Jaunary 2012 – Twin Cities Real Estate Market Update

This video is a great recap of the current state of the real estate market with the year’s steady drop in inventory causing a definite seller’s market at this point in the year.

Buyer’s cannot wait on the move-in ready, well updated & reasonably priced homes in this market. I’ve been out with 4 buyer clients over the last week and we’ve seen a number of homes selling quick and last weekend a big one for showing activity.

Seller’s position is much better than last fall and will continue if our decreasing inventory trend continues into the spring. There has been nothing new coming on in the last couple months in Nokomis. The typical spring first-time buyers are still a month or more off but this weather hasn’t hurt. I had two close in January, a typically sleepy time in MN real estate.

This spring will be very interesting to see if potential sellers become aware of this advantage and list their homes and if buyers come out in numbers with continued low interest rates and better consumer confidence and economic factors than than last year.

– Nick Archer, Realtor with Coldwell Banker Burnet – Licensed in Minnesota

About Nokomis Nick

I am a Nokomis Neighborhood Booster! Live Here! Work Here! Love Nokomis! Live Here! I grew up in South Minneapolis & the Nokomis neighborhood a block from Minnehaha Creek & about 4 blocks from Minnehaha Falls Park. I returned after college & purchased my first home near Keewaydin Elem & now live with my wife on Minnehaha Pkwy only a 1/2 mile from where I grew up & a block from the Creek. Work Here! REALTOR®, GRI, SFR, Counselor, "Nokomis Neighborhood Expert" with Coldwell Banker Burnet I work as a full-time Realtor in the Twin Cities metro area of Minnesota, helping people Buy and Sell Homes. Specializing in South Minneapolis, especially the Nokomis neighborhoods, in working with Sellers Partnering with other Trusted Coldwell Banker Burnet Realtors to help Sellers in the rest of the Twin Cities market so that each of my clients gets a Neighborhood Expert advising them. In assisting Buyers and helping them to purchase a home, I travel & have helped clients buy all over the Twin Cities. Love Nokomis! Ever since I was a kid, I have enjoyed living here & taking advantage of all the area has to offer from the trails & lakes to the local businesses which give Nokomis a "small-town" feel within the big city. Nokomis Village is our little “Main Street” with everything you need within a few blocks. Just another reason to love Nokomis! Personal Interests: Running, home improvement projects, home construction, architecture, design, fitness, camping, cycling, hiking, canoeing, music, concerts, hanging out with friends, yoga, traveling around the US, traveling throughout the world. Work Honors & Awards: #1 Sales Agent & #2 Listing Agent in the Minneapolis South Office of Coldwell Banker Burnet - (2009) Coldwell Banker Burnet Diamond Society every year since starting in Real Estate in 2002 Voted 2010 "Super Agent" by Mpls/St. Paul & Twin Cities Business Magazines Featured as a "Real Estate Expert" on DIY Network's "Sweat Equity" TV show Community Volunteer Activities: Minnehaha Food Shelf Habitat for Humanity Trees for Toys benefiting Toys for Tots
This entry was posted in Minneapolis Real Estate Market Update, Nokomis Real Estate Market Update, Real Estate Related, South Minneapolis, Twin Cities Real Estate Market Update, Uncategorized and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

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