November 2021 RSS Feed

This month our neighborhood spotlight is focusing on an entirely new neighborhood that is being constructed in Saint Paul! The Highland Bridge project spans over 100 acres just south of Highland Park, in the area that was formerly home to Ford Motor Company’s Twin Cities assembly plant.

With construction well underway, you can head to their website to really dig into all the planning, their project partners, and an interactive aerial map of the area: highlandbridge.com/explore.

Highland Bridge will consist of a multitude of structures and properties, from condos, custom homes, affordable housing (a minimum of 20% of properties will be affordable housing), senior living, and rowhomes, people will have access to a variety of residential options if…

The past few years have been hard, in so many ways, and as 2021 starts coming to a close we would like to take the time to give thanks to everyone that has worked with or alongside VIBE over these unprecedented times.

 

Agents.

We wouldn’t be anywhere without the agents that choose to call VIBE home. We have such an incredible group of people that are making a difference in the real estate industry, and we couldn’t be more proud of every single agent that is on-board here at VIBE. With the market being so extremely competitive, especially over this past year, we got to witness first hand how hard VIBE agents worked to get their clients into homes, and it wasn’t easy.

Clients.

Pandemic aside, this year was tough for people buying and…

Ahhhh, winter. The snow starts falling, the temperatures drop, and maybe you’re wondering what all of that means for the real estate market.

I know we are all interested to see how this winter market unfolds, coming off of one of the most aggressive and competitive real estate years in history. Traditionally, the winter is a slower season in real estate. Fewer homes go up for sale, and fewer people are out shopping for new houses. The winter season does have its own benefits though - for both buyers and sellers!

Winter Buying Benefits

Less competition against other buyers. One of the biggest benefits for buyers is that there is much less competition. Because the market has been so intense and competitive over the past year, the winter could…

In general, inventory has been low and prices have increased since the summer of 2020. So, after a very interesting September where we saw many important metrics take a dip, we were anxiously awaiting the results for October's recap to see which direction we were going. Read on to see what the beginning of winter can tell us about how this crazy year will wrap up. 

Let's start by talking price point. The Average Home Price in the Twin Cities had gone up every month in 2021, reaching the highest we've ever seen on record at just over $413k. That is until September, where it tumbled by almost twenty thousand dollars, leaving us wondering if that was the new direction we were heading or just an outlier. Well, Octobers Average Sale Price turned around and…