahead through winter, homebuyers and sellers can rest assured that the strength of the local economy will keep the housing market steady. According to research, the Minneapolis-St. Paul region has one of the lowest unemployment rates of all major metropolitan areas, which means that growth is steady and translating to healthy housing market options and action.

With mortgage rates still hovering at exceptional lows, there’s no time like the present to make the transition into homeownership with the help of a trusted and experienced guide, like those found at Helgeson Platzke Real Estate Group. Whatever your tastes, budgets, or homeownership needs may be, at Helgeson Platzke we can make the house of your dreams a reality.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Your Halloween 2016 Minneapolis and Eden Prairie Events Guide

Brace Helgeson
Photo by www.bigstock.comOne of the spookiest times of the year is upon us, and just before we head into icy winter weather, why not spend a weekend celebrating the Halloween holiday in autumn fashion?

Friday, October 28
Floating Pumpkin Patch at the Eden Prairie Community Center Pool

This family friendly event is a great way to take a dip, despite cooler weather. Join local Eden Prairie residents as they take to the Community Center pool and hunt for a pumpkin for decorating. Beginning at 6PM and concluding at 8:30, bring the whole family for an evening of fall fitness, fun, and Halloween flourishes. Cost is just $10 per child and includes a pumpkin of your choosing. The pool will remain open throughout the decorating activities, too. To register or learn more, please click here.

Saturday, October 29
Spooky Saturday at the Eden Prairie Community Center

The Eden Prairie Community Center clearly knows how to show townspeople a good time. Starting at 3PM and extending until 5, enjoy family friendly trick-or-treating, numerous arts and crafts activities, music, games, and even some lively climbing action in the Prairie Play Zone. Those in costume will be provided with a special treat, to boot. Advance tickets only run $5 per child, with a family max of $20, while at-the-door tickets will cost $6 per child. Space is limited and the event is sure to be a blast, so pre-register and get your costumes ready! Click here for more information.

Sunday, October 30
Great Pumpkin Halloween Festival

Can you really get enough pumpkins this Halloween? Take a drive into St. Paul to enjoy a festive (and free!) Sunday afternoon treat. The Great Pumpkin Halloween Festival invites families to dress up in costume and partake in a festival of arts and crafts, balloon animals, live music, and a plethora of family fun. See what Twin Cities residents are wearing this year as the it-costume of choice, and enjoy a free Sunday fest, too. For more information, please click here.

We at Helgeson Platzke wish all our Minneapolis/St. Paul and Eden Prairie neighbors a fun, safe, and spooky 2016 Halloween! No matter where or how you’re celebrating, there are few better places to enjoy fall’s favorite holiday.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this fall, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.





Fed Rates Remain Unchanged in September, and Twin Cities Region Shows Permit Spike

Ryan Platzke
Photo by www.bigstock.com
A statement released by the Federal Reserve read, "…the case for an increase in the federal funds rate has strengthened but [the committee] decided, for the time being, to wait for further evidence of continued progress towards its objectives.” In other words, the current state of the economy is strong, but the Fed is reserving judgment for just a bit longer as it assesses economic rates of progress.

Hints at a December rate hike seemed readable however, as three of the FOMC members expressed dissent from Chair Janet Yelen’s leading decision to keep mortgage interest rates stagnant. The next Federal Reserve committee meeting will take place December 13 and 14, so it will be over two months before we’ll know whether to expect rate hikes as a result.

As for more localized developments, Finance-Commerce.com reports that permits to construct single-family homes in the Twin Cities region was up by 38% in September. What does this mean for potential homeowners and homebuyers in the Twin Cities and Eden Prairie areas? For starters, this area saw exceptional inventory demand in 2016, and an increase in building permits for much-desirable single-family homes is an encouraging development that could drive housing prices a bit lower, and make a move more feasible for families seeking their dream home.

