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Farmington, MN Real Estate News

By Mike Carlier, More opinions than you want to hear about.
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.   Just about everybody knows that there are a lot more homes for sale in Farmington than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. If you have tried to sell your home and came up with nothing but an expired listing contract, you probably need our help. All members of our group are licensed real estate professionals with years of experience in cross-industry te...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final sales numbers for Farmington Minnesota October 09 home sales; Farmington, MN Oct. Oct Oct Entire Year Entire Year Entire Year Dakota County 2008 2009 Change 2008 2009 Change New Listings 69 59 -14.5 894 725 -18.9 Closed Sales 34 51 50 351 375 6.8 Median Sales Price 174445 164000 -6 200000 176000 -12 Avg.Sales Price 189456 176843 -6.7 210741 183121 -13.1 % of original list price 92.4 98.7 6.8 931 92.6 -0.5 Avg. DOM 142 88 -37.7 147 147 -0.3 Single family inventory 209 159 -23.9       T/H-Condo Inventory 87 46 -47.1         Kenden Post-CDPE, SFR, ePro Coldwell Banker Burnet-Apple Valley, Minnesota www.OurFirstMinnesotaHome.com Kenden@KendenPost.com (o)952-997-1960, (f)952-997-8810, (c)612-310-6304        Do you know anyone facing foreclosure? You do have options.  We ar...
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Here are the final sales numbers for short sales, foreclosures, lender mediated, and traditional listings for the 3rd quarter 2009 for Farmington Minnesota; Farmington Minnesota L/M L/M L/M Traditional Traditonal Traditional Dakota County Oct-09 Oct-09 % Change Oct-09 Oct-09 % Change Inventory of homes for sale 107 107 0 228 145 -36.4 Months supply of inventory 8.9 4.7 -47.2 10.1 7.1 -29.7   10/07-9/08 10/08-9/09 %Change 10/07-9/08 10/08-9/09 % Change New Listings 283 365 29 805 515 -36 Closed Sales 119 194 63 278 233 -16.2 Median Sales Price 168200 150000 -10.8 219450 197000 -10.2 Median Price per sq.ft. 99 83 -16.5 115 103 -10.5 % of original list price 90.3 91.6 1.4 94.7 92.1 -2.7 Days on Market until sold 135 134 -0.4 144 163 13.1               L/M=Lender Mediated             Farmin...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Farmington, MN. September 2009 home sales; Farmington, MN Sept. Sept. Sept. Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2008 2009   Change New listings 78 61 -21.8 825 666 -19.3 Closed Sales 36 48 33.3 317 322 1.6 Median Sales Price 187450 174200 -7.1 201606 179950 -10.7 Avg. Sales Price 201,783 188209 -6.7 213024 184741 -13.3 % of orginal list pirce received 94 93.4 -0.4 93.1 91.7 -1.6 Avg. Days of Market  174 189 8.7 148 156 5.7 Single-family detached inventory 216 160 -25.9       Townhouse-condo inventory 102 50 -51         If you have any questions about this information on home sales for Farmington, Minnesota please feel free to contact me. Kenden Post-CDPE, ePro Coldwell Banker Burnet-Apple Valley www.OurFirstMinnesotaHom...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Farmington, MN. June 2009 home sales; Farmington, MN June June June Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2008 2009   Change New listings 110 91 -17.3 591 452 -23.5 Closed Sales 45 41 -8.9 195 194 0.5 Median Sales Price 210000 169500 -19.3 209900 179500 -14.5 Avg. Sales Price 216,866 171092 -21.1 216419 180817 -16.5 % of orginal list pirce received 93 93.5 0.5 92.1 90.4 -1.8 Avg. Days of Market  174 147 -15.2 157 146 -7 Single-family detached inventory 250 189 -24.4       Townhouse-condo inventory 115 58 -49.9         If you have any questions about this information on home sales for Farmington, MN. please feel free to contact me. Kenden Post Coldwell Banker Burnet-Apple Valley www.OurFirstMinnesotaHome.com Kenden@KendenP...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Farmington, MN. March 2009 home sales; Farmington, MN March March March Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2008 2009   Change New listings 95 75 -21.1 286 219 -23.4 Closed Sales 34 25 -26.5 72 70 -2.8 Median Sales Price 218000 170000 -22 195180 188605 -3.4 Avg. Sales Price 226,410 169814 -25 213284 185790 -12.9 % of orginal list pirce received 88 87.5 -0.4 90.7 87.5 -3.5 Avg. Days of Market  130 193 47.9 146 167 14.3 Single-family detached inventory 253 181 -28.5       Townhouse-condo inventory 105 77 -26.7         If you have any questions about this information on home sales for Farmington, MN. please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.com Kenden@K...
