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Home > Archives for Tom

2021 Twin Cities Real Estate Market Report

February 15, 2022 by Tom Leave a Comment

2021 Twin Cities Real Estate Report

Just Released & Hot Off the Press 2021 Minneapolis Area Association of Realtors Real Estate Market Report! This is an depth annual report of the Twin Cities housing market broken down into specific areas and neighborhoods. There is an abundance of information on the residential real estate market activity in the 16 county Twin Cities region of Minnesota. Enjoy! Continue Reading

Minnetonka Real Estate 2021, A Crazy Year in Review

January 26, 2022 by Tom Leave a Comment

Minnetonka Real Estate 2021, A Crazy Year in Review

2021 was  a wild and crazy year for Minnetonka real estate along with pretty much the entire Twin Cities area. I personally competed for my buyers on a number of homes in multiple offer situations with 12 or more offers on the table. We won quite a few but lost some as the prices other buyers were willing to offer just did not make sense. In one case, a $500,000 (list price) Minnetonka home Continue Reading

Contractors Hard to Find Amid Renovation Boom

December 20, 2021 by Tom Leave a Comment

Renovation boom drives demand for contractors

Following is an article written by Lauren Lawley, Head freelance writer with The Business Journals Content Studio. Below the article is a link to the full article on their website.   Renovation boom drives demand for contractors Most U.S. homeowners are ready for a change. Whether it’s turning a bathroom into a spa-like retreat or bringing a fresh look and smart appliances into Continue Reading

The Impact of Student Loan Debt

November 10, 2021 by Tom Leave a Comment

According to Forbes, there is about $1.7 Trillion dollars in student loan debt. Which is understandable why student debt is delaying consumers decisions to purchase a home and hampering their ability to save up for a down payment on a home. Since 2013, the National Association of REALTORS® (NAR) has collected primary research examining the effect student loan debt has on successful and Continue Reading

Corporate Buyers are Purchasing Twin Cities Homes

October 4, 2021 by Tom Leave a Comment

Corporate Buyers are Purchasing Twin Cities Homes

I am seeing more cash offers from corporations on my clients properties than anytime in the past. These corporations are directly competing with not only first time homebuyers but also move up buyers and even buyers of cabins and lake homes.  Residential real estate has been slowly transformed over the past few years by corporate buyers who turn single family homes into rental properties and Continue Reading

Cash Offers Are Blocking First-Time Buyers

August 12, 2021 by Tom Leave a Comment

Cash Offers Are Blocking First Time Home Buyers

I am seeing cash offers win a few bidding wars however that does not always need to be the case. Sure Cash is King as the saying goes however my sellers have accepted mortgage backed offers over cash and my buyers have won bidding wars for property with mortgaged offers. If there is a will, there is a way. Sorry, another old saying... Anyway, I would say corporate offers for property are Continue Reading

Minnetonka Real Estate – June Report

July 7, 2021 by Tom Leave a Comment

Last month we saw the Minnetonka real estate listing activity go way up and  now we can see the results of those new listings with a 29% increase in closings over the same period last year and a whopping 22% increase in the median sales price! Following is the June Minnetonka Local Market Update from the Board of Realtors.   Continue Reading

Minnetonka Real Estate Spring Market Stats

May 3, 2021 by Tom Leave a Comment

Spring has Sprung and new listings in this HOT Minnetonka real estate market are finally on the rise! The following Local Market Update from the Board of Realtors shows a 20% increase in homes hitting the market with a 23% increase of closed sales over the same period last year. The report also shows a 1.9% increase in sales price which I find hard to believe as I am seeing multiple offer Continue Reading

Lake Minnetonka Drone Photos

March 10, 2021 by Tom Leave a Comment

I hired Craig Anderson to take a few drone photos of Lake Minnetonka and the fall colors from high above the lake. His amazing work is below, but first, a little about the man. Meet Craig Anderson; Life saving Emergency Medical Services (EMS) Critical Care Paramedic by day, creative real estate photographer/drone pilot by night! (actually in his free time, when he's not saving lives or having Continue Reading

Mortgage Rates on the Rise!

February 27, 2021 by Tom Leave a Comment

Mortgage Rates on the Rise Chart

The 30-year fixed rate mortgage came off its recent all-time lows to average near 3% this week. The 10-year Treasury yield, which mortgage rates closely follow, hit its highest level in the past year, prompting the increase in rates. “As the economic recovery progresses, mortgage rates are expected to rise further in the upcoming months,” writes Nadia Evangelou, senior economist and director of Continue Reading

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Tom Nicklow

Minnetonka Realty has been proudly serving the Minnetonka Real Estate market for more than 28 years with Tom Nicklow serving as the Broker/Owner over the past 12. Tom incorporates his 30+ years of full time real estate sales experience along with his unique tech savvy marketing approach into a Win-Win situation for all of his clients. If you have an interest in Buying or Selling Minnetonka Real Estate, put Tom’s experience to work for you!

Meet Tom

Minnetonka Realty, Inc.

16301 Kensington Court
Minnetonka, MN 55345

(952) 938-9290 Office
(612) 590-7167 Cell
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Graduate Realtors Institute Degree

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