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Feel The VIBE

Written by Steve Anderson, Broker at VIBE Realty

The numbers for the first half of the year are officially in. Typically, in the Twin Cities, spring and fall are by far the two busiest seasons, but when COVID-19 became a factor back in March, we started to see it take its toll on the real estate market. So how did everything shake out? Although June has been stronger than usual, it didn’t quite make up for the lighter spring.

The general consensus seems to be that sellers were understandably hesitant to open their doors during the initial spread of the virus. As regulations started to loosen, homeowners became more comfortable with selling. And while the amount of new listings did go up slightly in a month where they would typically go down,

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In honor of the 4th of July, we’re reflecting on the joys of independence. Home ownership is considered by many as ‘The American Dream’ and there are dozens of reasons and benefits to owning your own home as opposed to renting. Most of those reasons come down to something we’re celebrating this weekend: freedom. Freedom from a landlord, freedom from design that you didn’t choose, and freedom from rent that gives you no equity. Here are 5 reasons why being a homeowner can grant you the independence that you may be looking for.

 

 

You Can Start Building Equity

Renting may come with less work upfront, but the reality is that your hard earned money is likely going toward someone else’s mortgage. That means you’re building their equity, rather

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Written by Steve Anderson, Broker at VIBE Realty

Spring Market 2020: Aggressive Buyers Make for Happy Sellers 

As spring’s real estate market tries to find its stride, May’s data suggests conditions remain very favorable for sellers, but mixed for buyers depending on price point and motivation. New Listings have seen a slight uptick, resulting in a much needed increase in inventory. This is good to see going into summer, as this is normally when inventory levels would start to dip following a strong spring.


However, even with more inventory, houses are selling at a historically fast pace with an average market time of just 16 days. This is making it even more competitive for buyers and is resulting in higher prices for sellers. While

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With Earth Day not far behind us, the buzz word is still going strong: sustainability. It's a movement that is becoming more accessible for us to achieve in different areas of our lives, and being in real estate, sustainability in the home is a topic we'd like to shed light on.

As a homeowner, you have options to make environmentally-conscious choices that not only make a contribution to improving the environment, but also can play a role in lowering the cost of running your home. Say what?! Yes, you can actually save money over time by making a few sustainable changes that can play into saving energy, water, and maintenance on systems and appliances. Here are some ways you can create a healthier environment for yourself and your family by bringing

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Merriam Park, midway between the downtowns of Minneapolis and Saint Paul, is an attractive neighborhood snuggled up to the bluffs overlooking the Mississippi River. With its historic homes and prime riverside location, we love this neighborhood for the ambiance alone. Merriam Park still has some of the largest concentrations of late-19th-century housing in the Twin Cities, and most homes are wood frame structures in the Queen Anne style. You won't be disappointed by a stroll down these quaint streets.

Though this neighborhood is nestled between the two skylines, nature is still accessible. You can hit up Merriam Park Recreation Center which has children's play areas and sports fields open to all, or hop on the trails along the river which are

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Written by Steve Anderson, Broker at VIBE Realty

We were very interested to see April's market update come in, as we knew the numbers would give us a lot of insight on how things drastically changed throughout the month. This was certainly the case with new listings, which were down by the thousands compared to 2019. Keep in mind too, that this year was trending higher than 2019 before COVID-19 hit. So what is the real gap there? Hard to say for sure, but I would estimate we should have been closer to 10,000 based on what was trending.

On the other hand, buyer demand seems to be almost alarmingly high. By combining the increased average sale price with the decreased days on market, houses are selling faster and for more money than we've seen

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Highland Park is a little slice of small town within the Twin Cities and typically has an abundance of quaint homes available on the market. From bungalows and cape cods to tudor-style houses, you're sure to find a single family home that suits your taste. This southwest corner of Saint Paul offers something for everyone, even during quarantine. Recreation is the name of the game with river trails and local parks that are perfect for spending time outdoors while isolating (because we all could use some fresh air and a nature fix as the weather starts to get nicer). 

There's even more to look forward to when the days of COVID-19 are behind us, from getting some swings in at the Highland Golf Course to hitting up a movie at the Historic Highland Theater.

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Twin Cities Inventory Report Info To Fuel Your Real Estate Decisions 

The market is changing, but not in all the ways you might think. Inventory remains very low, as do interest rates. Check out the reports below to get the latest scoop on today’s market.

 

Listings - How Many Are There?

Things are changing on a daily basis, which is why it’s important to stay up to speed on market inventory, and what’s happening in the listing world. The graph above shows the trend of listings since March, 1st. Just looking at the peaks throughout each week, you can see there has been an overall decline of homes to hit the market, especially when compared to 2019’s numbers. We will know more tomorrow when 4/17’s numbers are in, but it appears that this

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One thing’s for sure, we’re all missing the in-person connection with our friends, family and colleagues. But we’re also all learning ways technology can help us stay connected and be more productive in our work. That’s why we’re excited to roll out a slew of new ways we’re leveraging technology to help you with all your real estate needs while keeping everyone as safe as possible.

 

 

Whether you’re thinking of buying or selling, the first step is to connect. Just shoot us a call, text, or good old-fashioned email and we can set up a time to meet virtually on your favorite virtual platform such as FaceTime, Skype, Zoom, etc. Or we can simply do it by phone if that’s more comfortable for you.  

Then, for potential

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When the going gets tough...we play bingo. Saint Paul Downtown Alliance is gettin' creative and offering a chance for you to enter to win a $100 gift card to one of your favorite downtown Saint Paul locations by playing bingo and supporting small biz.

Complete a horizontal, vertical or diagonal bingo by spending $25 or more at downtown businesses. Submit receipts to emma.burns@stpdowntownalliance.org by May 31, 2020. Receipts can be dated back to March 12, 2020. Don't forget - call directly for takeout or delivery whenever possible and always tip your delivery drivers! More information here. Ready, set, BINGO... 

 

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