Ben Ganje + Partners 2014 TRENDS

Having a realtor with a clear strategy and a track record of success will help you get the most out of the current market. Our insights, comprehensive local knowledge, and commitment to outstanding service will ensure that your next real estate experience is exceptional from start to finish. Whether you are looking to buy or sell, let Ben Ganje + Partners personalize a plan that’s just right for you by scheduling a complimentary consultation.

yoururbanlife.com

Ben Ganje, REALTOR®

Josh Neumann, REALTOR®

Erin Habedank, REALTOR®

Lauren Hedelson, Transaction Coordinator

o. 952.230.3163 c. 612.460.5638 e. ben@yoururbanlife.com

c. 612.206.4262 e. josh@yoururbanlife.com

c. 952.217.7632 e. erin@yoururbanlife.com

o. 952.230.3108 c. 612.615.6625 e. lauren@yoururbanlife.com

Minneapolis

Market Update 2014

Minneapolis. Live it. Love it. Sell it. There’s more to enjoy about our city than ever before.

Whether you want to walk to work, bike around the lakes, or live steps away from your favorite shops and cafes, we have the experience helping clients achieve their real estate goals.

Some realtors do business in Minneapolis—we live it! Our team resides in every corner of the city, from the Nor th Loop to Lake of the Isles. As your neighbors, we use our area knowledge to help you select from unique homes in a variety of locations and price points while providing a quality service that’s exclusive to Ben Ganje + Partners.

In this Minneapolis Market Update, we’ve provided you an overview of the current marketplace conditions, local sales highlights, and select Lakes Sotheby’s listings so you can get star ted envisioning your new urban life. We’ve also included a sampling of international listings to showcase incredible homes around the world.

In 2013, we were thrilled to be the top Real Estate team in Minneapolis. To those who have trusted us to represent you, we sincerely thank you for your business.

As 2014 unfolds, we look forward to the oppor tunity to offer you outstanding results, and wish you a happy, healthy and prosperous year.

Best Regards, Ben Ganje

Minneapolis market update

8.1% increase

total closed sales from 2012

Ben Ganje + Partners 2013 • #1 team in Minneapolis •# 1 sales team at Lakes Sotheby’s • $43.6M in total sales • 74 buyer transactions • 43 listings sold

“ O ur business in life is not to get ahead of others, but to get ahead of ourselves–to break our own records, to outstrip our yesterday by our today.”

- Stewar t B Johnson

Percent of original sale price received

96.2%

53 days on market

Down from 114 in 2012

The market is on the rise– highest number of sales since 2005.

2013 was exciting year in the Minneapolis real estate market as it continued along the road to recovery.

What was once a market burdened with excessive foreclosures and shor t sales quickly turned into a fast paced, multiple-offer environment. The triple threat combination of low interest rates, affordable home prices, and a growing economy created a hungry buyer market.

Looking ahead to 2014

According to the Minneapolis Area Association of Realtors, “The American Dream was alive and well in 2013, as US citizens proved that they still want a stake in the action. With countless benefits to families, cities and regions, homeownership continues to be the fabric of our communities, and we expect the national and local housing morale to remain sharp in 2014.”

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1305 Mount Curve Ave Bed: 3 Bath: 4 SF: 3,980

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2677 E Lake of the Isles Pkwy Bed: 5 Bath: 3 SF: 2,937

SOLD: $1,780,000

SOLD: $1,095,000

Buyer represented by Lakes Sothebys Dan Hollerman. Seller represented by Coldwell Banker Burnet.

Seller represented by Lakes Sothebys Hornig & Regan. Buyer represented by Lakes Sothebys - Karen London.

100 3rd Ave S #1902 Bed: 4 Bath: 4 SF: 3,382

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1613 W 25th St Bed: 5 Bath: 6 SF: 5,946

SOLD: $1,775,000

SOLD: $1,025,000

Buyer represented by Lakes Sothebys Ben Ganje + Partners. Seller represented

by Coldwell Banker Burnet.

Buyer represented by Lakes Sothebys Debbie McNally. Seller represented by Coldwell Banker Burnet.

