Community Corner
SOLD! A Short Business Week Doesn't Slow Richfield Home Sales
The Richfield housing market, like the temperature, is hot, hot, hot.
Despite the short work week, six homes closed in Richfield. Buyers looking for starter homes and homes under $250,000 are going out in the sunshine hoping to find and move in to a new home before the cold weather moves in the fall.
Few homes sell for list price, but few buyers respond well to low-ball offers, with the exception of some lenders where the home has been on the market for a long time. This summer is a good time to sell and to buy in Richfield.
Here are the details for the six homes that SOLD! in Richfield last week:
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1) 6839 Columbus Ave. S.
Listed by: Re/Max Results
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Single-family home; three bedrooms and one bath.
Days on Market: 42
Closed: July 1, 2011
Original List Price: $114,900
List Price at Time of Offer: $114,900
Sold Price: $111,000
2) 7427 Portland Ave. S.
Listed by: Coldwell Banker Burnet
Single-family home; two bedrooms and one bath; estate.
Days on Market: 236
Closed: June 30, 2011
Original List Price: $143,000
List Price at Time of Offer: $124,900
Sold Price: $118,000
Seller Contribution: $4,130
3) 7009 Oakland Ave. S.
Listed by: Coldwell Banker Burnet
Single-family home, three bedrooms and two baths; short-sale.
Days on Market: 89
Closed: June 30, 2011
Original List Price: $164,500
List Price at Time of Offer: $138,500
Sold Price: $132,000
4) 6327 3rd Ave. S.
Listed by: Edina Realty
Single-family home; four bedrooms and three baths.
Days on Market: 53
Closed: June 23, 2011
Original List Price: $209,900
List Price at Time of Offer: $199,900
Sold Price: $186,000
5) 7503 17th Ave. S.
Listed by: Berkley Group
Single-family home; four bedrooms and two baths.
Days on Market: 12
Closed: July 1, 2011
Original List Price: $219,900
List Price at Time of Offer: $219,900
Sold Price: $216,000
Seller Contribution: $6,000
6) 7400 Lyndale Ave. S.
Listed by: Hendrickson Homes Real Estate
Single-family home; three bedrooms and two baths.
Days on Market: 233
Closed: June 30, 2011
Original List Price: $349,900
List Price at Time of Offer: $289,500
Sold Price: $265,000
Stephanie Fox is a licensed real estate agent with Coldwell Banker Burnet.