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Edina, MN Real Estate News

Kim Melin | Coldwell Banker Burnet | 952-844-6246 6016 Fairfax Ave, Edina, MN Sought after Concord school district. Lots of space and storage. Room for everyone. 3BR/1.5BA Single Family House offered at $374,988 Year Built 1953 Sq Footage 2,103 Bedrooms 3 Bathrooms 1 full, 1 partial Floors 1 Parking 2 Car garage Lot Size 9,576 sqft HOA/Maint $0 per month DESCRIPTION East Edina Rambler. Ready to go for you! Newer roof, stainless steel appliances, gleaming hardwood floors. 2 cozy wood burning fireplaces.Hurry in and enjoy the screened porch and great setting.Updated with ample storage! see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace Hardwood floor Family room Living room Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Microwave Stainless ste...
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       With an increased sale price and an increase of pending sales....are we there yet?  Sure feels as though we are getting back to a point of fun in the Real Estate community.  Check out the most recent market information as reported by the Minneapolis Area Association of Realtors.    Edina Hennepin County, MN 2007 2008 Change 2007 2008 Change New Listings 177 169 - 4.5% 779 715 - 8.2% Closed Sales 74 48 - 35.1% 247 188 - 23.9% Average Sales Price $392,826 $500,258 + 27.3% $473,109 $505,937 + 6.9% Percent of Original List Price Received at Sale* 96.2% 93.0% - 3.3% 94.9% 93.5% - 1.6% Average Days on Market Until Sale** 143 134 - 5.7% 153 153 + 0.3% Single-Family Detached Inventory 269 273 + 1.5% -- -- -- Townhouse-Condo Inventory 214 210 - 1.9% -- -- -- May Year to Date *Does not acc...
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Since April 2008, there have been 59 single family houses that have moved to pending.  This means that they have "sold" , but are waiting for the close date.  The median price in right around $439,000 with 49 days on market. There have been 67 homes that have sold/closed.  The average days on market were 67 days with an average sold price of $192 per finished square foot.  We are finding activity in the market now!  It sure feels good!  Please call with any questions!
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By Shari Kay Hunter
Thank you to previous clients and business partners. Should you wish to connect with me, call 612-250-9252. I will attempt to direct you to resources to assist you in your purchase or finance. Best wishes, Shari Kay Hunter
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By Marzena Melby, Realtor, Twin Cities Minnesota Real Estate
(Coldwell Banker Burnet Realty)
Single Family Homes April 2008 Edina real estate market continues to slowly wake up this spring. April weather in our area was finicky. Temperatures below average, rain and even some snow (mostly in western and northwestern Minnesota, those areas received 6-12 inches!). Since weekends are usually the time when most people shop for homes, the weather halted that activity a couple of times.As you see, there are many homes that have been on the market for months now. The total market time of currently active listings ranges from 3 days to whaping 777 days, and the average is 160 days on the market. Again, home owners whose homes are currently on the market are seeing an increased showing activity. Our appointment center is noting a significantly higher appointment call volume. Currently a...
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By Eric Kodner, Wayzata Lakes Realty: Twin Cities, Madeline Island
(Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes)
Crave Restaurant in Edina, Minnesota is featuring live Jazz every Friday evening, at 8:30 p.m. You'll see Jazz pianist Laura Caviani, with guest artists like Debbie Duncan, Patty Peterson and Dorothy Doring performing live at the popular Edina nightclub.  The Laura Caviani Trio has maintained a weekly presence at Crave since the beginning of the year.  In February, I saw the Trio (Laura Caviani on keyboard, Tom Lewis on bass and Phil Hey on drums) at Crave with blues stylist Debbie Duncan.  Debbie and the Trio delivered their usual powerhouse performance of jazz and blues tunes, including "Blame it on My Youth", "Blue Skies", "Our Love is Here to Stay", "I'm Beginning to See the Light" and "If I Were a Bell, I'd be Ringing (sung by guest vocalist Nancy Harms).  Crave is a little crowded...
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Kim Melin | Coldwell Banker Burnet | kim@kimmelin.com | 952-844-6246 5804 Fairfax Ave., Edina, MN PENDING 3 Bdrm Single Family House offered at $429,988 Year Built 1960 Sq Footage 2,505 Bedrooms 3 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Car garage Lot Size 6,517 sqft HOA/Maint $0 per month DESCRIPTION Spacious 3 bdrm, 3 BA,1 1/2 Story in Concord's East Edina neighborhood,1st flr FR w/FP,main master,hdwd flr,turn key & modern feel! Newer stucco,new front stone,windows,new BA-10+!Lrg gar w/priv driveway Walk to 50th & France see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace Hardwood floor Tile floor Family room Living room Bonus/Rec room Dining room Dishwasher Refrigerator Stove/Oven Microwave Basement Washer Dryer Balcony, Deck, or Patio OTHER SPECI...
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Kim Melin | Coldwell Banker Burnet | 952-844-6246 5933 York Ave, Edina, MN Absolutely turn key and ready for you. Pottery Barn Fresh. Great eat in kitchen with updated colors, and styles throughout. 3 Bdrm Single Family House offered at $279,988 Year Built 1951 Sq Footage 1,085 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 6,597 sqft HOA/Maint $0 per month DESCRIPTION This charming 1 ½ story 3 bedroom, 1 bath “Pottery Barn” fresh in East Edina is glowing and ready for you! Lovely presence and entrance into the inviting living room. Don’t miss the special coved ceilings and loads of sunlight. * 2 car garage(plus storage) * Fenced back yard * updated bathroom * large eat in * kitchen * hardwood floors * updated kitchen * patio * nicely landscaped yard * La...
