In the Twin Cities region, more millennials and first-time home buyers in 2018 will feel the squeeze of low inventory and rising prices from over the last year. These buyers, who typically want an affordable home priced at $300,000 or less, now have fewer options.
As home prices continue to rise, larger, move-in ready properties are edging out of the first-time buyer's price range. Baby boomers, who are often the ones selling the homes that first-time buyers are seeking, are staying put longer due to lack of affordable new development in the condo and town home market.
Non-traditional neighborhoods and first and second ring suburbs – such as Richfield, Robbinsdale and Columbia Heights – are seeing increased activity as buyers expand their search area to find a home that fits their budget.
Data and insight provided by RE/MAX INTEGRA, Midwest. Data reflects January-November 2017 and the same time frame for 2016
With the spring months approaching rapidly, and beautiful developments popping up around us every day, you may be wondering if building is for you. Building your home is a fantastic way to create the home of your dreams, tailoring it to your specific needs. The spring Parade of Homes is in full bloom, so check out the wonderful line up today. RE/MAX Professionals has homes featured in the Parade this year in both Baytown Township and Lake Elmo, Minnesota.
One home that we are representing on the tour is house number 18 located at 3142 Norcreast Ave in Baytown Township built by Gonyea Homes and Remodeling. Gonyea is a recognized leader in quality, new home construction and renovation.
Some specific features you will love about this home are the stunning stone fireplace to gather around when the day is done in the family room. The perfect feature to accommodate the cold Minnesota winters. With huge picturesque windows throughout the house you can take in the tremendous views as the seasons change around you. Spacious walk-in closets will provide more room than you imagined for your wardrobe. And we can't forget the indoor sport court when you want to get active, no matter the season. You don't want to miss previewing this 4300 square foot, 5 bedroom and 5 bathroom home. There are still several lots available in this development to build the home of your dreams, plus additional opportunities to build with Gonyea throughout the Twin Cities. Contact Jonathan Lindstrom or Nicholas Henton at 651-439-7672 or Click Here for more details.
Another home represented on the tour by RE/MAX Professionals is house number 67 located at 11352 Blazingstar Lane in the scenic Wildflower development in Lake Elmo built by Landmark Custom Homes and Remodeling. Landmark has helped families for over 30 years build and remodel homes that exceed their expectations.
This gorgeous home features a state of the art gourmet kitchen. You will feel like a professional chef with the double ovens, walk-in pantry and 10 foot center island. The family room will be the place to be, featuring a beautiful fireplace and large windows overlooking your landscaped backyard and patios. The upper level features 3 large bedrooms and 2 bathrooms. When you need time to wind down, the walkout level has an astonishing wet bar. For everything from entertaining guests to having a fun night in, this home is sure to impress. The Wildflower at Lake Elmo homes are ready to build and feature the perfect balance of natural Minnesota habitat and carefully crafted homes. Do not miss this 5300 square foot 6 bedroom and 5 bathroom home. Contact Amy Zuccone at 651-357-7696 or Click Here for more details.
Are you wanting to move this year, but are having a hard time finding the right home for you? Inventory is at record lows right so it may make sense to build your next home, especially if you have very specific needs. The Twin Cities is booming real estate market, with a vast number of options to make your dream home a reality.
There are many options in the Twin Cities from custom builds on acerage to large developments with great amenities. Whatever your desires are, our professional REALTORS can assist you in finding the best builder for you. Use this list of top builders in the Twin Cities, according to BATC, to start doing your research and find what suits you best. The Spring Parade of Homes is just a few weeks away, where you can preview many of these builders and perhaps even get some great deals.
2. CalAtlantic Homes
4. D.R. Horton, Inc
5. Mattamy Homes
6. K. Hovanian Homes of MN, LLC
7. Hanson Builders Inc
8. Robert Thomas Homes, Inc
9. Gonyea Homes, Inc
10. M/I Homes
11. Capstone Homes, Inc.
12. KEY LAND HOMES
13. Country Joe Homes
14. Brandl Anderson Homes, Inc.
15. Charles Cudd Co. LLC
16. Eternity Homes, LLC
17. Sharper Homes, Inc.
18. Creative Homes, Inc.
19. LDK Builders, Inc.
20. Donnay Homes, Inc.
21. Progressive Builders, Inc.
22. Centra Homes, LLC
23. GBI Homes, Inc.
24. McDonald Construction, Inc.
25. Ron Clark Construction
When building new, it can be fun to incorporate some of the latest design trends. One trend for 2017 homes is reclaimed wood. Reclaimed wood has become extremely popular over the past few years, in everything from furniture to decor.
