The Advisor August 2021
This year, like last year, is like no other in our history. Certain parts of the real estate market took a bit of a breather over the last 3-4 weeks, which offered time for enjoying my family and also for reveling in the talent and dedication of the athletes competing in the Tokyo Olympics. What perseverance they have shown through so much uncertainty and change in the last year. They have stayed committed to their craft and to being the best of the best. We have sympathized with their struggles and been in awe of their successes. Much like an athlete at the top of their game, my team strives to be world-class in our arena of real estate.
I may not be able to answer your questions on politics, the pandemic, or global warming, but I CAN answer all things related to the housing market. This is my wheelhouse. I do not dabble in real-estate. I eat, sleep, and breathe real estate so I can bring the best and most current information to my people. We know that even with this breath in the market, there are amazing opportunities to be had. The market is ever so gently shifting to be friendlier to many buyers. Homes are being priced more appropriately to their current market value versus the frenzy to start the year. Although many sellers may feel like their window of opportunity is slowly closing, I tend to disagree and see so much more runway and opportunity for those looking to trade real estate in the near future. The biggest differentiator is how ones property is positioned and presented to the market. If done so with pride and class, paired with the right marketing plan the home will most certainly succeed in this ever growing competitive market. The amount of purchasers still outnumber inventory almost 4 to 1 and even though the market is seeing more competition, there is a formula for success. Ask us how it’s possible and we would be happy to share our trade secrets with you.
Exclusive Listings:
150 Portland Ave S #603 - Minneapolis
3 Bed | 3 Bath | 3,054 SF. | 3 Parking Stalls Offered at $1,649,900
301 Oak Grove Street #205 - Minneapolis 2 Bed | 2 Bath | 1 Garage Stall Offered at $339,900
317 Groveland #215 - Minneapolis 2 Bed | 2 Bath | 1,203 Sq. Ft Offered at $350,000
5801 Drew Ave S. - Edina
4 Bed | 4 Bath | 3,289 sq. ft. Offered at $1,099,999
Whisper Listings The Ryan Pertile Group has a number of exclusive listings being prepared for the market and if you are interested to learn more about what is coming available in the near future let’s connect. We are committed to providing a bespoke real estate experience every way possible in today’s transactional focused market. #whoyouworkwithmatters
Clients we represent in search of their next abode: Know of friends or neighbors considering their selling options that match one of the criteria below? Our clients would greatly appreciate you keeping them in mind. Western Suburban Townhome Villa Prefers New(er) construction Approved up to $750,000 3-4 bedrooms, 2+ bathrooms, 2,500+ sq. ft On Silver Lake in St. Anthony Approved up to $700,000 4 bedrooms minimum, 2+ bathrooms, 3,000+ sq. ft St. Paul - Summit Ave Neighborhood Move in ready up to $700,000 Minimum 4 bedrooms, 2 bathrooms & 2 car garage Would consider a fixer upper for less. Minnetonka Schools 4 bedrooms minimum plus office, 3 bath & 3,500+ sq. ft. Approved up to $750,000 Updated or recently renovated would be an added bonus MacGroveland / Highland Classic style home with character Approved up to $500,000 Minimum 3 bedrooms, 2 bathrooms & 1 Car Garage
Current Market Stats New Listings = +11.3% Closed Sales = +20.5% Average Sales Price = +16.8% % of Original List Price = 104.2% Avg. Days on Market = 20 Days Inventory of Homes For Sale = -35.5% Month Supply of Inventory = 1.1 Month
*Citation: “Monthly Indicators” by Minneapolis Area Association of Realtors, July 2021
RYAN PERTILE TELEPHONE +1 612-805-0059 E-MAIL RYAN.PERTILE@EVREALESTATE.COM ENGEL & VÖLKERS MINNEAPOLIS 1601 HENNEPIN AVE • MINNEAPOLIS • MN 55403