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Market Snapshot
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Market Trends
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Market Trends are calculated using MLS® sold listing data
Recent Listings
Listing Provided By Bernita Swafford Of Edina Realty, Inc.
Listing Provided By Joseph Clark Of eXp Realty
What's New
Time to Start the Furnace for the Year?
As the crisp autumn air begins to settle in, many homeowners find themselves reaching for the thermostat to start up their furnace for the first time this season. Before you do, it’s important to ensure that your heating system is ready to keep you warm and comfortable all winter long. Here is some good information for when you're first starting up your furnace for the season. First and foremost, safety should be your top priority. Begin by checking the area around your furnace. Make sure it's clear of any flammable materials or obstructions that could pose a fire hazard. Next, inspect the furnace itself for any visible signs of wear or damage. If you notice anything unusual, it might be best to call in a professional for a thorough inspection. Once you’ve ensured that everything looks safe, it’s time to replace your furnace filter. A clean filter is essential for efficient airflow and can prevent dust and debris from circulating through your home. Depending on your system and usage, filters should typically be replaced every 1-3 months. After replacing the filter, test your thermostat by setting it to a higher temperature than the current room temperature. Listen for the sound of the furnace kicking on and pay attention to any unusual noises or smells. If you hear clanking or banging, or if you detect a burning odor that doesn’t dissipate within a few minutes, turn off the furnace immediately and contact a professional. It's also a good idea to check your carbon monoxide detectors before starting up your furnace. These devices are crucial for detecting dangerous levels of carbon monoxide, which can be produced by malfunctioning heating systems. Finally, consider scheduling an annual maintenance check with an HVAC professional. Regular maintenance can extend the life of your furnace and ensure it operates efficiently throughout the season. By taking these precautions, homeowners can enjoy peace of mind knowing their heating system is ready to tackle the colder months ahead. Stay warm and cozy!
Charming End Unit Condo in Burnsville: Your Dream Home Awaits!
Are you in search of a cozy yet modern home that offers both privacy and convenience? Look no further than 12982 Nicollet AVE #201, Burnsville, MN 55337. Priced attractively at just $123,000, this end unit condo in the historic Ridgeview condos is a gem that checks all the boxes for a perfect home.Nestled in the heart of Burnsville, this condo offers an unparalleled living experience with its serene surroundings and top-notch amenities. As an end unit, it provides extra privacy and stunning views of a beautiful hardwood forest. Imagine waking up to the tranquility of nature while still enjoying the perks of urban living.The Ridgeview condos are renowned for their comprehensive amenities, and this property is no exception. Residents have access to both indoor and outdoor pools, a fully equipped weight room, a spacious party room for gatherings, on-site management for your convenience, and much more. Whether you're looking to relax or stay active, this community has something for everyone.Step inside this meticulously remodeled unit to find new paint and luxurious vinyl plank (LVP) flooring that add a touch of elegance. The newer bathroom is nothing short of gorgeous, featuring modern fixtures and finishes that make it a true retreat.This 2-bedroom condo also boasts practical features designed for today's lifestyle. An in-unit washer/dryer combo ensures laundry day is hassle-free. A private office space makes working from home comfortable and efficient. The spacious living areas are perfect for both relaxing and entertaining guests.Visitor parking is conveniently located just steps from your front door, making it easy for friends and family to visit without any hassle.Don't miss out on this incredible opportunity to own a piece of paradise in Burnsville. With its blend of privacy, modern updates, and extensive amenities, 12982 Nicollet AVE #201 is more than just a home—it's a lifestyle upgrade waiting to happen. Schedule your viewing today and take the first step toward making this dream home yours!
What's trending in Real Estate: October 2024 Edition
As the leaves change color and the days grow shorter, the real estate market is buzzing with activity. Here's what's trending in national residential real estate this October. Investing October has proven to be a pivotal month for real estate investors. With interest rates stabilizing after a period of volatility, many are seizing the opportunity to expand their portfolios. The focus has shifted towards secondary markets, where property values are still relatively affordable but show promising growth potential. Cities like Austin, Nashville, and Raleigh are attracting significant attention due to their robust job markets and quality of life. Moreover, rental properties continue to be a hot commodity. With homeownership becoming increasingly out of reach for many due to rising prices and stricter lending standards, the demand for rental units is surging. Investors are capitalizing on this trend by purchasing multi-family properties and single-family homes in high-demand areas. Real Estate News In national news, the Federal Housing Finance Agency (FHFA) has announced an increase in conforming loan limits for 2025. This move is expected to make it easier for buyers in high-cost areas to secure financing without needing jumbo loans, which often come with higher interest rates and stricter requirements. Another significant development is the growing emphasis on sustainable housing. Builders and developers are increasingly incorporating eco-friendly materials and energy-efficient systems into new constructions. This trend is not only appealing to environmentally conscious buyers but also aligns with new government incentives aimed at reducing carbon footprints in residential housing. Additionally, technology continues to revolutionize the real estate industry. Virtual tours, AI-driven property management tools, and blockchain-based transactions are making buying, selling, and managing properties more efficient than ever before. These innovations are particularly beneficial in today’s fast-paced market where time is of the essence. In summary, October 2024 is shaping up to be an exciting month for real estate enthusiasts. Whether you're an investor looking for your next big opportunity or simply keeping an eye on market trends, there's plenty happening in the world of residential real estate that warrants attention.
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