Mill District Listing Update for March 21, 2011

Click below to meet new arrivals at Riverwest, the Carlyle, American Trio and Zenith. Each has something unique to offer.  I'm a big fan of the warm exposed brick and old arched window frames at American Trio.

New listings in the Mill District...

Here are all currently active Mill District listings on the mls.  You'll see plenty one bedroom homes to chose from where prices are most competitive at Riverwest.  The Carlyle offers some great new 2 bedroom listings and also brings a rare 3 bed/ 4 bath home on 34th floor where stellar views inlcude both city and river.  Bridgewater and Zenith also feature some hard to find 3 bedrooms and both are located across from Gold Medal Park, where you'll find park, river, Guthrie, and skyline views.  Of course, the pioneer buildings of the riverfront still create the buzz…check out interior photos and views from the premier Washburn Lofts, 700 2nd St South.  Must see it to believe it!

All listings in the Mill District...

This Mill District Listing Update is provided by Holly Holt with The Cynthia Froid Group located in the Mill District of Downtown Minneapolis.

Mill District Open Houses This Weekend

Spring means touring open houses in slip on shoes and sassy jackets…yes! New construction sales centers will be staffed for the official home tour; they include Bridgewater and Zenith Condominiums in the Mill District. Views will be of the Gold Medal Park, Mississippi River, or Downtown Minneapolis. We also see a viewing opportunity at North Star Lofts #402. While out shopping, it's always a good idea to have lunch at Spoonriver or Sea Change at the Guthrie Theater. Have fun!

View open houses list...

This Mill District Listing Update is provided by Holly Holt with The Cynthia Froid Group located in the Mill District of Downtown Minneapolis.

Guthrie Sign on 2nd St S

The Guthrie Theater is located in the Mill District of Minneapolis.

Thinking About Selling Your Home? 4 Reasons to do it Now

The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season’. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief that is about to fall. Here are 4 reasons why:

1.) Interest Rates Are On the Rise

Interest rates have spiked up rather dramatically over the last ninety days and are now over 5%. Initially, an increase in rates has a positive effect on the market as it forces buyers off the fence. However, it also eats into a buyer’s purchasing power. As rates increase, the mortgage amount a buyer qualifies for decreases. This will eventually have a negative impact on prices.

2.) Your Dream Home Will Never Be Cheaper

If your family goal is to sell your current house and take advantage of the fabulous selection of properties currently available to buy the home of your dreams, DO IT NOW! Prices will continue to soften in most markets. However, if you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the time.

3.) Buyers Are Out Early

There is mounting evidence that buyers are coming out earlier this year. A belief that now is a good time to buy coupled with the increase in interest rates has started the buying season early.

Pete Flint, CEO of Trulia:

“We’re seeing a national resurgence of buyer and seller activity on Trulia.com. In January alone, we experienced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70 percent year-over-year growth. We’ve are now experiencing 100,000 property views per minute.”

The National Association of Realtors just reported that the number of house  sales increased 12.9% over last month.

4.) Inventory Increases Every Spring

Every year there is an increase of inventory which comes to market as we approach the spring. Here is the number of listings available for sale in 2010.

February – 3,531,000

March – 3,626,000

April – 4,029,000

We believe there is a pent-up selling demand created by the weak market of the last few years. You won’t have to worry about this increasing competition if you sell now.

Downtown Market Update

By price range:

#1 - Top 10 Signs You're Ready to Move Downtown

1. All of the cool kids already live here!

Guthrie Theater and Surrounding Views

Some great shots of the Mill District neighborhood.

Lot's of Activity in the Condo Market - Listing Update for the Mill District

Mill District Updated Listings

Three new pending home sales for the Mill District this week: one at the Carlyle and 2 at Riverwest..we hope you didn't have your eye on any of these! 

View updated listings for the Mill District...

All Mill District Listings

The Mill District has a little of everything to offer this week, with 69 currently active listings.  Follow the link here to see homes at Riverwest, 607 Washington, American Trio, Bridgewater, Park Ave Lofts, Zenith Condominiums, Humboldt, North Star, Stone Arch and Washburn Lofts.  You'll find views of the Mississippi River, Gold Medal Park, Stone Arch Bridge, Guthrie Theater, Mill Ruins and Downtown Minneapolis Skyline.  Check out the beauty of river facing #42 at Washburn Lofts…700 2nd St South.  Wow!

View all Mill District Listings...

This Mill District Listing Update is provided by Holly Holt with The Cynthia Froid Group located in the Mill District of Downtown Minneapolis.

Mill District Open Houses This Weekend

This weekend promises to provide gentle temperatures for your condo viewing adventures.  So far open houses have posted for Bridgewater and Park Ave Lofts, though the Zenith sales center will be open as well and, as always, you're sure to stumble upon a few realtor signs while out and about.

View the open house list...

This Mill District Listing Update is provided by Holly Holt with The Cynthia Froid Group located in the Mill District of Downtown Minneapolis.

Washburn Lofts #42 - Featured Mill District Listing

Washburn Lofts #42 is a premier address with a gracious nod to the past. Listed on the National Register of Historic Places, this home will impress the most discerning guest. Large windows frame stunning views of the Stone Arch Bridge, the Mississippi River, St. Anthony Falls, and much more. A unique opportunity lies with the adjacent #41, a non-mls listing also for sale. Both units could be combined for a phenomenal custom-designed loft. 2 parking spaces included with each home.

• Fireplace
• Custom Closets
• Gourmet Kitchen with Sub-Zero and Wolf appliances
• Exposed Limestone walls in bedroom
• Amazing Mississippi River views

Photos of Unit 42

Listed with the Cynthia Froid Group

All photos spacecrafting.com

3 Year Median Home Sale Prices

For Downtown Minneapolis.

The Mill District is a neighborhood in Downtown Minneapolis.

#2 - Top 10 Signs You're Ready to Move Downtown

2. Downtown has become the new "white picket fence."

Reminiscences by Julia & Irina Elkina at MacPhail Center for Music

The MacPhail Center for Music is located in the Mill District of Minneapolis.

Mill District Listing Update for March 7, 2011

Last week brought several great new listings to the Mill District market including 5 of the most sought floor plan:  a 2 bedroom and 2 bath home with a view.  It seems just about everyone wants a nice home of this type in the 1400-2000 square foot range.  Empty nester couples want to downsize, but would still like a guest room or home office.  Young couples think perhaps they'll start a family soon and need the extra space. Many single professionals are working from home and love the convenience of a separate office.  The Murphy bed is Hot these days as it can easily be part of a custom home office! New 2 bedroom listings can be found at the Carlyle and Bridgewater this week.  If you're in the market for something a little larger and would like your new home to include a separate office and 2nd bedroom, Bridgewater is also offering a great 3 bedroom floor plan, and Riverwest has another very affordable one bedroom in a building that offers views, luxury and amenities galore.

View last week's updated listings...

View all Mill District listings...

This Month in Real Estate

National market update