Most observers would agree that this year's housing recovery was not as robust as many had hoped.
That said, a handful of things went right. Supply-side market correction took the guise of inventory declines and a pullback in listing activity. Consequently, sellers generally faced fewer challenges than in the past.
Driven by improvements in the economy and record-low mortgage rates, purchase demand strengthened organically, independent of government incentives.
Those sales gains dovetailed with falling inventories to move the market back toward balance. Nobody knows what 2012 will bring, but it's a safe bet that these positive developments will continue to evolve.
For the month of December: • Median Sales Price decreased 5.6% • Days on Market decreased 2.4% • Percent of Original List Price Received increased 1.8% to 90.6% • Months Supply of Inventory decreased 36.2% to 4.6
Edina shows a strong single family home market with hot demand for very few homes The Condominium market appears more balanced with a large inventory mainly surrounding the unique, ever growing, Southdale Shopping Center.
The Townhome market offers luxurious opportunities in the highly demanded Coventry community as well as close-in locations in West edina.
The Morningside Neighborhood is showing a booming interest with its proximity to Uptown Minneapolis and newly developed Grand & Excelsior neighborhood of St Louis Park.
For more information about specific Edina neighborhoods real estate markets, feel free to call Stephane @ 612-703-8229 or visit his website @ www.StephaneCattelin.com
ZIP Codes: 55416, 55410, 55424, 55435, 55436, 55439 Location Characteristics: With its award wining school district featuring the French immersion program of Normandale Elementary school, Edina remains THE Twin Cities close-in suburb to live in. From the historic Country Club neighborhood to the UpBeat Southdale shopping center district, Edina is the place for families to raise children, young executives to enjoy central location, empty nesters to appreciate prestigious neighborhoods.
About Stephane Cattelin:
A real estate professional, Stephane Cattelin provides exceptional service to home buyers and sellers in Minneapolis, South and Southwest, Edina, St. Louis Park, Richfield and Minnetonka. He specializes in residential properties for first time buyers, international transferees and relocation clients.
Stephane earned his master’s degree in France, majoring in hospitality industry management and marketing. He uses his award-winning customer service skills to help his real estate clients achieve a smooth transaction from contract to close. Stephane has experienced many personal moves; therefore he is empathetic to the stresses families encounter during a transition to a new home and works to make the experience a positive one.
Stephane combines traditional and high tech tools to market properties to the greatest number of potential buyers worldwide. With maximum internet exposure and target marketing strategies, Stephane works to sell your home for top dollar, in the shortest amount of time and with the least inconvenience to you.
Driven to provide exemplary customer service, Stephane can help you achieve your real estate goals.
Hear more about Stephane @ www.StephaneCattelin.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
