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A year like no other...seriously.

We have done our best to bring you accurate and timely market information throughout 2020. As this crazy year comes to a close, we wrap up the past data and look forward to the changes ahead. It will be extremely important to keep up with the market over the spring of 2021, as we are hoping to see a bit more balance in the real estate world. Now, let's recap December and see how things turned out.

For new listings last month, it should come as no surprise that we went a bit down from November, and landed not far off from where we were last year at this time - 2,820 to be exact, which is only a few hundred above 2019. That category alone, however, does not showcase the amount of demand still present, because as we…

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Say it with us...Goodbye 2020! Ringing in the New Year can be exciting—it's a time for new beginnings, which is something that, after a difficult 2020, most of us are looking forward to. New Year's Eve 2021 will look a lot different than last year's celebration. Instead of heading out for a night on the town, many of us will be settling in for an evening on the couch. And in lieu of ringing in 2021 with dozens of friends, our guest lists will be limited to the people who live in our households. One way we’re considering making the evening eventful is one of our favorite 2020 past-times: takeout. 

With our cherished local restaurants having to shut their doors the past month, no doubt they’ll be looking forward to some extra love and support as we head…

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Often referred to as “Mac Groveland,” this neighborhood extends east from the Mississippi River to Summit Hill, and contains a mix of single family homes, apartments, and vibrant commercial corridors. Macalester-Groveland has just about everything going for it. Ideally situated, walkable and quiet with modest to grand homes that reflect a wide variety of architectural styles. Summit Avenue itself is home to the longest stretch of Victorian-era homes in the entire United States! Say what?! The vibe is unhurried, unpretentious, and full of that St. Paul spirit that we love.

The college aura in this area is alive and well. VIBE Agent Dan states “I like that the proximity to colleges keeps the vibe young and active.” But that’s not all, Mac Groveland has…

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Do people actually move in the winter time? Oh ya, you betcha!

While there are definitely busier home selling seasons throughout the year here in Minnesota, life still happens in the winter, and that life often includes buying and selling real estate. So what are some of the key things we see as industry professionals when it comes to moving in the winter versus the other seasons? Let's take a look!

 

 

Dealing With Unpredictable Weather

What's the first thing that comes to mind when you think of Minnesota in winter time? It's cold! Well, turns out the same rings true when it comes to moving. Consider that you may end up being outside for a longer period than most humans would typically desire, and on top of that, you'll likely be lifting…

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Hello again! What's our theme for this month's recap? Let's just say things got interesting...

We knew there was potential for November numbers to be unique-- a presidential election, COVID spikes across the nation (particularly right here in the Twin Cities), and the entry to winter. What we didn't know was whether or not this progressing Seller’s market could help out buyer demand by going against historical November slow downs, and provide a healthy amount of listings to hopefully balance things out. Did that happen?

No. No it did not...

November 2020 brought some of the steepest dips we've seen all year. While normally this wouldn't be a huge surprise, considering the market almost always slows down toward the holidays, it seems surprising…

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It’s the season of doing good and giving back. This is our third annual donation drive for Alexandra House as we continue to work together to help them on their mission to end domestic and sexual violence. Here’s to making a change in the lives of those in our community. 

This year due to Covid-19, they are requesting donors to contribute gift cards (with receipts attached) in $25 denominations from Target, Walmart, VISA, Mastercard, or Amazon.com, in addition to grocery gift cards from Cub or Aldi Grocery. If you do prefer to purchase actual toys and gifts for distribution, see the wish list by clicking here.

Drop off your donation at the VIBE office in St. Paul between December 1st - December 7th during our business hours: 9:30am - 5pm…

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Interest rates. We know lower is better, but what's considered actually low, and how much does it affect your overall spending on the purchase of your home? Well, potentially quite a bit, which may be why we continue to see record numbers of home sales even in the midst of a global pandemic. Are today's buyers just valuing a home more than before, or are they just cashing in on these ultra-low interest rates? Let's take a look.

So we know we want a lower interest rate when purchasing a home, but that isn't the only factor we should be looking at. For starters, unless you're purely an investor, buying a primary residence has many more factors to consider than just the interest rate, and since we can't really control them anyway, we can't just put…

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Agent contribution: Cara Quinn, Mariah Hamm, Meghan Howard

What's not to love about the Nokomis neighborhood of Minneapolis? It comprises eleven smaller neighborhoods, and you get some of the best aspects of the entire city in one pocket! It is chock full of local restaurants and coffee shops, is home to fantastic neighborhood shopping districts, and boasts some of the city’s most beautiful parks and outdoor activities. Minnehaha Creek cuts through the entire area providing miles of shoreline, AND you have Lake Nokomis taking center stage smack in the middle of it all. Read up on our guide to this cherished neighborhood.


The Heart of Nokomis

For a full day of outdoor adventures, start at Lake Nokomis—the heart of the area—and branch out from…

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There’s no doubt that 2020 has brought our local businesses many challenges this year, and it’s safe to say we’ve all felt the impact one way or another. With so many businesses closing their doors in the Twin Cities and beyond, their role in our community has never been more transparent.

Just how much of a presence and impact do small businesses have? The SBA (Small Business Administration) reports over 28 million small businesses operating in the U.S. alone. And since 1995, those small businesses have generated 66% of all new jobs in the United States. Small businesses are a big deal. Which brings us to Small Business Saturday, a nationally recognized holiday coming up on the Saturday after Thanksgiving.

So what better time to encourage the ‘shop…

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Welcome back! This month’s update is titled: Peaks and Valleys 

Actually, it's just titled Market Update for October— it's about peaks and valleys, as that's what the numbers are showing us. Last month we were starting to see some shifts in the market, so let's dive into the October numbers to see if we're still heading in that direction, or if that was just a blip.

Perhaps the biggest indicator for us to look at right now is the total number of homes for sale. This has now gone down for the sixth consecutive month, and we're heading into the time of year where it typically takes an even further dive as it starts to get cold and closer to the holidays. October is officially the lowest number we have seen all year, and there are no signs of that…

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