Updates and improvements at every turn

13878 Fawn Ridge Way, Apple Valley MN 55124

So many updates! Don’t miss out on 13878 Fawn Ridge Way, a fantastic two-story home in an amazing school district and friendly neighborhood. Enjoy it all, from the updated kitchen, or any of the over $100,000 worth of improvements that the owners have made.

This Apple Valley home is spacious, modern, and ready for you and your family to enjoy. With four bedrooms and three bathrooms, 13878 Fawn Ridge Way has space for families both large and small, with plenty of room to relax or entertain. The beautiful hardwood floors tie the foyer, dining room, living room, and kitchen together while maintaining each space’s individual look. Let kids and pets play safely in the spacious fenced-in back yard. The adjacent patio is the perfect place to fire up the grill or entertain guests, or relax in the hot tub. The swing set, patio furniture, gas grill, and hot tub are staying with the home!

The previous owners have invested over $100,000 in updates to this home. Click below to see what they improved!

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In July 2011, foreclosures and short sales accounted for 45.4% of home sales in the Twin Cities. In July 2013, these same market segments made up only 26% of home sales. As far as new listings, in July 2011, distressed properties made up 41.2% of the market, but in July 2013, only 17.9%.

Traditional sellers are coming back into the market. All new listings were up 24.6%, but the traditional homes on the market were up 55.7%, the highest increase in almost ten years. Inventory is still low, down about 13% from July 2012 which is making this a seller’s market. The average days on market time is now 72 days and sellers are receiving an average of 97.5% of asking price which is the highest ratio in about seven years.

Double click graph to enlarge.

The Minneapolis Area Association of Realtors has just released the statistics for the Twin Cities for the week ending August 10, 2013.

In the Twin Cities region, for the week ending August 10:

• New Listings increased 19.1% to 1,650
• Pending Sales increased 10.1% to 1,197
• Inventory decreased 11.3% to 15,990

The Minneapolis Area Association of Realtors has just released the statistics for the Twin Cities for the week ending July 27, 2013.

In the Twin Cities region, for the week ending July 27:

• New Listings increased 19.7% to 1,716
• Pending Sales increased 18.4% to 1,280
• Inventory decreased 12.0% to 15,993