What's the Real Estate Buzz in Owatonna?

What’s the Real Estate Buzz in Owatonna?

What happened to the summer weather? Boy, our summer has been marked by cooler temps, but the market has been heating up.

First time home buyers continue to fuel the activity. Property issues are becoming more of a challenge with the increase in foreclosed properties, many of which have deferred maintenance issues to contend with. If you have any financing questions you can contact Brenda at 507-455-1858. Her expertise will get you moving in the right direction.

According to the Southeast Minnesota Association of Realtors MLS our year to date activity is showing 142 closed residential listings in Owatonna. The average sale price of sold properties is $136,915. I believe this trend is due to an increase in bank owned properties and the influx of first time buyers. Our average market time is 115 days for those homes that have sold.

At this time 46 homes are pending sale with an average list price of $143,775, and we have 236 active residential listings with an average list price of $194,677. They’ve been on the market for an average of 158 days.

Market cycles affecting housing come and go, just like all segments of the economy. Right now may seem like a challenging market, but it’s also a market of opportunity. Investors and first time home buyers will be the obvious winners, but existing homeowners can profit, too. If you’re looking to move up into a larger home – it’s a great time to make that move. The inventory and prices of move up homes have never been more plentiful and attractive. Call or e-mail me today to learn about how this market can be beneficial for you. It’s time to get moving.

What's Going On in Owatonna Minnesota?

Owatonna is buzzing with activity in the month of July. It’s certainly one of my favorite months. Here are some of the activities on schedule for the next few weeks.

7/16/09 11@7 Concert in Central Park – Mark Arthur is performing
7/16/09 3rd Thursday Networking Event – Valleyview Assisted Living from 11:57 am to 1:00 pm
7/16/09 Eagles “Cruise In” Car Show 5:00 – 8:00 pm at the Eagles Club
7/17 – 7/18 American Cancer Society Relay for Life – Steele County Fairgrounds
7/18/09 Farmer’s Market – Central Park
7/18/09 Steele County Humane Society Adoption Day – Mark’s Repair from 1:00 – 3:00 pm
7/19/09 American Lung Association Bike Across America Camp – Steele County Fairgrounds
7/20/09 Wee Pals Golf Event, Dinner and Silent Auction
7/21 – 7/25 Nunsense Jamboree – Riverland Community College – Austin Campus – 7:30 pm
7/22/09 Crazy Days Ice Cream Social – Central Park 6:00 pm
7/23 – 7/24 Crazy Days Sidewalk Sale – Citywide sales
7/23/09 11@7 Concert in Central Park – Owatonna Community Band
7/23/09 Eagles “Cruise In” Car Show 5:00 – 8:00 pm at the Eagles Club
7/24 – 7/26 MSF State Baseball Tourney
7/24/09 Crazy Days Hog Roast and Dance – Downtown
7/25 – 7/26 Crazy Days – 17th Annual Festival of the Arts – Central Park
7/28/09 Business After Hours – Fame Awards – 5:30 to 7:00 pm

As you can see there's something for everyone - from arts and music, to sports and cars - and plenty more! Owatonna's a short drive from the Twin Cities - so hop in the car and discover why Owatonna has been selected as one of Money Magazine's Top 100 Small Cities.

And if you want to make Owatonna your home, give me a call or send an e-mail. I'm glad to help with all or your Owatonna real estate needs.

I can be reached at 507-390-6109 or ljohnson@owatonnahome.com

Lynn Johnson and Chad Hacker - the Owatonna Real Estate Pros
Coldwell Banker Home Connection