February 2016

Found 4 blog entries for February 2016.

Downtown Minneapolis LoftsIf you’re looking for a true urban living experience, there’s no better place to begin your home search than in Downtown East. Filled with many of the coolest lofts for sale in Minneapolis, real estate in Downtown East is often described as hip, trendy, stylish, and whatever other adjectives you can think of that describe a fashionable place to call home.

If you’re someone who likes modern new loft spaces, the Zenith Condominiums, which were only finished back in 2008, have everything you could want in a new home, including high concrete ceiling, huge open floor plans, and near floor-to-ceiling windows with sprawling views of the city.

Want something with a little more character? The American Trio Lofts are housed in an early 1900s warehouse building and

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Minnesota Job GrowthThe Bureau of Labor Statistics recently released figures that could be good news for the Minneapolis-St. Paul-Bloomington metro area real estate market. Of any major metro area in the U.S., the Twin Cities area had the second lowest unemployment rate at just 3.1%, or nearly 2% lower than the national percentage.

Recent job and wage growth has also remained positive over the early part of 2016, as wages in the area are increasing at their fastest pace in about six years. What makes the wage increase significant is that as home prices continue to rise around the Minneapolis-St. Paul market, homes are also more affordable and more attainable to a broader range of home buyers, and more specially young home buyers, who are expected to play a major role in the

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Victory Homes For Sale, MinneapolisLocated about 5 miles northwest of downtown Minneapolis, the Victory neighborhood is a quiet yet desirable part of the city that features homes that were mostly built between 1920 and 1960. It’s here you’ll find a terrific assortment of bungalows, Tudors, and Georgian-style homes that, although, older, exude an incredible amount of charm and character.

After a quick drive through the neighborhood, the abundance of tree-lined streets, newly paved trails and walkways, and the overall quaint and low-key vibe has many potential home buyers dreaming about all the different possibilities while also asking themselves, “what’s currently available?”

Well, simply put, the answer to that question largely relates to what you want as a home buyer. If you’re looking for

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Minneapolis Real Estate Market While last year was certainly a great year for the Minneapolis real estate market, 2016 has also gotten off to a fairly strong start with both sales and home prices on the rise despite a lack in seller activity.

According to recent stats released by the Minneapolis Area Association of Realtors®, pending sales jumped 3.5% to 3,033 signed contracts over the first part of the new year, while the median sales price for homes in the area increased by over 10% from January 2015 to $215,000.

With a spike in sales, however, inventory around the Minneapolis area is significantly low right now, with the latest figures showing just 10,065 active properties on the market—the lowest total on record since the beginning of 2003. The record sales pace we’re seeing right

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