Issuu

SEPTEMBER 2020

A Fashionable Fall

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LIFESTYLE LETTER

SEPTEMBER 2020 PUBLISHER

Alexandra Patty | alexandra.patty@lifestylepubs.com EDITORIAL COORDINATOR

Kassi Miranowski | kassi.miranowski@lifestylepubs.com

Fashionably Fun I CAN’T BELIEVE IT’S THE START OF FALL ALREADY! When July 4th comes

AD DESIGNER

Miranda Williams LAYOUT DESIGNER

Emily Lisenbee

and goes, it seems like time just accelerates. Now, we will be hanging on to the last

CONTRIBUTING WRITERS

warm days and transitioning into our colder seasons. Our September issue pays

Susan Baldani, Kassi Miranowski, Alexandra Patty

homage to fashion which has fallen a bit short for 2020 with many working from home in yoga pants and pajamas. Most of the Fashion Week MN festivities and events were cancelled this past spring, and as I write this letter – fall events are still

CONTRIBUTING PHOTOGRAPHERS

Natalie Dillor, Michelle Horan, Spencer Johnson, Carleen Olson, Leslie Plesser, Sophia Primozich, Ashley Walton

undetermined. I do hope we will get to celebrate a few, even if it is virtually. You can follow fashionweekmn.com for updates, but in the meantime we covered a few unique and local places for fun. Minneapolis Lakes met with Lisa Banwell of Queenie & Pearl as they celebrate their second anniversary. Lisa has taken her lifelong passion for fashion and channeled it into so much more by providing space to shop, create and support unique makers. Their team is equipped to help you rock what makes you feel happy and confident. Serge + Jane, a new addition to the expanding 44th and France area carries men’s and women’s apparel, accessories, home goods and gifts; soon to be

CORPORATE TEAM CHIEF EXECUTIVE OFFICER Steven Schowengerdt CHIEF SALES OFFICER Matthew Perry CHIEF FINANCIAL OFFICER DeLand Shore

expanding into kids and pets. Sota Clothing Co, started by Spencer Johnson as a

ART DIRECTOR Sara Minor

college project is now thriving and providing Minnesotans with great ways to sport

OPERATIONS DIRECTOR Janeane Thompson

their home state pride. Owl Optical, known for its variety of fashionable eyewear provides some of the hottest trends for anytime of the year.

AD MANAGER Chad Jensen REGIONAL SALES DIRECTOR Eric Williams WEB APPLICATIONS Michael O’Connell

Alexandra Patty, Publisher 514 W 26TH ST., KANSAS CITY, MO

ON THE COVER Nirvana Selena Boodhoo

PHOTOGRAPHY BY SOPHIA PRIMOZICH 4

Minneapolis Lakes | September 2020

CityLifestyle.com/MinneapolisLakes

Proverbs 3:5-6 Minneapolis Lakes™ is published monthly by Lifestyle Publications LLC. It is distributed via the US Postal Service to some of the Minneapolis Lakes areas’ most affluent neighborhoods. Articles and advertisements do not necessarily reflect Lifestyle Publications’ opinions. No portion of this magazine may be reproduced in any form without written consent. Lifestyle Publications does not assume responsibility for statements made by advertisers or editorial contributors. Information in Minneapolis Lakes™ is gathered from sources considered to be reliable, but the accuracy of all information cannot be guaranteed.

INSIDE THE ISSUE SEPTEMBER 2020

FEATURES 20 A New Look for a Neighborhood Practice Quality care for the entire family

26 Shop, Rock, Chat, or Create Queenie & Pearl Turns Two

30 Moving in the Right Direction Don't Put Off Your Dream of Owning a New Home

26 30

34 A Fashionable Face Owl Optical's Hottest Trends

34 DEPARTMENTS 4

Lifestyle Letter

Around Town

Locally Owned

20 Renovate & Refine 26 Trend Setter 30 Financial Buzz 34 Localâ€™s Choice

CA LL TODAY FOR A FR EE ESTIM ATE Interior Painting | Exterior Painting | General Remodeling

651.207.3055 | kgcontractingmn.com CityLifestyle.com/MinneapolisLakes

AROUND TOWN

NOW OPEN

EXCEPTIONAL SENIOR LIVING WITH SERVICES

FOXWELL STUDIO + SHOPPE Dress up your house and make it a home with unique goods from Foxwell on France Avenue in Edina. Foxwell has beautiful home goods including pillows, throws, tableware & accessories.

