The Advisor February 2022
Seller Insight - Winter is the new Spring Selling in the winter could work to your advantage! Inventory continues to be extremely low and that could help you achieve a higher price! Unless you’ve been living under a rock, you’ve probably heard many people talk about being in a Seller’s Market. What does that actually mean? It starts with the simple concept of supply vs. demand. When the supply of houses is less than the demand for houses, we enter a seller’s market. This kind of atmosphere creates more competition between buyers and drives prices up. Economics aside - how does this affect YOU? If you are considering marketing your home for sale, this could be the best time to receive the premium price you deserve for your property. Pair that with the right team of real estate specialists and you are guaranteed to sell for the maximum value. Now is the time to take action before more houses become available in the spring and summer when most people are still trying to prepare their homes for the market. Buyer Advocacy - the name of the game! Don’t Buy because of the rate. Buy because you are ready! There is so much talk today about the real estate market. Please do not feel like you need to buy because rates are low or sell because your neighbor feels like they won the lottery with their home sale. Make a move because you are ready, prepared, and in need of a new home for the right reasons. Do not let FOMO drive your decisions. When we talk with potential buyers, we help discern if buying now is right for you. Maybe the time is right, maybe it is not. However, you dictate that decision, not the market or your friends. When you are ready to consider a move, take advantage of our exclusive Buyer Advocacy program. The market is tough. Inventory is at all-time lows. We cannot stress enough how important it is to plan thoroughly upfront. We have numerous techniques and strategies that are revolutionary and truly are making a difference for our clients securing their next property. We take the emotion out of the equation while encountering less competition and less stress that has everyone spinning these days when trying to compete in the open market. I’d love to brief you on our new program and discuss how we are the differentiator when it comes to securing our clients their next property. Interested in learning more or know someone who should? Give me a call and I’d love nothing more than to connect.
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. Northern Minnetonka Minnetonka School Systems Approved up to $850,000, or Fixer-Upper under $500,000 4 bed + den Minimum, 3,000 sq. ft North Loop / Downtown Approved up to $350,000 Industrial Style Loft 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.
Forward Thinking Podcast Join us and listen to our new podcast! Filled with meaningful conversations between Ryan Pertile and the people he believes have trail blazed by being forward-thinking in their field, industry, or even within real estate. Ryan is defining a new era of residential real estate. An unparalleled commitment to achieving excellence sees us as one of the most desired property & lifestyle advisors in the Twin Cities. Funny, interesting, and off-the-cuff, this podcast is sure to entertain! Episodes are available anywhere you listen to podcasts.
Macgroveland /Highland Approved up to $500,000 Minimum 3 bedrooms, 2 bathrooms, 1 car garage Classic style home with character Western / Southwestern Single Family Home Approved up to $450,000 3 bedrooms, 2+ bathrooms, with 2,500+ sq. ft Would prefer move-in ready however able to take on some projects On Silver Lake in St. Anthony Approved up to $700,000 4 bedrooms minimum, 2+ bathrooms, roughly 3,500+ sq. ft
A behind the scenes look at a one-of-a-kind property.
Current Market Stats New Listings = -10.9% Pending Sales = -15.6% Median Sales Price = +7.9% % of Original List Price = 99.5% Avg. Days on Market = 34 Days Inventory of Homes For Sale = -21.5% Month Supply of Inventory = .8 Months ***All data provided by the MLS year-over-year comparison through the week ending January 22nd, 2022.
RYAN PERTILE TELEPHONE +1 612-805-0059 E-MAIL RYAN.PERTILE@EVREALESTATE.COM ENGEL & VÖLKERS MINNEAPOLIS 1601 HENNEPIN AVE • MINNEAPOLIS • MN 55403