StoneManor of Alexandria: Senior Perspective Story for August 2013

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Senior Perspective Article

Opening August 1…

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New Construction

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NewHomeSales 07.24.2013

Source: Wells Fargo Securities, US Dept of Commerce

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StoneManor of Alexandria, MN: 07.19.2013

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OUR BEST PHOTOS SO FAR…THEY LAID SOD FOR TWO DAYS. FREAKING AWESOME!

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Historical Interest Rates for 200 Years

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Rent vs. Buy Chart

Rate Chart FHA for 20 Years

Rate Chart FHMLC for 30 Years

Rate Chart for 200 Years

I got these charts from Craig Tiffany, pretty cool. I’ve been saying to folks that you need to take advantage of these rates NOW! In some ways, the best rates might be gone forever…

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Housing Starts Nationwide: 7.17.13

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HousingStarts_07172013

Looks like we are finally entering the level of construction that would be considered normal…

Source: Wells Fargo Economics, US Dept of Commerce

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StoneManor of Alexandria, MN: 07.17.13

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Progress is being made…appliances are getting installed, finishing the floor coverings, working on landscaping…it’ll be open on the 1st of August!!!

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Alexandria, MN ranks ‘Top 10 Best Small Towns in America’

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Alexandria ranks in ‘Top 10 Best Small Towns in America’
We knew it, now it’s out for everyone else to discover – Alexandria is a great place to live. Alexandria is ranked seventh on the list of “America’s Top Small Towns.” Livability.com, a website that ranks quality of life and travel amenities of America’s small and mid-sized cities, revealed the list on July 2.
By: Amy Chaffins, Alexandria, MN Echo Press

The small town atmosphere, serene lake setting and quaint downtown put Alexandria in the top 10 list of “America’s Best Small Towns,” according to Livability.com.

Talk about it We knew it, now it’s out for everyone else to discover – Alexandria is a great place to live.

Alexandria is ranked seventh on the list of “America’s Top Small Towns.”

Livability.com, a website that ranks quality of life and travel amenities of America’s small and mid-sized cities, revealed the list on July 2.

Sarah Stadtherr, executive director of Alexandria Hotel and Hospitality, said, “I think people are proud to live in Alexandria. I feel like we ‘hit the goldmine’ for where to live in the world.”

Stadtherr helped coordinate the application for the best small towns list.

Editors at Livability.com narrowed their search for the top 10 towns by:

Steering clear of big-city suburbs and communities considered part of a larger metropolitan area.

Considering population and economic growth rates, comparing employment trends, cost of living and other economic factors.

Looking at a town’s quality of life and amenities that attract relocating businesses and residents: community spirit, a less hurried atmosphere, good schools, an emphasis on family values and historic preservation.

Livability.com noted, “The community’s active lifestyle, cultural offerings and beautiful scenery continue to attract new residents. A collection of lakes surround the town, creating an island-like atmosphere.”

UNIQUENESS AND BALANCE

“I think our uniqueness is that we have multiple things for people to do, not only as a visitor, but as a resident too. We have a lot of things going on,” Stadtherr said.

That’s in addition to Alexandria’s strong manufacturing, health care, agricultural and tourism base.

“I would call it the fabric of our community,” Stadtherr said. “We’ve got theaters and the Central Lakes Trail. We’ve got the scenic byway that runs right through downtown and of course, our downtown is beautiful. I stressed all of those things in the application. Our fabric isn’t just a surface-level look. We have all the things that make it a nice, strong fabric.

“We live in a modest community. But we really do rock. We’re really incredible,” she said.

Jason Murray, executive director of the Alexandria Area Economic Development Commission (AAEDC), said Alexandria making the Top 10 Small Towns list is a great accolade and speaks well to the breadth of this community as a regional center.

“It speaks to the collaboration of our community, the work that both our government and non-profit sector do,” Murray said. “To me, it’s the value that our non-profit and governmental sectors work together. There’s a strong partnership to really look at the community growth and the economic vitality.”

He added, “We enjoy a balance most communities don’t; a balance between our retail and manufacturing, health care, tourism and recreation. Sometimes we take that for granted, but it’s such a well maintained balance and a nice amenity to have. I think that speaks to any ranking when you look at your community.”

The AAEDC provided application information regarding Alexandria’s demographics, population, employer growth and trends in the community.

