How the St. Cloud Real Estate Market Looks This Fall

We have an extremely attractive market in St. Cloud right now for buyers and sellers. Here’s why.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

It’s been an outstanding year for our team so far. We’ve been able to help 83 families buy or sell a home this year, and we’re looking forward to helping many more as the year goes on. We just wanted to bring you a few of the most recent numbers that show where our market is at and where it’s going.

There have been 1,750 home sales in the St. Cloud area over the last six months. This is a good, solid number for our market. Our pending sales are strong as well. We currently have 290 of them. 

We currently have 954 homes on the market in St. Cloud. This gives us about a four-month-supply of inventory, which is much more than there is in the Twin Cities. Our inventory is stronger, which helps buyers, while the average home can still sell within two to eight weeks if it’s prepared properly for the market.

“

Our inventory is much stronger than in the Twin Cities.

”

This is an extremely attractive market for buyers and sellers. Sellers can sell their homes quickly and for a good price, while buyers have a decent amount of inventory to choose from.

If you have any questions for us or need any help buying or selling a home in St. Cloud, don’t hesitate to reach out and give us a call or send us an email. We look forward to hearing from you soon.

A Mid-Year Market Update for St. Cloud

Our summer market has been great so far, and that trend is expected to continue into fall. Let’s take a look at the numbers.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

Now that summer is ending and we’re about halfway through the year, it’s the perfect time for a look at what’s going on in our St. Cloud market. 

Recently, I’ve received a lot of calls from people asking if it’s too late for them to jump into a real estate transaction. The truth is: no. 

Though summer markets are notoriously hot, this fall market is set to be excellent, as well. 

In the last six months, 1,621 homes have sold in our local market. With 3,200 families making a move, this has been a very good year so far. 

The current 363 pending sales we’re seeing today is down only just slightly from March, when that number was 452. 

Within a 20-mile radius of St. Cloud, there are 962 homes on the market. Compared to the 640 homes on the market we saw in January, this is a significant growth. 

With a good selection of homes, a market time between two to eight weeks, and interest rates at record lows, our current market holds a lot of great opportunities for buyers and sellers alike. 

“

Our current market holds a lot of great opportunities for buyers and sellers alike.

”

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

What's Going on in the St. Cloud Real Estate Market

What's going on in the St. Cloud real estate market? I've got a quick update for you.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

When it comes to the state of the St. Cloud real estate market, I'm happy to report that it's continuing to be very strong like it has been in recent months.

The inventory of homes for sale is a bit low, but has gone up since the first of the year. We have about 864 homes on the market, and interestingly enough, we also have 498 pending sales in our market. 

Compared to last year at this time, we had about 380 pending sales, so sales are strong currently. Inventory last year was about 1,200 homes.

Inventory is good, but it's a little bit tight. As a result, homes are moving quickly. We see quite a few homes sell as fast as a week to eight weeks. The great news in real estate is that interest rates are right around 4% or even better on some days.

“

The great news is that interest rates are only about 4% currently.

”

If you're thinking about making a move, it's a great time due to low interest rates and good home prices with a decent selection.

If you have any questions, you can always give me a call or send me an email. I look forward to helping you with your move!

Why Are Things Looking Up in Our St. Cloud Market?

According to the latest market statistics, it’s a great year to be a buyer or a seller.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

Whether you’re buying or selling in our market, I have some good news to share with you today. Let’s start with a few statistics to give you an idea of where the market currently stands. 

There have been 1,095 home sales in the last six months, which is a really good number. We currently have 439 homes waiting to close, or what we call ‘pending sales.’ That number is up quite a bit from last year. Our inventory has also grown quite a bit. At the beginning of the year, we had about 654 homes on the market, and today we’re up to 807, which is a little less than the 1,100 to 1,200 we would’ve had last year. If you’re a seller, this means there’s a good chance your house will sell in a reasonable amount of time. 

If you’re a buyer, the really good news is that mortgage rates are close to record lows. In fact, on a 30-year fixed rate for a conventional loan, you’re looking at rates in the 3.75% to 4% range. For FHA or first-time buyer financing, rates will probably be in the 3.5% to 3.75% range. If you’re considering financing 15 years or less, your rate will be quite a bit better. 

It’s a great time to be a buyer or a seller.

