With COVID-19 dominating the news and impacting the personal and professional lives of us all these days, Chad and I felt it was important to share our perspective on this critical issue.

While we have been fortunate thus far that there have been limited diagnoses of contagion in the Twin Cities, it seems inevitable that there will be more before the threat subsides. 

Having weathered 9/11 and the economic downturn of 2008-2012, we are confident that COVID-19 will run its course.  Yet we cannot know definitively at this juncture how long this will take.

Several of you have inquired whether we’re seeing an adverse impact on the housing market.  With limited inventory in the market – all to your benefit as a current home seller – and with…

Edina Real Estate Market Insight

Quality real estate data has never been more reliable. Fact is, many Realtors don't know how to find or use it. Myself, and the Berg Larsen Group team, analyze market data carefully to help our buyers and sellers. Below are a series of charts that we reference regularly to keep the pulse of the Twin Cities market. If you have questions, let's talk!

The Spring Selling Season: Edina Pending Home Sales

Signs of an early and active Spring real estate market.

Pending Sales in the Twin Cities metro real estate market are rising quickly, as they tend to do in Spring. The bulk of the early uptick in Pending Sales have been in ranges that are showing improvement over past years, namely those homes in values over…

The Spring Selling Season: New Listings by Month

The Twin Cities Spring real estate market is a bit of a chicken and egg question.  Do the buyers come out first, then the sellers respond by putting their homes on the market? Or, do the sellers put their homes on the market drawing out buyers?  What we've seen as a general trend in the Twin Cities, is; over the years, there has been a reliable pattern that sellers begin to put homes on the market in February, after the Super Bowl. From there, the numbers of new listings per month continues to rise.  It will be interesting to see how the 2017 market plays out.

Looking at the chart below, the market saw a peak of new listings in April of 2016 with the highest level of new inventory posted during that…

Downtown Minneapolis Real Estate Market Insight

 Quality real estate data has never been more reliable. Fact is, many Realtors don't know how to find or use it. The Berg Larsen Group analyze market data carefully to help our buyers and sellers. Below are a series of charts that we reference regularly to keep the pulse of the Twin Cities market. If you have questions, let's talk!

The Spring Selling Season: Downtown Minneapolis Pending Sales

Signs of an early and active Spring real estate market.

May, 2017 - Pending Sales in the Twin Cities metro real estate market are rising quickly, as they did this time last year. The bulk of the early uptick in Pending Sales have been in ranges that are showing improvement over past years, namely those…

Spring Charity

During April and May, as we celebrate the coming of green grass, the blooming of flowers and the warming of our lakes, we will be donating $100 for every new listing we put on the market to the local non-profit People for Parks. We’ve asked each Berg Larsen Group agent how they use the local park systems and what they enjoy most about it. Here’s a look at how business partner and professional Realtor Chad Larsen enjoys our park system.

What are some of your favorite features of the park system?
Chad: “I drive the Minneapolis parkways, part of the Grand Rounds Scenic Byway System, daily on my way to my office, to appointments, and on the way home. They are special to me, as it allows me to take in the beautiful…

The Spring Selling Season: New Listings by Month

The Twin Cities Spring real estate market is a bit of a chicken and egg question.  Do the buyers come out first, then the sellers respond by putting their homes on the market? Or, do the sellers put their homes on the market drawing out buyers?  What we've seen as a general trend in the Twin Cities, is; over the years, there has been a reliable pattern that sellers begin to put homes on the market in February, after the Super Bowl. From there, the numbers of new listings per month continues to rise.  It will be interesting to see how the 2017 market plays out.

The real estate market in Minneapolis' Southwest neighborhoods, as demonstrated in the chart below, displays the typical cyclical nature of the…

The Spring Selling Season: New Listings by Month

Compared to 2015, 2016 was significantly more active in terms of new listings.  From the chart, you can see healthy activity in new listings between $500k-$1M (red) in the beginning part of the year, as well as a spike of ten new listings priced between $1M-$2M (green) in May of 2016.  Note the drop off of new listings following June, when they only trickled in until the end of the year.  

This chart is interactive, slide cursor over graph for further information.

If you are interested in buying or selling, we’re here to help you. Our team of professional agents understand the market and are ready to help you in today’s busy real estate market. Contact us today to speak to a member of the team,…

The Spring Selling Season: New Listings by Month

Rolling Green, like other parts of Edina, saw a healthy increase in the number of new listings in 2016 over 2015.  This increase is converse to the trend at the $1M - $2M range (blue). Note the high point in June with six new listings between $2 - 3M (red) and five new listings above $3M (green).  Also, note the decline of inventory in new listings under $2M (blue).

This chart is interactive, slide cursor over graph for further information.

If you are interested in buying or selling, we’re here to help you. Our team of professional agents understand the market and are ready to help you in today’s busy real estate market. Contact us today to speak to a member of the team, 612-925-8411 or…

The Spring Selling Season: New Listings by Month

The Twin Cities Spring real estate market is a bit of a chicken and egg question.  Do the buyers come out first, then the sellers respond by putting their homes on the market? Or, do the sellers put their homes on the market drawing out buyers?  What we've seen as a general trend in the Twin Cities, is; over the years, there has been a reliable pattern that sellers begin to put homes on the market in February, after the Super Bowl. From there, the numbers of new listings per month continues to rise.  It will be interesting to see how the 2017 market plays out.

In this area of Minneapolis (Cedar, Calhoun, Isles), the item of note is the doubling of new listing inventory in the $1-1.9M (green) range…

The Spring Selling Season: New Listings by Month

The Twin Cities Spring real estate market is a bit of a chicken and egg question.  Do the buyers come out first, then the sellers respond by putting their homes on the market? Or, do the sellers put their homes on the market drawing out buyers?  What we've seen as a general trend in the Twin Cities, is; over the years, there has been a reliable pattern that sellers begin to put homes on the market in February, after the Super Bowl. From there, the numbers of new listings per month continues to rise.  It will be interesting to see how the 2017 market plays out.

Along with the general seasonal trends we see in the overall market, the Country Club neighborhood, as noted in the chart below, saw a large…