Resident safety and health is our first priority. If you or a loved one is in need of more personal care and support, consider a move to Global Pointe - a brand new, boutique-style community with an exceptional care team. Plus, you can enjoy your first month free if you move in within the next 60 days!

They are also a design shoppe with experienced interior designers on their staff to help you create the perfect dream space. Foxwell also offers kids toys, party goods & unique gifts for the designminded! Their online store is coming soon at www.foxwell.com. Follow them out on Instagram @foxwellshoppe.

Call for more information on pricing, amenities and care levels: 763-278-8000

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ENJOY LIFE JUST A LITTLE BIT MORE. 5200 Wayzata Blvd. Golden Valley, MN 55416 763.278.8000 | GlobalPointeSeniorLiving.com MANAGED BY

Minneapolis Lakes | September 2020

THE VIRTUALIST The Virtualist was born during a time of change. At the start of the pandemic, Ashley Kilcher and Grant Whitaker wanted to give back to the community, and they saw a need for an upscale online CONTINUED >

CityLifestyle.com/MinneapolisLakes

AROUND TOWN consultation service. The Virtualist allows shoppers and store owners to explore the latest styles from the comfort of home; supporting them free of charge. Ashley and Grant work closely with clients to assess their needs and enhance their virtual presence, allowing them to create a VIP experience. Find more at www.thevirtualistco.com

RELAX. PLAY. BE HAPPY.

KATIE BASSETT INTERIORS INTERIOR DESIGN | NEW CONSTRUCTION VACATION HOMES | RENOVATION INTERNATIONAL MARKET SQUARE – SUITE 525 | MINNEAPOLIS TELEPHONE: 612-385-1456 | KATIEBASSETT.STUDIO

MEET KG CONTRACTING KG contracting is a general construction and painting company serving clients throughout Minnesota. Our professionals specialize in interior

Cøølly Copenhagen If you find beauty in simplicity, your glasses soulmate has arrived! Discover our new line of fine Danish design from Ørgreen.

and exterior painting, elastomeric roof coating, staining, framing and roof repairs. Our priority is meeting our clients’ needs, while emphasizing quality, on-time performance and complete satisfaction. Whether we’re painting the interior of your home or staining your deck, we are your solution. KG Contracting provides free estimates and competitive pricing. If you’re interested in getting a bid for your home or project, please visit our website kgcontractingmn.com.

MINNESOTANS UNITE Minnesotans Unite is a local organization founded with the goal to connect small businesses and the community. By banding together and supporting one another, businesses can join in and help to promote shopping small and local in Minnesota and beyond. For a list of participating businesses and more information, please visit www.minnesotansunite.com or email hello@ Eye exams available 612-367-4106 4318 Upton Ave S, MPLS owloptical.com

Minneapolis Lakes | September 2020

minnesotansunite.com to connect with the team.

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Minneapolis Lakes | September 2020

A Social Engine for Good. sunrisebanks.com Member FDIC

LOCALLY OWNED

must stop SHOPS SUPPORT YOUR LOCAL SHOPS AND FIND UNIQUE FASHION, GIFTS, AND MUCH MORE. ARTICLE KASSI MIRANOWSKI

Photography by Spencer Johnson

Sota Clo thing Co Spencer Johnson sketched his initial designs for sota clothing as part of a class project at the University of Minnesota Duluth. While the objective was to create a fictional brand, Spencer took it as an opportunity to create clean, finely designed Minnesota apparel he felt was lacking for our state. After creating the logo and graphics and receiving a great deal of support from his classmates, he decided to press on and make sota clothing a reality. While Spencer is an avid travel enthusiast, his passion for his home state of Minnesota continually grows and it always brings him back to her shores. He draws his inspiration from the Northland where he studied, and from the trailblazers who’ve gone before him in their own creative pursuits. Since its initial debut in 2011, sota clothing has picked up considerable steam. Countless Minnesotans have embraced his designs as a wearable way to express their home state pride. In 2018, sota clothing opened up their first retail store in St. Louis Park within the historic Walker Building. Between their Minnesota-inspired apparel and merchandise from other local artists, they’ve become a one-stop shop for local gift-givers. Stop by today at their shop in St. Louis Park at 6518 Walker Street or shop online at www.sotaclothing.com and follow them on Instagram @sota_clothing. CONTINUED >