If you’re thinking about selling, it’s a great year to do it. If you’re thinking about buying, you’ll save a lot of money over the life of your mortgage with rates where they are. 

If you have any questions about our market or you’re thinking of buying or selling a home, don’t hesitate to reach out to us. We would be happy to help you.

St. Cloud Spring Real Estate Market Update

News is good across the board in the St. Cloud market as we head into spring.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

There's good news all over the St. Cloud real estate market as we head into spring.

As of right now, there are 717 homes on the market, which is great for anyone looking to buy a home because it's up substantially from the 650 we had just a couple weeks ago. If you're selling your home, it's a less competitive market and it's a good year to be a seller again.

As of the first week of March, we had 286 home sales waiting to close that went under contract in the last 60 to 90 days. At this time of the year, that's a really good start. I think it's due to the great mortgage interest rates and the warm weather we've had lately. The spring market started early.

It's a really good time to be in the market either as a buyer or a seller.

It's a really good time to be in the market either as a buyer or a seller. If you'd like any additional information, give us a call or send us an email. We look forward to helping you in this great market.

Are You Ready for the 2017 Spring Market?

Happy New Year! What can you expect from the 2017 market? When does the spring market begin? I’ll tell you everything you need to know today.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

Happy New Year! Lately, a lot of people have asked when the spring market starts.

I have exciting news for you: the spring market has already begun! As of January 2nd, calls picked up immediately, and between Christmas and New Year’s, the hits on our website went through the roof. It was amazing!

There are a lot of people who are excited and looking forward to moving this year. Interest rates are excellent and there is a lot of confidence in the market.

“

There is a lot of confidence in the 2017 real estate market.

”

If you would like to know how much your home is worth, just give us a call. We can give you some ideas for updating the house and preparing it for sale.

If you are planning on buying a home this year, don’t hesitate to reach out to us. When we get a new listing, you can get it as fast as we do—just let us know if you would like instant updates.

With that, I hope you all enjoy 2017. It’s going to be a great year for real estate!

Spring Market Update

Here’s a look at what is happening in our spring market so far.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

I wanted to take a second to give you a quick look at what is happening in the 2017 spring real estate market.

We are off to a pretty tight start when it comes to inventory. Right now, there are around 657 homes on the market within a 20 mile radius. Compare that to the last few years, when we had 1,100 to 1,200 homes on the market at this time.

“

Sell your home now and move when it warms up.

”

Now is a great time to be a seller, as there is much less competition than usual for the spring market. Spring is already here in the real estate world. The spring market is active and surging.

If you would like a more in-depth market update, would like to set up an appointment, or if you have any questions, please give me a call or send me an email. I would be happy to help!

An Update on the St. Cloud Real Estate Market

The St. Cloud market is strong with good inventory, record-low interest rates, and homes moving at a steady, predictable pace. Tune in for more details.

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

Today we wanted to give you a quick recap of the spring and summer markets, as well as what we’re expecting to happen this fall in St. Cloud real estate.

It’s been a good year. In the last six months within 20 miles of St. Cloud, we’ve closed 1,623 homes. It’s not a record high or low, but it’s a steady, consistent market. Looking at inventory, we have 1,023 homes on the market, which is about 200 fewer than last year at this time.

If you’re a buyer, it’s a good year because we’ve got a good selection of properties and we’ve got record-low interest rates. That means record-low monthly mortgage payments.

“

Inventory is good and interest rates are lower than ever.

”

If you look at pending sales — a sign of where the market is right now — we have 345 pending sales, which is a very strong number, and a little bit up from last year. What we’re seeing is good inventory, homes selling in a predictable fashion (many times in two to eight weeks), and we’ve got those record-low interest rates. You can buy more house for less money than ever.

If you have any questions or would like specifics about your personal situation, feel free to give us a call or send us an email. We’d be happy to help you!

The St. Cloud Real Estate Market Is Better Than Ever

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

This spring has been great for the real estate market. In fact, the market is the best it has been since 2005, before the recession. I’m here with a quick update on some exciting numbers from St. Cloud real estate.

As of right now, we have seen 1,054 closed sales over the last six months, which is a very nice increase. We also have 495 pending sales, which is the highest number of pending sales in 10 years. That’s great news for sellers!

