Tami and Steve's I-94 Minnesota Real Estate Blog: WHERE ARE THE BUYERS?

Saint Cloud, MN Real Estate | Tami DeLand and Steve Hansen
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Monday, April 04, 2011

WHERE ARE THE BUYERS?

FALLING IN LOVE WITH A HOME

This morning I received a thoughtful series of questions from one of our sellers.

"I’m curious what you are seeing right now on the buyers side. Are you seeing many buyers (especially in our price range)? Are the people out there ready to buy…or still looking? Just wondering if there are people out there ready to fall in love with our house."

The underlying concern this seller is expressing is shared by many sellers: Is there a ready, able and willing buyer available for my home. In a word, the answer is yes. Here is a quick look at the data.

The St. Cloud Area Market

I am using the Multiple Listing Service as my source of information with a focus on the St. Cloud area (St.Cloud, Sartell, Sauk Rapids, Waite Park and St. Joseph).

The first chart gives us the current number of homes on the market by one hundred thousand dollar price brackets. The highlighted bracket has the majority of homes offered (284 units). The average days on market for this bracket is only 144 days, but the cumulative days on market is a staggering 222 days or seven and a half months. Remember, an average reflects all homes on the market. It represents homes that today's buyers feel/think are over-priced and homes that are considered a 'deal' by today's buyers (properties that sell within 30 days). Also, we have short sales and foreclosures influencing the average days on market.

mls March data">

The second chart represents sales during the month of March in the same geographic area. Again, the 100 to 200 k price bracket has the greatest activity followed by the bracket beneath it. The lower brackets still make up the lion's share of the sales (66 in March).

mls Pending march">

Our Brokerage

I am always interested in the number of showings my listings are receiving and I like to compare that number to my company showings. During February, Coldwell Banker Burnet had 360 showings of CBB homes. This number increased by another forty showings during the month of March. This is Good News! Even though we set records for snow.

Better News! Sales production at Coldwell Banker Burnet doubled from February to March.

Tami and Steve Team

Best News! Our March showings (doubled), contracts written (eight in the last 10 days) and production (up 500%) all increased from February.

So yes, in a word, Spring Market is here. There are ready, able, and willing buyers that will fall in love with a home. Not as many in the higher price brackets, but there is movement at every price point.

367th Army TY">

---Tami DeLand and Steve HansenSaint Cloud and Central Minnesota REALTORSColdwell Banker Burnet(320) 258-6675---St. Cloud Real Estate, Condos, Homes for SaleCentral Minnesota Real Estate---

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# posted by Tami DeLand and Steve Hansen @ 11:33 AM

Comments:
Great info. Thank you Tami and Steve!
# posted by Blogger Ron : 2:42 PM CDT
 
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Tami DeLand and Steve Hansen Empowered to Exceed Your Expectations.
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3701 12th St. North, #203 Fax: (320) 258-6715
St. Cloud, MN 56303 Send Email to Tami and Steve
 
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Saint Cloud, MN Real Estate | Tami DeLand and Steve Hansen
About Tami DeLand and Steve Hansen's Saint Cloud and Central Minnesota, MN Real Estate Website: The www.I-94homes.com web site provides Saint Cloud, Waite Park, Sartell, Sauk Rapids, St. Joseph, Clearwater, Clear Lake, Avon, Albany, St. Augusta, Rockville, Coldspring, Righmond, Becker, Rice, Royalton, Little Falls, Monticello, St. Michael, Albertville, Rogers, Otsego, Maple Grove, Buffalo, Annanndale, Rockford, Corcoran, and Central Minnesota, Minnesota real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Saint Cloud and Central Minnesota area. Tami DeLand and Steve Hansen (sometimes misspelled as Tammy DiLand, Tammi Deeland, Steven Hanson or Stephen Hanson) have services to help you get the best value for your Saint Cloud and Central Minnesota home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with   Saint Cloud and Central Minnesota REALTORs who know  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Saint Cloud and Central Minnesota, MN, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Tami DeLand and Steve Hansen can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Tami and Steve speak  your language.
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