What’s more: combine that local bit of news with the Fed’s decision to hold off on raising mortgage interest rates for now and you’ve got the perfect recipe for homeownership. Those interested in buying a home in the Eden Prairie or Twin Cities region can do so with financial confidence, knowing that they are mining historically low interest rates. Likewise, a boost in local inventory is sure to diversify your housing options if you’re on the hunt. No matter what your home ownership goals are, now is a special window in which to explore your options and lay down roots of your own this autumn.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Eden Prairie Takes #2 Spot on Money Magazine’s “Best Places to Live in the U.S.” List

Ryan Platzke
Photo Credit: www.bigstock.comEden Prairie nabbed the enviable number two spot! It’s an honor for a national publication to highlight what Twin Cities area residents and our very own hometown folk have known for a long time: Eden Prairie is one of the country’s most desirable homeownership destinations.

 

Money Magazine bases its rankings on a few key factors. First, they gather data on towns that range in population from 50,000 to 300,000. Then, they measure and assess a host of categories, including: job opportunities and employment rates, ease of living, diversity, sustainability efforts, and a variety of other overarching factors, as well. While this isn’t the first time Eden Prairie has graced Money Magazine’s coveted list, it’s now enjoying near-top honors for its quality of life, economic fortitude, and leading displays of eco-friendly choices. In fact, Eden Prairie recently pioneered a new development, Eden Gardens, that puts eco-friendly moves at the forefront with its use of solar panels, reclaimed building materials, energy efficient heating and cooling, low-water or no-water landscaping, and communal gardening plots.

On top of Eden Prairie’s sustainable development choices, economic prosperity is another defining factor in Money Magazine’s pick. In addition to Eden Prairie’s extraordinarily low unemployment rate—just 3.6%--numerous robust businesses make their headquarters here, including Optum, C.H. Robinson, Starkey, and Supervalu. While the local population is just 62,000 there are some 57,000 jobs rooted right here in town. Also bright on the economic front: Moody’s has given Eden Prairie a consistent AAA rating, as a result of its low debt and diversified tax base.

If the rock solid economy and thoughtful sustainability efforts aren’t enough to convince you, Money Magazine also highlighted Eden Prairie’ scenic offerings, which include: 200 miles of sidewalks and trails, 37 parks, 17 lakes, and 95% of hometown respondents who rate their town as good or excellent—what amounts to markedly high honors.

It’s always encouraging to have your town nationally recognized for what you know to be true: that our hometown is a special place to live. So, if you’re looking to buy a home in the Twin Cities region, why not take a look at Eden Prairie? Perfectly situated to take advantage of all that the Minneapolis region has to offer, Eden Prairie can’t be beat when it comes to myriad factors that make a home worth having.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home in 2016, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

A Fast-Moving Twin Cities Market Hits a 9 Year High

Brace Helgeson
Not since 2007 have homes for sale in the Twin Cities area managed to sell so quickly, according to a recent report from the Minneapolis Area Association of Realtors. Likewise, the Minneapolis area’s competitive market and high demand for inventory has pushed original list price sales to a stunning 98.4% of all total homes, another figure not seen in years.

Current president of the Minneapolis Area Association of Realtors, Judy Shields, commented on the speedy home sales boost, saying, "Our days on the market indicator tells us that most homes are selling pretty quickly.” In fact, the total amount of days that for-sale homes in the Twin Cities area stayed on the market fell 15.9% in August, compared to this time last year. This means that that a significant percentage of homes were snapped up within just 53 days of their original posting.

Just as exceptional demand has kept the Twin Cities housing market moving at a record pace, it has also inspired homebuyers to pay the full original list price on for-sale homes. Considering the Minneapolis area’s competitive market, most home buyers are willing to pay full list price to secure their next dream home. Not since July 2005 have buyers been so willing to pay close to full original list price—a figure that demonstrates just how hot the Minneapolis area’s summer real estate market has been.

