HAPPY NEW YEAR!
We hope you and your family enjoyed the holidays and had a wonderful year!
Although this is a perfect time to celebrate the New Year, it's also a great time to reflect and appreciate the past. And we want you to know that we appreciate YOU and all your past business.
2011 presented many challenges in the real estate market, but we are happy to report that the Tami and Steve team remained #1 at Coldwell Banker Burnet-St. Cloud and are still top producers and listers in all of central Minnesota. We have our many satisfied clients and friends--like you--to thank for that success!
An update for you on 2011:
• 1062 homes sold in the St. Cloud area last year: an 8% increase in sales over 2010.
• There were fewer homes on than market from the previous year, with inventory down 9%. (Good news for sellers!)
• The average sales price on non-foreclosed homes increased by 2% for the first time since 2006. This is good news for the owners of healthy homes and looks to be an indicator that we have seen the "bottom" of the market.
Looking ahead to 2012:
• Lawrence Yun, the chief economist for the National Association of Realtors, reports: "Housing affordability conditions are at a record high and there is plenty of pent-up demand from buyers." In the St. Cloud area, we have a 5 year low inventory in the housing market, which, as Yun states, "is great for sellers who want to sell their home; buyers will be out in droves waiting for their dream home to come on the market."
• An example of this pent-up activity can be seen in the number of showings being conducted at this time compared to last year. In our brokerage within the last three weeks, showings have, at times, nearly doubled from those in 2010--and that is with fewer homes on the market!
• All of this is good news for homeowners ready to sell. Spring market is here!
We wish you the very best in 2012 and look forward to a spectacular year!
As always, you are our best "advertising." Please let your friends, family, co-workers and neighbors know that we would love to have the opportunity to assist them in their real estate needs.
Tami and Steve
P.S. We are receiving a lot of questions about 2012 tax assessments. Please be assured that it is unlikely that your house dropped the 20-40 thousand dollars or more that you may see reflected on your statement. The Homestead Tax Credit was abolished by the Minnesota legislature in 2011, and in order to offset that credit, they dropped most tax values. This is NOT a reflection of the actual market value of your home. If you have further questions, call us. We would be happy to prepare a complimentary Market Analysis to determine your true market value.
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Tami DeLand and Steve HansenSt. Cloud MN and Central Minnesota REALTORS
Coldwell Banker Burnet
(320) 258-6675
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St. Cloud Real Estate, Condos, Homes for SaleCentral Minnesota Real Estate---
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