“Buyer Needs” Edina Realty Networking Meeting

Every Tuesday morning real estate agents at Edina Realty meet to discuss current topics relating to the industry and do some internal networking.  The networking consists of announcing “pre-lists”, homes that will be listed in the near future, “buyer needs”, the agent is working with a buyer but the buyer isn’t finding what they’re looking for, price reductions, open houses, broker opens etc.

This open forum is often a good indicator of what’s going on in the market.  This past Tuesday (2/19/13), here is the list of “Buyer Needs”

Edina, Eden Prairie, West Bloomington, Minnetonka – townhome – 1 level walkout – up to $500,000

Edina Dewey Hill, Lewis Ridge, West Bloomington or Minnetonka – condo – 1800+ sq ft – $250,000-400,000

St Louis Park, Minnetonka, Edina, Eden Prairie – rambler, updated – up to $350,000

Shakopee – Pheasant Run n’hood and South of 169 to 17th Ave, West CR 77 East to CR 79 – 3+br/2+ba/2+ car – $225,000-275,000

Edina, SW Mpls – 2 story or rambler – 2500+ sq ft – 3+br/2+ba/2+ car – updated with a t least 3 bdrms on one level – $500,000-750,000

Bloomington, Eden Prairie – 1 level living – 3+br/2+ba/2+ car – built 1994 or newer – $225,000-400,000

Mpls Lake Harriet area – Craftsman Bungalow – 2800+ sq ft – 4+br/3+ba/2+ car – $350,000-800,000

Bloomington – large private lot, can be fixer upper – up to $300,000

SW Mpls, Linden Hills, Edina – 3br/2ba/2 car – ok if needs renovating – $200,000-350,000

St Louis Park, Minnetonka, SW Mpls, Eden Prairie – condo, townhome or single family – up to $250,000

Wayzata, Minnetonka, Eden Prairie schools – 2 story, 2+ story – 2000+ sq ft – 3+br on one level/2+br/2+car – $300,000-375,000

Bloomington, Edina – 1 story – move in condition – $350,000-500,000

Twin Cities area – 800+ sq ft – 2+br/1+ba – $75,000-120,000

Mpls – condo – Carlyle building – facing South and West – about the 25th Floor – 2+br/2+ba/2+ car  – 2500+ sq ft

Mpls, St Louis Park, Edina – $280,000-400,000

North East Edina – up to $1.4 million

Edina, Minnetonka, Wayzata, Chanhassen – 4+br/3+ba – newer build preferred – up to $1 million

Edina townhome – 3 br – $500,000-600,000

Eden Prairie, Edina, West Bloomington – walk out rambler or 2 story with master on main – 3+br/2+ bath – $450,00-600,000

I share this list with you for two reasons. One is that I think it speaks volumes of where the market is headed.  Each one these represents a buyer working with an agent that can’t find the home in the area, style and price category they want.  And that’s just from our one office. Right now there are many more buyers than homes available.  It’s a great time to sell.

Two is that if you have a home that fits one of the descriptions in the list, or know of a home that does, now is a good time to contact me or your agent since we already have a buyer waiting for you.