West Savage Real Estate Blog

HAMILTON HYLANDS Current Housing Inventory

Number of Homes Actively Available for Sale - 2

Number of Pending Transactions - 0

Number of Homes in TNAS (Temporarily Not Available for Showings) - 0

Number of Closed Transactions for January 2019 - 0

JUST SOLD in Hamilton Hylands! 8816 Carriage Hill Road, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD in Hamilton Hylands!  8816 Carriage Hill Road, Savage  

Our buyer is purchasing this stunning 5BR 4BA home in the Hamilton Hylands neighborhood of Savage! 

Updates include a kitchen with custom  maple cabinets, granite countertops, stainless steel appliances, a custom backsplash and hardwood floors. 

Main and lower level family rooms.   Spacious master suite featuring a private bath.  Spacious mud room.  Great deck and patio area for entertaining !  Well-manicured yard with professional landscaping. Close to shopping and restaurants, trails and parks!

Offered at $374,900.

JUST SOLD in Hamilton Hylands - 9128 W. 138th Street, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD in Hamilton Hylands - 9128 W. 138th Street, Savage 

Welcome to 9128 W. 138^th Street in Savage! This five bedroom walkout home sits on a private wooded lot across from Woodhill Park! It’s just steps from walking trails and a couple minutes from area shopping and freeway access. You’ll enjoy an open floor plan with volume ceilings, a large kitchen with a pantry, and a huge sun-filled dining area with hardwood floors. Just off the living room lies a family room with a 3-sided fireplace and a 3-season sun porch with heated tile flooring. A spacious entry lies off the garage. 

The second floor has new carpet, three bedrooms on one level, and two full bathrooms. The private master bathroom has a whirlpool tub and dual sinks. The home features two walkout lower levels. The first has a large family room with a gas fireplace, a bedroom with French doors, and a full bathroom. The second lower level has an amusement area with a 2-sided fireplace shared with the fifth bedroom/den option. 

This home includes a large crawl space for storage, a new roof in 2013, and in-ground irrigation.   The home is incredibly close to a number of parks, walking trails and shopping. Quick access to 169!

View our VIRTUAL TOUR.

Offered at $342,000.   SOLD AT $346,802

9128 W. 138th Street in the Hamilton Hylands neighborhood of Savage is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to request a private showing call 952-212-3597.

JUST SOLD in Hamilton Hylands across from Woodhill Park! 9104 W. 138th Street, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD in Hamilton Hylands!  9104 W. 138th Street, Savage

Welcome to this two story that offers wonderful wooded privacy right out your window! The main floor features a family room with a gas fireplace and volume ceilings, and an enormous kitchen with a center island and pantry and huge dining space! An office and another flex room (bedroom option) also lie on the main floor, as well as a ¾ bath. 

The second floor features three bedrooms and two full baths, including a private master bath with a whirlpool. The finished walkout basement has tons of space to relax, with a family room, bedroom and ¾ bath.  

The yard is fully-fenced and there’s an incredible 2-tiered deck for relaxing. The garage ceiling has already been insulated. Convenient location right across from Woodhill Park!  

View our VIRTUAL TOUR.

Offered at $339,900  SOLD AT $339,900

9104 W. 138th Street is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to schedule a privage showing call 952-212-3597.

West Savage Inventory Begining its Climb

Our local REALTOR Association Reports:  

 

The January 2010 Twin Cities housing market has shaped up to be nearly identical to January 2009.

-Pending sales are down slightly from a year ago, but not by much.

-New listings are down slightly from a year ago, but not much.

-Inventory is rising slowly, but not much.

After the roller coaster ride the local market has experienced over the last four years, perhaps "not by much" is a welcome respite.

-There were 558 signed purchase agreements for the week ending January 23, down 2.3 percent from a year ago.

-New listings posted 1,522 units, down 0.6 percent from a year ago.

-The current inventory of active listings is 20,629, down 17.5 percent from a year ago.

The February 2010 Supply-Demand Ratio sits at 6.99, which means there are 6.99 homes available for each buyer. That's a drop of 8.5 percent from a year ago and the lowest February mark since 2006.

 

When looking at the West Savage marketplace, inventory is begining its steady crawl up to normal levels.    As of today we are at 18 total active listings in West Savage (typically in spring/summer we see as many as 28-30), and a few TNAS (Temporarily Available for Showing) listings, meaning there is an active contract on the property but for one reason or another, the home is not available for showings.  We also have a couple of For Sale By Owner homes on the market/entering the market that are not included in this active count (The Pointe, Hamilton Hylands). 

