The Minneapolis Association of REALTORS released The Monthly Skinny for February 2011. Watch and learn about the latest real estate market news of the Twin Cities. There’s always something interesting to learn about!
Monthly Skinny Video February 2011
The video is also offered in Spanish for our relocation friends!
Monthly Skinny Video February 2011 ~ Spanish
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Home Sales were up in January 10.4 percent from a year ago and were the highest January total in the Twin Cities since 2007. “We’ve had back-to-back months where sales have outpaced our expectations,” said Jennifer Snyder, our team member and president of the St. Paul Area Association of REALTORS®.
In January in the Twin Cities, there were 2,209 sales compared to 2,001 sales a year ago, an increase of 10.39 percent. January and February are traditionally the slowest months of the year for home sales in the Twin Cities. “We have seen an uptick in sales activity and activity in the market in the last two months,” Snyder said.
Median prices were down 10.8 percent from last year to $140,000, from $157,000 last January. “We saw sales down last year, but prices increased slightly. We may be seeing a shift of increased sales activity tied to prices adjusting,” Snyder said. “Especially in the winter months, there are buyers looking for bargains, and the price decrease likely reflects an increase in sales of foreclosed properties and other distressed properties.”
The median is the mid-point. Half the homes sold for more, half for less. Numbers reflect the 13-county metro area and include single-family, condominiums and townhouses.
~SPAAR Press Release February 11, 2011~
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After much debate and discussion, and recognizing that there are no perfect solutions, Stillwater Area Public Schools’ board members approved the Red Option (with one amendment to keep neighborhood 13A at Rutherford Elementary) to adjust boundaries for the coming school year. The board also voted to allow current fourth and fifth grade students to be “grandfathered” into their current school for the remainder of their elementary school career. A junior high feeder system was also approved, and will be implemented over two years. Finally, the board approved a Student Enrollment Options policy, which defines the number of Alternate and Open Enrollment students allowed into a school based on building capacity. All of the changes will be implemented Fall 2011.
Boundaries have been adjusted as follows:
(Please see the map to determine where each neighborhood is located)
~Information from Stillwater Area Public Schools~
Leave the first comment ▶After months of public conversation, the Stillwater Area school board is set to vote this evening to approve a boundary change plan for the 2011-2012 school year. Tonight’s meeting is open to the public, and will begin at 7:15 pm at Stillwater City Hall. The meeting will also be broadcast live on Valley Access Cable Channel 15. Results of the District 834 school board’s vote will be posted here. We’ll also post the information here.
To learn more about the proposed boundary changes, click here.
Leave the first comment ▶That’s the question a local production company wanted to find out. So they took to the streets and interviewed residents of the Twin Cities to find out. Their work became a six-minute film that showcases all the wonderful things the metro has to offer.
After viewing the video we want to know, why do you live in the Twin Cities?
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