Not only that, if you are thinking of selling your home, you can expect to sell in two to eight weeks. Selling a home is a far more predictable, much easier process today than it was just a few years ago.

I also have good news for buyers. Currently, there are 1,034 homes on the market within a 20-mile radius of St. Cloud. That’s a very nice selection. The market is moving a little quicker, so you do have to make decisions faster. However, we can help you through that process.

Even better than that, buyers today are able to take advantage of historically low interest rates. You can get a 30-year fixed mortgage with an interest rate between 3.5% and 4%. If you get a 15-year mortgage, the rates are even better.

Overall,  now is a great time buy or sell real estate. If you have any questions about the market or need help with your specific property, please don’t hesitate to give me a call. I would be happy to help you.

Are Home Prices Rising in St. Cloud?

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

Today I'll be continuing with a market update, as well as answering some good questions about the market.

Overall, we're seeing a very balanced market right now. We have roughly six months of supply on the market, and this means that buyers and sellers have equally good chances of getting a good deal on a home.

A lot of our listings are selling in 2-8 weeks, and there is a large selection of homes to choose from. On top of this, mortgage rates are still sitting below 4%, so now is a great time to buy.

Sellers will be glad to hear that home prices are rising, and they are predicted to increase over the next year. If you're buying a home, you have an opportunity to ride a nice wave of appreciation.

If you'd like to sell now, you're going to see less competition right now than you would in the early spring. You'll probably find a lot more serious buyers right now than you would during the spring.

The rental market in St. Cloud is also going strong, and so if you would like to invest in rental properties, please don't hesitate to contact me. This is a great way to come up with some passive income for your retirement, or just to put some extra cash in your pocket.

As always, please don't hesitate to contact me about real estate in St. Cloud!

Real Estate in St. Cloud is Looking Up

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

Here in St. Cloud we're having a terrific spring market compared to what happened last year. Sales are much more predictable this year, and we're seeing a lot of homes selling in 2-8 weeks. If you get your home on the market now, you will have a good chance at catching buyers when demand is the highest, and this will help you to get top dollar for your home.

Buyers in St. Cloud need to be aware that interest rates are still unbelievably low (below 4%) and affordability is still extremely high. Also, homes are selling quickly, so you need to come in with a good idea of what you want and strike when the time is right.

Overall, it's a great time to enter the real estate market. Affordability is sky-high, and this benefits everyone. Buyers will be able to purchase better homes, and because buyers can afford to purchase them, it makes it easier for sellers to sell them and then move into a new property at an affordable rate. It's a win-win for everyone involved.

If you need help buying or selling in St. Cloud, please don't hesitate to contact me! I'm always here to help you.

What Do Ideal St. Cloud Market Conditions Mean for You?

Looking to buy in St. Cloud?  Get a full home search

 Looking to sell in St Cloud? Get a free Home Price Evaluation

As the weather continues to heat up, our sales are getting stronger. If you're thinking about buying a house, or if you know someone who is, now is the time to act! Here's why: 

• Close to record-low interest rates 

• Mortgage underwriting criteria are less stringent 

• Less competition 

 
The market is only going to continue to heat up. The longer you wait, the less likely you'll be able to accomplish your buying or selling goals. More competition means more compromises, and no one wants that. 

If you have any questions, or if you would like real estate assistance of any kind, give us a call or shoot us a quick email. We would love to help you take advantage of these great conditions.

Things Are Looking up in St. Cloud!

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

 For those of you in the St. Cloud area who are wondering what our market is up to, we've got exciting news!

The spring market has started off very strong. Our sales have been very strong, especially in our mid-market ($150k-$300k). Sales over $300k are even better - in fact, we've seen more sales than we have in 8 years! The luxury market is even better, the sales and pending sales in the $700k-$1.1 million market are higher than we've ever seen them! 

There's a lot of pent-up demand, and there are many buyers looking to make a discretionary move. Additionally, interest rates are still incredibly low - today, most buyers will get a rate under 4%! This means that for most buyers, a $300,000 loan payment is going to be under $1,500 a month! 

If you have any questions about our ever-changing market, don't hesitate to give me a call or shoot me a quick email. I would love to fill you in!

What Happened in Real Estate in 2014?