 

A glance at our inventory this early in the year is pointing at one striking detail:   This appears to be the year that the traditional seller is re-entering the marketplace, after a year and a half of sitting back and waiting.   We hope all goes well for them as we move into spring and summer, though we are still not seeing any appreciation at this time, as short sales and foreclosures are continuing to pop up in our marketplace from time to time.    More updates to follow on West Savage Blog.

West Savage Market Is Cooling...and Some Interesting Inventory Tidbits

By Chad Huebener

 

The market is cooling in West Savage, both in terms of active listings and sales.  Total listings are down to just 13 – sitting at about 43% of the typical supply.  This is amazingly low.   15% of these active properties are short sales or foreclosures.  Fortunately this number is far below the metro market average of about 50%.  

 

Even more noteworthy, for the month of October, the most fascinating statistic lies in The Pointe neighborhood – a neighborhood of 242 homes which, for most of the month, had only one home on the market.   There are now two active listings in The Pointe, and 50% fall into the short sale/foreclosure category.   

 

The absence of For Sale signs has become an interesting trend.   31% of West Savage inventory, including 100% of the inventory in The Pointe, Hamilton Hills, and Hamilton Hylands, have no yard signs.  One property in Hamilton Hills has been converted into a rental, but remains on the market with no sign.   Residents should be aware that some homes with For Sale signs are no longer active on the market, but the signs remain posted.  

 

What to watch for:    It will be interesting to observe the effect of the new $6,500 Tax Credit for existing homeowners.  The tax credit applies to those who have lived in their homes for at least five years and will purchase a new primary residence, with a binding Purchase Agreement secured by April 30, 2010, closing no later than June 30, 2010.   We predict we might see an early spring.  In real estate terms, this means we think sellers will enter the market (and buyers begin looking for homes) sooner rather than later, in order to get their Purchase Agreements solidified before the tax credit expires. 

 

Inventory is down for Savage as a whole and Scott County.  This is typical of this time of year, and we expect to see this remain steady through the winter.

 

Our West Savage absorption rate is 4.5%.   That means if zero new homes come on the market, it will take 4.5 months to sell our existing inventory.  This is a nice, low absorption rate!

Just Listed in Hamilton Hills!

This Hamilton Hills home is now SOLD!

This warm and inviting home is situated in the upscale Hamilton Hills neighborhood on a quiet cul de sac. With soaring ceilings and a two-story Great Room plus loft, this home provides an amazing "sense of space".

Enjoy upgrades such as hardwood and tile floors, solid doors, a fireplace and updated window treatments. The kitchen has a center island, writing desk, and corner windows. A patio door walks out to the deck. The Formal Dining Room has French doors which open to a two-story foyer. A half bath and main floor laundry also lie on the main floor.

The private master suite offers bright windows, dual sinks, a whirlpool tub and separate shower. The second floor also offers two additional bedrooms and a full bathroom, as well as a loft overlooking the Great Room.

The lower level is finished and includes a family room, guest bedroom, a bathroom with shower, and tons of storage. Plenty of sunlight shines into the lower level. The home is situated on a large, cul de sac lot with gardens, and has a sprinkler system and three-car garage.

For more information on this beautiful Hamilton Hills home, please contact us at (952) 212-3597.  

Weekly Market Activity Report

Compiled with statistics from the Southern Twin Cities Association of REALTORS....

 

The month's supply of total inventory in the Twin Cities housing market fell slightly to 9.5 months for October, which is 3.9 percent below last October. While the downward year-over-year movement is encouraging, we are still far from a balanced market.

Home values continue to experience downward pressure as lender-mediated foreclosure and short sale properties maintain their relatively strong market share. 

The lower price ranges remain a hotbed for activity. For instance, sales under $120,000 have increased 178.0 percent in the last year, jumping to 5,473 sales during the last twelve months compared to 1,969 during the twelve months prior to that.

The big letdown in home sales that many of us have expected following the recent drops in consumer confidence has yet to materialize in the Twin Cities housing market. For the week ending October 25, there were 602 pending sales, up 17.1 percent over the same week last year. Despite the uncertainties swirling in the general economy, home sales continue to post year-over-year increases every week. Lender-mediated sales continue to grow market share, as 51.1 percent of pending sales for the most recent reporting week were foreclosures or short sales, which should mean continued declines in median sales prices.

New listings for the same week were down 2.0 percent from the same week in 2007, and the total number of active homes for sale is down by 9.2 percent year-over-year.

The updated Supply-Demand Ratio of 10.72 for this week's edition of the MAAR Weekly Market Activity Report incidates that there will be approximately 10.72 houses for every buyer during the month of November. This is down 13.9 percent from November 2007's figure of 12.45.

Welcome!

Welcome to the real estate blog for Chad and Sara Huebener!   As we begin our blog, we invite your questions on the local real estate market.