As of late, the Twin Cities market has been lively but inspiring to home buyers and home sellers alike. While home sellers in the Twin Cities region rest assured that their property will be snatched off the market at a solid price and in short order, home buyers are confident that their new investment will offer a positive yield in the years to come, as the Minneapolis and St. Paul areas enjoy rapid and unprecedented growth.

Furthermore, home buyers—as well as sellers who are moving on to their next property after closing—are enjoying historically low mortgage interest rates at the moment. Spurred on by Brexit and the Fed’s tentativeness in raising rates, mortgages are at such low levels that even existing homeowners are flocking to refinance, according to CNBC.

All in all, this summer has proved to be a memorable one for the Twin Cities real estate market. Throughout the season, the Minneapolis area has posted some record-breaking figures, all of which speak to a flourishing market—whose exceptional momentum may extend through autumn.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Twin Cities Area Home Prices Break a 10-Year Record

Ryan Platzke
This summer, the Twin Cities housing market trends have been all about breaking records. Now that the data is in, it’s no surprise that June proved to be another record-breaking month for home prices and market growth in the Minneapolis - St. Paul region.

According to a recent report from the Minneapolis Area Association of Realtors, the median sales prices for homes in the Twin Cities area reached heights not seen since 2006—an impressive feat. Not to mention, that year-to-year growth also posted inspiring numbers: a 5.3% increase in the median home sales price, up from this time last year. In other good news, the amount of closed sales topped out at a twelve-year high, with buyers signing 6,175 new contracts and closed sales reaching 7,094.

So what does this mean for homebuyers and sellers in the Twin Cities and Eden Prairie areas? For starters, these figures indicate a burgeoning market with a strong upward trajectory. Whether you’re aiming to buy your first home, sell your home, or move on to your dream property, there’s encouraging factors for all. Any potential buyers out there can surely relish the extremely low mortgage interest rates currently available. With the Fed holding off on raising mortgage interest rates for now, it’s an excellent window in which to take advantage of these historic mortgage rate lows.

Those interested in selling their Twin Cities area home can rest assured that the market is eager for properties. In fact, homes are selling at a speed not seen since 2007. Combine getting top dollar for your home and the opportunity of a low mortgage rate, and transitioning to your next home will be seamless.

Take it from the President of the Minneapolis Area Association of Realtors, Judy Shields, who describes current Twin Cities housing trends like this: "This market is grounded in good fundamentals: supply and demand, smarter lending standards, job and wage growth, population growth, healthier household finances, and rising rent.”

Whether you are interested in buying or selling a home in Minneapolis, this August provides an unmatched opportunity to take part in the American Dream of homeownership. With housing market figures posting stronger than ever, the signs are clear: this year is the year to land a home that’s all your own.

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

 

Your August Eden Prairie Events Guide for the Whole Family

Brace Helgeson
Situated just outside Minneapolis, Eden Prairie is a peaceful and picturesque place to raise a family. With that in mind, we’ve compiled a must-read list of all the family-centric events the Eden Prairie community has to offer this August. 


• Movies in the Park: Inside Out
Friday, August 5th
Round up the whole family and head out to Staring Lake Amphitheatre to catch Pixar 
favorite, Inside Out, under the summer night sky. While show time is at 9PM, come early 
starting at 7:30 to see Eden Prairie’s very own School of Rock perform live. Be sure to 
bring along a blanket or beach chair—as well as your appetite, as concessions are   
available. For more information about this event, click here. 

• Nature Rocks! Outdoor Center Open House
Saturday, August 6th 
From 9AM to noon, gather the troops and set off for Eden Prairie’s Outdoor Center for a variety of free family-friendly activities including hiking, craft projects, hands-on time with live animals, and more. Visit 13765 Staring Lake Parkway in Eden Prairie to take advantage of the soon-to-be dwindling summer season. For more information about this event, click here. To learn more about Eden Prairie’s Outdoor Center, please click here. 

