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Showing posts with label owatonna homes for sale. Show all posts
Showing posts with label owatonna homes for sale. Show all posts
Monday, June 21, 2010
Nice House, Small Price, Big Value! 113 E. North Street, Owatonna
Friday, March 5, 2010
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.
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.
Wednesday, February 3, 2010
What's This $6500 Tax Credit I Hear About?
Q. I'm already a homeowner. If I buy another home after Nov. 6, 2009, to use
as my principal residence, do I have to sell my home to qualify for the
homebuyer tax credit?
A. No. If you meet all of the requirements for the credit, the law does not
require you to sell or otherwise dispose of your current principal residence
to qualify for a credit of up to $6,500 when you buy a replacement home to
use as your principal residence. The requirements are that you must buy, or
enter into a binding contract to buy, the replacement principal residence
after Nov. 6, 2009, and on or before April 30, 2010, and close on the home by
June 30, 2010. Additionally, you must have lived in the same principal
residence for any five-consecutive-year period during the eight-year period
that ended on the date the replacement home is purchased. For example, if you
bought a home on Nov. 30, 2009, the eight-year period would run from Dec. 1,
2001, through Nov. 30, 2009. (11/17/09)
as my principal residence, do I have to sell my home to qualify for the
homebuyer tax credit?
A. No. If you meet all of the requirements for the credit, the law does not
require you to sell or otherwise dispose of your current principal residence
to qualify for a credit of up to $6,500 when you buy a replacement home to
use as your principal residence. The requirements are that you must buy, or
enter into a binding contract to buy, the replacement principal residence
after Nov. 6, 2009, and on or before April 30, 2010, and close on the home by
June 30, 2010. Additionally, you must have lived in the same principal
residence for any five-consecutive-year period during the eight-year period
that ended on the date the replacement home is purchased. For example, if you
bought a home on Nov. 30, 2009, the eight-year period would run from Dec. 1,
2001, through Nov. 30, 2009. (11/17/09)
Thursday, January 7, 2010
Recap for 2009 Real Estate in Owatonna Minnesota
What’s the Real Estate Buzz in Owatonna?
Sales during October and November picked up and we finished year with an increase in sales (by 28 homes) over 2008. It seems that the first time buyer stimulus plan has been working. We’ve seen a strong presence of those buyers in our market and that helps everyone.
We predicted that first time home buyers would be the mainstay of the 2009 market, along with buyers relocating into Owatonna for their jobs, and it appears to have panned out that way. One of my lending experts, Brenda Bednar (through Advisor’s Mortgage) noted that she is taking applications from those two buyer niches. 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 321 closed residential listings in Owatonna for 2009. The average sale price of the sold properties is $143,424 which is down from 2008 when the average sale price for the year was $159,120. I believe this trend is due to an increase in bank owned properties and the influx of first time buyers. Our average market time was 117 days which is actually down from 130 in 2008. The market has changed, in particular housing prices.
At the start of the year we have 198 active residential listings with an average list price of $176,880. They’ve been on the market for an average of 185 days which has been increasing.
Interest rates continue to hover near their lows, and the tax credit provides a strong incentive for first time and repeat buyers to make the most of the values that are out there in our local market.
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.
Sales during October and November picked up and we finished year with an increase in sales (by 28 homes) over 2008. It seems that the first time buyer stimulus plan has been working. We’ve seen a strong presence of those buyers in our market and that helps everyone.
We predicted that first time home buyers would be the mainstay of the 2009 market, along with buyers relocating into Owatonna for their jobs, and it appears to have panned out that way. One of my lending experts, Brenda Bednar (through Advisor’s Mortgage) noted that she is taking applications from those two buyer niches. 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 321 closed residential listings in Owatonna for 2009. The average sale price of the sold properties is $143,424 which is down from 2008 when the average sale price for the year was $159,120. I believe this trend is due to an increase in bank owned properties and the influx of first time buyers. Our average market time was 117 days which is actually down from 130 in 2008. The market has changed, in particular housing prices.
At the start of the year we have 198 active residential listings with an average list price of $176,880. They’ve been on the market for an average of 185 days which has been increasing.
