South of the River News

May 22, 2009

Weekend Activities in Elko New Market

Filed under: Local Events — Tags: , , , — Nichole Fredrickson @ 7:17 am

During this Memorial Day Weekend, visit the Elko Trader’s Market! The Elko Trader’s Market is located just off I-35 , exit 76. Hundreds of vendors and antiquers will have their treasures available for the public.From 8am to 5pm on Saturday, May 23rd and 10am to 5pm on Sunday and Monday, you could find that perfect piece of furniture, incredible homemade goodies, or the “hard-to-find” antique.

The Elko Trader’s Market will happen rain or shine. Parking is free, admission is $4. Trader’s Market is only open on holiday weekends and allows visitors to find great bargains! You can also shop over the July 4th weekend, July 3,4, and 5th, 2009 or during the Labor Day weekend, September 5, 6 and 7th, 2009.

imagesAnother fun family option for this weekend is to attend the Elko 125 featuring the ASA Midwest Tour at Elko Speedway. The touring series hosts the best drivers from the Midwest and races are always exciting to watch. You can visit www.ASAMidwestTour.com for more information on the race that takes place on Saturday evening.

Whatever your plans, I want to wish you a wonderful, safe Memorial Weekend!

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January 14, 2009

Elko New Market Homes For Sale

Filed under: Local Events, Real Estate Terms — Tags: , — Nichole Fredrickson @ 8:54 am

route-mapJust to give you a pulse on the Elko New Market area and the real estate available, here are some interesting facts:

There are currently 61 active listings. Lets break that down, into 12 townhomes, 44 single family homes,and 5 hobby farms. New construction makes up 12 of those listed homes.

Of those 61 active listings in Elko New Market, 12 of them are specified as lender owned, or foreclosed. Another 8 of them are specified as short sales. That leaves 41 that are being sold by the owner without pressure of having to bring additional money to closing to cover the difference between the sales price and the amount owed on the mortgage. Pretty good statistics if you compare those to a number of other areas in the south metro.

Elko New Market summaries show there is a home for everyone here. They are priced between $49,900 and $508,900 with an average list price of $290,217. Square footage ranges between 1,150 to 4,768, averaging a total square footage of 2,465. The average Elko New Market price per square foot is $122. Other facts include an average ‘days on market’ of 112 and the average year built of listed homes is 1999.

This information is as of January 13, 2008.

With an average commute time for Elko New Market residents of less than 20 minutes, Elko New Market is the perfect place to call home. Affordable homes, with a wide variety to choose from, proximity to larger metropolitan areas and the small town feel of Elko New Market show its versitility and appeal. If you are thinking about a move to the southern metro area, check out Elko New Market!

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January 12, 2009

Cap X2020 to Run Through Southern Metro

Filed under: Local Events — Tags: , , — Nichole Fredrickson @ 9:00 pm

I was one of the lucky 73,000 landowners to receive notice that the Cap X2020 project may impact my land. Nearly 3,000 landowners in Scott, Rice, Dakota and LeSeuer counties alone received letters.

What is Cap X2020? It is a collective effort between the Northern States Power Company and Great River Energy. This includes Xcel Energy. Their plan is to run a power line from Brookings, South Dakota across Minnesota to Hampton. It is proposed to be a 345 kilovolt transmission line.

Its purpose is to ”expand the electricity infrastructure to ensure continued reliable service, meet the growth in electricity demand and support renewable energy expansion” per the route permit application.

Homeowners in Lakeville, Elko New Market, New Prague and Lonsdale – listen up. This could very easily effect you!

Per their proposed map, there is a preferred route and an alternate route to the plan. The preferred route will run from Brookings, through Minneota, go up and have a substation in Granite Falls, come back down to the Lyon County substation, east toward Seaforth, Franklin, Winthrop, through a substation in Helena, up through New Prague, east through Elko New Market, (just on the southern edge of Lakeville, then over to Hampton. The alternate route would run through many of the same substations, but mainly be put just north of the preferred route. The alternate route would run through Redwood Falls, east to Belle Plaine, cut south to New Prague, Lonsdale, and then northeast through Elko New Market, stopping at a Lake Marion (Lakeville) substation before ending up in Hampton.

The letter received was very vague, tip-toing around the impact that it would have on the land it ran through and the price it is willing to pay to have right-of-way on your land. It simply states that it would resemble a utility easement. Interviews with Star Tribune say it will be a 150 foot-wide-easement. One sentence later, the application notice mentions that land owners that do not cooperate may be subject to eminent domain laws in accordance with the applicants authority under Minnesota Statutes Chapter 117.

The letter is dated December 29th, and mentions that within 60 days the application process is considered complete and that public hearings will follow. At those meetings, any member of the public may speak, and may even propose additional routes for consideration.

For more information, please visit the site they provided at http://energyfacilities.puc.state.mn.us/

I will keep you updated as to any new information as it becomes available.

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December 18, 2008

Elko New Market Housing Affordability Index

Filed under: Real Estate Terms — Tags: , , , , , — Nichole Fredrickson @ 6:22 pm

 The experts agree, now is the time to buy. With the decline in mortgage interest rates last month to the five percent range, and now dropping even more, getting a mortgage is completely affordable. On top of historically low mortgage interest rates, the ‘median sales price’ of home in the south metro area is about 20 percent less than this time last year. That is now the lowest since the last quarter of 2001!!! Those two factors combine to make an extremely attractive housing affordability index. According to the Minneapolis Area Association of Realtors, the HAI (Housing Affordability Index) rose nearly 28 points from last December in the Elko New Market and Lakeville areas. That means the HAI is at 180, the highest point in the last 9 years.

When the HAI is up, that symbolizes a ‘good buy’ for buyers. Even though we have been experiencing a ‘buyers market’ for a couple years now, today is the best time to buy.  If you have been waiting for the perfect time to buy your new home, it is GO TIME. With a wide inventory in Elko New Market, Lakeville, Farmington and other areas of Scott and Dakota Counties, you will find just what meets your needs. Feel free to contact me at Nichole@NicholeFredrickson.com for more information.

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December 10, 2008

New Market Road Construction Done, Holiday Events Planned

Filed under: Local Events — Tags: , , , , — Nichole Fredrickson @ 10:16 am

With a long fall full of detours, the Cty Rd 2 road construction project is finished until spring in downtown New Market. With the road widening, many local businesses are anxious to bring back old patrons and hoping to see some new faces as well.

There are a number of Holiday events planned in the next few weeks throughout Elko New Market. The first is an ornament exchange at Leo’s, a long-standing gathering place for locals. Bring in your wrapped ornament on Friday, Dec 12th  at 8pm to partake in the fun. The next day, Saturday, Dec 13th there will be a community Bake Sake at Leo’s from 11am to 3pm and I am told that SANTA will be stopping by to check out the goodies!

Since it is a well known fact to native Elko residents that “Elko is the Center of The Universe”, Santa will be making a stop at the new sports bar and grill, End Zone, on Saturday December 20th from 12pm to 3pm!

Take advantage of the Holiday cheer and partake in some of the festivities! Without the burden of the County Road 2 road construction, you will have no trouble getting there! We will see you in Elko New Market!

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