Minneapolis Lakes | September 2020

Photography by Spencer Johnson

Photography by Natalie Dillon

CityLifestyle.com/MinneapolisLakes

LOCALLY OWNED (CONTINUED)

PHOTOGRAPHY BY MICHELLE HORAN PHOTOGRAPHY Serge + Jane is a lifestyle store featuring Men’s + Women’s apparel, accessories, home goods + gifts. They also plan to expand to Pets + Kids soon! The inspirations for the shop name + space are Serge Gainsborough + Jane Birkin. Serge was a famous French Pop Musician and Jane, a model, singer and actress, also well-known for being the muse for the Hermès Birkin bag. The shop combines his passion for music and her love of fashion... and the rebellious, fun mischief + magic they created together! The vibe at Serge + Jane is heavily influenced by So Cal fashion and lifestyle. They carry lines that are effortlessly chic and laid back, yet playful + unique. In addition to apparel, they also carry new + used vinyl records and record players. A highlight of the shop is a rotating record wall visible when you first walk in. The used vinyl record wall is rotated frequently so there is always something new to discover. Serge + Jane feels strongly about supporting and highlighting local makers and brands. They carry an assortment of local food items such as nuts, savory sauces + dips and meatball mix, as well as jewelry, candles, bath bombs, room sprays and apparel! Some of their most popular local items are the North Coast Soul MN Nice AF + Cold AF sweatshirts and tees! Serge + Jane has previously hosted local maker Holiday Markets, Pet Photos with Santa, Pop Up Shopping Events and Art Shows and look forward to getting back to events where they can have community gatherings again soon. Come check them out in store at 4532 France Ave South in Edina and near the Linden Hills area. Or, shop online at www.sergeandjane.com and on FB + Instagram @sergeandjaneshop.

Minneapolis Lakes | September 2020

Serge + Jane

GEAR • GROOMING • TREATS • TOYS • GIFTS

Located in Linden Hills Professional grooming services and active outdoor dog gear for your “copilot” in all your shared adventures.

copilotdogoutfitters.com

4280 Sheridan Ave S, Minneapolis • 612-353-4045

CityLifestyle.com/MinneapolisLakes

Count on our experience to simplify yours… STEVE HAVIG GARY BENNETT MIKE OLAFSON

612.867.5624 612.229.6972 612.229.5910

steve@lakesarearealty.com gary@lakesarearealty.com mikeo@lakesarearealty.com

ACTIVE

SOLD IN 1 DAY!

2838 KENWOOD ISLES DRIVE, MINNEAPOLIS

2726A HUMBOLDT AVE S MINNEAPOLIS

Sought-after end unit! Main level open floor plan Vaulted ceilings 2-car garage Walk to Lake of the Isles, groceries, coffee shops, restaurants and more

Rare opportunity! Elegant, sunny East Isles Citihome Beautiful kitchen 2-car tandem garage Walk to lakes, paths, shops & restaurants

2BR/2BA | 1,300 SF

2BR/3BA | 1,557 SF

$349,000

FULL ASKING PRICE $495,000

HEATHER LEPPER, Realtor® 612.801.9055 heather@vinehillpartners.com

BECCA McSHANE, Realtor® 612.364.2429 becca@lakesarearealty.com

ACTIVE

19875 COTTAGEWOOD AVENUE, DEEPHAVEN

1585 OAKPOINTE DRIVE, WACONIA

59’ SE facing Lakeshore on Carson’s Bay in highly desired Cottagewood neighborhood. Minnetonka schools/Deephaven ES. Exclusive opportunity to build with Vine Hill Partners.

Stunning Kaeding/Sondergard home with wood & wetland views! Open floorplan concept with upgraded finishes throughout. Fully finished lower level family room with wet bar.