Interest rates continue to hover near their lows, and the tax credit provides a strong incentive for first time and repeat buyers to make the most of the values that are out there in our local market.
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.
Home Buyer's Seminar in Owatonna Minnesota
Home Buyer's Informational Seminar in Owatonna Minnesota
This Saturday marks the first Buyer's Informational session that we'll be offering during January. Every Saturday this month starting at 12:30 we'll host a seminar for potential buyers to answer their questions and provide relevant information about purchasing a home. The sessions will be informal and geared toward the attendees and their informational needs.
Any potential buyers (first ot repeat) are welcome to stop by the Coldwell Banker Home Connection office to get up to the minute info about our current local market. Interested buyers can also call me (Lynn Johnson, Broker) at 507-390-6109 or Chad Hacker, Realtor at 507-363-4404.
Chad and I work together as the Owatonna Real Estate Pros through Coldwell Banker Home Connection in Owatonna. By working together we bring experience, knowledge and marketing expertise that provide an unbeatable real estate experience.
This Saturday marks the first Buyer's Informational session that we'll be offering during January. Every Saturday this month starting at 12:30 we'll host a seminar for potential buyers to answer their questions and provide relevant information about purchasing a home. The sessions will be informal and geared toward the attendees and their informational needs.
Any potential buyers (first ot repeat) are welcome to stop by the Coldwell Banker Home Connection office to get up to the minute info about our current local market. Interested buyers can also call me (Lynn Johnson, Broker) at 507-390-6109 or Chad Hacker, Realtor at 507-363-4404.
Chad and I work together as the Owatonna Real Estate Pros through Coldwell Banker Home Connection in Owatonna. By working together we bring experience, knowledge and marketing expertise that provide an unbeatable real estate experience.
Thursday, December 10, 2009
What's the Buzz in Owatonna Minnesota Real Estate?
Sales during the last 2 months have picked up and right now we’re running ahead of 2008’s sales activity (the first time all year). It seems that the first time buyer stimulus plan has been working. We’ve seen a strong presence of those buyers in our market and that helps everyone.
We predicted that first time home buyers would be the mainstay of the 2009 market, along with buyers relocating into Owatonna for their jobs, and it appears to have panned out that way. One of my lending experts, Brenda Bednar (through Advisor’s Mortgage) noted that she is taking applications from those two buyer niches. 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 305 closed residential listings in Owatonna. The average sale price of sold properties is $145,657 which is down from 2008 when the average sale price at this time was $160,937. 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 120 days which is actually down from 131 in 2008 at this time. The market has changed, in particular housing prices.
At this time we have 220 active residential listings with an average list price of $179,193. They’ve been on the market for an average of 169 days which has been increasing.
Interest rates continue to hover near their lows, and the tax credit provides a strong incentive for first time, and now, repeat buyers to make the most of the values that are out there in our local market..JPG)
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.
We predicted that first time home buyers would be the mainstay of the 2009 market, along with buyers relocating into Owatonna for their jobs, and it appears to have panned out that way. One of my lending experts, Brenda Bednar (through Advisor’s Mortgage) noted that she is taking applications from those two buyer niches. 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 305 closed residential listings in Owatonna. The average sale price of sold properties is $145,657 which is down from 2008 when the average sale price at this time was $160,937. 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 120 days which is actually down from 131 in 2008 at this time. The market has changed, in particular housing prices.
At this time we have 220 active residential listings with an average list price of $179,193. They’ve been on the market for an average of 169 days which has been increasing.
Interest rates continue to hover near their lows, and the tax credit provides a strong incentive for first time, and now, repeat buyers to make the most of the values that are out there in our local market.
.JPG)
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.
Friday, May 22, 2009
Owatonna Minnesota Real Estate Buzz for May 22nd
What’s the Real Estate Buzz in Owatonna?
Things were picking up in April and early May. The outlook is brighter with increased activity. It seems that our spring market is about a month behind – just like our spring weather.
