The bad weather may have had an effect of the number of homes closing in Richfield since May 18th. Closings had been rising in number for several weeks only to fall this past week. However, all three homes sold at final list price and both single family homes were on the market only a relatively short time.
What does the slow in the closings mean? Probably not much. If this continues, it will be a trend. Otherwise, it was just a glitch.
1) 6500 Woodlake Dr. S. #901
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Listed by: Coldwell Banker Burnet
Highrise senior (55+) condo estate
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One bedroom, one bath
Days on Market: 207
Closed: May 20, 2011
Original List Price: $49,900
List Price at Time of Offer: $30,000
Sold Price: $30,000
2) 6317 Bloomington Ave. S.
Listed by: Edina Realty
One story and one-half single family home
Three bedrooms, two baths
Days on Market: 8
Closed: May 12, 2011
Original List Price: $61,380
List Price at Time of Offer: $61,380
Sold Price: $61,380
3) 7244 Oakland Ave. S.
Listed by: Re/Max Results
One story single family home
Three bedrooms, one bath
Days on Market: 34
Closed: May 18, 2011
Original List Price: $149,900
List Price at Time of Offer: $149,900
Sold Price: $149,900
Stephanie Fox is a licenced real estate agent with Coldwell Banker Burnet.