Community Corner
SOLD! Home Sales in Richfield Beat Last Year's Figures
The number of closings for the first 5 months of 2011 beat 2010 numbers.
The increase in the number of Richfield closings reflect a energetic Richfield housing market. One surprising statistic is that more homes closed in Richfield between the first of the year and mid-May of 2011 than during the same time period in 2010 when the first time buyer’s tax incentive was encouraging sales of mid and lower priced homes.
In 2010, 131 homes closed and in 2011, 138 homes closed, including seven homes last week. While this is not a big increase, it’s not the decrease seen in some markets. These numbers generally reflect contracts that were signed from 30 to 60 days previous to close. In addition, this summer—at least until mid-July—should encourage more buyers to buy Richfield.
Here are the details on the seven Richfield homes SOLD! last week:
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1) 7304 Garfield Ave. S.
Listed by Century 21 Pastrana
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One and on-half story, single-family home
Four bedrooms, one bath
Days on Market: 31
Lender owned
Closed: May 2, 2011
Original List Price: $94,000
List Price at Time of Offer: $94,000
Sold Price: $94,100
2) 7109 13th Ave. S.
Listed by Century 21 Pastrana
One-story, single-family home
Three bedrooms, One bath
Days on Market: 17
Lender owned
Closed: May 4, 2011
Original List Price: $114,000
List Price at Time of Offer: $114,000
Sold Price: $114,500
3) 6921 11th Ave. S.
Listed by Brokers Clearing House Realty
One story single family home
Four bedrooms, two baths
Days on Market: 67
Lender owned
Closed: May 4, 2011
Original List Price: $139,900
List Price at Time of Offer: $129,900
Sold Price: $129,900
Seller Contribution: $3,897
4) 6808 Queen Ave. S.
Listed by Re/Max Results
One-story, single-family home
Two bedrooms, one bath
Days on Market: 126
Closed: May 4, 2011
Original List Price: $142,500
List Price at Time of Offer: $139,000
Sold Price: $133,750
Seller Contribution: $6,000
5) 6909 Bloomington Ave. S.
Listed by Edina Realty
One-story, single-family home
Three bedrooms, two baths
Days on Market: 35
Closed: May 4, 2011
Original List Price: $154,900
List Price at Time of Offer: $154,900
Sold Price: $150,500
Seller Contribution: $5,200
6) 7109 13th Ave. S.
Listed by James M. Waters
One-story, single-family home
Three bedrooms, two baths
Days on Market: 35
Closed: May 2, 2011
Original List Price: $174,865
List Price at Time of Offer: $169,865
Sold Price: $166,000
7) 6639 Morgan Ave. S.
Listed by Keller Williams Integrity
One and a half story, single-family home
Three bedrooms, two baths
Days on Market: 33
Closed: May 2, 2011
Original List Price: $289,900
List Price at Time of Offer: $289,900
Sold Price: $285,000
Seller Contribution: $10,000
Stephanie Fox is a licensed real estate agent with Coldwell Banker Burnet.