Lakeville, MN Real Estate News

Lakeville MN Homes $100,000 - $500,000 Instant Updates! MLS IDX * Search Like An Agent! MLS IDX Lakeville Homes, Foreclosures, and Real Estate Property Search! Click Lakeville Homes and Properties Instant Updates Incredible Historic Interest Rates Click Freddie Mac 30 Yr & 15 Yr Fixed Mortgage Rate Weekly Survey Results FHA 3.5% Down Financing Click FHA FAQ Click FHA 203k Streamline Rehab Loan Instant Updates No Sign-Up Schools Walk Score Go Green Remodeling Cost vs Value Market Data CD, REO, Short Sale Comfort Level High 25 Yrs Local Industry Experience Contact Information RES RealtyBob Elliot 12280 Nicollet AveBurnsville MN 55337612 578 6162More Listing InformationLakeville MN HomesEmail Me Information on this flyer is for informational purposes only.
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Large Lakeville Homes and Property Search Database! Instant Updates Search Like An Agent! MLS IDX Lakeville Homes, Foreclosures, and Real Estate Property Search! Click Lakeville Homes and Properties Search Database Instant Updates Incredible Historic Interest Rates Click Freddie Mac 30 Yr & 15 Yr Fixed Mortgage Rate Weekly Survey Results FHA 3.5% Down Financing Click FHA FAQ Click FHA 203k Streamline Rehab Loan Large Lakeville Search Database Instant Updates Fast and Easy No Sign-Up Contact Information RES RealtyBob Elliot 12280 Nicollet AveBurnsville MN 55337612 578 6162 Information on this flyer is for informational purposes only.
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By Shar Sitter, Home Staging and Redesign Minneapolis/ St. Paul, M
(Rooms With Style)
I always find it a little odd when someone is waiting for my parking space that is 20 feet closer to the door than the next parking space, and WE ARE AT THE GYM. Do you find that odd? Aren't they there for the exercise? I can understand if it is pouring rain, I can understand if it is 20 degrees below zero, which happens here in MN, but on a beautiful sunny summer day? It has happened twice this week. In fact 2 days ago I was standing on the passenger side of my car, reading my emails on my Blackberry (I don't text/email and drive) when I heard a honk, honk, honk. I ignored it for a bit assuming it had nothing to do with me but then it came again, honk, honk. I could tell it was close by so I looked. Low and behold there was a car waiting for my spot and honking at me to get me to leave...
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By Kenden Post
(Coldwell Banker Burnet)
The sales information is in for May 2010 home and property sales transactions for Lakeville and the data shows some promising trends. These numbers could be skewed because of the rush to close transactions before the end of the tax credit but we need to wait a few more months to see how the incentives really affected the real estate market. New listings were down 31% and closed sales were up 68%. Amazing. Median sales price stayed unchanged with average sales price going up 5%. Average days on market decreased 8% coming in at 126 days. Single family home inventory was down 17% and townhouse and condo inventory down 10%. Lakeville, MN     May     May     May      YTD     YTD       YTD Dakota County, MN 2009 2010   Change 2009 2010   Change New listings 149 103 -30.9 659 700 6.2 Closed Sa...
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By Barbara Charlton
(inactive - license is on ice with State of MN)
Let me start by saying that I've been around the "short sale" block many, many times by now, so this isn't my first rodeo. Today, I found a double-whammy in a deal I was trying to pull together for my buyer. But I am still shocked and amazed when I come face-to-face with outright fraud. Seems the seller had (count 'em):  not one, not two, but THREE mortgages and/or liens on his home. The listing agent had processed short sale offers with the 1st mortgage lender previously and had negotiated a price, and had even come to terms with the 2nd mortgage (who would get the traditional 10% pittance of what they are owed, but OK, that's the way that works). The fly in the ointment appears to be the 3rd lienholder, which has refused to settle for anything but being paid in full before they releas...
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By Shar Sitter, Home Staging and Redesign Minneapolis/ St. Paul, M
(Rooms With Style)
  I cannot believe I am actually sharing my favorite summer dessert recipe! If you ever are a guest at my home you may be served this dessert.   It takes only a small amount of time to prepare and is very impressive when served! I have had this recipe for over 30 years so I am sad to say I cannot give credit to the original creator of the recipe.   So, what goes better with summer than Ice Cream! There is never a bad time for ice cream, 3:00 AM when you cannot sleep is actually the perfect time.   This favorite summer dessert can be used at any function or event and it makes a large pan so you may have left overs for yourself which is even better.   Better than a trip to the local Ice Cream Shop:         Banana Split Dessert 1 1/2 cup graham cracker crumbs (I tend to use more for a thic...