We’re predicting that first time home buyers will be the mainstay of this market, along with buyers relocating into Owatonna for their jobs. According to my lending expert Brenda Bednar (through Advisor’s Mortgage) she is taking applications from those two buyer niches. 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 South
east Minnesota Association of Realtors MLS our year to date activity is showing 91 closed residential listings in Owatonna. The average sale price of sold properties is $134,484 which is down from 2008 when the average sale price at this time was $159,861. I believe this trend is due to an increase in bank owned properties and the influx of first time buyers. Our average market time for sold properties is 115 days which is actually down from 139 in 2008 at this time. But looking back, I found that 2007 was 156, 2006 was 138 days and 2005 was 121 days, again for this same period. The market has changed.
At this time 114 homes are pending sale, and we have 214 active residential listings with an average list price of $195,490. They’ve been on the market for an average of 157 days. We hit over 300 listings before the end of 2007, so it’s nice to see that number come down. We have 286 active building lots on the market.
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.
Things were picking up in April and early May. The outlook is brighter with increased activity. It seems that our spring market is about a month behind – just like our spring weather.
We’re predicting that first time home buyers will be the mainstay of this market, along with buyers relocating into Owatonna for their jobs. According to my lending expert Brenda Bednar (through Advisor’s Mortgage) she is taking applications from those two buyer niches. 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 South
east Minnesota Association of Realtors MLS our year to date activity is showing 91 closed residential listings in Owatonna. The average sale price of sold properties is $134,484 which is down from 2008 when the average sale price at this time was $159,861. I believe this trend is due to an increase in bank owned properties and the influx of first time buyers. Our average market time for sold properties is 115 days which is actually down from 139 in 2008 at this time. But looking back, I found that 2007 was 156, 2006 was 138 days and 2005 was 121 days, again for this same period. The market has changed.At this time 114 homes are pending sale, and we have 214 active residential listings with an average list price of $195,490. They’ve been on the market for an average of 157 days. We hit over 300 listings before the end of 2007, so it’s nice to see that number come down. We have 286 active building lots on the market.
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.
Monday, February 16, 2009
What's the buzz in Owatonna Real Estate?
What’s the Buzz in the Owatonna Real Estate Market?
We’ve seen some good showing activity lately, and we continue to be pleased with the values that are available for buyers right now. We like to focus on the many positive things that are happening in our area – things that help buyers understand the opportunities that are out there in our Owatonna housing market.
We still have some zero down programs open to buyers in our community. The interest rates are terrific and offer affordable options like no other time in recent history. We’ve seen a slight drop in available inventory but we expect that to increase as Spring approaches.
So far this year we’ve seen 20 residential sales in Owatonna as compared to 23 for the same time last year. The average sale price of homes is $161,175 which is up from the aggregate average sale price from 2008. It takes an average of 130 days to sell which is (so far) down from 136 days this time last year. We currently have 176 homes in the market and the average list price of those homes is $195,486 with an average time on market of 176 days.
What will 2009 bring? Let’s hope that the stimulus plan, the (up to) $8000 tax credit, and continued low interest rates will help buyers feel comfortable taking the steps they need to become proud homeowners – and we’ll be there to help them.
We’ve seen some good showing activity lately, and we continue to be pleased with the values that are available for buyers right now. We like to focus on the many positive things that are happening in our area – things that help buyers understand the opportunities that are out there in our Owatonna housing market.
We still have some zero down programs open to buyers in our community. The interest rates are terrific and offer affordable options like no other time in recent history. We’ve seen a slight drop in available inventory but we expect that to increase as Spring approaches.
So far this year we’ve seen 20 residential sales in Owatonna as compared to 23 for the same time last year. The average sale price of homes is $161,175 which is up from the aggregate average sale price from 2008. It takes an average of 130 days to sell which is (so far) down from 136 days this time last year. We currently have 176 homes in the market and the average list price of those homes is $195,486 with an average time on market of 176 days.
What will 2009 bring? Let’s hope that the stimulus plan, the (up to) $8000 tax credit, and continued low interest rates will help buyers feel comfortable taking the steps they need to become proud homeowners – and we’ll be there to help them.
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