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By Chris Prescott - Minnesota
(Coldwell Banker Burnet)
The remodelers home tour is March 28 - 30th so get out and take a look at what's available.  There are a couple of great homes in Edina - The one below is #46 and is on Rolf Avenue at the end of the cul-de-sac above Normandale Park.  It's available for sale for $824,500, so please call me if you miss the tour and want to check it out!  I thought it was a very nicely done walkout with an unfinished basement...
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By Marzena Melby, Realtor, Twin Cities Minnesota Real Estate
(Coldwell Banker Burnet Realty)
Are you looking for Edina homes listed in MLS?                                     Maybe you are wondering if it's a good time to buy.  With stock market on a "roller coaster" ride and the economy quite unstable, the time has not been better in years.Prices are LOW and interest rates are LOW!The question is: is this a good time for you to buy a home or investment property?  For more information check out my website by visiting http://www.minneapolisstpaulrealestate.info/ For lower income home buyers, there's a special loan program that enables them to buy a home with only $1,000 out of pocket.  Read more  Think you can't afford to live in Edina?  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Contact Marzena M. Melby, Broker/Partner, Counselor Realty, Inc...
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Kim Melin | Coldwell Banker Burnet | 952-844-6246 7408 Coventry Way, Edina, MN Awesome ownership opportunity...NON MLS. Investor looking to sell quickly. Had home sold for $85,000 MORE last year. Call for details. Lower lev 5 Bdrm Single Family House offered at $649,988 Year Built 1977 Sq Footage 3,500 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 12,909 sqft HOA/Maint $0 per month DESCRIPTION NON MLS*CALL FOR APPOINTMENT see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Tile floor Family room Living room Office/Den Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Basement Laundry area - inside Balcony, Deck, or Patio Yard OTHER SPECIAL FEATURES 3 car garage Short Cul De Sac ...
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By Kim Melin
(Edina Realty)
Finally....what we have been waiting for!  A real sense of business as "more" usual!  You can really feel the increase of activity in the market.  The areas that seem to currently have the most success are the houses between 500-650,000 as well as under $300,000. With the Edina Housing foundations second mortgage program: ComeHome2Edina.com buying a home in Edina is more obtainable than we have seen in awhile!  Visit www.KimMelin.com for current market statistics.
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By Marzena Melby, Realtor, Twin Cities Minnesota Real Estate
(Coldwell Banker Burnet Realty)
 Thanks to the Edina Housing Foundation (EHF), you can purchase a home with just $1,000 cash out of pocket. This program was designed as an incentive for young lower income families to move into the city after the 2000 census identified that over 25% of Edina homeowners are over 65 years of age.This is a second mortgage program that works in conjunction with the first mortgage. You may borrow up to $60,000. The loan officer will determine the maximum amount you can qualify for. There are income and asset restrictions. For example, a single individual's maximum income should be $55,000, or less; a family of 2-4 should have a total household income of $63,000, or less.  So, what's available in Edina for under $325,000? 35 single family homes,  2 under $200,000   6 townhomes,              ...
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By Michael Lynch
(Lakes Sotheby's International Realty)
Did you know that the average person knows more than 250 people?  That means that if you know 250 people and all those people know 250 people you have access to 62,500 people!  You need to get out of the real estate business and get into the lead generation business (I'm not talkin the pay per lead...lead generation business).  You should be thinking lead generation all the time.  How many of those 62,500 need to buy or sell in the next 365 days for you to consider it a great year? Would .1% work...62.5 deals?  How do we get this done?  You need to work your 250.  You need to systematically stay in contact.  You must become the "trusted real estate adviser" for your 250.  You need to give before you can receive!  Add value!  Prove to them that you are a professional and that you can be ...
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Kim Melin | Coldwell Banker Burnet | 952-844-6246 7408 Coventry Way, Edina, MN Awesome ownership opportunity...NON MLS. Investor looking to sell quickly. Had home sold for $85,000 MORE last year. Call for details. Lower lev 5 Bdrm Single Family House offered at $649,988 Year Built 1977 Sq Footage 3,500 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 12,909 sqft HOA/Maint $0 per month DESCRIPTION NON MLS*CALL FOR APPOINTMENT see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplace High/Vaulted ceiling Walk-in closet Tile floor Family room Living room Office/Den Dining room Breakfast nook Dishwasher Refrigerator Stove/Oven Basement Laundry area - inside Balcony, Deck, or Patio Yard OTHER SPECIAL FEATURES 3 car garage Short Cul De Sac ...
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Kim Melin | Coldwell Banker Burnet | 952-844-6246 7717 Marth Court, Edina, MN A magnificent redux in a premier Edina neighborhood. 5 Bdrm Single Family House offered at $1,895,000 Year Built 2007 Sq Footage 5,185 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 17,835 sqft HOA/Maint $0 per month DESCRIPTION A thoughtful and elegant floor plan is sure to please- as well as the myriad amenities you'll find. Master craftsmanship and materials abound in this exquisite home which puts the "luxe" in deluxe! v Art nooks throughout home v Walnut hardwood floors v Richly appointed main floor office v Dining room with built-in buffet and granite counter top v Vaulted living room with a wall of windows, Venetian Plaster walls, gas FP, built-ins, and space! v High end ...
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By Chris Prescott - Minnesota
(Coldwell Banker Burnet)
What a great game last night!  Shootouts, Overtime - Edina Wins!!! Edina 4, Burnsville 3   (Details from the STARTRIBUNE) The blood dripping down Anders Lee's nose after the game at Mariucci Arena suggested the kind of battle the Hornets had with the Blaze before knocking it off in overtime. Truth is, however, one of Lee's teammates drew blood in the postgame celebration after Lee's goal gave the Hornets the Class 2A Section 2 title and a trip to the state tournament.See the rest of the story...http://www.startribune.com/sports/preps/16060267.html 
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