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logoRHart
612-250-0119
Coldwell Banker Burnet Edina Regional Office
7550 France Ave. S.
Edina, MN

CBBurnet is operated by a subsidiary of NRT LLC.
Rose Hart is licensed in MN


Housing Market Data
January

"Median sales price for the metro increased 12.4 percent to $179,900, marking a 23rd straight month of year-over-year median price gains.

Last January, foreclosures and short sales comprised 42.2 percent of all closed sales. In January 2014, these segments made up 29.4 percent of all sales."*

*Minneapolis Area Association of Realtors
www.mplsrealtor.com


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Rose Hart, Realtor Copyright, Rose Hart, 2014

Rose Hart'sOUTSIDE

March 20: First Day of Spring

At this point all we're wishing for is a week to go by without a Winter Storm Warning, a blizzard, frozen pipes, or a school closing. This persistence of the Polar Vortex is like a vacuum cleaner that sucks even the routine out of routine. A simple thing like getting dressed to walk the dog takes longer than it's tolerable to be out there walking the little pooch.

It's as if we've become like that symbol of the 21st Century- the cell phone. At 23 degrees our batteries get temperamental. At 14 degrees some models shut down. At minus 4 Smart Phones stop working, and at minus 31 degrees all cellular phones quit. The only way to keep operating is under layers of clothing.

The bright spot is that we now have about two hours more daylight than at the December solstice, a sure indication that Spring will arrive someday- and the grass will never smell sweeter!

This Spring, the Twin Cities Real Estate market is expected to be very energetic because the regional unemployment is comparatively low and mortgage rates remain affordable at 4.45%. Although the January market figures exhibited Polar Vortex sluggishness, the appearance of improvement in the housing market is undeniable. This Spring may be a sellers market because New Listings and Time on Market have decreased, and Percent of Asking Price and Median Price are both trending upward.


WINTER PARKING RESTRICTIONS
As of Saturday, March 1, Winter Parking Restrictions are in effect for both Minneapolis and St. Paul. Parking is permitted only on the odd side of residential streets. There are exceptions to the Restrictions, see
http://www.ci.minneapolis.mn.us/snow/snow and http://www.startribune.com/local/east/247638011.html


Rose Hart is a licensed RealtorŪ and can help you with the many details of home buying and selling. Call her at 612-250-0119, or email her at rhart@cbburnet.com.