Duluth Real Estate News

Free Bus Rides in Duluth on New Year's EveIt almost seems hard to believe but the end of 2016 has arrived and all the fun-filled festivities that take place every single New Year’s Eve in Duluth are finally upon us. Looking back at the year that was, 2016 was a very healthy year for the Duluth real estate market, as recent housing statistics show the median sales price around the Duluth area kicked up to $161,000, and the median rent price inched its way up to $1,365. 

In terms of what to expect from the housing market next year, most industry experts are projecting continued growth in terms of sales and home prices, although at somewhat of a slower pace than what we saw in 2016. But before we look too far ahead into 2017, we still have a festive weekend ahead of us, which is why The Duluth

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Sell Your Duluth House in the WinterAlthough you frequently hear chatter about how slow the Duluth real estate market becomes during the height of winter, savvy home buyers are often out in full force looking for a great deal on a new home or condo in hopes of finding a more motivated home seller. 

But just because the temperature drops and there happens to be snow on the ground, it’s still possible to get top dollar for your Duluth home, regardless of how much the market has calmed down. So while it’s true there may be fewer buyers out shopping for a new home during the winter months, following these simple steps will go a long way in making sure you ultimately get the price you want when it comes time to sell. 

Add extra lighting on the inside 

Just because it’s dark and dreary

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Duluth TourismAccording to a report released last week, 6.7 million people visited Duluth last year, resulting in a jaw-dropping $957 million impact on Duluth’s economy. The city hired Longwoods International to carry out the study, which is reported to have cost $20,000 to conduct. 

As noted by Visit Duluth CEO Anna Tanski, the primary reason for the research investment is to better understand how visitors to Duluth are spending money so future marketing and planning efforts can go directly into making the city an even hotter tourist destination moving forward. 

Key points in the study revealed the overall experience of visitors’ stay and the friendliness of its residents received the highest satisfaction rating for overnight visitors, which accounted for 2.3 of

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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, 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 from getting things done, which no doubt includes

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Duluth Brewery A new brewery is being planned for the old Timber Lodge Steakhouse in Duluth’s Canal Park neighborhood, according to recent reports. Being called Hoops Brewing, owners of the new brewery hope the spot will eventually become a destination spot where visitors can stop in to grab a quick beer while checking out other attractions in Canal Park and the rest of downtown Duluth.

Once built-out, Hoops Brewing will encompass about 9,000 square feet, which will include a small 250-seat taproom that will be housed inside the Timber Lodge Steakhouse space that was a downtown staple for decades.

According to local brewmaster Dave Hoops, Hoops Brewing will feature anywhere from 10 to 15 beers at a time, and instead of having an in-house restaurant, patrons will be

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Duluth Pool Homes For SaleWe know—the fall season is coming to a close and another cold and snowy Minnesota winter is right around the corner. But despite Minnesota’s reputation for having some pretty harsh winters, the summers here are equally as delightful as the winters are dreadful. And don’t forget, our state’s nickname is the “land of 10,000 lakes,” so it shouldn’t be of much surprise that we love being out on the water the second the warm weather settles in for the season. 

So with all that said, homes for sale with a swimming pool in Duluth aren’t terribly uncommon, and it’s usually one of those items on a wish list that home buyers either want, or don’t want. And if you’re a home buyer who happens to fall into the “wants a pool” category, now may just be the best time

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October Events in DuluthThanks to Duluth’s location on the shores of beautiful Lake Superior, the autumn season makes for a rather scenic and picturesque atmosphere all over town. And if you’re someone who already lives in or around the Duluth community, autumn is also the time of year where opportunities to get outside and enjoy the outdoors before the weather breaks start to become rather limited. So if you're wanting to get out and enjoy what little time we have left before the cold and snowy weather of the winter season, the month of October is packed with things to do in Duluth, from numerous events and festivals to haunted train rides all throughout the halloween season!

Sprout Film Festival- October 6

The Sprout Film Festival highlights one of the first festivals of

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Sell Your Duluth HomeOverall, it’s been a pretty good summer for the Duluth real estate market, especially if you’re either in the process of selling your home or are considering putting your home on the market sometime in the near future. Housing prices across Northeastern Minnesota hit record highs as the median sales price reached $171,000 back in July, only to drop slightly one month after to $165,000 in August.

Many local real estate professionals are calling this the best time to sell a home in Duluth since before the recession, and a lot of that logic is directly related to a dwindling inventory that’s being felt all over the region. 

Since August of 2015, the number of available homes on the market has sharply declined by 10%, and what homes are listed are now

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Duluth Real Estate NewsEven though the summer season is traditionally a slower time for the real estate market all over the country, it’s safe to say the summer of 2016 was significantly more competitive than just about any summer in recent memory. 

But now that August is coming to a close and the busy fall season is right around the corner, we thought now might be a good time to provide Duluth area home buyers and sellers with a quick market update. 

As of today, the median list price for a home in Duluth, MN is $175,000, which comes out to approximately $102 a square foot. Although still higher than much of what we saw in 2015, that’s still the lowest median list price for a home in Duluth since January of this year when it settled at $174,000. 

The median closing

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Tall Ships Duluth 2016Hundreds of thousands of onlookers are expected to flock to the city’s lakefront this week to get a glimpse of the the 9 tall ships that will be participating in this year’s Parade of Sail. As part of the Tall Ships Duluth festival, this spectacular and highly-coordinated event is one of the more unique happenings that will take place in Duluth in 2016, and it’s something that most of us have been looking forward to all summer. 

Being dubbed the “Greatest Spectacle on Lake Superior,” Tall Ships Duluth 2016 is projected to be the largest event in the Duluth area’s history and will give festival-goers a rare and unique look at some of the grandest ships you’ll ever see. Throughout the duration of the festival, tours of each ship all be available, as well

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