For those experiencing financial hardship during this emergency, we've compiled a few resources for you:
Coronavirus (COVID-19) effects on Twin Cities Real Estate Market
As everyone struggles to determine the impact of the dramatic governmental actions taken to slow the spread of the coronavirus, our professionals have been working hard to serve home buyers and home sellers in the safest way possible. We've offered resources to our buyers and sellers alike, to help them navigate this uncharted territory.
While it may be too early to tell the longer-term impacts this will have on the Minneapolis and Saint Paul area real estate market, there are some telling statistics as it relates to the market and its health today.
According to information gathered from NorthstarMLS this morning (3/19/2020), homes are still being listed, shown, and sold at a solid rate. In fact, as of 3/17/2020, the number of showings taking place nationally are still 13% ahead of last year on the same date according to ShowingTime. It does appear that showing activity is trending downward, however.
Another metric we've honed in on is "back on the market" listings, which represents listings that were off market (pending, temporarily not available) and then placed back in Active status.
Here are the raw statistics gathered this morning:
Changes to Pending status:
Back on Market:
If you'd like help applying this information to your current housing situation, please contact one of our agents today.
Stay safe out there!
STILLWATER, MINN. – Last week, RE/MAX Professionals opened an expanded business space in Stillwater. The real estate business remains in the Stillwater Mills building, but now occupies an end unit within the building. The new location features an outdoor patio on Main Street and state-of-the-art amenities for agents and clients.
"RE/MAX Professionals been a part of the Stillwater community for three years, but with the recent completion of the St. Croix Crossing and the revitalization of downtown, we expect a lot of growth in the area," said Justin Fox, owner of RE/MAX Professionals. "It seemed like the perfect time to expand our business in Stillwater so that we can hire more full-time, experienced agents to serve our clients on both sides of the river."
Fox owns and operates four RE/MAX Professionals office locations in the greater Minneapolis area with a total of 45 agents who provide real estate services to clients throughout the Twin Cities and western Wisconsin. The office in Stillwater specializes in helping buyers and sellers with residential real estate transactions in the St. Croix Valley.
REAL Trends recently ranked RE/MAX Professionals on its listings as a 2018 "Up-and-Comer" since the business closed a minimum of 500 residential transaction sides. RE/MAX Professionals enjoys supporting the Stillwater community through various opportunities including sponsoring Hometown for the Holidays and Lumberjack Days each year.
"We are thrilled that RE/MAX Professionals is expanding their business, and we expect their growth will continue well into the future," said Fiona Petrie, executive vice president and managing director of U.S. operations for RE/MAX INTEGRA. "Justin is a highly-respected real estate leader in Minnesota, and the agents who work with him benefit tremendously from his expertise."
Fox, who has spent 15 years working in real estate, opened his first real estate franchise with RE/MAX in 2005. He is dedicated to growing a professional real estate brokerage with progressive leadership and technology and his greatest passion is mentoring agents who aspire to be leaders in real estate.
The RE/MAX Professionals office in Stillwater is located at 350 Main Street N. #104.
Are you wanting to move this year, but are having a hard time finding the right home for you? Inventory is at record lows right so it may make sense to build your next home, especially if you have very specific needs. The Twin Cities is booming real estate market, with a vast number of options to make your dream home a reality.
There are many options in the Twin Cities from custom builds on acerage to large developments with great amenities. Whatever your desires are, our professional REALTORS can assist you in finding the best builder for you. Use this list of top builders in the Twin Cities, according to BATC, to start doing your research and find what suits you best. The Spring Parade of Homes is just a few weeks away, where you can preview many of these builders and perhaps even get some great deals.
2. CalAtlantic Homes
4. D.R. Horton, Inc
5. Mattamy Homes
6. K. Hovanian Homes of MN, LLC
7. Hanson Builders Inc
8. Robert Thomas Homes, Inc
9. Gonyea Homes, Inc
10. M/I Homes
11. Capstone Homes, Inc.
12. KEY LAND HOMES
13. Country Joe Homes
14. Brandl Anderson Homes, Inc.
15. Charles Cudd Co. LLC
16. Eternity Homes, LLC
17. Sharper Homes, Inc.
18. Creative Homes, Inc.
19. LDK Builders, Inc.
20. Donnay Homes, Inc.
21. Progressive Builders, Inc.
22. Centra Homes, LLC
23. GBI Homes, Inc.
24. McDonald Construction, Inc.
25. Ron Clark Construction
When building new, it can be fun to incorporate some of the latest design trends. One trend for 2017 homes is reclaimed wood. Reclaimed wood has become extremely popular over the past few years, in everything from furniture to decor.
