Do you feel the fall in the air? It is that time of year again when we are hosting our annual apple giveaway held on the closing day of the Mill City Farmers Market. We want to thank you for being our valued clients and friends. Without you and your great referrals, we wouldn’t be able to continue our annual sustaining sponsorship of the Mill City Farmers Market. This market supports organic and local farmers and artisans and provides a place for the public to gather and share a community spirit in our thriving Mill District neighborhood. Come find us Saturday October 31! We are excited to see you again!
Come meet Jay and Luciana at the Borough Block Party today from 3:00-7:00pm!
3RD ANNUAL BOROUGH BLOCK PARTY
Sunday, August 16th 12-7pm
730 N Washington Ave
Black Market Brass
Corn on the cob
Jay spoke about the current market conditions with Roshini Rajkumar on WCCO this Sunday. He spoke about some of the challenges facing developers and offers a solution where we can encourage the legislature to limit the scope of repairs developers are responsible for in the 10 year period following construction.
We’ve got a lot of apartment developments going up and we are experiencing a lack of condo inventory downtown. Currently there are only 3 active condo listings over $800k in downtown right now!
We are pleased to welcome the Jay Ettinger Team to our downtown office. This strategic move will further cement Ettinger’s presence downtown while expanding the Cynthia Froid Group’s Mill District specialty to the historic and growing North Loop neighborhood.
We are thrilled to have someone of Jay’s caliber on our team. He is a powerhouse, with a wide, loyal network. His approachable and accommodating style, along with his strong sense of integrity, will fit right in. Jay brings 16+ years of successful real estate experience, along with an extensive business acumen, that will be vital to the firm as we continue to grow and evolve in this new phase.
Jay’s successful real estate career has been with Edina Realty for the last 16 years, where he and his associate Luciana Lanni closed over 500 transactions totaling $200 MM in revenue. Jay has been consistently ranked among Edina Realty’s top agents and honored as a member in the prestigious Chairman’s Club. He also has been named a “Super Agent” by Mpls. St. Paul Magazine annually since 2003. In addition, he is part-owner of four successful Minneapolis restaurants, one of which, Borough, was named a Top 50 Best New Restaurant in America by Bon Appetit Magazine in 2013.
Jay is ingrained in the Twin Cities community, and serves as a board member for nonprofit organizations including Fighting Chance, Harding’s Hope and the Twin Cities Chapter of the Cystic Fibrosis Foundation. He also supports and volunteers for Big Brothers Big Sisters and Camp Odayin.
from the Wall Street Journal: Minneapolis makes the list as 2nd street or avenue tops the charts for highest prices (anyone say: Mississippi Riverfront Property?)
REAL ESTATE SPREAD SHEET
Ranking Numbered Streets and Avenues by Home Prices
What numbered roads—from First to Tenth—have luxury homes with the highest asking price?
By M.K. QUINLAN
July 29, 2015 9:48 a.m. ET
In this competition, it pays to place fifth.
In an analysis of numbered streets and avenues, Spread Sheet found that homes across the U.S. listed on Fifth Avenue and Fifth Street have the highest median asking price, compared with other homes listed on First through Tenth.
Of the roughly 40,000 current listings on realtor.com, homes, condos and townhomes listed for $1 million or more on Fifth Avenue/Street have a median listing price of $2.25 million, according to the real-estate listings website.
New York’s Fifth Avenue—with luxury shopping, world-class museums and views of Central Park—commands some of the highest prices in New York. “If Central Park was built one avenue over, then Sixth Avenue would have been the street,” said Jennifer Ireland, a real-estate broker with New York City-based Brown Harris Stevens. Without the New York listings in the mix, Fifth Avenue and Fifth Street drop to third place in the median asking price ranking.
The highest listing on Manhattan’s Fifth Avenue is an $85 million seven-bedroom, eight-bathroom condo in the Sherry-Netherland Hotel with views of Central Park.
In Des Moines, Iowa, condos at the new Whiteline Lofts on SW Fifth Street are some of the city’s highest-priced properties, said B.J. Knapp, a real-estate agent with Iowa Realty. “If you’re on Fifth, you’re in the center of the action,” he said. “You have the farmers’ market and the financial district, and views of the river, the baseball stadium and the Capitol. These are over a million bucks—and that’s a big deal in Des Moines.”
The realtor.com analysis looked at current listings and included variations on wording, such as First and 1st and Avenue and Ave. Overall, listings on lower-numbered streets/avenues are both more prevalent and more expensive a square foot than homes on higher-numbered roads. “Most cities are laid out where numbered streets move away from a body of water or a park of some sort,” said Mrs. Ireland. “That’s why you’re seeing prices higher in those lower numbers, because they’re close to something pretty.”
Lower-numbered roads are also generally in denser urban areas—where condo and apartment towers outnumber single-family homes, said Javier Vivas, an economic research analyst at realtor.com. ( News Corp, which owns The Wall Street Journal, also owns realtor.com, the listing website of the National Association of Realtors.)
Finally, “avenues” are more elite than “streets.” The median price of urban condos listed on First through Tenth avenues is 21% higher than those listed on First through Tenth streets.