Duluth Real Estate News

Found 20 blog entries about Duluth Real Estate News .

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 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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Duluth Real Estate Market The month of May was no doubt a strong month for the Duluth housing market, but with pending sales down nearly 32% year-over-year, June was starting to shape up to be a bit slower than expected in terms of total closed sales. 

But with the Duluth Area Association of REALTORS® recently releasing last month’s final statistics, June also maintained the area’s upward trend, especially when it came to home prices. 

Compared to June of last year, closed sales were up 2.3%, going from 388 sales in 2016 to 397 sales this year, which also represents the highest sales volume of any month this year by far. And to prove it, here are the yearly closed sales month-by-month: 

  • January 2017 - 151 Closed Home Sales
  • February 2017 - 136 Closed Home Sales
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New reports have surfaced that detail plans for a possible new townhouse development that’s likely coming a site near the edge of Lake Vermilion in nearby Tower.

What’s being described as a sustainable development, construction could start as early as this year for the 20 new townhouse residences, which according to developers will be all about “sustainability and resiliency in managing resources in the environment.”

As mentioned by the Duluth News Tribune, land surrounding Lake Vermilion is prime for redevelopment right now, especially with the new Highway 169 bridge being added, which will allow for traffic to flow through the area much, much smoother. And as for the townhouse residences themselves, look for units in the dynamic new waterfront

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As we made our way through one of the busiest times of the year for the Duluth housing market, both closed sales and the median sales price jumped by nearly 4% during the month of May, while inventory continued to dwindle. 

According to numbers from the Duluth Area Association of REALTORS® (DAAR), the number of closed sales back in May officially jumped 3.8% compared to May of 2016, while the median sales price increased by 3.5% from $159,450 in 2016 to $165,000 in 2017. 

Typical for the busy spring market, homes were also selling quite quickly back in May, and the average number of days between when a property was listed and when it was sold actually dropped significantly year-over-year, falling 25% from 84 days to just 63 days. 

Despite a

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Kenwood Village Duluth One of Duluth’s highest profile new developments has officially made its debut, adding to the already vibrant and desirable atmosphere that surrounds the city’s rapidly evolving Kenwood neighborhood. 

Dubbed Kenwood Village, the new project is a stunning mixed-use development that features 83 upscale apartment residences and 14,500 square feet of commercial space that will no doubt add to the growing list of community amenities for local residents and home owners to enjoy and take advantage of when calling this highly attractive location in Duluth home. 

As noted in a recent update in the Duluth News Tribune, around 28 apartments have already been rented inside Kenwood Village and only one commercial space remains available as of the end of this

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Vacant Lots For Sale in Hawk RidgeNew construction inventory has been one of the few challenges facing many larger markets across the country in recent months, and even here in the Duluth area to some extent. With mortgage rates still low and job growth all over on the rise, both home sales and home prices continue to rise in the early beginning of 2017, making it harder for some buyers to find and secure a new place to live. 

If you’re specifically looking for a new construction home and aren’t finding something that fits your needs and wants that is already built, one alternative is purchasing a vacant lot and building your dream home from the ground up. 

Like existing new construction homes themselves, finding a vacant home site in a location you want can also be a somewhat

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Plans for a new $10 million housing development in Duluth’s Smithville neighborhood were released this week, which according to repots will include both apartment and a number of affordable townhouse residences as well. 

Being called Grand Avenue Estates, the project features two individual apartment buildings, as well as 9 detached townhouse-style residences that should live more like a single-family home than anything.

Each of the new 67 apartments will be market-rate rental units, which is significant given how active development has been around this part of Duluth. Also noted by the Duluth News Tribune was that the The Department of Employment and Economic Development dished out $654,000 for an unexpected contamination clean-up effort in order

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Duluth 5 Bedroom Homes For SaleIt takes a special kind of home buyer who wants or needs a five-bedroom home. First of all, most houses with five or more bedrooms often come at a premium, either because there aren’t that many available on the Duluth real estate market or because most fall into the luxury category, which means the home is not only equipped with a ton of extra living space but also plenty of other upscale finishes and features as well. 

While five-bedroom homes are sometimes essential for large families, all that extra space also provides flexibility in a home and can be used for a variety of different purposes. If you work from home, setting up a functional home office or work space might be one direction to take; or if you’re someone who frequently hosts friends and

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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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