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In the Twin Cities region, for the week ending November 5:
• New Listings decreased 18.7% to 1,134
• Pending Sales increased 20.5% to 794
• Inventory decreased 22.1% to 21,214
For the month of October:
• Median Sales Price decreased 9.6% to $154,500
• Days on Market decreased 0.6% to 134
• Percent of Original List Price Received increased 1.0% to 91.2%
• Months Supply of Inventory decreased 28.3% to 6.3
Upper Landing has already had more sales this year than in 2010! There are currently 8 active listings, 2 pending sales, and 11 closed sales. The average sales price is up from $298,925 in 2010 to $308,727 in 2011. There has only been one foreclosure property at Upper Landing this year, which is amazing when you consider there are currently 17 distressed properties Downtown St Paul. We are seeing more cash buyers, buyers purchasing 2nd homes, buyers downsizing and simplifying their lives. I was recently in multiple offers at Upper Landing, which hasn’t happened in a while.
If you are considering buying or selling at Upper Landing, and would like a free consultation, call or text me at 612-735-0553.
Cheryl Kempenich, Coldwell Banker Burnet
| January-September 2011
Upper anding Sales
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| Address | Sale Price | Style | Bds | Bth | Sq Ft |
| 197 Sherman Street | $313,000 | TH | 2 | 2 | 1,818 |
| 240 Spring Street #305 | $183,500 | Condo | 1 | 1 | 752 |
| 240 Spring Street #402 | $280,000 | Condo | 2 | 2 | 1,078 |
| 240 Spring Street #223 | $330,000 | Condo | 2 | 2 | 1,150 |
| 256 Spring Street #414 | $245,000 | Condo | 2 | 1 | 1,054 |
| 256 Spring Street #116 | $310,000 | Condo | 2 | 2 | 1,223 |
| 284 Spring Street #309 | $207,500 | Condo | 1 | 1 | 1,054 |
| 312 Spring Street #304 | $322,000 | Condo | 2 | 2 | 1,706 |
| 312 Spring Street #309 | $505,000 | Condo | 3 | 3 | 2,781 |
| 338 Spring Street | $325,000 | TH | 3 | 4 | 2,116 |
| 188 Washington Street | $375,000 | TH | 3 | 4 | 2,511 |
Kemteck has great web sites call 612-623-8347 or visit Kemteck.com.
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“Market Stats Tuesdays” – Last year’s real estate statistics for Upper Landing Condos are as follows: Total number of homes available are 9 with the high price being $585,000 and the low price is $281,900. There were 10 sold last year, according to NorthStarMLS.com, the highest was $360,000 and the lowest was $176,000. To search available Upper Landing Condos go to www.UpperLandingCondos.com.
