Time to move north

It is Friday and Fridays are for fun. Climate change is kind of like gravity. It doesn’t matter what a person believes it is getting warmer even here in Minnesota. July 2019 was the warmest month on record. It was warm in Minnesota too but we still have a lot of cold here in the Northland.

Minnesota Climate

Now is a great time to move to Minnesota . . it won’t snow until December or January and it will be warm enough to go outside until at least mid-November. Minnesota winters are shorter and warmer than they used to be but are still very long and brutally cold.

Earlier this year temperatures dipped down to -27 with a high for the day of -13.  There were three days in a row where the lows were below -20.  It looks like we have had two days this year with a high of 90 degrees. That is 117-degree temperature range in a six month period. You just can beat that for variety. Earthquakes are rare here and we are far from the rising seas.

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snow
Taken March 10th 2019 St. Paul, MN

If you need help finding and buying real estate in Minnesota I can help. Hurry before it is too late and before it gets too crowded.

Throwback Thursday – bikes

St. Paul used to have a shared bike program. I have photographic evidence.

bike share
On 6th street at Landmark Plaza in downtown St. Paul
shared bikes
7th and St. Peter in downtown St. Paul

Bike share systems remain popular throughout the U.S. and around the world. According to a report just released by the National Association of City Transportation Officials, residents and tourists in US cities took 35 million bike-share trips in 2017, up a whopping 25 percent from 2016.  The number of trips that are taken each day on shared bikes continues to rise.

The lack of a share bike program in St. Paul makes the city unique. Who knows maybe one day St. Paul will be the only city without a bike-share program.

Humans are exposed to mold indoors and out

I drew this myself

There is a 100% chance that the home you live in and the one that you buy in the future has mold in it. Mold is everywhere.

This is what the Minnesota Department of Health has to say about mold testing:

Poor reason for testing #1 “To find out if there is mold”

A complex mixture of mold particles normally exists in all occupied indoor environments. If appropriate testing is done, it is expected that molds will be found. There is, however, an important distinction between the normal presence of mold particles, versus mold growth and accumulation indoors. Unfortunately, even when it is done well, testing may not be able to distinguish between “normal” and “problem” conditions and it may even give misleading results.”

To lessen mold growth in your home, seal up any leaks, dry everything out. Clean or remove moldy surfaces. The Minnesota Department of Health website has information about how to clean up mold using bleach and water. 

I know it was just last month that I wrote about Lead-Based Paint because it is safe to assume most St. Paul houses including my own contain lead-based paint.

St. Paul home sales and prices by neighborhood

Here are the July home sales numbers. They are pretty average for what we have been seeing of the last few years. The number of homes on the market is slowly creeping up but is still at historic lows.  The number of pending sales is the same as last month and overall list prices are lower than sales prices.

The number of days it takes to sell a home is up from last month which is a normal seasonal variation. Average home sale prices are up but down from when they likely peaked for the year in May.

The seller’s market remains strong. Some economists are suggesting that it may weaken next year. We shall see. I don’t expect to see changes until 2025 or so.

The sales prices in red on the table are all higher than the average list price.

table of home sales by neighborhood
July Home sales number – St. Paul, MN July 2019

If you would like to know how much your house might sell for and how long it will take to sell please contact me for a free no-obligation consultation.

If you like numbers and would like to see more look in our Local market conditions & home prices category.

The data used to create the table with home prices was extracted from the NorthstarMLS. The data in the NorthstarMLS is deemed reliable but not guaranteed.

Housing absorption rates

The housing absorption rate is a measure of how long it would take for buyers to buy every home that is on the market. We assume that no more houses would be added. The overall absorption rate for St. Paul is 1.8 month. That is lower than the 2.2-month overall rate for the Region and the 2.1-month rate for the 7 county metro area.

For an up-close local look here are absorption rates by St. Paul neighborhood. Rates have gone up slightly for some neighborhoods and down for others.

table
Absorption rates for housing in St. Paul

Data used to make the table above was extracted from the NorthstarMLS and is deemed reliable but not guaranteed. Tomorrow I’ll publish Home sales and prices for July 2019.

Sunrise over the lake

It is Friday and Fridays are for fun. Fridays are also the day that a lot of good Minnesotans go “up to the lake”.  I have friends who live on lakes north of “the cities” and spend summer weekends at lakes “up north”.

People who live outside of the Twin Cities like to go “up to the cities”. Minnesotans can go “up to the cities” no matter which direction they need to travel get there.

I am not sure where “up north” starts, but it ends in southern Canada. The state of Minnesota is a northern state. Even southern Minnesota is north.

Every Minnesotan should have a lake to go up to. There are plenty of lakes in the cities but they are not “up north”. Lake Superior is my “up north” and “up to the lake”.

Lake Superior
Lake Superior at Grand Marais MN