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February 12, 2012

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  CONDITIONS™
By Local Real Estate Experts  



Market Conditions for Maple Grove, Minnesota

Reported by Mark Claessens, REALTOR, e-PRO, NHSS

Updated January 11, 2012.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 4




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Falling

Rising

The city of Maple Grove is the home of famed Wayzata #284 school district, which is one of the highest ranking school districts in this state and why many families desire to live here. Being one of the fastest growing communities in the metro area, the real estate market in Maple Grove is a very hot one. You will find a lot of upper bracket homes and one of the largest inventories of town homes in the city.

The average sales price over the last 12 months was $396,314 (up 9% from the previous 12 months) for an average of 64.4 days on the market. The better news - if you are thinking of selling your home - is that these sellers received on the average of 99% of their asking price! If you have any questions about why this happens, you are welcome to contact me and I will be happy to share this information with you.

Just know that this market here is still toughly competitive and strong towards the buyers. About 47% of the homes actually sell, which is better than many other areas. However the sellers - if aggressively priced - are experiencing below-average market times. But if you are in MG and trying to "push the envelope" for an extra $20,000 above the true market value of your home, you will be passed by because are a lot of homes for sale here and not enough buyers to purchase all of them. The buyers have a nice advantage because the home prices are not increasing substantially since the general sales curve in the city has slowed down a bit. Yet with a 6% appreciation factor, the investment in Maple Grove is strong. Again, you need to have a SOLID market evaluation and hold your selling price to this amount.

If you would like a free, no-obligation market analysis done for you by a truly knowledgeable and competent realtor . . . just call me!

ZIP Codes: 55369, 55311

Location Characteristics: The city of Maple Grove has a population of approximately 56,000 and sits in the north central portion of Hennepin County where I-494, I-694 and I-94 converge. Downtown Minneapolis? Only 20 minutes if you’re not in rush hour! For more information on the city of Maple Grove you can visit this site: www.ci.maple-grove.mn.us .

For More Information:

View Market Conditions of other areas served by Mark Claessens

Navigate: Top > Minnesota > Maple Grove

About Mark Claessens:
Meet the Real Mark Claessens . . .

I have been buying and selling real estate with Edina Realty since 2002. After you let me share with you about my background in business and a little about my self, you will see why I am very confident that you would love to work with a real estate professional like me.

I currently live in the northern suburbs of the Twin Cities and was born and raised here also. I LOVE Minnesota. Although I have had the opportunity to have three jobs during my lifetime, I have essentially been in business for myself since the age of 10, when I started up my first business selling seeds door-to-door. That led to a paper route and many more opportunities. I went to a major university and received a degree in psychology and biblical studies, along with a minor in Spanish. Eventually I got into sales (in the “real” world) and started my own wholesale distribution company. This later developed into art-related products and eventually a full-fledged retail fine art gallery and custom framing shop. I spent 17 years building up this business and finally chose to sell it back in 2002 in order to fulfill my lifelong dream of being what I am today: a real estate professional.

During the time I owned the art gallery and frame shop (which is still in operation today under the same name that I started it as), I actually started two other businesses – both involving sales once again. One of these businesses really took off and I worked my way up into a top-ranking sales position that pushed me into the top ½ of 1% in their entire international organization. I then became one of their national speakers and traveled throughout the entire United States with this company.

Aside from all the advanced sales training over the years, I have completed a lot of training in the real estate arena. One specialty area is that of technology. I received my e-Pro designation right away after passing this course. As a graduate of this course I am one of less than 7000 agents (out of over 1 million) in the U.S. that have shown a high level of expertise in the training and use of all the latest cutting-edge technological advances that are available to me in real estate. This will make my relationship and communication with you much more efficient.

I would have to say that my years of hands-on experience starting and running my previous businesses has set the stage and prepared me for this career. I always wondered what I would do with all of my experience in starting up companies, running an office, legal challenges, hiring/firing, accounting/banking, shipping, receiving, ordering product, marketing, and customer service . . . if I ever did something else. Since my only other dream was to buy and sell real estate – and I am finally doing that - I can only thank God from the depths of my heart for all the years of learning and experience that have launched me into this wonderful place.

I LOVE THIS BUSINESS and am doing very, very well. In 2004 I finished in the top 15% of the Edina Realty agents. I can honestly say that it was not the least bit difficult to get started in real estate. Yes, many try and fail . . . especially in the first year. But I am here with the largest and finest real estate company (Edina Realty) and will be here until I take my very last breath.

There are three distinguishing factors that separate me from my colleagues and the other companies out there. The first is communication. Based on current statistics, over 85% of buyers and sellers chose to switch agents after their previous transaction. The reason? Lack of communication from their agent. I made the decision when I got in this business that I would be different than 85% of the other real estate professionals by simply making a firm commitment to have honest and regular communication with my clients and actually listen to their needs. I believe that I do this well.

The second thing that separates me from my colleagues is the use of effective technology and cutting edge systems that make the process of buying or selling real estate more simplified and enjoyable. Because of my technological training and the tools available through Edina Realty I can do things for my clients that the competition can only dream about. And that is a fact.

The third is experience. Not only am I widely experienced in the business world in general, but even in the real estate world. Most agents are good at showing houses to buyers, and most can get a sign in the yard and try to sell one. I have, however, made myself dig into a lot of other areas and gain more expertise. I have now had the experience of not only helping buyers and sellers with residential homes, but also been successful with buying and selling vacant lots, foreclosures, multi-family housing, investment properties, ranches, new construction, commercial properties and large tracts of vacant land. So, no matter what your interest level is, I have experience in that area and know what I am doing.

In conclusion let me say that my goal is to completely dedicate myself to the needs of my clients and deliver to them exactly what they are looking for whether it be buying or selling real estate, and whether that involves residential, commercial, multi-family, vacant land or investment properties. I will not allow the issues of money or time get in the way of satisfying my clients.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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