Interest Rates have climbed a bit and they are currently at 6.00% for a 30 year fixed on Friday June 6, 2008.
Current real estate listing inventory - 239 active listings in Austin as of today. Listing count has climbed just a littlesince the last post. The fact that it is continuing to climb is something we need to watch carefully
There are 29 properties currently pending, that is down just a lot from the last post. Some of this was to be expected because the end of May is typically a very busy time for closings. However we would liked to have seen the count maintain itself a little bit stronger. There have been 148 properties Closed so far in 2008. We had expected to see this count jump up a lot at the end of the month and it did. The good news is that properties are continuing to sell.
Take a look at the comparison charts. The closed chart is showing that over 55 % (down 4%) of the homes that have closed this year had a price change and the average price change is $14,172. vs only 48.5% (up 2%) of the active listings has had a price change with an average of $15,019. Take a look at these charts. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .
We are seeing fewer & fewer great deals in the market right now. If you have been sitting on the fence, now would be a good time to jump in. Give us a call.
Our New Austin # is 507-440-5703
Interest Rates have climbed a bit this week to finish at 6.00% for a 30 year fixed on Friday June 6, 2008. I'm hearing rumors that interest rates are going to continue to climb. This is what we predicted a few months ago. As the market begins to show signs of recovery and properties are selling more quickly, lenders no longer have as much incentive to lower rates and many will be trying to recoup some of the losses they have experienced through higher interest rates. If you have been sitting back waiting, now is the time to move. We don't believe that rates are going to drop much, if at all.
Current real estate listing inventory - 212 active listings in Owatonna as of today. The active listing count has climbed again over the last two weeks. The market activity has continued to be strong. we have seen quite a few new properties come on the market but the inventory is staying at fairly stable levels.
The number of pending listings is down to 43 homes. This still continues to be a good pending count when you take into account the number of homes that closed in the last two weeks. The number of pending has not fallen as much as we expected at the end of May.
There have been 118 properties Closed so far in 2008. Closed activity has been great over the last two weeks. We have seen the closed count climb quite a bit. If the activity that we have seen in the last 2 months is any indication, we may have seen the bottom here in Owatonna. Take a look at the comparison charts. The closed chart is showing that over 47 % of the homes that have closed this year had a price change and the average price change is just over $15,836. vs 47% of the active listings has had a price change (up 3%) and that average price change is $14,075. This is the narrowest this gap has been in 2008. We believe that many sellers have gotten the message about the importance of correct pricing on their homes. Take a look at these charts. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . There are still some good deals to be had but there certainly are getting to be fewer than there were earlier this year. Confidence in the market is continuing to grow. I have heard from several lenders and appraisers that they are seeing an upturn in business as well.
Give us a call and let us show you what is happening in the market right now. 507-390-2121
We have all of our listings available via Virtual Tour in English, Spanish and also in French
Interest Rates have fallen twice this week and are currently at 5.75% for a 30 year fixed on Wednesday May 7, 2008.
Current real estate listing inventory - 196 active listings in Owatonna as of today. The active listing count has dropped again this week. We haven't been this low in the Active listing count since the end of December 2006. This has been a great couple of weeks for real estate. We have about 20 more listings to go before we reach what has traditionally been a balanced market in Owatonna. That number has usually been in the 170-180 active listing range.
The number of pending listings has climbed again to 50 homes. This is one of the best pending counts we have had in quite a while.
There have been 81 properties Closed so far in 2008. Closed activity has remained static this week but that was to be expected during the first two weeks of the month. Look for the cloed count to climb and the pending count to drop as we get closer to the end of the month. Is the activity the last several weeks an indication that we have seen the bottom? We aren't sure, only time will tell, but the increased activity is reassuring. Take a look at the comparison charts. The closed chart is showing that over 50 % of the homes that have closed this year had a price change and the average price change is just over $16,000. vs only 88 of the 196 active listings has had a price change and that average price change is $13,795. Check out these charts. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Please don't miss the terriffic deals that are available in the market right now. If you have been sitting on the fence waiting, now is the time to get serious. As the inventory gets closer to that balanced market, your ability to negotiate with sellers falls dramatically. Give us a call and let us show you what is happening in the market right now. 507-390-2121
We have all of our listings available via Virtual Tour in English, Spanish and also in French
Interest Rates have fallen twice this week and are currently at 5.50% for a 30 year fixed on Thursday May 1, 2008.
Current real estate listing inventory - 205 active listings in Owatonna as of today. The active listing count has dropped again this week. There have been a few properties expire but mainly the number dropped because there were homes selling quickly this past week.
The number of pending listings has remained solid at 43 homes.
There have been 81 properties Closed so far in 2008. Brisk closing activity again this week, the count jumped up 8 for the closed and the pendings remained firm. Best 2 week span of activity activity we have seen in almost a year.. Have we possibly seen the bottom? We aren't sure, only time will tell, but the increased activity is reassuring. Have you checked out the comparison charts? They really point out what is selling and what has had price changes. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Inventory has been creeping down as well as interest rate. If you have been sitting on the fence waiting, you are missing some incredible deals going on in the market right now. Give us a call and let us tell you about some of these bargains. 507-390-2121
We have all of our listings available via Virtual Tour in English, Spanish and also in French
Current real estate listing inventory - 213 active listings in Owatonna as of today. The active listing count has dropped this week. There have been a few properties expire but mainly the number dropped because there were homes selling quickly this past week.
