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Enjoying Semi-Retirement by Keeping Up With the Kids Online.

Category Archives: Uncategorized

Sellers: flat. Buyers: down. Prices: up.

Seller activity was relatively flat in June while buyers pulled back somewhat. For the first time since 2010, new listings surpassed 9,000 in May of this year. That’s encouraging, even though June seller activity was down slightly compared to last year. Increasing or steady seller activity combined with a cool down in demand is consistent with a loosening marketplace. That said, buyers shopping this spring and summer will still face stiff competition. While sellers are receiving full-price-or-better offers in record time, listings still need to show well and be priced properly. June marked the seventh consecutive month of year-over-year declines in closed sales, likely reflecting the shortage of homes for sale.

Strong demand and low supply means sellers yielded an average of 100.3 percent of their list price in June, a record high for any month since at least the beginning of 2003. The shortage is especially noticeable at the entry-level prices, where multiple offers and homes selling for over list price have become increasingly common. The move-up and upper-bracket segments are less competitive and better supplied. Yes, the housing market is tight out there—sometimes frustratingly so. But over 54,000 Twin Cities buyers and sellers have managed to successfully transact real property so far this year.

June 2018 by the Numbers (compared to a year ago)

  • Sellers listed 8,730 properties on the market, a 1.2 percent decrease
  • Buyers closed on 7,063 homes, a 8.1 percent decrease
  • Inventory levels for June fell 15.9 percent compared to 2017 to 11,374 units
  • Months Supply of Inventory was down 14.8 percent to 2.3 months
  • The Median Sales Price rose 5.7 percent to $271,900, a record high
  • Cumulative Days on Market declined 14.6 percent to 41 days, on average (median of 16)
  • Changes in Sales activity varied by market segment
    • Single family sales sank 7.1 percent; condo sales rose 8.4 percent; townhome sales declined 13.7 percent
    • Traditional sales fell 6.6 percent; foreclosure sales sank 39.3 percent; short sales dropped 39.0 percent
    • Previously-owned sales fell 7.4 percent; new construction sales decreased 4.3 percent

from Blog – Minneapolis Area Association of Realtors https://www.mplsrealtor.com/blog/sellers-flat-buyers-down-prices-up/
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Update on the Office Market via Real Capital Analytics

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=qM7g43IOII4
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Health of the MOB Market from Real Capital Analytics

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=ccwB8I9VUVM
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Bald Eagle #18-2001

On July 14, an adult Bald Eagle was admitted to the Wildlife Center from Lake Anna in Louisa County. The bird reportedly fell from a tree; the eagle was initially taken to a permitted wildlife rehabilitator, who then transferred the bird to the Wildlife Center.

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/critter-corner/current-patients/bald-eagle-18-2001
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Black Bear #18-1952 update

Black Bear #18-1952 is quiet but alert in the Center’s Bear Pen enclosure; she’s eating readily and has been observed walking in the enclosure. The bear received her one dose of oral medication on Thursday, July 12. The bear will be darted and sedated on July 25 – two weeks after admission – for additional skin scrapes, blood work, and a physical examination.

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/critter-corner/patient-updates/black-bear-18-1952-update
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Great Horned Owlets of 2018 update

The four owlets are doing well with Papa G’Ho in flight pen A2. The birds can often be seen interacting with each other on Critter Cam; they often preen each other in between their naps. The birds haven’t started a formal exercise program yet since they won’t be released until the fall, but the rehab staff has started offering “practice mouse school” on Sundays. Several live mice are left in a large tub in the flight pen in addition to the owlet’s regular meal of dead mice and rats.

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/critter-corner/patient-updates/great-horned-owlets-2018-update-2
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Bald Eaglet #18-1139 update

Bald Eaglet #18-1139 is doing well in flight pen A3. Wildlife rehabilitation intern Shannon reports that the eaglet has been flying an average of four to six passes during each exercise session and that the bird’s stamina is improving week to week. The rehab staff will aim to have the eagle fly an average of five to 10 passes during exercise during the coming week.

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/critter-corner/patient-updates/bald-eaglet-18-1139-update-2
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Top 5 Current Issues Affecting Real Estate

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=uyF8zNhn-wg
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Top 5 Long Term Issues Affecting Real Estate

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=WbSOsVhnvy4
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Black Bear #18-1952

On July 11, an adult female Black Bear was admitted to the Wildlife Center. The severely thin and mangy bear had been seen in Loudoun County; DGIF biologists were able to trap the bear on July 10 to bring her to the Center for treatment.

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/critter-corner/current-patients/black-bear-18-1952
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