May 2017

As we get further and further into 2017, housing inventory continues to be an issue facing the Twin Cities market, and more specially buyers who are desperately trying to find a new place to live. 

According to recently released sales figures, the median sales price back in April jumped another 6.3% to $245,500, brining it to a level that hasn’t been seen in over a decade. 

With fewer homes on the market all throughout the Minneapolis-St. Paul area, home sellers are taking notice and aggressively pricing their properties when looking to sell. And unfortunately for buyers, there isn’t a whole lot that can be done outside of paying the asking price, or at the very least close to it.  

For added perspective, there were 20% fewer homes on the market

A very unique property has just recently been put up for sale in St. Paul and the St. Paul Planning and Economic Development Department are planning to do everything they can to ensure it remains part of the city’s landscape. 

Once the oldest active firehouse in St. Paul, Station 10 was originally built all the way back in 1885 and was actually still in use by the St. Paul Fire Department until recently. 

Now out of commission, however, the city of St. Paul is seeking offers from a developer who may want to re-vamp the existing structure while maintaining its original charm and character. 

Located at 754 Randolph Avenue, not far from plenty of shopping and dining along West Seventh Street, Station 10 actually sits in a prime location, which

Reports have recently surfaced that detail plans for the latest addition of Lakeville’s sprawling Spirit of Brandtjen Farm community, which is one of the largest residential developments in the entire Twin Cities region. 

Having already been approved by Lakeville city officials, the next phase of Spirit of Brandtjen Farm will reportedly include 253 more home sites and act as the community’s 18th addition overall. 

Each of the 253 lots will be broken down into 190 detached single-family homes (with 152 of those homes being a cottage-style single-family home) and an additional 63 detached townhouse residences. The new development will also include the construction of several key common areas, which will also entail adding a new community clubhouse.