• Starring at Staring: Tres Mundos – International Music
Wednesday, August 10th
Hosted at the scenic Staring Lake Amphitheatre, take in the rhythmic, international sounds of Tres Mundos from the comfort of your own lawn chair. With a bevvy of tasty refreshments available for purchase, this event is sure to be a treat for your ears, as well as your stomach. For more information about this event, please click here. For more information on Tres Mundos, please click here. 

• KidStock: Engineer Paul from Choo-Choo Bob
Tuesday, August 16th
This kids event at Staring Lake Amphitheatre takes place at 10:30AM to 11:15—a short but sweet performance sure to impress the train enthusiast child, though there are stories and fun to be had by all. Lawn chairs or a blanket are encouraged, as well as a packed snack. For more information on this event, please click here. 

The Twin Cities and Eden Prairie areas have plenty to offer families looking for a home of their own—a variety of idyllic neighborhoods, a strong sense of community, and no shortage of events to keep you occupied all year long.  

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

Will Brexit Results Affect the Twin Cities Real Estate Market?

Brace Helgeson

News of the U.K.’s decision to leave the European Union shocked the world at the end of June, sending the value of the British Pound plummeting to devastating lows. While controversy is still roiling across the pond, how will the U.K’s landmark referendum results affect the United States’ economy and real estate market—if at all?

 

For starters, the National Association of Realtors recently reported that the U.K.’s exit from the EU could result in a significant real estate boost in the U.S. The National Association of Realtors’ Chief Economist, Lawrence Yun, commented on this potential development, saying, "Demand for U.S. real estate could rise,” as a result of U.K. based investors fleeing for higher ground, so to speak. With United Kingdom currency rates diving southward, the United States’ burgeoning real estate market may beckon European developers, translating to possible gains for the American market.

 

Likewise, other real estate pundits have submitted their own two cents, including Greg McBride—Chief Financial Analyst at Bankrate.com—who predicts that Brexit results could cause U.S. mortgage rates to dive even lower: "Mortgage rates will tumble, possibly hitting new record lows. If you’re a borrower,” McBridge encourages, "don’t wait to lock in your rate, as this opportunity may not last long.”

 

While the United Kingdom’s exit from the European Union may bolster a domestic real estate market that’s already on the upswing, how will it affect the Twin Cities real estate market specifically? Of course, there are no guarantees that U.K. economic unrest will directly translate to gains in the local market, however it is worth noting that the Minneapolis—St. Paul region has enjoyed unprecedented demand and growth in the past few years. So, for investors abroad staking their claim in stable U.S. markets, the Twin Cities region may seem like an attractive locale in which to invest, buy, or set up shop.

 

Likewise, those looking to buy or sell in the Minneapolis and Eden Prairie areas this summer could reap the added benefit of near-historic lows in home mortgage financing interest rates. All in all, the Brexit results are certainly uncharted territory for the EU, but here in the U.S. we may see some unexpected economic benefits. Because the Minneapolis area’s real estate market is already on a steady up-and-up, the added positive influx may push stats to record-breaking levels. Just as Bankrate.com’s Chief Financial Analyst advised: don’t wait to lock in your rate!

 

At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.

May Sees All-Time High for Twin Cities Home Sales

Brace Helgeson

According to a recent report from Twin Cities Business, May was a landmark month for home sales in the Minneapolis-St. Paul region. As demand for Twin Cities real estate continues to skyrocket, home sellers topped the highest May sales rate ever recorded. Calculated by the Minneapolis Area Association of Realtors (MAAR), this impressive milestone underscores a steady and ongoing upward trend in the Twin Cities’ housing market. 

Furthermore, the month of May brought plenty more good news for Minneapolis area home buyers and sellers, as it marked the eighteenth consecutive month where home purchases surpassed last year’s rates. In May, the Twin Cities region enjoyed a 5.3% increase in home sales compared to this time last year, along with a near 6% increase in the median home sale price, as well. Cotty Lowry, president-elect of the Minneapolis Area Association of Realtors, explained these significant boosts, saying, "Interest rates and job growth are fueling demand in our market.” 