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By Kenden Post
(Coldwell Banker Burnet)
 Here are the final numbers for Farmington, MN. February 2009 home sales; Farmington, MN February February February Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2008 2009   Change New listings 105 77 -26.7 191 144 -24.6 Closed Sales 23 29 26.1 38 44 15.8 Median Sales Price 181000 218000 20.4 185181 201250 8.7 Avg. Sales Price 193,365 193704 0.2 201539 196250 -2.6 % of orginal list pirce received 93 89.1 -4.4 93.3 87.9 -5.7 Avg. Days of Market  140 148 6.3 159 152 -4.9 Single-family detached inventory 257 173 -32.7       Townhouse-condo inventory 106 80 -24.5         If you have any questions about this information on home sales for Farmington, MN. please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.c...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Farmington, MN January 2009 home sales; Farmington, MN January January January Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2007 2008   Change New listings 57 43 -24.6 1146 989 -13.7 Closed Sales 14 27 92.9 431 398 -7.7 Median Sales Price 232807 187622 -19.4 234374 207250 -11.6 Avg. Sales Price 208,500 167410 -197 224000 195180 -12.9 % of orginal list pirce received 92 89.1 -3.2 95.3 92.7 -2.7 Avg. Days of Market  142 129 -9.2 134 145 8 Single-family detached inventory 235 176 -25.1       Townhouse-condo inventory 82 73 -11         If you have any questions about this information on home sales for Farmington, MN. please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.com K...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Farmington, MN home sales for December and year 2008. Farmington, MN December December December Entire Year Entire Year Entire Year Dakota County, MN 2007 2008   Change 2007 2008   Change New listings 57 43 -24.6 1146 989 -13.7 Closed Sales 14 27 92.9 431 398 -7.7 Avg. Sales Price 232,807 187,622 -19.4 234,374 207,250 -11.6 % of orginal list pirce received 92 89.1 -3.2 95.3 92.7 -2.7 Avg. Days of Market  142 129 -9.2 134 145 8 Single-family detached inventory 235 176 -25.1       Townhouse-condo inventory 82 235 186.6         If you have any questions about this information on home sales for Farmington, MN. please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.com Kenden@KendenPost.com (o)952-997-196...
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
The other day we got a misty snow early in the morning which coated the trees with glimmering snow. As the sun was rising, I decided to turn down a rural lane on the way from dropping my son off at pre-school and take some shots.          
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By Janie Tutewohl
(Keller Williams Preferred)
Born and raised in Farmington, MN I still live here and do the majority of my business here.  I have been licensed and actively selling real estate here in Dakota County since 1990 and offer professional, real estate services here for Residential, Farm, Hobby Farm, vacant land and townhomes and condominium properties.  I specialize in the Dakota County and surrounding areas and have experience with land sales, new construction, 1st time buyers and have worked with many Senior Citizens in the community, as well.  I am active in the Farmington Rotary Club, the Tiger Fan Club (boosters) and the Dakota Regional Chamber of Commerce.  I am currently Secretary for the Southern Twin Cities Association of Realtors and spent the past 3 years as a Director on their Board.  I also serve the Realtor...
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By Kenden Post
(Coldwell Banker Burnet)
 Here is the information for home sales in Farmington, MN. for the month of September 2008; Farmington, MN   September         YTD   Dakota County 2007 2008   Change 2007 2008   Change New listings 65 78 20 935 830 -11.2 Closed sales 38 34 -10.5 346 293 -15.3 Avg. sales price 224799 204702 -8.9 234607 213411 -9 % of original list price  94 94.1 0.1 95.6 93.2 -2.6 Avg. days on market 143 179 25 136 148 9.3 Single family inventory 274 208 -24.1       T/H-Condo inventory 72 100 38.9         If you have any questions about this information please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.com Kenden@KendenPost.com www.MnShortSalesExpert.com (o)952-997-1960, (f)651-209-0989 Statistics courtesy of Minneapolis Association of Realtors
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
It's migration season right now in Minnesota. Is it any wonder that water fowl love breeding here, what with all the lakes we have in the state? So far this last week, I have seen various species of ducks, geese, and cranes. Below are two that have visited our pond just in the last few days. Hooded Merganser         Wood Duck         One of the things I most love about Minnesota is the attention to nature. Throughout Minnesota you will find natural preserves, lakes and ponds, walking trails, bird clubs, and more. The wildlife does help out by showing up, but it is really great to live in an area where I can educate my kids about animals, nature, and protecting the environment.