Growth of the community is one point that made Alexandria a finalist. From 2010 to 2012, Alexandria’s population grew by 4.3 percent.

“For us, we’re an importer of laborers. We have more jobs in this community than we have people. Not all the other communities have that,” Murray said.

IMPACT OF RANKING

“I think we could see an influx of visitors and hopefully will have a big economic impact in the short term, but the long term as well,” Stadtherr said.

Murray said some local companies are already using the “Alexandria named a Top 10 Small Town” as an employee recruitment draw.

“It always backs up the conversation about the lakes and trails and recreation amenities our community has,” he said. “If that helps them, that’s great.”

Stadtherr said, “Every opportunity starts with a visit to our community. So, if people come for a visit, they might come back for a visit. If they come back for a visit, they might decide to buy a cabin here. Or they might decide to relocate here or start a business here. It always starts with a visit.”

Top 10 Small Towns in America 2013:

1. Dickinson, ND

2. Oxford, MS

3. Rock Springs, WY

4. Oak Harbor, WA

5. Brookings, SD

6. Los Alamos, NM

7. Alexandria, MN

8. Traverse City, MI

9. West Plains, MO

10. Cambridge, MD

Source: Livability.com, a website that ranks quality of life and travel amenities of America’s small and mid-sized cities, Alexandria, MN Echo Press

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Housing Shortage? Alexandria, MN: Market Date 7.11.13

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In looking at the current housing inventory levels for today, it appears that the current housing inventory is below last years levels and also the prior 7 years. Here’s what I have:

THESE ARE PEAK INVENTORY LEVELS THAT I HAVE RECORDED IN THE ALEXANDRIA, MN HOUSING MARKET (NON-LAKE) GOING BACK TO 2005. THESE DATES WERE THE DATES OF THE HIGHEST VOLUME OF INVENTORY FOR THAT YEAR IN THE RESIDENTIAL HOUSING SECTION RECORDED IN THE GAAAR MULTIPLE LISTING SERVICE. I DON’T BELIEVE THAT WE WILL SEE A SPIKE UP IN INVENTORY PAST THE 245 RECORDED IN JUNE FOR 2013. TODAY, THE INVENTORY IS AT 237 LISTINGS, SO IT HAS ALREADY STARTED TRENDING DOWNWARD, I BELIEVE THAT WILL CONTINUE OR HOLD STEADY UNLESS SOME FORCE IN THE MARKET ENTERS THE UNIVERSE. THAT BEING SAID, 2013 MIGHT BE THE LOWEST LEVEL OF PEAK HOUSING INVENTORY RECORDED SINCE 2005 (I do not have any data prior to 2005 that recorded daily inventory. The only way that I know how to get this data is to record it every day, which I have been doing since 2005. I don’t believe that there is another real estate agent in the Alexandria, MN market that goes to these lengths to track the market activity daily. It’s the only way to make any sort of analogy.)

6.13.13 Residential Housing at 245 listings in MLS in Douglas County
7.20.12 Residential Housing at 306 listings in MLS in Douglas County
8.09.11 Residential Housing at 342 listings in MLS in Douglas County (639 MLS Total)
7.15.10 Residential Housing at 338 listings in MLS in Douglas County (683 MLS Total)
7.21.09 Residential Housing at 325 listings in MLS in Douglas County (608 MLS Total)
8.28.08 Residential Housing: 658 MLS Total
7.13.07 Residential Housing: 663 MLS Total
6.30.06 Residential Housing: 657 MLS Total
9.25.05 Residential Housing: 482 MLS Total

My prediction is that what we are about to experience in the Alexandria, MN housing market next, is a housing shortage. We will have went from gluttonous amounts of inventory to a lack of inventory. What a ride it’s been…

Source: Greater Alexandria, MN Area Association of Realtors Multiple Listing Service

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Housing Data Wrap-Up: June 2013

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This is quite the report…if you have been following the Randy Fischer Blog site the past 4 years, this is exactly what we have told you would happen. I also told Vikingland Builders at their monthly meeting that they would not see the housing market come back till 2013. It feels better, the sky is a little bluer…

Source: Wells Fargo Economis Research Division, US Department of Commerce, National Association of Realtors

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StoneManor of Alexandria, MN: 07.03.13

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Putting in carpet on 2nd floor, elevator is in and operational…not inspected yet though, landscapers here a week from monday, irrigation goes in next week…should make it.

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