Archive for the ‘Historic Home Market Updates’ Category

Old Home Certified in Minnesota

Monday, August 4th, 2014

Old Home Certified Minnesota Historic Home AgentSeeking a Realtor® who knows vintage properties?

Jennifer Kirby, the premier go-to real estate agent in Minnesota specializing in historic homes now carries the Old Home Certified designation from the Preservation Alliance of Minnesota’s Cornerstone Academy educational program.

Of course, Jennifer already specializes in old homes and has helped many Minnesotans realize their dream of selling or buying a historic house. This special designation just further helps deliver key insights and information on Minnesota houses and architecture, old home resources, the history of neighborhood development, sustainability in older homes, historic district details and more. The Old Home Certified course is taught by a variety of experts in their respective fields, with two courses taught by Jennifer herself

While a designation is nice to have, proven sales in historic homes is more important. Concentrating on a niche market means Jennifer is able to concentrate her time on the historic home market in the Twin Cities, the surrounding Metro area, and towns throughout Minnesota. She is more than willing to travel to Greater Minnesota to help home owners sell their unique old home, or to help  a buyer not quite sure what to look for when purchasing a home 100+ years old.

Looking to sell or buy a historic home? 

Make your first and only call to Jennifer!

651-785-3400

Ramsey Hill Real Estate Update

Friday, February 5th, 2010

It’s that time of year again. The dreariness of January is behind us, and now those looking to move onto the next adventure of life might be thinking of placing their home on the market. I often get the question of when is the best time to sell, and the answer for the most part can depend on who you ask. Statistically, the prime time in the Twin Cities runs from late February to May, as buyers tend to peak with home purchases at the end of June.

So where does that leave home owners, when so many are unsure of the market? In Ramsey Hill, 2009 graced the area with about 41 closed sales, including both single family homes and condo units built before 1920. It took on average 179 days of market time to get each home sold; however, this stat can be a little misleading as some homes sold in less than a month, while others patiently waited for more than three hundred days for that perfect buyer to come along. Much of it comes down to pricing, but with a down market, constantly reducing the price is not always financially feasible to many home owners, and thus they have to wait a little while longer to sell.

The good side of the spectrum is that homes are selling in the neighborhood. Year to date records show that the number of homes sold last year was up 13% from 2008! There are several reasons Ramsey Hill is so desirable to buyers, the top two undeniably being location and style. Not only are the homes in Ramsey Hill with-in short distance from everything under the sun, the neighborhood possesses visual interest and curb appeal through its beautiful parks and some of the best architectural styles in the nation. The area is also stocked with both single family homes and condominiums, allowing people from all walks of life the ability to enjoy what Ramsey Hill has to offer.

One last real estate tidbit is that current inventory is down 26% for the area, good news for those wishing to make 2010 their year to sell. With a decreased number of homes on the market, buyer’s choices are limited, allowing current owners more opportunity to attract the perfect buyer.

Historic Home Market Update – Minneapolis

Tuesday, September 4th, 2007

This month I thought I would do a breakdown of Historic Home activity for the Minneapolis area. There are so many beautiful properties that have aged gracefully over the years, how can you not love them! All statistics are for homes built prior to 1920 and located only in Minneapolis.

$400,000-600,000 : The most active price bracket I researched, with 35 active listings and 8 pending homes. The most homes have also sold in 2007 in this bracket, currently at 62.

$600,000-800,000 : Currently there are almost the same amount of active and pendings (17), as there are solds for 2007 (19).

$800,000- $1 Million : So far this year, not too many homes have been listed in this price range, compared to others. Currently there are 8 active homes for sale, 4 pending, and 8 solds.

$1 Million – 3 Million : Surprisingly, those homes priced above $1 Million are selling very well in 2007. With 21 homes selling and 20 active, it appears to be a good price range to sell.

$3 Million + : Ok, so not too many historic homes sell for above $3 Million, but there are currently four homes for sale in this price range. The most expensive is priced at $5,750,000! No homes above three Million have sold so far in 2007.