West Savage Real Estate Blog

Happy Thanksgiving!

Wishing you and your family a

Happy Thanksgiving and Safe Travels! 

                                                                                    Chad & Sara

JUST SOLD in Oak Hills! 9325 134th Street, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!

Welcome to 9325 134^th Street in the Oak Hills neighborhood!  

This full brick front home has stunning curb appeal, with an inviting arched entryway.  You’ll enter a large foyer flanked by formal living and dining rooms.  The main floor features a two-story Great Room with soaring ceilings, a main floor den with French doors, and a large kitchen with maple cabinetry and a butler pantry.  

Upstairs lies four bedrooms and two full bathrooms, including a vaulted Master Suite with French door entry and a full private bathroom with double transom windows and an enormous walk-in closet.  A catwalk leads to the other three bedrooms and full bathroom.

The unfinished lower level features bright lookout windows and room for future equity.   Other amenities include a deck with wooded views, an in-ground sprinkler system, a generous flat yard for play, and a three car garage.  

View our VIRTUAL TOUR. 

Offered at $369,900    SOLD AT $369,900

9325 134th Street in Savage is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to schedule a private showing, call 952-212-3597.  

JUST SOLD in Woodhill! 8900 Woodhill Circle

Our buyer just purchased this 5BR 4BA two-story tucked onto a wooded cul de sac lot in Woodhill, featuring a heated, in-ground saltwater pool. 

The main floor features a living room with crown molding, volume ceilings and a gas fireplace with built-ins.  

The family room features beautiful gridded windows and opens to a large kitchen with built-ins, a wine rack, and a huge center island.  The kitchen leads to a deck that overlooks the pool and and a lovely paver patio.

Upstairs are four bedrooms and two full bathrooms, including a private master bath with dual sinks, tile flooring, whirlpool tub, and a walk-in shower.  

The finished lower level has bright windows, a family room with a granite wet bar, a bedroom and a 3/4 tile bath with a walk-in tile shower. 

Offered at $550,000.  

SOLD AT $535,000

The Monthly "Skinny" - November 2013

Inventory numbers remain at a 10-year low.

Weekly Market Update - For the Week Ending November 16, 2013

This week, and through the end of the year, you might be watching for much-needed inventory gains that will not arrive due to traditional end-of-year lulls in the marketplace related to holidays and/or colder weather. Nobody wants to sell at the bottom. In general, inventory pools are up in year-over-year comparisons in many areas, suggestive of seller confidence with recent price gains. Overall recovery is unlikely to stall. The pace of price gains and bidding wars may ease, but that's not necessarily a bad thing. Just ask any prospective home buyer.

In the Twin Cities region, for the week ending November 16:

• New Listings decreased 4.2% to 1,003

• Pending Sales decreased 7.3% to 758

• Inventory decreased 3.2% to 15,318

For the month of October:

• Median Sales Price increased 11.4% to $194,900

• Days on Market decreased 27.2% to 75

• Percent of Original List Price Received increased 1.4% to 95.8%

• Months Supply of Inventory decreased

JUST SOLD in South Hamilton Estates! 14813 Virginia Avenue S., Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!   

Why build?   This 2012-built two-story home is fully-finished in today’s color selections, with warm wood tones and fresh colors.   The main floor includes a kitchen with hardwood floors, stainless steel appliances (including a commercial-grade refrigerator), granite countertops, a granite sink and a glass backsplash.  The mud room has its own drop-zone for keeping the family organized. 

The family room has a gas fireplace and built-ins.  A den with French doors lies just off the main entry.  

The second floor includes four bedrooms and two bathrooms, including a vaulted master suite with a private bath with tile flooring, elevated vanity heights, a soaking tub and a separate shower.  You’ll also enjoy the convenience of the laundry room and an enormous family room/loft area on the second floor. 

The finished basement features lookout windows, a bedroom, a ¾ bathroom, and a family room with a big screen projection TV.  A new deck was added to the home this fall.    

The home is wired for both surround sound and invisible fencing.  All you need to do is move in! 

14813 Virginia Avenue S. is situated in the South Hamilton Estates neighborhood and is in 719 Schools. 

Offered at $449,900  SOLD AT $448,000

View our VIRTUAL TOUR. 

14813 Virginia Avenue in Savage is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to schedule a private showing, call 952-212-3597.

JUST SOLD - 20655 E. Oaks Drive

JUST SOLD!

