Rochester, MN Real Estate News

Found 14 blog entries about Rochester, MN Real Estate News .

Somerby Homes For Sale in Byron MNA premiere and elite golf course community, Byron’s new Somerby community offers the choice of ten different and unique neighborhoods. This affords the opportunity to choose from everything from a townhome to twin home, villa, or even a single-family home, all within one exceptional area.

Right now, single-family home sites are available overlooking the golf course, making it easy for buyers to head out on the greens or to the nearby clubhouse. As well, you’ll also find homes near a private community park, and others with walkout lots right off the course. Yet additional options include larger estate homes or even villas, ideal for those in search of a maintenance-free lifestyle.

Along with the beautiful home sites and golf course, Somerby also boasts

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Rochester MN Real Estate With the month of July now in the books, the Southeast Minnesota Realtors recently released the latest housing data from last month, which as you might expect, was more of the same of what we’ve been seeing for most of 2017, and even in 2016  for that matter.

Once again, the median home sales price in the Rochester area increased slightly year-over-year last July, this time jumping by 2.2%. In addition, inventory also took a major hit compared to this time last year, falling 22.1% to just 1,406 units.

The steady decline of existing homes on the Rochester real estate market continues to be the driving force behind increased home prices, but buyers still seem to be responding. As noted in SEMR’s monthly report, many communities in Rochester are still seeing

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Rochester City Grass Ordinance Lawn care and maintenance is part of the deal when owning a home in Rochester; or just about anywhere for that matter. But starting this summer, failing to adequately keep up with cutting the grass or keeping weeds under control could hit you direct in the pocket book. 

Just added to the list of city ordinances is an administrative fine that can (and will) be imposed on Rochester, MN home owners for out-of-control grass or weeds on a property. 

So just what does “out-of-control” mean, you ask? Well, according to the Department of Agriculture, grass or weeds on the department’s eradicate list that measure 12 inches or more will result in a fine of $60 to start with, and turn into an additional $90 for a second violation and $120 for each violation

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Rochester MN Named Best Place to Live in 2017Those of us who already call the quaint community of Rochester home are certainly well aware of how special of a place it can be for a variety of reasons. The local economy is booming, the collection of cultural and other area amenities continues to expand, and tourism is also on the rise here in the Rochester area as well. 

But while Rochester locals may be a little biased when it comes to how livable a place like Rochester, Minnesota can be at times, others across the country are also starting to take notice. Just recently, livability.com unveiled their list of 2017’s top 100 places to live, and believe it or not, Rochester was honored with this year’s top spot. 

As mentioned on the website, livability.com looked at more than 2,000 cities with a

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With Minnesota having such drastic seasonal changes from a weather standpoint, a common question we get as expert home sellers is when is the best time to sell a Rochester home. 

While all sorts of different variables go into selling a home, it is true that more homes tend to sell during the spring and summer than any other time of year. But for some insight as to why that might be the case specifically in Rochester, let’s take a closer look at some of the obvious factors: 

Cold, snowy weather isn’t ideal for viewing homes 

In a nutshell, going out and previewing homes when there’s snow on the ground and temperatures are well below zero isn’t anybody’s idea of fun. And when you also factor in people’s busy school and work schedules during the

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With a population of only around 5,000 people, potential home buyers shouldn’t expect an overwhelming inventory of options on the Byron, MN real estate market

But as a thriving small town that’s only minutes from the hustle-and-bustle surrounding Downtown Rochester, you might also find buyers are presented with more opportunities to buy here than most other small towns of equal size. 

Around the time of this post, just over 30 residential properties were currently listed on the Byron market, with nearly all of those listings being either attached townhouse-style residences or fully detached single-family homes. But as you might also notice, a very high concentration of active residential listings in Byron right now are also newer construction

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Discovery Square Downtown RochesterTwo major mixed-use projects are under review for downtown Rochester—the first being a 156-unit apartment building to be developed on First Avenue in the heart of the city; and the second being an even larger project that would include a 200-room hotel and a 120-unit apartment building that would be located at near the intersection of West Center and First Avenue NW. If approved, the hotel-apartment project would also include 14,000 square feet of retail space and an additional parking facility to accommodate residents, hotel guests, and shoppers. 

Each of the preliminary plans would no doubt complement the May Clinic’s spectacular new Destination Medical Center development, which is a 20-year, $6 billion project that aims to redefine Rochester as

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Luxury Homes iN Rochester MNConsistently ranked as one of the best places to live in the entire U.S., it’s no wonder why luxury homes occupy a fairly sizable portion of Rochester’s very active real estate market. 

Unlike in larger cities like nearby Minneapolis or St. Paul, however, you won’t find many luxury condos and townhouses in Rochester, but rather a stunning assortment of upscale single-family homes with more living space than you'll know what to do with. 

Recent population statistics have well over 112,000 people currently calling the city of Rochester home, so despite only being considered a medium-sized town, there’s still plenty of community amenities and attractions to enjoy once calling the Rochester area home; and if you’re fortunate enough to also be in the

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Downtown Rochester Real EstateA prime piece of real estate in downtown Rochester sold earlier this week, which is raising the eyebrows of many around the local real estate industry. According to reports, the former Michael’s restaurant site at the corner of South Broadway and Center Street was acquired by Harbor Bay Real Estate Advisors of Illinois for $5.5 million—a price that Olmsted County is estimating to be nearly five times that market value for the property, which includes 11, 13, 15, and 17 Broadway Avenue. 

Harbor Bay purchased the property from 15 South Broadway LLC, which is a group that only purchased the property themselves back in January 2015. Initially, 15 South Broadway LLC, which is being called a joint venture between the Chafoulias and Pappas families, was

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Land For Sale in Rochester MN In case you haven't noticed, vacant land and undeveloped lots are plentiful right now on the Rochester real estate market. For some local home buyers, building a new home is the ultimate goal when shopping for a new place to live, but before you begin your quest to find the perfect location to start digging, there are a few things you might want to consider before pulling the trigger one an available piece of property. Here’s a look at only some of them…

Builder Restrictions

If you’re considering a lot in a subdivision or neighborhood that’s already being developed, there may be restrictions on who can build on the lot. There may be an agreement between the land developer and a few select builders, or the home builder may own all of the remaining

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