July 2016

Although the summer season is traditionally a slow time for the Minneapolis real estate market, the summer of 2016 has been one of the best to sell your home in a very long time. In most major markets across the U.S., home prices are up by an average of 5% and with inventory still low across the board, demand still seems to be through the roof. 

Here in the Twin Cities market, entry level homes and middle tier homes are both seeing elevations in sales prices, not to mention multiple offers once listed. In addition, mortgage rates have continued to remain low thanks to “Brexit” and a slowed economy in other other industries outside of real estate, making it even easier and more affordable for buyers to finally make that long-awaited transition from

If you’ve been paying any attention to the Minneapolis real estate market lately, chances are you’ve seen how hot many segments of the market have been over the last 12 to 18 months. The housing downturn that swept the nation back in 2008 and continued through much of 2010 now feels like a distant memory, which of course is a good thing, but with somewhat of a shortage of condos in and around downtown Minneapolis, having the extra inventory of units inside a number of projects that never quite got off the ground would certainly go a long way for many young home buyers just trying to enter the marketplace for the very first time. 

Believe it or not, condos in downtown Minneapolis were absolutely on fire about a decade ago and couldn’t be built fast

Although the summer season is winding down quickly, there’s still plenty to see and explore in Minneapolis. So before back-to-school season arrives and the inevitable break in the warm weather hits, we uncovered three things you need to do here in the great city of Minneapolis before the summer season ends. Take a look below...

Live Entertainment

The first half of August is packed with entertainment options and the Minnesota Fringe Festival is a great way to see it all. The festival runs for eleven days in Minneapolis, with dozens of different shows and hundreds of performances planned throughout the city. 

Float the Mississippi River

Next up, take a private or public cruise along the Mississippi River. The Minneapolis Queen takes off from

According to multiple outlets, Wellington Management Inc. has acquired a 6.8 acre industrial site in Minneapolis and has plans to build a large mixed-use development that would include both housing and office space. 

As mentioned in reports, the St. Paul-based developer officially closed on the complex back on July 1st, which was purchased for just $1.05 million. Lee Holdings Inc previously occupied the 85,000 square foot building, of which part of will be razed to make way for 110 apartment residences. About 50,000 square feet of the building will remain, however, which is where Wellington Plans to build out creative office spaces that are being called Currie Market. 

Although the site has long been used for industrial use, it was re-zoned into