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Comparative Market Analysis
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| |  To perform a thorough comprehensive market analysis on your property many market dynamics in addition to comparables need to be considered. Market dynamics monitored by Norwoods on a regular basis include weekly market activity reports, employment, monthly market indicators, housing supply outlook, residential real estate activity report and foreclosure & short sales reports (quarterly report of lender-mediated real estate sales activity which has become very important of late) all of which reports are available to you for the asking.
The correct "best" selling price of a home is the highest price that the "current" market will bear. In determining the asking price we provide you with a comprehensive market analysis of comparable properties recently sold and offered for sale in your neighborhood. In July 2010 the Minneapolis Area Association of Realtors (MAAR) launched their web-based market analytics tool known as “The Thing.” Per MAAR …“Users can combine metrics like median sales price, months supply or days on market with breakouts like home types, foreclosures and new construction. The many possible combinations can be further broken down to geographic area, including cities, counties, ZIP codes and MLS areas. And none of this will take more than a few clicks. 10K products are built to be highly localized, visually elegant and intuitive.” Here is the link http://thething.mplsrealtor.com/ | Feel free to use "The Thing" tool as often as you would like and contact us for assistance in interpreting the data if needed. For an estimate on your property simply enter your criteria below, and we will provide you with a speedy response. The more information given, the more accurate the evaluation. All information you provide is secure and will be kept strictly confidential. There is no obligation. Please indicate when you are thinking of selling and if you are moving within the Minneapolis area or relocating outside Minneapolis area.
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