So, what do these encouraging developments mean for home buyers and seller in the Eden Prairie and Twin Cities areas? For starters, it is clearer than ever that the local real estate market is enjoying unprecedented growth, which translates to an exceptional opportunity for those eyeing the housing market this summer. Whether you are interested in buying or selling in the Eden Prairie or the greater Minneapolis area, there’s good news for both parties. 

For homebuyers: mortgage interest rates are hovering at historic lows. While the Fed has held off on raising rates, and reports indicate that rates will remain unchanged for the immediate future—now is a rare and secure window in which to take advantage of near all-time low interest rates. For home sellers: enthusiastic demand and a lean inventory have driven up median home sale prices to just below 2006’s record. This means that you can sell your home with confidence, then wisely re-invest in a housing market that shows no signs of slowing down any time soon. 

All in all, May demonstrated itself as an undoubtedly historic month for the Twin Cities real estate market, proving that there’s no time like the present when it comes to staking your claim in the Minneapolis area’s housing scene. 

At Helgeson Platzke Real Estate Group, we offer the very best in Eden Prairie Real Estate. Since 1995, we’ve earned our community’s trust as the #1 sales team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of the season’s extraordinary market.

Residential Construction in the Twin Cities Region is On the Rise

Brace Helgeson

According to recent reports from the Builders Association of the Twin Cities (BATC), construction of new residential properties in the region has risen steeply, providing a welcome boost to second quarter figures. In fact, construction permits for residential properties are at their highest rate in nine years. Thus far, 2016 has been a competitive year in the Twin Cities housing market, with incredibly high demand and a shortage in available supply. That’s why the BATC’s report on the recent surge in residential building is welcome news for many eager homebuyers and seller alike.

Home Prices In The Twin Cities Holding Strong

Brace Helgeson

As we welcome in 2016 many experts are predicting that we will continue to see growth in the housing market in the Twin Cities area and across the nation. We can expect to see a steady increase in home prices as they inch towards the numbers we last saw pre-recession.

Home Prices Continue To Rise In The Twin Cities

Brace Helgeson

The Twin Cities metro area is continuing to see the housing market strengthen. The latest S&P/Case-Schiller home price report revealed that home prices were up in the Twin Cities metro area 3.5 percent year-over-year.

The Twin Cities metro area is continuing to see the housing market strengthen. The latest S&P/Case-Schiller home price report revealed that home prices were up in the Twin Cities metro area by 3.5 percent year-over-year in the month of August.

Home Sales Rebound in September!

Brace Helgeson

The numbers are in, and according to the most recent report by the National Association of Realtors the number of existing home sales jumped last month by 4.7 percent across the nation. This comes after numbers slipped in August, showing that the demand for homes is still strong even after the economic declines seen in the stock market in the past month.

2015 Home Sales and Listings shows Significant Improvement for Eden Prairie (through July)

Our Team

In the City of Eden Prairie the July 2015 housing trends illustrates some interesting results statistically for home owners and potential buyers. It seems the market is still a seller’s market with a limited amount of inventory from the 10 year norm but the market is equaling out benefiting the potential home buyer. After viewing these statistics it would seem it's the right time to buy a home in Eden Prairie. Read more details now...

Housing Market in the Twin Cities in March the Best in a Decade

Brace Helgeson

The Twin Cities housing market was hot last month. In fact, it was the strongest March we have seen in a decade. Buyers were given more options when it came to available homes on the market, and mortgage interest rates continued to remain low.

Twin Cities Home Sales Fall in September

Brace Helgeson


Rising home prices have led more home sellers to the market, but last month there were not as many buyers.In the month of September there was in an increase of 7 percent in the number of properties listed for sale over the previous month, but a 7 percent decline in the total number of available properties for sale when compared year-over-year.