The number of pending listings popped up to 43 homes.
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Buying or Selling a home is a very personal undertaking. We are the Family sales team that understands just how personal it is. Let our Family help guide your Family through this personal experience.
As the description above says. We truly are a family real estate sales team. We are husband-wife & son-in-law. When needed all 4 of our children and both of our grandchildren get involved in our business as well.
Buying or selling a new is much-much more than location-location-location. In involves tremendous amounts of emotion, decisions, econimic factors and numerous other considerations.
We are the real estate professionals you need. We give outstanding attention to detail and strive to exceed the expectations of our clients.
When buying or selling a home in Owatonna, Austin or Albert Lea, MN Give us a call. We would enjoy hearing from you.
(507) 390-2121 - Owatonna
(507) 440-5703 - Austin
Susan: I have a bachelors degree in education. I began selling real estate for Federated Realty Group, in the Milwaukee, WI area in 1994. I was Rookie of the Year for 1994. In 1995 I received my GRI designation (Graduate Realtor Institute) and was a member of the Presidents club, in addition I was voted Outstanding Team Player. In 1996 I was a member of the Masters Club and also received my CRS designation (Certified Residential Specialist) (only 2% of Real Estate agents nationwide achieve this designation). I remained a Masters Club member through 1999 when the company was acquired. I was a member of Coldwell Banker's Diamond Society for 2000. In 2001 I relocated to Owatonna, MN. I joined Century 21 Vision in 2001, while only working part-time in 2001 (I spent the rest of my time being a new grandmother) I received a Century 21 Quality Service Award & a Century 21 Mortgage Award. In 2002 I received my ABR designation (Accredited Buyer Representative) and also received the Century 21 Centurion award. In 2003 & 2004 I also received the Century 21 Centurion Award and was the office leader for sales production as well as being ranked as one of the top 10 Century 21 agents in MN. I also completed the Century 21 Mature Moves course. In 2005 I completed the Century 21 New Home Sales Course, The Century 21 Fine Homes & Estates Course and received my SRES designation (Seniors Real Estate Specialist). Also in 2005 our new team "The Bartley Group" received the prestigious Century 21 Technology Award (the only one awarded in the world by Century 21 in 2005) Centurion and Quality Service Awards as well as recognition as the Number 1 sales team in Minnesota for Century 21. In 2006 our team received the Centurion and Quality Service Awards as well as recognition as the Number 1 sales team in Minnesota for Century21. In March 2007 we made a business decision to move our team to Coldwell Banker Home Connection.
Brian: I have a bachelors degree in business administration. I began my career in real estate working as an assistant in 1995 for Susan, at Federated Realty Group, in the Milwaukee, WI area. In 1996 I began working for Federated maintaining the companies PC's as well as training their Sales Associates. I continued with Federated until the company was acquired in 1999. I joined the Coldwell Banker Residential Brokerage IT Department in 1999. In 2001 I was promoted to IT Supervisor for Coldwell Banker Residential Brokerage for the Milwaukee region. In 2003 I transferred to the IT Department of Coldwell Banker Burnet in Edina, MN to work as a Systems Engineer. In 2005 I joined Susan selling real estate full time. In 2005 I also completed the Century 21 New Home Sales Course, The Century 21 Fine Homes & Estates Course, The Century 21 Mature Moves Course and earned my GRI & SRES designations. In 2007 I completed the course work and passed the exam to qualify for my Brokers License.
Todd: I have been a resident of Owatonna for a number of years and was a High School Social Studies teacher from 1997 to 2007. As a teacher I taught Political Science, Economics, History, Psychology, and Sociology. As a Real Estate Agent I will use my teaching experience to help people make good home buying and selling choices by providing them with all of the necessary and important information in order to make the best decisions for themselves and their families. Education · Bachelors of Arts in Social Studies Education from the University of Minnesota - Duluth · Masters degree in Educational Leadership from Southwest State University · Real Estate licensure program through Kaplan Professional Schools · Continuing Education in the Real Estate industry.
"Susan did an amazing job keeping us informed, guiding us w/good vendors & fiinancial institutions as well. I would recommed her to anyone. We were thrilled with her customer service." Aaron & Michelle
"The prosect of buying our first home was very satisfying. Todd Berglund was very helpful explaining all of the items and closing procedures..." Jessica & Steve
"Susan, Brian & Todd went "Above & Beyond" in their efforts to sell our home. We would recommend The Bartley Group to any of our friends or acquaintances that are looking for help in their real estate transactions." Tony & Diane
"Susan & Brian were excellent, always giving us encouraging words, especially during the closing process." Bev & Jim
"Susan is very articulate and explains things well. Susan was very pleasant to work with." Darlene
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