Duluth Real Estate News

Duluth Commercial Real Estate With the holiday season about to kick into overdrive, the residential real estate market in Duluth traditionally slows down a bit until after the new year, and usually until sometime after the Super Bowl. But as home buyers take a break from the daunting task of trying to find a new home in Duluth, the commercial real estate market often stays pretty active through the winter season, and this year appears to be no different.  

Believe it or not, buying either a home or a commercial property towards the end of the year can have many advantages including better rates on investment property loans, as long as you don’t mind getting out and fighting the cold. But for the most part, a little snow and those chilly sub-zero temperatures rarely keep Minnesotans

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It may not necessarily feel like it now, but spring is almost here, and the month of March is packed with things to do in Duluth. From live productions to plenty of shopping and even a good brew, it’s all happening in Duluth this March.

Duluth Women’s Expo- March 3

The start of the month brings the Duluth Women’s Expo to town, with an expected 100+ exhibitors making their way to the convention center. Participants will be treated to everything from shopping and seminars to an array of entertainment.

Bock Fest- March 15-17

Mid-month brings about an entire weekend of entertainment at Bock Fest. Grab some brew for a true German celebration of the spring season at Fitger’s Courtyard.

Swan Lake- March 23-25

Finally, royalty comes alive on

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The Duluth area housing market is off to a somewhat of a sluggish start in early 2018, according to new stats released by the The Lake Superior REALTORS®. Compared to January 2017, actual closed sales dropped by over 19 percent last month, and pending sales have also dropped by roughly 26 percent.

Available inventory is also down compared to last year around this time, falling by just over 9 percent year-over-year.

Not surprisingly, home prices throughout the Duluth area continue to be on the rise as inventory keeps dropping. The median sales price increased slightly from $145,000 in January 2017 to $149,375, while the average sales price jumped at an even higher rate from $165,473 last year to $173,885 this year.

The good news for home sellers in Duluth,

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Things to do in Duluth this February From cross country skiing to moonlight skating, you’ll find plenty of events and things to do in Duluth in the coming weeks.

Cold Front Celebration- February 2-4

Canal Park

The Cold Front Celebration leads off the month of February, with winter-themed activities for visitors of all ages. From the ice track and curling to Snow Play Hill and the fire pits, the kick-off weekend also features a free night at the Children’s Museum and moonlight skating on Tischer Creek.

Candlelight Ski, Skate and Snowshoe- February 10

Hartley Nature Center

Mid-month brings about the annual Candlelight Ski, Skate and Snowshoe event at Hartley Nature Center. This is the 12th year for the event, with a luminary cross country ski trail, ice skating on Hartley Pond and

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<pBuying a Condo in Duluth MN The new year is shaping up to be a hot year for real estate, and some of the hottest places to buy a condo in Duluth enjoy waterfront settings.

26 E. Superior

One such location is 26 E Superior. With outstanding views of the waterfront, Wieland Block presents one- and two-bedroom options. In addition, the property boasts a rooftop patio and a garden courtyard, along with gas fireplaces in the homes.

2100 Water Street

Even more options exist within 2100 Water Street. The property boasts spacious townhouses, right on the lake. In addition, the development also offers an indoor swimming pool, private decks, garage parking and a workout room.

6030 E. Superior

Finally, you won’t want to miss the property of 6030 E Superior. The multi-unit

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Duluth Holiday Events 2017The weather may be cooling off, but the holiday season is certainly heating up in Duluth, MN. In fact, there are a number of seasonal events planned over the coming weeks.

Christmas City Express- November 24-December 17

Now is the time to make plans to hop aboard the Christmas City Express Train. The magical experience takes riders of all ages from Fitgers to the Duluth Depot from late November through mid December.

Duluth Winter Village- December 2-3

The first weekend of the month is the time to experience the Duluth Winter Village. The event features dozens of local businesses, offering up the chance to complete your holiday shopping in just one place: the grounds of the Glensheen estate.

The Nutcracker- December 8-10

The Minnesota

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Winter Home Selling TipsThe winter season is traditionally for enjoying spending time with friends and family, but it can also be a great time to sell a home. Some simple winter home seller tips can help, however, in ensuring that Old Man Winter doesn’t put a damper on your plans.

Make a clear path

If you want to get a buyer you need to make sure people can reach your home, and that means a clear path to your front door. Clean up the front walkway and porch by sweeping up lingering leaves from the fall season, and make sure your walkway is shoveled and tidy in case it snows.

Warm things up

It’s always a good idea to present a cozy home, but it’s especially important during the cooler months of the year. Have a fire going in your fireplace and think about leaving a

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Duluth Homes For Sale on Nighthawk LaneWith breathtaking views of Lake Superior, Duluth offers some of the most spectacular natural scenery, with an overall lakefront setting that’s hard to match. Prospective homebuyers in the Duluth area are sure to find some of the best options in new construction homes along Nighthawk Lane.

Some of the homes of this area enjoy the luxury of new construction designs, many offering large open floor plans of two- to four-bedrooms and up to three baths, many with upwards of 2,000 square feet of living space. The newer homes offer some high-end features too, such as stainless steel appliances, hardwood flooring, and quartz countertops. They also include walk-in closets, abundant built-ins and in some cases, the option of choosing some of the finishes.

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Duluth Real Estate Market: August 2017After checking in on the monthly report from the Duluth Area Association of REALTORS, it appears the local housing market saw a little bit of a slowdown during the month of August. Right off the top, closed sales in Duluth and the surrounding area dropped 8.7% compared to the same month last year, even despite the median sales price minimally increasing by just 0.5%. 

Perhaps part of the reason for the drop off, however, is that supply throughout the DAAR’s coverage area continues to drop, this time falling 10.2% from August 2016 to August 2017. Furthermore, the number of new listings brought to market also didn’t reach last year’s volume either, as 469 new listings came online in August 2016 and just 417 new listings were added to the market last

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Duluth Home Prices As the summer season pushes forward, it’s been more of the same for Duluth area home buyers, which means home prices are still on the rise, and inventory continues to be limited.

According to new data from the Duluth Area Association of Realtors, the median sales price in June jumped 10% compared to last year to $174,5000.

Making matters worse, the number of homes listed on the market also dropped by 9% last month compared to last year’s inventory, which was already considered low at the time.

Part of the housing market issues we’re facing in Duluth right now lately relate to how quickly homes are selling, which believe it or not is scaring off some would-be sellers from listing due to the fear of their home selling before they’re able to find a

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