We can all agree that right now, lack of inventory & insatiable Buyer demand clearly makes this a Seller's market.

Positioning your home to go into multiple offers requires a clear strategy.   In the case of 5716 Mount Normandale Dr, Bloomington MN we sought to maximize the value in a number of ways we will cover below in this blog post.  The result was a listing that sold in a matter of a few days in multiple offers for over $140,000 above list price.  

Presentation 

Given the current supply chain challenges on nearly every front, now more than ever, Buyers value homes that don't require many improvements.  Because of this, Sellers are handsomely rewarded for move in ready homes. Properties that are thoughtfully updated and present well to the…

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On the east side of the historic Mill District during the workweek a steady drone of earth moving equipment can now be heard.  It is the sound of progress as the construction of the Eleven Minneapolis condos has commenced.  One of the last remaining lots in the neighborhood will soon be home to the tallest residential condominium tower in the state of Minnesota.  The road leading up to these events is something the is becoming that is becoming increasingly more interesting within the Minneapolis real estate market.

A few years ago, John Wanninger, Kevin Mullen and I saw a need in the downtown market for a true luxury condo product.  A tower that was baked in tradition, boutique in unit count and delivered the highest level of service to its residents. …

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Once relying on architectural drawings and floor plans, paint chips and cabinet designs, the Eleven condo project in the Mill District of Minneapolis is now giving Buyers clarity with a technologically driven sales gallery that blends precision details and materiality within a simulated condominium environment.    

Eleven sales gallery  

Sales galleries are nothing new in the Minneapolis condo market. Since the 1990s, developers have been selling condos off of floor plans long before their buildings were finished. The Eleven tower, designed by world class architects Robert A.M Stern, developers saw an opportunity to showcases new technologies while focused on the technical details of the fit and finishes for each residence. 

 "This takes pre-construction sales to the…

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The last few years has given rise to a velocity of growth in Downtown Minneapolis that is undeniable. Within this flurry of activity are a lineup of residential condo projects that are shaping our skyline, namely Eleven Condos, The Legacy Minneapolis and the Alia Condos. All of these are at various stages of the development process.  Below we take a look at each project: 

Out of the gates early: The Legacy Minneapolis 

The Legacy Condos Anyone who drives over the 35W bridge coming out of downtown Minneapolis does not miss the most recent addition to the skyline that is The Legacy Minneapolis.  With 374 units in the building which covers an area larger than any other condo project to date, The Legacy Minneapolis can come across looking like a titan in the city. The…

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  The city of Minneapolis is clearly on a high velocity path of growth across the entire real estate landscape.  Over the past 20 years the Mill District in downtown Minneapolis has been especially interesting to watch, coming out of the rubble from the old milling capital of the world into a neighborhood and identity all its own.  Some of the last blocks within the neighborhood are being developed right now.  One of these special sites will have world class architecture thanks to Robert A.M. Stern Architects and be the tallest residential high rise in Minneapolis with a story all its own: Eleven on the River.

The Early Years: late 1990s to 2008

  The visionary period of the Mill District started in the late 1990s with the advent of Brighton…

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  Plenty of our clients come to us in search of a classic old Minneapolis home, something loaded with historical details that newer homes simply don't have.  Some buyers are looking for that 'fixer upper' while others are looking for something more along the lines of a move in ready.  No matter the case, there is a certain amount of due diligence these types of homes require relative to the rest when making a purchase.  Below are the top 5 things we recommend every one of our clients get comfortable with from the start.

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1.  KNOW THAT AN OLD HOME NO MATTER WHAT THE CONDITION, IS GOING TO BE A WORK IN PROGRESS.

  One of the first things to consider when purchasing an older home for sale in Minneapolis is maintenance. Any home is going to have a…

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The Minneapolis City Council has lifted the moratorium on teardowns and new construction. We believe this is a wise move for all involved. Under the lifted moratorium, property owners can once again tear down their old home and build a new one, thereby seeking to improve their property and its value. Minneapolis homeowners should have the right to do this as long as applicable codes are followed, in our opinion.

Neighborhood residents also benefit from increasing property values, because "a rising tide lifts all boats," as they say. Lastly, the City benefits from a higher tax base, so this appears to us to be a "win-win-win" for everyone.

Download an official copy of the Minneapolis Residential Construction Management Agreement to see new…

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Famous Daves in Linden Hills is now closed for business

This is a new construction Minneapolis condo project going into the neighborhood of Linden Hills

  What was once a staple in the popular Linden Hills neighborhood of Minneapolis has now closed for good. 

  Last week, Jon Swenson, the owner of Famous Daves shut the small restaurant down and has plans to sell the land to local developer Mark Dwyer.  The site will wind up as a boutique condo project called Linden Crossing.  There will be 16 luxury Minneapolis condo units for sale ranging in price from the $600s to well over 1.5MM.  The first floor will feature 6000 square feet of commercial space with a handful of retail tenants similar to the fabric of the Linden Hills business community.

  So far, 9 of the 16 condos are under contract and pended.  Mark Dwyer says the construction…

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Tips For Building A New Modern Home in Minneapolis

  If you are like most buyers out there right now thinking about making a purchase this year, the idea of a modern home in Minneapolis may have become part of your search criteria.  We have assembled 5 helpful tips for finding you future modern home.  Whether you are looking to build a new modern new home or simply want to purchase an existing modern home in Minneapolis.  It is important to think about these key points.

The foundamental cost component of a new construction urban home: the lot cost.

  Beginning to understand the new build process can seem tricky given all of the variables.  The impetus behind most buyers thinking about a new build is going through an open house or browsing…

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