2603 Newton Ave S Bed: 5 Bath: 4 SF: 5,270

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3403 W 28th St Bed: 3 Bath: 3 SF: 2,625

SOLD: $1,580,00

SOLD: $990,000

Buyer represented by Lakes Sothebys Debbie McNally. Seller represented by Coldwell Banker Burnet.

Buyer represented by Lakes Sothebys John Wanninger. Seller represented by Coldwell Banker Burnet.

700 2nd St S #W42 Bed: 1 Bath: 2 SF: 3,980

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100 3rd Ave S #1002 Bed: 2 Bath: 3 SF: 2,282

SOLD: $1,100,000

SOLD: $960,000

Buyer represented by Lakes Sothebys Ben Ganje + Partners. Seller represented

by Keller Williams Integrity Lakes.

Buyer represented by Lakes Sothebys Ben Ganje + Partners. Seller represented

by Bjorkland Realty.

1004 Mount Curve Ave. Bed: 5 Bath: 7 SF: 5,584

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2617 28th St W Bed: 5 Bath: 4 SF: 3,685

SOLD: $1,100,000

SOLD: $935,000

Seller and Buyer represented by Lakes Sothebys/Debbie McNally.

Buyer represented by Lakes Sothebys Denise Hertz. Seller represented

by Coldwell Banker Burnet.

Lakes Sothebys

Top 2013 Minneapolis

Sales

Minneapolis Market Update 2012 - 2013

Minneapolis Inventory

Highest number of closed sales since 2005

65,910

ontact Ben Ganje + Partners C to learn more about our strategic marketing plan to maximize value in 2014. “ As the market continues to gain velocity and inventory decreases, we are seeing an increased level of properties sell before traditionally coming on the market for sale. The importance of having a highly experienced REALTOR® that is networked with other agents in the community is absolutely essential for every Buyer in 2014. “

72,128

New listings +11%

210,727

117

236,219

Average sale prices +12%

yoururbanlife.com

48,812

Days on market -30%

53,087

Closed sales +7%

Minneapolis Inventory Levels 2011 - 2013 30,000

Inventory levels in Minneapolis have consistently been dropping. Currently, the level of inventory in terms of months’ supply have dropped 9.3%.

That amounts to:

20,000

Single-family homes 2.8% months’ supply

17,441 homes

Townhomes 2.1% months’ supply

13,012 homes 11,603 homes

- Buyer Agent Josh Neumann

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10,000

Condos 2.7% months’ supply In normal market conditions, six months of inventory is considered to be an efficient market.

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100 3rd Ave S #1205, Minneapolis 2 Beds 2 Baths 1530 SqFt $525,000

Thinking about buying real estate in the future?

100 3rd Ave S #1507, Minneapolis 2 Beds 2 Baths 1,476 SqFt $595,900

Gain insight from our dynamic maps which can be downloaded from our website: YourUrbanLife.com or requested by calling our office. The electronic version is interactive—simply click any neighborhood or condo building to view available homes for sale. We have a number of available maps for downtown Minneapolis, Minneapolis lakes area and the city of Edina.

521 2nd St SE #200, Minneapolis 2 Beds 1 Bath 1,350 SqFt $389,900

929 Portland Ave S #1706, Minneapolis 2 Beds 2 Baths 1,240 SqFt $325,000

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400 N 1st St #406, Minneapolis 2 Beds 1 Bath 976 SqFt $214,900

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500 E Grant St #1005, Minneapolis 1 Beds 1 Bath 1,009 SqFt $224,900

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The new build process

yoururbanlife.com

As the real estate market galvanized over the last year, building a new home in Minneapolis, Edina and the surrounding areas has once again become an attractive option. With the current array of builders, lots and product types in the market, the process can become very complex. Ben Ganje + Partners works closely with all of our Buyer clients that choose to build a new home, parsing out options, fit and finish as well as advising on selections that will define long term resale values. Our lending partners are well versed in new construction financing. The timeline for new construction is typically longer than a traditional purchase. If you are beginning to think about building a home in the future, contact us to learn more about the steps involved.

