Challenge: Why Haven't These Two Rochester Homes Sold?

Why Are These 2 Rochester, Minnesota Pill Hill Homes Still On the Market?

Canva/Real Estate links in story.

Two homes, two very different looks, both in close proximity to the other (.2 miles or about a 1-minute walk) here in the Med City and they've been on the market a minute now.

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Why Do You Think They Haven't Sold?

Is it curb appeal? Neither one is unattractive, but neither are they popping off the street with a look that screams, "YES! ME!"
The interiors are much fancier in the Blue House vs the White House (the kitchen looks fancier, with more room), but the White House has that awesome back yard, three-season porch space.
Or, maybe, those things are what you and I notice, but really don't play as much of a role as we think.

Did You Know the Minnesota Gophers Invented Cheerleading?

What Do the Professionals Say?

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According to the September 2022 Southeast Minnesota Realtors® (SEMR) Market Focus Report, New listings are down, and sales are down, but inventory and prices are up. And affordability issues are definitely playing a part,

Affordability challenges have priced many buyers out of the market this year, and buyers who do succeed in purchasing a home are finding that the costs of homeownership have increased significantly, with monthly mortgage payments more than 55% higher than a year ago, according to the National Association of REALTORS®.
Inventory remains lower than normal, and as the market continues to shift, experts project homes will begin to spend more days on market and price growth will slow in the months ahead." Continue Reading the Sept 2022 Rochester Real Estate Market Report)

Let's take a look at those homes again...

Pill Hill Starter Home Has Best Sledding Hill in Town in Its Back Yard

Why did I call this a Pill Hill Starter Home? Because the asking price is less than $500,000. In that neighborhood, that's a starter home..

Location, location, location...this 5 bed/3 bath home is located in the famed "Pill Hill" district just minutes away from Hwy 52 and the downtown area.

This charming home comes with a second parcel that borders up to the Mayo Clinic/St Mary's Campus.
With a three-tiered backyard, one could add a large firepit, a swimming pool, or a nice storage shed.
With distinct beauty, this home could be used as an Airbnb, a rental or just as a large single-family home!
There is so much potential with this home...as the sky is the limit.

Presented by: Richard (Rick) Tonjum

Brokered by: Edina Realty, Inc. - Faribault

Link to listing HERE and just click any photo.

Water Lovers Dream for Sale at $799,900 in Oronoco, Minnesota

This almost $800,000 home for sale is the perfect home for a true Minnesotan. This 6 bedroom, 3.5 bath 2-story home was built in 2015 at 970 Woodlands Ln NE in Oronoco, Minnesota and sits on just over an acre of land.

The reason why this scream "Minnesota" is because of where this home is located. The cul-de-sac is perfect in the front of the house and in the back, it is an outdoor wonderland. A pool with a basketball, hot tub, fire pit, and trails that lead to a path and a river where you can go kayaking.

See the full listing by Heidi Novak of Re/Max Results here.

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It's past November 1st, and the winter parking rules are in effect!

Parking rules in Rochester, Minnesota that you probably don't know

If you've ever received one of those little slips of paper on your windshield, you've experienced the terror or the parking police in Rochester, Minnesota. I know they are just doing their job but sometimes, it is hard to know when and where you can park in this town. To save yourself a few bucks, check out the parking rules in Rochester, Minnesota that are posted on the City of Rochester website that you may or may not know about.

As always, if you have a comment, complaint, or concern about something I wrote here, please let me know: james.rabe@townsquaremedia.com