Community Corner
SOLD! Richfield Homes Still Selling Quickly Despite Season Change
Richfield has what buyers want–moderately priced and pretty.
Homes are still selling in Richfield– and quickly–despite the change of seasons. Of the five homes that sold last week, three sold in less than a month, one sold in less than two months. Only one, the only short-sale, was on the market for a considerable length of time, nearly a year.
Has the market for short sales and bank owned property played itself out? Probably not, but traditional sales are beginning to attract first and even second-time buyers.
Richfield is one of the best areas in the Twin Cities for moderately priced but solidly built homes, and sellers are putting time and money making these homes ready for the market.
In the past, spending money fixing up a home before selling it was discouraged by real estate professionals, but now, with competing housing stock made bright and new, sellers listing agents are starting to recommend at least some upgrading before selling.
Find out what's happening in Richfieldwith free, real-time updates from Patch.
Here are the details on the five SOLD! homes last week:
1) 7009 Upton Ave. S.
Find out what's happening in Richfieldwith free, real-time updates from Patch.
Listed by: Cameron Real Estate Services
Single-family home: four bedrooms, two baths
Days on Market: 348
Short sale
Closed: Oct. 14, 2011
Original List Price: $220,000
List Price at Time of Offer: $109,900
Sold Price: $89,040
2) 6332 Pillsbury Ave. S.
Listed by: Enterprise Realty
Single-family home: four bedrooms, one bath
Days on Market: 22
Closed: Oct. 13, 2011
Original List Price: $174,750
List Price at Time of Offer: $149,900
Sold Price: $145,000
Seller Contribution: $938
3) 6532 2nd Ave. S.
Listed by: Edina Realty
Single-family home: Three bedrooms, two baths
Days on Market: 28
Closed: Oct. 14, 2011
Original List Price: $165,000
List Price at Time of Offer: $165,000
Sold Price: $160,000
Seller Contribution: $7,000
4) 7013 Garfield Ave. S.
Listed by: Bayshore Realty
Single-family home: three bedrooms, two baths
Days on Market: 55
Closed: Oct. 14, 2011
Original List Price: $187,500
List Price at Time of Offer: $187,500
Sold Price: $180,000
Seller Contribution: $7,498
5) 7512 Dupont Ave. S.
Listed by: RES Realty
Single-family home: four bedrooms, two baths
Days on Market: 29
Closed: Oct. 13, 2011
Original List Price: $149,900
List Price at Time of Offer: $189,900
Sold Price: $190,500
Seller Contribution: $5,715
Stephanie Fox is a licensed real estate agent with Coldwell Banker Burnet.