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By Barbara Charlton
(inactive - license is on ice with State of MN)
The housing market is bustling in Lakeville, MN! The average home price in April is up 9% since last year ($249,811 this year vs. $221,903 in 2009). Homes are selling faster, too. The average days-on-market is only 119 days this year, compared to 141 days in 2009 (April year-to-date). What does all this mean? It means that homes in Lakeville, MN are selling faster, and are holding and/or improving in value. If you are a seller, your home may be worth more than you think. If you are a buyer, you can feel confident that Lakeville is a great place to invest in your home. Lakeville boasts one of the best school districts in the state, Lakeville ISD 194 (click here for reviews at GreatSchools.org), a great location near the interstate, one of the best park systems full of lakes, parks and re...
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By Barbara Charlton
(inactive - license is on ice with State of MN)
Lakeville ISD 194 in Lakeville, MN continued its reputation for excellence with a "Mock Crash" demonstration sponsored by Students Against Destructive Decisions. This past Tuesday morning at Lakeville North High School, the group presented the annual "mock crash" for 11th and 12th grade students, in coordination with the Lakeville Police and Fire Departments. These presentations alternate between the Lakeville North and Lakeville South High Schools to ensure that every Lakeville high school student can personally witness one of the dramatic reenactments of a fatal car crash involving teenage drivers and passengers. The students were visibly moved by the experience, according to the Lakeville Police Cheif Tom Vonhof. Officer Rick Bussler and LFD Firefighter Taber Akin narrated. It is an ...
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By Mike Carlier, More opinions than you want to hear about.
According to the Dakota County Community Development Agency, there is still funding available for their downpayment and closing cost assistance program, making home ownership a possibility for more residents.  There are a few broad qualification criteria, but they are not extremely prohibitive.  For instance, maximum annual income for a one or two person household is $83,900, and more for larger families.  This is an excellent way for a renter to move up to home ownership.  Depending on your income and the price of the home purchase, as much as $10,000 may be available to you.  For more information, contact Dakota County CDA.  For information on available homes, call me at 612-916-3033.  This is a great opportunity for a Lakeville renter to become a Lakeville homeowner.
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By Mike Carlier, More opinions than you want to hear about.
This is a great time to buy, maybe. There is an $8,000 first time buyer tax credit waiting for just about everybody who doesn’t already own a home. Dakota County’s first time homebuyer’s assistance plan will help you make up to half of your downpayment and closing costs when you buy your first home inLakeville. Interest rates couldn’t be lower and can only go up from here. Home prices are near bottom. You have to buy now, maybe. Buy if you can, but don’t be reckless. Don’t let all the incentives fog the lens and lead you into a bad decision. It’s a lot harder to buy a home you can’t afford today than a few years ago. However, it’s possibly easier to buy the wrong home today. There are two final criteria that I try to get all my clients to consider before buying. No matter how long you p...
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By Barbara Charlton
(inactive - license is on ice with State of MN)
This is a tale with winners all around, and of my unending gratitude for the trust and confidence my clients place in me. Last Christmas I met a lovely woman who had been trying to sell her townhome for a year. Her listing was almost expired, and she was moving out of state for her job. But the idea of paying for two homes at once was more than she could stomach.  After looking at market prices, it was obvious that she needed to sell for more than her home was worth. After reviewing her financial situation, she was not a good short sale candidate. So we determined that she would rent it out. And who knows? She might decide to move back here in a few years, and she'd have her house right there waiting for her. Fast forward to February, when another friend called to say she had to sell he...
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By Mike Carlier, More opinions than you want to hear about.
Down payment assistance is available for first time Lakeville home buyers and others who have not owned a home for at least three years. This program is made available through the Dakota County Community Development Agency, and it provides financial resources to make your home purchase successful. The program is not available to everyone. There are credit score and maximum income requirements, and there is a mandatory attendance in the Homestretch Homebuyer Education Program. Topics covered include: Budgeting and Credit Issues, Financing and Qualifying for a Home, Shopping for a Home, The Purchase Process, Closing on a Home and Life as a Homeowner. It is a worthwhile effort and I recommend it to all prospective home buyers. If you are thinking about buying a home in the next year, it's ...
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By Barbara Charlton
(inactive - license is on ice with State of MN)
This morning I am getting off to a slow start. I was out fairly late last evening, talking through some options for a young couple who wants to move and is $49,000 upside down in their home (luckily they do have options). There are important things I wanted to do before I leave for showings: I wanted to work out, update a market analysis, set up showings for tomorrow, and figure out some more numbers for the couple who is "under water" on their mortgage. So here I am, already running late before I even start, and my cat Max decides that now -- right now-- is an ideal opportunity to spend quality time with me.  He doesn't always want attention, but when he does, it's now.  Max will walk across my keyboard, head-butt my hand as I click the mouse, or lay on my desk and lick my arm until I ...