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
As some of you know who might read my other blog, we recently moved into our new home we had built. We were lucky to buy one of the last lots, so the builder was giving away some great incentives to close out the subdivision.This past week, two homes have gone up for sale in the neighborhood, and both are priced differently. The neighborhood is only two years old, so these are two of the first homes to be resold.   the first home is on a flat lot and was bought for $280,000 a year ago. They are now asking $300,000 for the home, but have also finished the basement. I viewed the home two weekends ago with a client, and thought that the asking price was very fair to the current market. the second home just went active a couple days ago at a price of $380,000, which is the exact same price ...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the figures for February home sales in Farmington, MN;Farmington, MNFebruaryFebruaryFebruaryYear to DateYear to DateYear to DateDakota County, MN20072008   Change20072008   ChangeNew Listings991067.1210192-8.6Closed Sales2421-12.55535-36.4Avg. Sales Price$248,279 187,180-25$241,977 $199,354 -17.6% of original list price received at sale95.392.2-3.394.692.5-2.2Avg days of market until sale160141-11.91591696.3Single family detached inventory21924511.9Townhouse-condo inventory789926.9 If you have any questions please feel free to contact us.Kenden Post-The Ketterling GroupRHS Realty-Apple Valleyhttp://www.kendenpost.com/Kenden@KendenPost.com952-997-1960Know someone that is facing foreclosure? Visit http://www.rhsrealty911.com/ for information.Information courtesy of the Southern T...
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
            Today is the first day of Spring and mother nature thought it would be funny to play a practical joke on us Minnesotans. Now, I knew it was suppose to snow starting last night, but I really didn't believe it was going to happen. After all, it is officially Spring and all. But I had the pleasure of waking up this morning to six inches of snow...and it is still coming down.  Huge flakes that look like they are on loan from Colorado.If you move to Minnesota, expect things like this to happen. While it is beautiful to see, it can be a little disappointing when you are itching to start spring plantings. But the kids LOVE it....call it a late snow day and some time out of school. **Note: There have been at least two more inches dropped since I took this photo**
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By Kenden Post
(Coldwell Banker Burnet)
Here is the sales information for Farmington for December sales;Farmington  DecemberDecemberDecember    YTD    YTD    YTDDakota County MN.2006 2007 % Change2006 2007 % ChangeNew Listings53 58 9 1283 1157 (10)Closed Sales22 11 (50)516 393 (24)Avg. Sales Price234210 241936 3 244562 233612 (5)% of original list price at close98 92 (6)98 95 (2)Avg. Days on market until sold117 164 40       NA143        NASingle family detached inventory195 227 16        -         -        -Townhome/condo inventory112 69 (38)       -         -        - If you have any questions on this information please feel free to contact us.Kenden Post-The Ketterling GroupRHS Realty-Apple Valleyhttp://www.kendenpost.com/Kenden@KendenPost.com952-997-1960Do you know someone that is behind on their mortgage payments but nee...
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By Stephanie Sims
(Exit Realty)
Beautiful 3 bedroom 2 bath home that has been completely remodeled inside and out.  Updated Kitchen and Baths, New Carpet, Finished Basement that would be great for Entertainment Room.  Great location right off HWY 3 and all bedrooms on main floor. List Price is 234,000.For More Info Click Here     Contact Info stephanie sims Dir 6125900134Email  
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By Kenden Post
(Coldwell Banker Burnet)
The following information is for Farmington real estate transactions for the month of November;Farmington  November November November    YTD    YTD    YTDDakota County Minnesota2006 2007 % Change2006 2007 % ChangeNew Listings48 72 50 1230 1099 (11)Closed Sales31 24 (23)494 382 (23)Avg. Sales Price253732 229586 (10)245024 233371 (5)% of original list price at close97 95 (2)98 95 (2)Avg. Days on market until sold161 139 (14)      NA142        NASingle family detached inventory195 244 25        -         -        -Townhome/condo inventory63 67 6        -         -        - If you have any questions on this information please feel free to contact us.Kenden PostRHS Realty-Ketterling Group952-997-1960www.KendenPost.comKenden@KendenPost.comInformation provided by the Minneapolis Assocation of ...
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Farmington, MN Real Estate Professionals