Courtesy of HGTV
Another big trend for 2017 is the farmhouse style. Lots of modern homes are being updated to look more like a rustic farmhouse especially in the suburbs. This style tends to focus on lighter or neutral colors mixed with traditionalpatterns and unique decor.
Courtesy of HGTV
Acrylic decor is also a trend that has been very popular over the past several years. Larger pieces such as coffee tables or television stands make almost any room come together.
Courtesy of HGTV
In 2017 Navy will be the new black, it works well with grays and bright colors such as red or yellow. It can give any room a nice dark pop when paired with a light color or just white. 2017 is your year to make the most out of your new home with some style trends that are here to stay for a while.
Courtesy of HGTV
2016 was a record year for RE/MAX Professionals and we had a great time celebrating at our annual Holiday Party & Awards Celebration. The brokerage was named one of the top 30 brokerages in the Twin Cities, based on units sold. The total number of transactions were up 11.3% in the past year. Total volume increased 25.6% to $132 million over the past year, and our per agent productivity increased to 19 transactions. This led to RE/MAX Professionals being ranked #4 RE/MAX brokerage in Minnesota based on units sold.
RE/MAX Professionals could not have done it without our outstanding associates. RE/MAX Professionals inducted a total of 8 members into the Executive Club in 2016. The Executive Club level is the sixth highest international honor for sales in a single year. Only 20% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Executive Club level in 2016. The recipients were Perry Abel, Andy Calton, Brittney Dahl, Elisa Eesley, Charlene Foltz, Dan Harrison, Tony Khambata, and Jeff Nivala Jr.
RE/MAX Professionals inducted a total of 8 members into the 100% Club in 2016. The 100% Club level is the fifth highest international honor for sales in a single year. Only 30% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the 100% Club level in 2016. The recipients were Caroline Anderson, Anne Clancy, Justin Culley, Justin Fox, Hollie Hernandez, Aundrea Paskett, and Amy Zuccone.
RE/MAX Professionals inducted a total of 3 members into the Platinum Club in 2016. The Platinum Club level is the fourth highest international honor for sales in a single year. Only 9% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Platinum Club level in 2016. The recipients were Jonathan Lindstrom, Thad Rich, and Mike Vizenor.
RE/MAX Professionals inducted 1 member into the Chairman's Club in 2016. The Chairman's Club is the third highest international honor for sales in a single year. Only 1% of more than 1,700 RE/MAX INTEGRA Midwest associates in Minnesota achieved the Chairman's Club level in 2016. Our very own Mark Mason was the recipient of this award in 2016.
In addition to being named into the Chairman's Club, Mark Mason was also inducted into the Hall of Fame in 2016, a significant milestone based on sales volume with RE/MAX. The Mason Team was awarded the top team at RE/MAX Professionals in transactions, completing 90 transactions in 2016.
Anne Clancy was awarded the On Fire award which is awarded to the individual or team that had the largest increase in production over the year prior. Anne had a 109.6% increase in volume for a total of 9 million in production.
Brittney Dahl was also presented with the On Fire award for the largest increase in transactions over the year prior. Brittney had an 85.7% increase in transactions.
Thad Rich was named the #1 individual agent at RE/MAX Professionals in volume and transactions with 12.1 million in volume and 43 transactions.
The Jonathan Lindstrom Real Estate Group was named the #1 team in Volume with 22.3 million in sales volume.
When asked about the success of his agents, broker and owner Justin Fox had this to say, "RE/MAX Professionals continues to be home to the most productive, independent real estate entrepreneurs. We continue to support productive real estate professionals with progressive leadership and technology. We're thrilled to recognize our associates on their outstanding achievements this year."
Congratulations to all of our award recipients in 2016. Their hard work and service-first attitude shows.