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2606 40th St W 4 Beds 4 Baths 3,761SqFt $999,900

3905 Vincent Ave S, Minneapolis 4 Beds 4 Baths 3,300 SqFt $995,000

2700 43rd St W, Minneapolis 4 Beds 4 Baths 2,630 SqFt $935,000

3907 Vincent Ave S, Minneapolis 3 Beds 3 Baths 3,000 SqFt $924,900

16TWENTY LOFTS, Minneapolis New condos $1,000,000-$1,500,000

Linden Crossings, Minneapolis New condos $600,000 - $1,500,000

Loop Calhoun, Minneapolis Condos priced from $300-$420,000

5020 Abbott Ave S, Minneapolis 3 Beds 2 Baths 1,368 SqFt $349,900

5009 Washburn Ave S, Minneapolis 3 Beds 1 Bath 1,236 SqFt $349,900

The condo market

601 Marquette Ave #701, Minneapolis 2 Beds 3 Baths 3,781 SqFt $3,525,000

1805 W Lake #503, Minneapolis 2 Beds 2 Baths 1,537 SqFt $1,990,000

901 S 2nd Street #507, Minneapolis 2 Beds 2 Baths 1,792 SqFt $649,900

215 10th Ave S #319, Minneapolis 2 Beds 2 Baths 1,565 SqFt $399,900

929 Portland Ave S #405, Minneapolis 1 Bed 1 Bath 710 SqFt $190,000

543 S 2nd St, Minneapolis 2 Beds 2 Baths 1,400 SqFt $359,900

52 Groveland Terrace #A104, Mpls 2 Beds 2 Baths 1,055 SqFt $229,900

4011st St #116, Minneapolis 1 Beds 1 Bath 832 SqFt $214,900

4011st St #220, Minneapolis 1 Beds 1 Bath 755 SqFt $189,900

The Minneapolis condo and loft market saw renewed interest with a year over year increase in closed sales by 14,5% and average sale prices inflate to 12% (statistics from Multiple Listing Service) from 2012. The array of product types within the spectrum of lofts and condos is still at an all time low making the need for an experienced Realtor absolutely critical for the buying process. Ben Ganje + Partners guides all of our Buyer clients best interests. We provide point of reference, give insight from our past experience, and point to key metrics to help our clients make informed buying decisions. To find out more about the buying process and to learn more about the current market please contact us.

International & National Properties yoururbanlife.com

117 East 24th St, New York, NY 3 Beds 3 Baths 4,100 SqFt $6,500,000

1207 Indian Rock Lane, Santa Fe, NM 3 Beds 4 Baths 5,640 SqFt $3,000,000

14921 Buena Vista,Vancouver, British Columbia 6 Beds 4 Baths 3,778 SqFt $2,120,000

622 Anacapa St, Santa Barbara, CA 3 Beds 3 Baths 2891 SqFt $1,999,000

2A Marion St, Melbourne, Australia 4 Beds 3 Baths 3229 SqFt $1,770,000

11864 Hedgestone Ct, Naples, FL 4 Beds 4 Baths 4234 SqFt $1,725,000

Eaton Square, London, United Kingdom 1 Beds 1 Bath 912 SqFt $988,500

476 Fuller Rd #40B, Breckenridge, CO 4 Beds 4 Baths 4,037 SqFt $949,000

Strada San Sebastiano, Rome, Italy 4 Beds 2 Baths 2690 SqFt $815,000

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Marketing and sales strategy

Setting the Stage

Sellers are rewarded with higher returns when they stage their home to the public.

Before your house is shown, we’ll help you strengthen buyer reception - with a complimentary staging analysis and recommended enhancements.

We understand that marketing is instrumental in the sale of every property. To maximize web exposure, Lakes Sotheby’s International Realty has partnered with and distributes properties to the most significant media companies and real estate-focused websites in the world.

Property Brochures

By combining professional style, photography, and attention to getting narrative details, your home’s brochure will act as an essential tool in attracting qualified buyers.

Social Media

Social Media, like Real Estate is about connecting people, and cultivating relationships, which makes it the ideal tool for marketing your home.

Professional Photography

At least 83% of consumers begin the home buying process online.

Working with the best in the business, we hire professional photographers to capture the right images to best represent your home. Considering the high importance of having a strong online presence, we stress the importance of a large variety of quality, professional photography to best represent your property on each and every website, as well as all print media.