    20655 E. Oaks Drive

This stunning 4BR 3BA home features an upgraded kitchen with quartz countertops, a custom backsplash and staggered cabinetry, and a center island with pendant lighting.  The family room has a brick fireplace flanked by piano windows.  The main floor has hardwood floors and a den with French doors. 

The second floor has four bedrooms and two full bathrooms including a vaulted master suite with French doors and a private, full bathroom with a whirlpool tub.  The walkout basement is partially finished. 

This home is sold subject to third party approval.    

Offered at $285,000.

SOLD AT $296,500

West Savage Update - November 2013

Thanksgiving is just around the corner, and the market is showing signs of the holidays approaching.  Showings are quieting down, and now, only the serious buyers are out and about.   This typical fall market trend is evident in our West Savage stats this month:   Many sales closed this month, and current listings are rising as pending sales are leveling off. 

A few other positive items we find noteworthy:  

    1.)  On the Summary of West Savage Properties (available to our subscribers,) the List Price of the ACTIVE properties spans from the $300K’s to the $600K’s.  A year and a half ago, most of these were in the $200K’s and $300’Ks.  

    2.)  The (CLOSED) sales prices for the area, though still hovering in the $300K’s, are inching upwards.  The rising prices on the pending sales are indicative of the positive changes we have seen in our market this year. 

    3.)  In looking at our PENDING transactions, the home at 9325 134^th Street is the highest priced (Pulte) home sale in Oak Hills in the past three years.   

    4.)  Sales have occurred in nearly every West Savage neighborhood this month – Hamilton Hills, Hamilton Hylands, Summit Ponds, Woodhill, The Pointe, Oak Hills, Windsor Pond, and even a bluff top acreage property.   The market times are incredibly low on all these homes, continuing to demonstrate the low inventory/low interest rate frenzy that drove our market this year – in ALL neighborhoods. 

We often discuss the nature of appraisals in our West Savage Updates. This month, we encountered a unique problem on one file:  We transacted a home sale that passed appraisal – i.e. the appraised value was compatible with the sales price.  However, during the underwriting process, the underwriter called for a new appraisal because he/she did not like the adjustments that were made to the comparable properties on the original appraisal.  Just when we thought appraisals couldn’t get any trickier…

This month, single family inventory in Savage has increased, townhome inventory has decreased, and both single family and townhome inventory in Scott County (as a whole) has declined.  Our West Savage absorption rate is 2.48.   That means if zero new homes come on the market, it will take 2.48 months to sell our existing inventory.  This is an incredibly low number!

Weekly Market Activity Update - for the Week Ending November 9, 2013

Fewer people are out scouting homes now that they’re scouting the perfect bird for their Thanksgiving feast. Weekly and monthly seller and buyer activity may be slowing in comparison to last reporting period, but overall markets still show signs of stable recovery. By and large, expect the end of 2013 to look just as juicy and golden as your bird is soon to be.

 In the Twin Cities region, for the week ending November 9:

• New Listings increased 11.4% to 1,132

• Pending Sales decreased 3.1% to 819

• Inventory decreased 3.2% to 15,517

For the month of October:

• Median Sales Price increased 11.4% to $195,000

• Days on Market decreased 27.2% to 75

• Percent of Original List Price Received increased 1.4% to 95.8%

• Months Supply of Inventory decreased 12.5% to 3.5

JUST SOLD! 13006 Vernon Avenue S., Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!  

This 4BR 3BA full-brick rambler is tucked onto a wooded, walkout lot on a no-outlet street and is loaded with new updates!   The main floor features skylight/solar tubes and wide-plank Acacia hardwood flooring throughout.

  

 

Two bedrooms and two bathrooms (including a private ¾ master bath) lie on the main level.  Both bathrooms are upgraded with tile flooring, vessel bowl sinks and energy-saving toilets.  

The finished walkout basement has a family room with a wood-burning fireplace with Italian marble surround, a wet bar with a marble countertop and bronze backsplash, and two bedrooms with hardwood flooring. 

The lower level ¾ bath has tile flooring and bamboo accents.  Relax in the sauna/hot tub room, made of natural cedar. 

This home has a deck, huge patio, fire pit, new roof (2013) and new dual-zone furnace and AC (2010.)  Beautiful wooded pond views!  

Offered at $329,900

SOLD AT $310,000

VIEW OUR VIRTUAL TOUR for 13006 Vernon Avenue.

13006 Vernon Avenue S. in Savage is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to request a private showing, call 952-212-3597.