5BR/5BA | $3,500,000 | 5,628 SF

4BR/4BA | $695,900 | 4,991 SF

Calhoun Isles

Bryn Mawr

South Uptown Cedar-Isles-Dean

East Calhoun (ECCO)

East Isles Kenwood

Lowry Hill

Lowry Hill East West Calhoun

Southwest

Armatage

East Harriet Fulton Kenny King Field

Linden Hills

Lynnhurst Tangletown Windom

Closed Sales

Homes for Sale

Avg. Sales Price (000s)

% Chg

Avg. Days on Market

Avg. Price per Sq. Ft.

13 2 3 1 1 1 4 1 -

38 3 1 8 3 9 3 11 -

$841 $638 $848 $783 $944 $865 $1,022 $620 -

+32.8% +22.7% +21.8% +25.2% +8.3% +57.2% -

43 28 16 89 110 62 28 -

$224 $193 $257 $263 $263 $235 $179 $229 -

40 4 1 5 2 9 17 2 -

74 5 4 13 2 2 27 17 4 -

$832 $639 $2,725 $683 $559 $1,014 $757 $833 -

+17.9% -1.5% +434.3% +1.7% +0.2% +20.0% -1.0% +36.9% -

52 21 620 14 91 14 55 8 -

$280 $266 $458 $291 $194 $328 $261 $245 -

For more information contact: Steve Havig | 612.867.5624 | steve@mplslakes.com Zip codes included: 55403, 55405, 55408, 55409, 55410, 55416, 55419 All data obtained from Northstar MLS. Data is deemed reliable but not guaranteed. Data updated August 3, 2020

bremer.com LORI DONNELLY Mortgage Banker, Bremer Bank | NMLS 553375 651.312.3534 | lkdonnelly@bremer.com

lakesarearealty.com STEVE HAVIG CEO/President, CRS, GRI, Broker 612.867.5624 | steve@mplslakes.com

RENOVATE & REFINE

A New Look for a Neighborhood Practice ARTICLE SUSAN BALDANI PHOTOGRAPHY LESLIE PLESSER

QUALITY CARE FOR THE ENTIRE FAMILY LINDEN HILLS DENTISTRY HAS RECENTLY REMODELED AND EXPANDED THEIR PRACTICE. It now encompasses an additional floor, with five new treatment rooms (for a total of twelve), an additional reception room, an extra sterilization space, and another conference room. “Basically, we just needed more room to spread out,” says Dr. Kordie Reinhold, who joined the practice 32 years ago. Her expertise is in cosmetic dentistry.

Minneapolis Lakes | September 2020

CONTINUED >

NOW OPEN

Wash. Rinse. Repeat. > Fun, stress-free experience for dogs and owners.

> No appointment needed for DIY dog wash.

> Large, open floor plan allows for social distancing.

> Reservations requested for full service.

> All breeds, ages, and sizes welcome.

> Open Thursday - Sunday 10am-6pm.

Located next to our sister business Downtown Dogs 216 Colfax Avenue North | Minneapolis, MN 55405

612.255.3425 | dogsdaympls.com

CityLifestyle.com/MinneapolisLakes

RENOVATE & REFINE (CONTINUED)

Minneapolis Lakes | September 2020

Besides more space, the practice also added some new technology. One is Cone Beam CT 3D Imaging, which is extremely beneficial for implant placement and other endodontic services; another is improved airway devices. Linden Hills provides a wide range of services for people of all ages, including general dentistry, cosmetic services, Invisalign®, Botox®, and oral cancer screenings. At no additional charge, and for their utmost comfort, patients can request noise cancelling headphones, heated blankets, aromatherapy, and much more. “I think it’s important that the people who come here get a good experience,” says Dr. Peter Hinke, who joined Linden Hills Dentistry in 1995, and who provides comprehensive care as well as endodontics. “That’s what really matters to all of us. Having patients want to come back and having their friends and family come here as well.” In addition to Dr. Reinhold and Dr. Hinke, there are two associate dentists. Dr. Jane Puntillo, who is passionate about high quality, gentle care, and Dr. Matt Hawn, who joined this summer, and brings 10 years of experience in dentistry to the practice. “We’re thrilled to have him,” says Dr. Hinke. “He’s a great addition.” Linden Hills Dentistry also employs a number of hygienists, who make up their wellness team, and a first-rate office staff. “We work with the best staff,” says Dr. Reinhold. “Great hygienists and a great business staff who are very motivated and engaged. We have a really good culture; we enjoy each other a lot, support each other, and try to make the most of every day.” Adds Dr. Hinke, “It’s a very unique workplace and everyone looks forward to coming to work and serving our patients.” Dr. Reinhold stresses that they have a true commitment to service. They have done extensive training and are always striving to make the patient experience more enjoyable. “We spend a lot of time working on that and it’s part of who we are,” she says. “There are many people who find dentistry rather stressful and it’s really rewarding when patients are pleased with the way everything went.” CONTINUED >

