What's the Real Estate Buzz In Owatonna Minnesota?

Well, we’re two months into 2010 and so far 33 homes have sold in Owatonna. The average sale price of the homes that have sold is $118,175, which is down dramatically from 2009, but we do expect to see that number rise as we add more sales. The homes that have sold have done so in an average time of 88 days on the market. The activity that we’ve seen reflects the influx of investors, first time buyers, and the impact of bank-owned properties on our market.
Right now there are 235 homes for sale on the market at an average list price of $172,262 which shows quite a disparity between what’s available and the homes that have sold. The available homes have been on the market for an average of 173 days – which has lengthened over last year.
It’s vitally important for sellers to be realistic about the market when they are pricing their homes, present their homes in top-notch condition, make any necessary repairs, and create a welcoming, WOW impression for potential buyers.
Buyers are presented with an incredible opportunity – historically low interest rates, plentiful selection of homes, affordable prices, and a tax credit incentive. It’s a great time for buyers – in all price ranges.

Time to Put Away the Skis - on to the next Adventure

Well, the days and nights of cross country skiing seem to be melting away. Not that I’m complaining about the sunny, above 30 degree days that we’ve been experiencing all week. It’s just that I was hoping for a few more opportunities to strap the skis on. We’ve seen some beautiful spots around Minnesota this winter. We toured Forestville State Park near Preston, Nerstrand Big Woods State Park between Northfield, Kenyon and Faribault, Banning State Park near Sandstone, Owatonna’s own Rice Lake State Park, and of course, Kaplan’s Woods. We skied at 5 below zero and when it was in the 30’s in just long sleeved shirts (no mittens, jackets or hats). We took advantage of many full moon evenings, which helped guide our way if the headlamps were running low. In all, it was a wonderfully enjoyable winter – with great snow for skiing. Next year I’m getting some snow shoes just in case the conditions for skiing aren’t quite the same. It’s always a new adventure – something for everyone to enjoy with each season.