Alexandria, MN. Market Inventory

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In reviewing the inventory as of this morning, I have the following data:
Currently in the…
*Residential/Residential with Acreage sections of the MLS there are 575 listings with 282 of those in Douglas County. Compared with July 30, 2010 when it reached 688 listings and 332 of those were in Douglas County(on 7.15.10 there were 683 active residential listings with 338 of those in Douglas County). Normal reductions for this time of year.

*Lakehomes sections of the MLS there are 287 listings with 171 of those in Douglas County. Compared with July 23, 2010 when it reached 440 listings and 268 of those were in Douglas County.

The peak inventory levels of 2010 eclipsed all future years in our marketplace. Sales are up slightly…I anticipate that inventory will start to show some decline as we go forward. An unbelievable posting of listings. I did the best job that I could of marketing my clients inventory. My company had an impressive year with 66 closed sales so far to date. I feel good about what my intended job was for people and in getting their property sold. I still have a lot of work to do, but my marketing efforts paid off for the bulk of my clients.

In my opinion, most of the list prices were unrealistic for the marketplace, that’s why they didn’t sell. We are still overstocked with inventory, even at this time of year. We should be down another 20% at least this time of year to reflect some kind of healthy marketplace. My advice for sellers is that if you are not satisfied with the price that can be obtained in 180 days or less, don’t list your property. Wait, the market will eventually change, always does. I’m not saying it will go up or down, only that it will change at some point. Make your decision, but don’t list at a price that cannot be obtained. What’s the point? It’s a complete waste of resources, gluttons the marketplace and drives overall prices downward. Other than that, enjoy the Christmas Season. Let’s see what next year brings.

Source: Greater Alexandria Area Multiple Listing Service

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Saying Farewell to a Friend

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RFRE 2009 Annual Meeting

Today is Kim’s last day here at RFRE. To say that we are going to miss her, is an understatement. She has been a great colleague and friend to work with. She was hard working; kind, caring and compassionate with her clients. These are all attributes that are needed in this line of work. When presented with opportunity, all of us must make a decision on which path we would choose. We here at Randy Fischer Real Estate wish her the very best and will support her in whatever road she ever takes. Best of Luck, Kim!
From your friends here at RFRE.

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Grand Arbor Underway; Alexandria, MN is recipient of visionary senior housing project!

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November 23, 2010It’s coming out of the ground. What a great addition to Alexandria!

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Alexandria, MN’s New High School

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Alexandria’s New HighSchool.Meeting1I went to the meeting on the new High School last week. The plan is for 1400 students and a 280,000 square foot facility on the 167 acre site. What inspired me most was the paradigm of the way in which we have taught our pupils and to change the paradigm…wow, that was thought provoking. What if we taught kids on how their brains were developed versus what they were told to learn? How cool is that? There is more to this new high school for this community than just bricks and mortar. I was most pleased to hear thought about how to raise the level of the students than a building. I would encourage others to attend these meetings as this new High School progresses.

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Increased Traffic in Alexandria, MN

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Traffic.Oct.2010This article from the Echo Press further substantiates the demand that is going to be placed on Alexandria’s real estate. Take the time to read it (3-5 minutes) if you have any interest in the real estate environment here in Alexandria. A couple of points are the existing and future projections of traffic volume. And the addition of a new I-94 ramp.

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Mornings Thoughts

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As I sit on my perch in the world, I see that the real estate business is moving forward from the abyss of the past. Sales are up in the MLS, I believe that time will tell that the market of 2009 will be the bottom in sales for the Alexandria marketplace. Other markets may have a rough spell yet before they get out of the deep chasms that their markets may have entered. Short of anything cataclysmic, the market of Alexandria has a very forward eye on the future. Our sales have been fantastic, I find sellers more realistic and buyers more optimistic as I deal with people on a daily basis. The world will always have pessimists to proclaim the doom and gloom, I’m just glad that I don’t have to work with them as co-workers on a daily basis. Much too draining in a world that is so full of opportunity right now.
Like one man said today, predicting that gas might hit $4.00. I said, let’s say that does happen. The world won’t stop, but it will change the course of the economy. That event will create all kinds of creative thought and ideas for people to commute without paying the high gas cost. Lifestyles will change, some people will make a lot of money, others will lose a lot of money…it sure won’t pay to cry about it…move on.
Anyway, it’s much more fun getting up in the morning looking forward to the day, then dreading it.
Life is great, Keep Having Fun!

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