CityLifestyle.com/MinneapolisLakes

RENOVATE & REFINE (CONTINUED)

Since they realize that the cost of dental care can be an issue, they try their best to keep prices down and accept most forms of insurance. They also pride themselves on standing behind their work and caring about the families that have been loyal to them for years. Dr. Reinhold says she has patients she saw as children who are now bringing in their own children. “The rewards [of dentistry] have been an amazing career, the people I get to encounter, and watching families grow and change,” she says. Linden Hills Dentistry is in a wonderful area, says Dr. Hinke, and is surrounded by beautiful lakes. Residents are very supportive of the small business district and are grateful for it. He goes on to say that Linden Hills is a very close-knit community. “We kind of put our stake in the ground by living here and working here; we live less than three blocks away from the office,” says Dr. Hinke. Hinke and Reinhold share more than a career in dentistry. Married for 30 years, their philosophy is to stay active when not in the office. They both work out at a gym and try to stay as fit and healthly as possible. “We both actively try to engage in physical fitness and diversifying that with as many things as we possibly can,” says Dr. Reinhold. “It’s been a big part of our lives, and we have three children who are now adults who are all equally healthy. As a family, when we were able to travel, it always included fitness.” The newly remodeled and expanded office is state of the art, clean, and updated. In order to keep everyone healthy and safe from COVID-19, they’ve implemented some new strategies. For example, they added air purifiers in every treatment room; these have the ability to turn the air over every six minutes. In addition, they’ve invested in new high-volume evacuation systems to limit or reduce the aerosols that can be created during dental procedures. All surfaces are wiped down between patients, and, of course, all Personal Protective Equipment (PPE) protocols are enforced and implemented in every way. “People can feel very comfortable and very safe coming here,” said Dr. Hinke. To find out more, go to https://www.lindenhillsdentistry.com/. 24

Minneapolis Lakes | September 2020

J ON E S - H A R R I S ON R E S I D E N C E . W E ’ R E I N YO U R N E I G H B O R H O O D ! Call 612.920.2030 today for a tour or more information.

A Place to Call Home

A Place to Thrive

A S S IS T E D L IVIN G • T R A N S IT IO N A L C A R E / R E H A B I L I TAT I O N L O N G T E R M C A R E • M E M O RY C A R E • W E L L N ESS

3700 Cedar Lake Ave, Minneapolis, MN 55416 P 612.920.2030

Jones-Harrison EST. 1888

www.Jones-Harrison.org

RESIDENCE

Maggie Sullivan Realtor

(612) 710-9295 maggie.sullivan@cbburnet.com

Homes are the center of our lives. Whether you are buying, selling, or both, I provide my clients with exceptional service, honest communication, and a passion for finding the right home.

I look forward to hearing from you! Real estate agents affiliated with Coldwell Banker Burnet are independent contractor sales associates, not employees. ©2019 Coldwell Banker Burnet All Rights Reserved. Coldwell Banker Burnet fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Owned by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC

CityLifestyle.com/MinneapolisLakes

TREND SETTER

QUEENIE & PEARL IS NOT YOUR AVERAGE FASHION BOUTIQUE. It is more of a slip back in time to an era of rock n’ roll, peace and love. Named partly after “Queenie”, who was a real-life Penny Lane and ‘band aid’ touring across the country with legendary music makers like Led Zeppelin, Rolling Stones, and David Bowie (think Cameron Crowe’s movie “Almost Famous”). The other half pays tribute to Janis Joplin and her second and final solo studio album “Pearl” released in 1971. Queenie & Pearl is known best for its unique makers and mix of vintage and new clothing, accessories, jewelry and gifts. All of the store items are personally researched and hand-picked by the owner herself, Lisa Banwell, with a focus on women makers and entrepreneurs. It has always been a value of the team and mission of the store to support other women with dreams. Whether it’s visiting

