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    Ravi & Deval
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    Jesse was introduced to us by a friend as my wife and I were looking
into buying a home. Like most first time buyers we were anxious and
had lots of skepticism when it came to real estate agents. Jesse's no
pressure demeanor put us at ease. He showed us 32 homes within a span
of four weeks at times convenient to us and always provided us with
useful tips and critical information.

There were times when we would enter a home at the top of our budget
and he would never pressure us into going over budget. He always gave
us his point of view, even sometimes telling us that a house was not
right for us. This is when we realized that though Jesse wanted us to
buy a home, he wanted us to get the one that was right for us.

With Jesse as our buying agent, my friend and I both purchased great
homes within our budget and as a result of this wonderful experience
we have recommended Jesse to couple of our other friends who are in
the market to buy a home. JESSE THANKS FOR THE HASSLE FREE AND
PRESSURE FREE HOME BUYING EXPERIENCE. You're our go to guy in all real
estate matters!!!

Ravi & Deval

    Ravi & Deval

    Chris & Armida
    Successful Short Sale

    I chose to work with Jesse from the Remax team because of his experience with short sales and I'm very glad that I did.  From the very beginning Jesse was very knowledgeable about the whole process and this took a lot of the stress off of me. He was very responsive and worked closely with the bank at every step. This experience went a lot more quickly that I had anticipated and it would not have gone as well without Jesse and his team.

    Chris & Armida

    Brad & Alyssa
    Prevented Foreclosure

    When I thought selling my home was impossible being extremely upside down on my mortgage. Jesse dedicated his time and efforts negotiating with my lender to accomplish a very challenging sale on my home. He eliminated a bad investment I was carrying around, satisfied the mortgage company, and prevented a foreclosure on my asset. Jesse successfully did what other agents were not able to accomplish!   Brad & Alyssa

    Brad & Alyssa

Home > Communities > Belle Plaine > 2011 MAAR Annual Housing Report

2011 MAAR Annual Housing Report

Filed under Belle Plaine, Blog, Carver, Chanhassen, Chaska, Communities, Eden Prairie, Elko New Market, Featured News, Jordan, Lakeville, Lonsdale, New Prague, Northfield, Prior Lake, Savage, Shakopee No Comments

 

Overall, 2011 was a pretty good year for home sales in the Minneapolis area.  The number of homes for sale were down drastically, and demand seemed to have returned to the marketplace.  The result of this was many properties seeing multiple offers, quicker sale times, and higher list-to-sale-price ratios.  While there wasn’t any appreciable increase in values, there weren’t many drastic declines, either.

The Minneapolis Area Association of Realtors’ has released the 2011 Annual Housing Report.  In here you will find raw data about the 13 county Minneapolis/St. Paul Metro Area.  This includes sales numbers, inventory, and pricing data.

Here are the top 10 local items to note:

1) Closed Sales – Increased by 8.2% in the 13 county metro area

2) Shakopee – Higher demand for townhomes means townhomes/condos make up 36.7% of all home sales.  58.5% of all sales were short sales or foreclosures.

3) Carver – New construction accounted for 37.3% of home sales.  Overall home sales up 13.6%.

4) Chanhassen – 22.2% of homes sales were new construction.  370 homes sold, an increase of 23.3% over 2010!

5) Elko New Market – 75% of home sales in 2011 were distressed properties (Short Sales or Foreclosures)

6) Belle Plaine – 59.2% of homes sold were distressed.

7) Eden Prairie – Home sales increase by 11.4%.

8.) Savage – Home sales UP by 41.2%!

9) Prior Lake – 452 homes sold, an increase of 11.6%.

10) New Prague – Over half (55.9%) of all home sales were distressed properties.

 

As you can see, many areas saw increases in overall home sales over 2010.  2012 is looking to be a great year for MN real estate.  Continuing low levels of inventory will help stabilize many areas, and pent up buyer demand may actually result in value increases!  Stay tuned!

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Jesse Schneider
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As a full-time MN Realtor® since 2003, I have built my business on making customer satisfaction my #1 goal. I take great pride in timely communication, my education and knowledge of the changing real estate industry, and the incorporation of technology in the... Read More

has written 67 articles

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