A combination of low interest rates and low housing inventory has created a competitive market in the Twin Cities.

‘Ultra-hot’ Twin Cities housing market sends buyers on wild ride (fox9.com)

Whether you need an estate tax appraisal, an estate trust appraisal or a probate estate appraisal, we have the experience to help. The type of estate appraisal and the intended us will impact how an appraiser prepares an appraisal report. Estate appraisals by a licensed and experienced real estate appraiser are the most accurate and defensible way to value a property. The information that the appraiser needs includes:

The owners name
The property address
The date of death
The name of the estate attorney
Information on improvements made to the property

In some cases, depending on the estate, there is a need to have two separate appraisals. One determining the retrospective value on the date of death and the other with the current market value.

Every piece of real estate is unique so contact Anthem Valuation to answer questions, discuss the process and get your appraisal scheduled.

https://www.twincityappraiser.com/appraisal-services/estate-probate-date-death

New research suggests that for the country as a whole May, June, July are the best times to sell with an overall 6% increase in May for estimated market value.  However, in the Twin Cities Metro the best month to sell is June with a increase of 3.1 % in value.

http://https://patch.com/minnesota/southwestminneapolis/best-time-sell-home-twin-cities-report

Families are looking for more functionality in their homes along with durability.

http://New age materials in residential housing construction emphasis durability and modern design.

The two suburbs of Edina and St Louis Park while bordering each other have very different landscapes in terms of the likelihood of a home being torn down and rebuilt.  Edina’s premier school district is likely the biggest driving factor in the decision for young families to build in Edina.

Planned amusement theme park and water park to open in 2017.  The job growth this project will create will likely drive demand for housing in the NW metro for years to come.  Historically, employment and access to employment are primary drivers in locational appeal of residential real estate.

http://www.startribune.com/sony-indoor-theme-park-adjacent-water-park-planned-for-albertville/365697391/

The housing demand for multi-family development has continued to increase in the western Twin Cities metro suburb of Maple Grove.  These 371 apartments under development trails only the city of Minneapolis (611 units under development) and Blaine. (430 units under development).

http://finance-commerce.com/2015/09/developer-wants-to-expand-affordable-housing-in-maple-grove/

The number of million dollar plus home sales within the Twin Cities metro area in the past year 491 and counting has passed the number 453 that sold in 2005 at the peak of the last real estate cycle.  Additionally, the supply of homes in that price range has decreased from a 38 month supply in 2009 versus a 13 month supply today.

http://www.marketwatch.com/story/record-sales-of-upper-end-homes-shows-strength-of-minneapolis-market-2015-12-14