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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 Lakeville 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 tec...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Lakeville MN October 09 home sales; Lakeville, MN Oct. Oct Oct Entire Year Entire Year Entire Year Dakota County 2008 2009 Change 2008 2009 Change New Listings 128 100 -21.9 1453 1262 -13.1 Closed Sales 53 64 20.8 598 605 1.2 Median Sales Price 277000 222000 -19.9 257900 224638 -12.9 Avg.Sales Price 289492 233809 -19.2 289060 241580 -16.4 % of original list price 92.4 94.3 2 93.6 93.6 -0.1 Avg. DOM 144 134 -6.8 130 140 7.9 Single family inventory 371 260 -29.9       T/H-Condo Inventory 119 124 4.2         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 are the...
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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 Lakeville Minnesota; Lakeville Minnesota L/M L/M L/M Traditional Traditonal Traditional Dakota County Oct-08 Oct-09 % Change Oct-08 Oct-09 % Change Inventory of homes for sale 106 104 -1.9 380 285 -25 Months supply of inventory 8.4 4.3 -48.9 9.4 7.9 -15.6   10/07-9/08 10/08-9/09 %Change 10/07-9/08 10/08-9/09 % Change New Listings 346 393 13.6 1253 1009 -19.5 Closed Sales 144 247 71.5 523 425 -18.7 Median Sales Price 204500 178000 3-Jan 276605 250250 -9.5 Median Price per sq.ft. 100 89 -10.6 121 112 -7.3 % of original list price 91.7 91.9 0.3 94.1 93.7 -0.4 Days on Market until sold 143 153 6.8 129 138 7.2               L/M=Lender Mediated             Lak...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Lakeville, MN. September 2009 home sales; Lakeville, Minnesota Sept. Sept. Sept. Entire Year Entire Year Entire Year Dakota County, Minnesota 2008 2009   Change 2008 2009   Change New listings 144 118 -18.1 1325 1160 -12.5 Closed Sales 57 71 24.6 545 538 -1.3 Median Sales Price 210900 227450 7.8 255000 224900 -11.8 Avg. Sales Price 240,568 251222 4.4 289019 242786 -16 % of orginal list pirce received 97 94.8 -2.1 93.8 93.5 -0.3 Avg. Days of Market  132 145 10 128 141 9.5 Single-family detached inventory 371 261 -29.6       Townhouse-condo inventory 131 129 -1.5         If you have any questions about this information on home sales for Lakeville, Minnesota please feel free to contact me. Kenden Post-CDPE, ePro Coldwell Banker Burnet-Apple Valley, Minnesota ...
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My family moved recently. We moved from Burnsville to Lakeville. Not far I know, but interesting nonetheless. See, I never sold my "own" property before just other people's. That's because the last time I bought (in 1997) and sold (in 2001), I hired a realtor. This time I WAS the Realtor! (I got licensed in 2002.) Back then the market was really soaring. Multiple offers were the norm, obtaining financing was so easy, days on market were shorter, and yearly appreciation was about 8% in Dakota County. Now the market is quite different.  So why did I choose to sell AND BUY in this market? Three reasons: First, I believe in home ownership. Owning a home has given my family privacy, space, a sense of independence and pride, tax benefits, and a safe place to rest our heads and entertain famil...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Lakeville, MN. June 2009 home sales; Lakeville, MN June June June Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2008 2009   Change New listings 120 146 21.7 922 805 -12.7 Closed Sales 80 87 8.7 340 301 -11.5 Median Sales Price 280000 238000 -15 259500 224188 -13.6 Avg. Sales Price 292,141 250791 -14.2 294795 238141 -19.2 % of orginal list pirce received 96 94.3 -1.2 93.6 92.6 -1.1 Avg. Days of Market  122 136 11.8 27 146 9.1 Single-family detached inventory 385 310 -19.5       Townhouse-condo inventory 144 110 -23.6         If you have any questions about this information on home sales for Lakeville, MN. please feel free to contact me. Kenden Post Coldwell Banker Burnet-Apple Valley www.OurFirstMinnesotaHome.com Kenden@KendenPost...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final numbers for Lakeville, MN. March 2009 home sales; Lakeville, MN March March March Entire Year Entire Year Entire Year Dakota County, MN 2008 2009   Change 2008 2009   Change New listings 166 212 -27.1 475 385 -18.9 Closed Sales 50 52 4 140 106 -24.3 Median Sales Price 286000 216500 -24.3 257962 191000 -26 Avg. Sales Price 301,719 234815 -22.2 291065 230024 -21 % of orginal list pirce received 92 92.1 -0.2 92.1 90.4 -1.8 Avg. Days of Market  124 147 18.5 119 146 22.6 Single-family detached inventory 401 313 -21.9       Townhouse-condo inventory 149 115 -22.8         If you have any questions about this information on home sales for Lakeville, 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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