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

Happy New Year, and welcome back to our video blog! With another whole year behind us, it's not a bad time to take a look back and recap what we've seen in St. Cloud real estate over the last 12 months.

In a word, the market in 2014 was fantastic. The market vastly improved - in fact, it's the best we've had in eight years. Our sales volume is up substantially in every price category, our $100,000 to $200,000 market being the strongest. Our biggest growth came in the $300,000 to $800,000 price range, which is fantastic news. This indicates that many of the people who were waiting on the sidelines finally saw enough encouraging signs to make a move in the market. 

With 2014 in the books, let's take a look ahead now. As we start 2015, interest rates on 30-year fixed rates are right around 4%. Sales have already started strong, appointments are up, and we're expecting an excellent first and second quarter. If you've been thinking about moving, but are waiting until the economy gets better so you can sell your home quickly (in two to eight weeks!), we have good news: conditions can't get much better! 

If you have any questions about making a move in our area, or what to expect from real estate conditions moving forward, give us a call or shoot us an email. We would love to help you prepare for what's sure to be another stellar year in real estate.

 Until next time, have a fantastic week!

What's Going on in St. Cloud?

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

Many people in Central Minnesota have been wondering whether we're on the verge of another housing bubble. Luckily, it's not looking like it.

We currently have a stable market that is continuing to expand. We're seeing stable prices that are rising, but not dramatically. We're not seeing the kind of rapid price increases here like many metropolitan areas are. Currently, we have 6 months of inventory, which means we have a balanced market - neither buyers nor sellers have an advantage.

The reason some people think we may be on the verge of a bubble is the cost of new construction is increasing substantially. As the market gets tighter and inventory starts to decline, the price of used homes is going to rise.

Right now is a great time to make your move. Interest rates are still low and home values are continuing to appreciate. If you would like to take advantage of these fantastic conditions before they start to change, give us a call. We would love to help you achieve your real estate dreams!

Interest Rates May Be on the Rise as Fed Announces Change

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

Many people have been asking us lately, What's the deal with interest rates? Where are they heading and what will the impact be?

Over the last few years the Federal Government has been buying mortgage-backed bonds at a very aggressive rate. This has had the effect of keeping interest rates near record-lows, at about 4.25% for a 30-year fixed-rate mortgage. However, the Fed has slowly been reducing the amount of mortgage-backed bonds they are buying. The have announced that they plan to stop buying them altogether, and that could happen as early as October. The end result would be that the artificially low interest rates we have been seeing may not stay there. Many anticipate rates to jump as high as 5.5% as early as this coming spring.

The higher rates are still attractive to buyers, historically speaking, as interest rates have been around 8% on average for the last 30 years. But if you do the math, the small percentage or so jump in rates could have a huge affect on your spending power. For example, if you borrow $200,000 at 4.25%, your monthly payment will be about $983 a month; a rate of 5.5% would make your monthly payment about $1,135 a month. If you plan on living in your home for 10 years, you could save as much as $18,000 by locking in current interest rates. 

If you have the option of moving today, we highly recommend it. We don't know how long it will be before we see rates fall this low again, so now is the time to lock in low rates for future savings. If you have any further questions about changing interest rates, please feel free to give me a call. I would love to discuss your real estate options with you.

St. Cloud Real Estate Market Update Summer 2014

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.

I have been getting a lot of questions lately about new homes. Specifically, people want to know when the right time to move into a new home is. To give you the short answer: now is the time to upgrade into a larger, nicer home.

I'm not just telling you this as a matter of opinion, but after having done research and having had experience in this current market. If you are worried about not being able to sell your home, I can tell you that most mid priced homes in St Cloud are selling in the 2-8 week range,  and the probability of you selling your home is extremely high. A well-priced home in the St Cloud market can even fetch multiple offers.

Another reason to move up to a nicer home right now is continually low interest rates.  Nicer homes are appreciating more and more each year and now would be a great time to take advantage of these rates with a newer, nicer home. We have a vast selection of different kinds of aesthetically pleasing properties. We have properties from the lake shore to the country fields, and everything in between.

If you are looking to make a move up and take advantage of all the benefits of a nicer home, we would love for you to give us a call. We can set you up immediately with an e-mail update on all of the new listings in the St Cloud market. It's going to be an exciting year in St Cloud!