Eric's Blog

New Hope market is doing wonderful.  REO inventory is decreasing, home prices have risen allowing many formerly upside down sellers back in the black.  This is good news for several sectors of Minnesota Housing.  It means that home sellers in New Hope should be able to sell, first time home buyer...

Rising appreciation rates, strong sales numbers and pretty even new listing numbers have Mintaka as my pic as the most stable market and a great place for both buyers and sellers to make their moves.   Search Minnetonka Properties for Sale Foreclosures for Sale in Minnetonka| New Listings for Sal...

Inventory, Inventory, Inventory!  There is almost none at this time in Hopkins even when compared seasonally.  The Hopkins market is likely to see continued price appreciation even over the robust 16% year over year when we see only 5 new listing to market and 2oplus closed. Hopkins sellers are s...

Well folks..... if your not looking to sell your Golden Valley home this spring, I think you could say your goose is cooked.  Why?  Values year over year have increased by 13%, Golden Valley is surrounded by cities with level sales and slightly lower appreciation levels, year the thing that make ...

Typically when seeing big market swings, pockets of rather well to do hoe owners do not see the large fluctuations in pricing as many markets do.  The Edina market is one such market.  Edina residents are seeing a great average sale price with modest growth.  Typical of what would be expected for...

Relatively low sales and listing volume has limited rotation of properties in Crystal.  The Crystal market has around 33% foreclosure and short sales which is far below levels of a few years ago. With health appreciation year over year, many sellers in Crystal could see themselves coming out of t...

Well Eden Prairie has seen a nice run up in pricing over the last 18 months and has started to taper offer similar to other cities like Maple Grove and Plymouth which share similar attributes when it comes to community make up, residents income, shopping and schools, etc. over the last years mark...

Look out!  Home prices are rising in Champlin and other than season weather limiting buyer activity so far in January, it looks lie Champlin has become a highly desirable area to live with more homes sold than listed.  Possibly that fact that Champlin boarders Maple Grove and Elm Creek Park and h...

Brooklyn Park home prices have appreciated at a tramendous rate.  Although slowing during January so far, Brooklyn Park has seen an amazing bounceback from the lows of 2007-2009.  It's unlikely his appreciation will slow in the coming year, but take advantage now while rates are low. These number...

While still appreciating, home price appreciation in Maple Grove have been more stable than in many other surrounding cities.  It's possible this can be attributed to higher competition levels due to the number of transactions occurring and due to a higher price point.  Average sale price and act...