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Spring 2012 Market Update
Buyers have a tremendous opportunity in todays real estate market! The housing Affordability Index is giving buyers tremendous buying power that we haven’t seen in many years!
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| Average Home Price | $225,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $500,000 - $549,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Waconia is | Increasing |
| Seller Activity for the past 90 days in Waconia is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | The majority of the multiple offers seem to be on the distressed properties. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | The Waconia area has a great financing produc known as Rural Development financing that allows for ’zero’ down payment from the buyer! |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Waconia like many other communities in the Twin Cities area continues to see more homes for sale than there are buyers for. This has created some very good opportunities for buyers, many choices and great interest rates! |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Minneapolis |
| Housing Hot Spots | Waconia, Victoria, Chaska St. Boni and Cologne |
| Average Sold Price | $225,000 - View Graph Trend |
Waconia Local News
News for Waconia, MN - March 13th, 2011 11:37am
Here's the latest real esate info for the Waconia area! As of 3/13/11 NEW Listings are down approximately 34% compared to this same time last year. We have seen 50 New listings come on the market this year compared to 76 at this time last year. So far Year To Date there have been approximately 20 closed transactions in Waconia. This number is sure to change quickly in the coming months, along with inventory levels, as sellers are busy preparing their homes for sale! Distressed sales continue to account for about 35% of the sales and listings. Visit www.JeffSchulzTeam.com to see ALL the listings in Waconia!
News for Waconia, MN - March 13th, 2011 11:36am
Here's the latest real esate info for the Waconia area! As of 3/13/11 NEW Listings are down approximately 34% compared to this same time last year. We have seen 50 New listings come on the market this year compared to 76 at this time last year. So far Year To Date there have been approximately 20 closed transactions in Waconia. This number is sure to change quickly in the coming months, along with inventory levels, as sellers are busy preparing their homes for sale! Distressed sales continue to account for about 35% of the sales and listings.
Waconia MN Housing Market update - December 14th, 2010 8:57am
As of 12/14/10 the Waconia Real Estate Market has 99 Active homes for sale, this is the least amount year to date. In the month of November 2010 there were 13 New listings, compared to 20 last year in November. So far in 2010 Waconia has seen 159 Homes sold, compared to 154 in 2009 through November, that's a 3% increase. The average sale price actually increased slightly compared to last year, $212,000 compared to $200,000 in 2009 through the month of November. Inventory levels should continue to stay at lower levels until after the 1st of the year.
News for Waconia, MN - June 16th, 2010 7:26pm
Mortgage rates are still at a historical low. Freddie Mac released results of its Primary Mortgage Market Survey a few days ago and found the 30-year fixed-rate mortgage averaged 4.72 percent and the 15-year fixed-rate mortgage averaged 4.17 percent. The 15 year rate has not been any lower than this since Freddie started tracking them in 1991.
Call me for more information and to discuss if now is the time to buy.
Contact Information
Jeff Schulz
612-709-4737
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Jeff Schulz
RE/MAX Advantage Plus
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 612-709-4737
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