S H O P, R O C K , C H AT, & C R E AT E QUEENIE & PEARL TURNS TWO ARTICLE ALEXANDRA PATTY | PHOTOGRAPHY CARLEEN OLSON AND SOPHIA PRIMOZICH

Minneapolis Lakes | September 2020

CONTINUED >

CityLifestyle.com/MinneapolisLakes

TREND SETTER (CONTINUED)

Minneapolis Lakes | September 2020

fashion hubs like L.A. or New York for inspiration or road tripping

AP: WHAT ELEMENTS MAKE QUEENIE & PEARL STAND OUT?

to other vintage boutiques, Lisa has her finger on the pulse of retro

LB: The goal was to offer different brands from different mak-

vibes. Turning two years old this fall, Queenie & Pearl has a lot to

ers. There is a good mix of vintage and non-vintage items. Our

celebrate. In just a short time, they have expanded to the upper level

team wants to grow and expand our originals. We take vin-

to include more vintage racks, a robust record selection, and studio

tage clothing and make it better by upcycling or embellishing

space for creative endeavors and photo shoots. Sitting down with

pieces, making them one-of-a-kind items that are affordable

Lisa, it was fun to learn the background of how it all started.

for our customers.

AP: WHAT DREW YOU TO FASHION AND WHY DO YOU LOVE IT?

AP: ARE THERE ANY FASHION TRENDS YOU WOULD LIKE TO

LB: You could say it was an early adoption. I grew up with mostly

SEE MORE OF IN MINNESOTA?

boys, so I had to bribe everyone in the neighborhood to play dress-up

LB: I would like to see Minnesotans take more risks and have fun

with me. For me, fashion should be self-expression…like an art form

with their fashion. One example would be Bell Bottoms. You can

with no rules. I think getting dressed should be fun.

wear them for one day, it doesn’t have to be a lifestyle. Sometimes I will hear customers say “I am too old” for one particular thing or

AP: DO YOU REMEMBER YOUR FIRST FAVORITE OUTFIT?

another. I believe there is always room to rock something in your own

LB: It was a pink, spring dress and I had to have it. It was layers and layers

way. If you love it, it will look great!

of ruffly fluff with a satin bow. I remember my mom was gone and my dad let me wear it to Perkins. I was so happy, but my mom was really mad!

AP: ALONG THOSE SAME LINES, DO YOU HAVE ANY ADVICE FOR PEOPLE WHO AREN’T COMFORTABLE WITH STYLING?

AP: CAN YOU TELL READERS ABOUT YOUR FAVORITE PART

LB: Come on in! The Queenie & Pearl team is happy to help

OF THE STORE?

style you with different pieces and fresh looks. You can shop, play

LB: It’s great having two floors. It allowed us to expand our vintage offer-

dress-up, create, and be free.

ings and add the creative space. We didn’t want the shopping experience here to be transactional. It’s more about hospitality and being a part of the space. We want customers to feel as if they are walking into our home.

More information at www.queenieandpearl.com or @queenieandpearlmn CityLifestyle.com/MinneapolisLakes