Courtesy of HGTV
Another big trend for 2017 is the farmhouse style. Lots of modern homes are being updated to look more like a rustic farmhouse especially in the suburbs. This style tends to focus on lighter or neutral colors mixed with traditionalpatterns and unique decor.
Courtesy of HGTV
Acrylic decor is also a trend that has been very popular over the past several years. Larger pieces such as coffee tables or television stands make almost any room come together.
Courtesy of HGTV
In 2017 Navy will be the new black, it works well with grays and bright colors such as red or yellow. It can give any room a nice dark pop when paired with a light color or just white. 2017 is your year to make the most out of your new home with some style trends that are here to stay for a while.
Courtesy of HGTV
2016 was a record year for RE/MAX Professionals and we had a great time celebrating at our annual Holiday Party & Awards Celebration. The brokerage was named one of the top 30 brokerages in the Twin Cities, based on units sold. The total number of transactions were up 11.3% in the past year. Total volume increased 25.6% to $132 million over the past year, and our per agent productivity increased to 19 transactions. This led to RE/MAX Professionals being ranked #4 RE/MAX brokerage in Minnesota based on units sold.
RE/MAX Professionals could not have done it without our outstanding associates. RE/MAX Professionals inducted a total of 8 members into the Executive Club in 2016. The Executive Club level is the sixth highest international honor for sales in a single year. Only 20% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Executive Club level in 2016. The recipients were Perry Abel, Andy Calton, Brittney Dahl, Elisa Eesley, Charlene Foltz, Dan Harrison, Tony Khambata, and Jeff Nivala Jr.
RE/MAX Professionals inducted a total of 8 members into the 100% Club in 2016. The 100% Club level is the fifth highest international honor for sales in a single year. Only 30% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the 100% Club level in 2016. The recipients were Caroline Anderson, Anne Clancy, Justin Culley, Justin Fox, Hollie Hernandez, Aundrea Paskett, and Amy Zuccone.
RE/MAX Professionals inducted a total of 3 members into the Platinum Club in 2016. The Platinum Club level is the fourth highest international honor for sales in a single year. Only 9% of more than 1,700 RE/MAX INTEGRA, Midwest associates in Minnesota achieved the Platinum Club level in 2016. The recipients were Jonathan Lindstrom, Thad Rich, and Mike Vizenor.
RE/MAX Professionals inducted 1 member into the Chairman's Club in 2016. The Chairman's Club is the third highest international honor for sales in a single year. Only 1% of more than 1,700 RE/MAX INTEGRA Midwest associates in Minnesota achieved the Chairman's Club level in 2016. Our very own Mark Mason was the recipient of this award in 2016.
In addition to being named into the Chairman's Club, Mark Mason was also inducted into the Hall of Fame in 2016, a significant milestone based on sales volume with RE/MAX. The Mason Team was awarded the top team at RE/MAX Professionals in transactions, completing 90 transactions in 2016.
Anne Clancy was awarded the On Fire award which is awarded to the individual or team that had the largest increase in production over the year prior. Anne had a 109.6% increase in volume for a total of 9 million in production.
Brittney Dahl was also presented with the On Fire award for the largest increase in transactions over the year prior. Brittney had an 85.7% increase in transactions.
Thad Rich was named the #1 individual agent at RE/MAX Professionals in volume and transactions with 12.1 million in volume and 43 transactions.
The Jonathan Lindstrom Real Estate Group was named the #1 team in Volume with 22.3 million in sales volume.
When asked about the success of his agents, broker and owner Justin Fox had this to say, "RE/MAX Professionals continues to be home to the most productive, independent real estate entrepreneurs. We continue to support productive real estate professionals with progressive leadership and technology. We're thrilled to recognize our associates on their outstanding achievements this year."
Congratulations to all of our award recipients in 2016. Their hard work and service-first attitude shows.
Congratulations to our hardworking, experienced associates that have maintained our #1 Market Share Position in Rosemount. Way to go, team!
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and 37.7% nationwide!
Buying a home makes sense socially and financially. If you are one of the many renters out there who would like to evaluate your ability to buy this year, meet with a local real estate professional who can help you find your dream home.