Heidi Herda of Keller Williams Sells Another St. Louis Park Home

Heidi Herda of Keller Williams Sells Another St. Louis Park Home

Heidi Herda of Keller Williams Sells Another St. Louis Park Home to First-Time Home Buyer's

Heidi herda of keller Williams Sells another st. louis park home      Heidi Herda of Keller williams sells another st. louis park home       heidi herda of keller williams sells another st. louis park home
 
What an awesome opportunity to help a very deserving couple buy their first home home! It was a pleasure working with them from beginning to end! In any seller's market, it is not uncommon to be in multiple offer scenarios when you go to submit an offer on a property. Multiple offers is where more than one buyer is presenting their offer to a seller. This can really be any amount of offers even 10 or more on a really hot property. The situation is typically handled by the seller giving all qualified buyer's the opportunity to give their highest and best offer, which is usually presented to the seller all at once with a specific deadline. The seller then will go through the pro's and con's of each offer presented and determine which offer will be chosen.

This couple had a couple multiple offer scenario's that occurred to which they presented an offer that was not chosen. Fortunately they stayed positive until the perfect home came on the market! The property details on this home include: The sold property was located at Minnetonka Blvd and Kentucky Ave S in the Lenox neighborhood. The property was listed at $227,500 with only 1 day on the market. The home was your typical one and a half story home with a 2-car detached garage. The home was listed at 1,542 square feet with 3 bedrooms and 1 bath. The property was located in the 55426 area code and part of 283- St. Louis Park School District. This St. Louis Park home had a few updates, and was originally built in 1947.
st. louis park home values 55426

The offer was accepted on the property a few short days after listing and sold in multiple offers for $232,000 with the seller contributing $5,500 toward buyer's closing costs. With only a short 19 days on the market the property was sold and closed. The current average market time for St. Louis Park is 31 days and the average St. Louis Park median list price is $232,740.

The number of active listings in St. Louis Park (55426) dropped by 5% from the previous month. The median number of days active properties have been listed is 31.This is significantly shorter than the national average.

The number of sales in June dropped by 72.5% from the previous month. This could be attributed to a decline in inventory for the St. Louis Park area, and also a typical decline in sales around the 4th of July Holiday. The current St. Louis Park market remains a seller's market. The demand in housing is not meeting supply. Currently, St. Louis Park has 101 active properties and only 5.9% would be considered distressed. A distressed property would be either in short sale status, foreclosure/bank owned. This is a relatively low number for distressed properties than we have seen in the last several years.

The percent of unoccupied properties is very low in St. Louis Park (55426) . It is -9.1% below the national average. The percent of rental properties in St. Louis Park (55426) is 14.91% above the national average which is typical for urban areas.

Median household income in 55426 is $63,072 with 469 households earning between $35,000 to $40,000 annually. The largest income bracket for St. Louis Park is between $25,000 to $50,000 which makes up almost 2,600 households.

For the zip 55426, 31.32% of the people have completed a bachelors degree as their highest education level. 16.28% have earned a Graduate's Degree and 8.41% have earned an Associates Degree.

The median age of residents in St. Louis Park is 38, with 35% of residents being married. Current statistics suggest St. Louis Park has roughly 11,899 households, of those households 2,815 of them have children. Find all St. Louis Park Home listings.  If you need more information about the St. Louis Park area you can visit my St. Louis Park community pages where you can find more information about local pricing, School information and more.

The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions. Call or email anytime to discuss how this information can benefit you! 612.807.4858
Thank you for reading my Heidi Herda's Real Estate blog, "Heidi Herda of Keller Williams Sells Another St. Louis Park Home!" You may search additional blogs of my here, or contact me at 612.807.4858. http://HomesSoldByHeidi.com ~ Heidi Herda, Herda Home Team with Keller Williams Classic Realty. Follow me on Social "Like" or Tweet @heidihomesearch.

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