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Plymouth Upper Bracket Homes Sales Down 44% YTD – $800,000+ Homes

September 26, 2008 By Leave a Comment

While the City of Plymouth might have been named number one small city in America by Money Magazine, that’s not making it any easier to sell upper bracket homes in this city.

I have been hearing anecdotally that it’s getting more and more difficult to sell the upper bracket homes so I thought I would take a look at the statistics for homes that have sold over $800,000 and I compared 2007 year to date with 2008 year to date.  Below are the numbers:

2007

Homes Sold: 16

High: $1,700,000

Days on Market:  162.9

Price per SF: $232.58

Number of $1,000,000+ homes:  5

2008

Homes Sold: 9

High: $1,250,000

Days on Market:  237.50

Price per SF: $205.29

Number of $1,000,000+ homes:  3

If  you’d like to see these homes via e-mail, please send me a request at John@JohnMurphyHomes.com

Filed Under: Real Estate Tagged With: , ,

Medina Home Sales Stats – Through August 2008

September 10, 2008 By Leave a Comment

Here’s the latest on Medina real estate sales.

Here’s the link to the latest statistics for the Twin Cities overall.

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Plymouth Foreclosure Tour – Sunday, September 7, 2008 (1-3pm)

September 7, 2008 By Leave a Comment

John Murphy’s Sunday Tour of Homes


Sunday, September 7, 2008 Tour Details

THESE HOMES ARE ALL BANKED OWNED PROPERTIES!

View 6 bank owned properties in 2 hours this Sunday!  If you’re looking for a great deal on a house, purchasing bank owned property is an excellent way to do it.  Please note that each bank owned/distress sale varies considerably with regard to the condition of the property.

1:00 – 1:15pm  14300 48th Ave N., Plymouth: $309,900 4BR/2BA 2370 TFSF 1995 Blt.

1:25 – 1:40pm  14004 52nd Ave. N. Plymouth: $259,900 3BR/3BA 1916 TFSF 2003 Blt.

1:55 – 2:10pm  805 Lanewood Lane N., Plymouth: $250,000  4BR/3BA 2122 TFSF 1950 Blt.

2:20 – 2:35pm  18320 31st Ave. N., Plymouth: $239,900  4/BR 2/BA 1702 TFSF 1977 Blt.

2:40 – 2:55pm  3410 Holly Lane N., Plymouth: $400,000  4/BR 4/BA 3268 TFSF 1993 Blt.

3:00 – 3:15pm  17331 County Road 24, Plymouth: $549,900  5/BR 3/BA 3380 TFSF 2005 Blt.

Feel free to join us for the entire tour or you can show up to which ever home(s) you’d like to see.  We won’t have much time at each property, but you’ll be able to get a good sense of them.  If you’d like to see the property again, we can schedule a private showing for a future date.  If you need to reach me during the tour, my contact information is below:

John Murphy
RE/MAX Results
C: 763-443-9821
E: John@JohnMurphyHomes.com

Tour Map
<br /><small><a style=”color: #0000ff; text-align: left” mce_href=”http://maps.google.com/maps/ms?ie=UTF8&amp;hl=en&amp;msa=0&amp;msid=110225550728455267853.0004563ccbb59deb0f990&amp;ll=45.01791,-93.48524&amp;spn=0.084941,0.145912&amp;z=12&amp;source=embed” xhref=”http://maps.google.com/maps/ms?ie=UTF8&amp;hl=en&amp;msa=0&amp;msid=110225550728455267853.0004563ccbb59deb0f990&amp;ll=45.01791,-93.48524&amp;spn=0.084941,0.145912&amp;z=12&amp;source=embed”>View Larger Map</a></small></p>

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Bloomington Based ResCap – Will It Survive?

September 3, 2008 By Leave a Comment

GMAC announced it is closing down its mortgage operations.   It’s unknown at this point how many of the remaining 600 employees at Bloomington based ResCap will survive the shut down.  It doesn’t look good.

Filed Under: Real Estate Tagged With:

Title Companies Take a Hit

September 1, 2008 By Leave a Comment

From Housing Wire:

Title insurance is a tough business these days — not only are more claims rolling in, but the amount paid per claim is also on the rise. And if that weren’t rough enough, far fewer new policies are rolling in the front door too, making for a trifecta of lost revenue for most of the industry’s behemoths in the space.

Fitch Ratings earlier this week took the axe to ratings of two title insurers, too, while warning that it would likely cut the ratings of another soon.

For the rest of this story, see here.

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