Craig and Susan Craig and Susan BlixrudBlixrud

Breakfast Club Craft Talk 2012

About Craig and SusanAbout Craig and Susan

Selling Residential Property since 1994 Over 600 Homes sold (Over $120M in MV) Have sold homes in over 40 metro communities We have sold 99% of our 240 + listings Coldwell Banker President’s Elite status (top 5%) Identified as Super Agents by MSP Magazine Owners and Investors ourselves Certified Distressed Property Experts

2012 RE Market Results2012 RE Market Results

Sales were 41,429 (up 8.2%) Median Sale Price was $150,00 (-11.7%) Average Sale Price was $193,450 (-8.5%) Average of 148 days on market (10.6%) Homes for Sale 12/31/2011 16,191 (-29%) Home Affordability index – 252 (9.2%) Rentals added to MLS system

More 2012 Results More 2012 Results

2011 Sales were 32% lower than 2004 peak 2011 ASP was 31% lower than 2006 peak Foreclosures/Short sales were 50% of sales,

in 2007 they were 10% Average price per square foot was $93 Average of 148 days on market up from 38

days in hot market

What is the good news?What is the good news?

Mortgage rates are the lowest in history! Traditional sale home prices are down only 14.1%

since 2007 74% of Americans still say owning a home is the

best long term investment they can make 70% of non-home owners say it is a goal to own a

home Job uncertainty and saving for a down payment

are the biggest barriers to buying a home

Reasons for OptimismReasons for Optimism

Unit sales have increased in spite of no governmental incentives

Many down payment incentive programs are available by cities/counties/agencies

Early foreclosed on sellers are now reentering the market as buyers

Twin City metro area is now classified as an “Improving Market”

Improving Job market is increasing the number of buyers

A look at Foreclosures/REO’sA look at Foreclosures/REO’s

100 homes in Neighborhood

70 are owner occupied 49 have a mortgage 5 are in trouble 2 of the 5 are REO’sIt used to be less than

one in a neighborhood!

Location, Location,and Location, Location,and Distressed SalesDistressed Sales

A sampling of % of sales that were Distressed sales

Minneapolis 44% Edina 17% St. Paul 53.4% Eden Prairie 35% Maple Grove 37% Wayzata 24% Elk River 71%

Fun FactsFun Facts

Highest price home sold in 2011 was $5,100,000 on Lake Minnetonka after 45 days. Taxes are $68,000 annually

290 homes sold over $1 million, 61 under $10,000 Lowest sale price was $3,100 in St.Paul after 431

days. Taxes are $1,058 333 homes were sold at auction (up 30% over

2010)

SummarySummary

Thank you for your past business How can we be of service to you? Who do you know that needs our help in

buying or selling a home? Referrals are greatly appreciated Pass along the Home Buying Seminar post

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