FINANCIAL BUZZ

MOVING IN THE DON'T PUT OFF YOUR DREAM OF OWNING A NEW HOME

ARTICLE SUSAN BALDANI PHOTOGRAPHY DIANE MCFADDEN

RIGHT DIRECTION

Minneapolis Lakes | September 2020

“LAKES AREA RE ALT Y IS NOT A CORPORATE REAL ESTATE RELATIONSHIP AND YOU ARE NOT BEING PASSED A L O N G ,” S AY S S T E V E HAVIG. “WE LIKE TO CONSIDER OURSELVES COLL ABORATORS INSTEAD OF C O M P E T I T O R S . ” LIKE MOST INDUSTRIES, THE REAL ESTATE MARKET HAS HAD TO FIND INNOVATIVE WAYS TO SAFELY SERVE CLIENTS. Despite COVID-19, the desire to purchase one’s own home has not diminished, and sales in Minneapolis are going strong. “People are doubling down in the investment of their homes,” says Matt Basil, a Realtor® at Lakes Area Realty. WHAT’S HOT IN THE MARKET; WHAT’S NOT Some of Basil’s clients who purchased their home three years ago recently decided to sell; it took only 11 days on the market with 19 showings. And, the number of showings scheduled has surpassed levels at any point in 2019. Steve Havig, Owner and Broker at Lakes Area Realty sees most sales in the range of $250,000-$450,000, often leading to a multiple offers scenario. Cabin properties are also experiencing a lot of interest; sales over the summer were up by 20%. With CONTINUED >

CityLifestyle.com/MinneapolisLakes

FINANCIAL BUZZ (CONTINUED)

COVID-19 severely limiting travel options and people being wary of flying, cabins are a smart alternative. They allow families to get away while distancing themselves from others. On the other hand, the luxury housing market has been negatively impacted; houses are slower to move in the higher price ranges. Condominiums have not fared well either due to concerns about shared spaces and multi-family buildings. PATIENCE IS THE KEY WHEN BUYING YOUR NEW HOME For sellers, multiple offers are, of course, a boon, often leading to much higher selling prices. But for buyers, these situations can lead to continual disappointments. “Buyers are frustrated with the multiple offer scenarios and losing out on properties they are seeking to acquire”, says Havig. “Lakes Area Realty had a client who put offers in on five homes until finally getting one they wanted, paying $20,000 over the asking price.” Havig and Basil stressed that buyers need to keep their expectations realistic. When they lose a bid on a home to someone who offered a higher amount, they have to go back and start from square one. However, both expect that there will be a potential boost in home supply coming this fall, so buyers should be ready.

Minneapolis Lakes | September 2020

TAKE ADVANTAGE OF LOW INTEREST RATES Low interest rates are another factor that has led to a high demand for properties. “Mortgage rates are very indirectly tied to the Prime Lending rate and have a direct and inverse relationship with the bond market; bonds go up, rates go down,” says Basil. “Real estate rates fluctuate often, but have been anywhere from 3.0-3.25% in July 2020.” SAFETY FIRST Sellers may be cautious about allowing strangers inside their homes during this pandemic. And buyers may be leery of entering others’ homes. Lakes Area Realty has implemented strict guidelines for Open Houses. Social distancing will be in effect, and masks must be worn at all times. If gloves are not worn, hand sanitizer will be given out at the door by a Realtor® or an assistant. Another Realtor® will then take one group at a time through the house and wipe down anything that is touched. Use of bathrooms will not be allowed. “Do what you are most comfortable with,” says Basil. “And go about showing your home or touring potential homes in a way you feel good about. Lakes Area Realty has been getting creative with offering a hotel stay credit while your home is being shown over a weekend… to be able to get showings done in a manageable way in a more condensed time period.” There is also the option of renting an ozone machine. These can help clean the air after multiple showings. Opening windows, and leaving cabinets, pantries, and other doors open is a good way to deter people from touching these spaces in order to see what’s inside. PUT ON THE BEST SHOW As always, when selling a home, the better it looks the easier it will sell. Remove any clutter, layer on a fresh coat of paint, and keep the home sparkling clean. Realtors® can help with staging so buyers can see all of the home’s potential. “Staging and cleanliness still apply,” said Basil. “It is key in selling a property and putting your best foot forward.” MAKE THE MOVE “Lakes Area Realty is not a corporate real estate relationship and you are not being passed along,” says Steve Havig. “We like to consider ourselves collaborators instead of competitors.” The REALTORS® of Lakes Area Realty stay up to date on the inventory available while also keeping track of what will soon be coming on the market. They pride themselves on the ability to connect with their clients, having the knowledge to structure deals (such as multiple offer scenarios), and working hard for the

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desired outcomes of their clients. They are also highly familiar with the neighborhoods and the school districts in their areas. To

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find out more, go to https://www.lakesarearealty.com/.

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