Sold: Holiday Slows Closings in Mendota Heights

That only one home closed in the Mendota Heights area last week does not indicate that home sales have slowed overall.

Instead, it reflects that no one in Minnesota wants to schedule a closing during the last week of summer.

Here are four reasons few home buyers choose the week before and after the Labor Day weekend to close:

1) School is starting and no one with kids wants to add to the chaos with a move into a new home.

2) Most people are at the Great Minnesota Get Together and it’s a lot more fun to be strolling the Fair, looking at giant pigs and eating fried pickles than it is sitting in a conference room signing papers.

3) No one is around on a holiday weekend to help with the big move.

4) A short work week means one less day to schedule a closing.

The undaunted homeowners that closed last week bought a single-family home in a traditional sale.

1) 521 Ashley Lane, Mendota Heights

Listed by: Edina Realty

Single family home
Two bedrooms, one bath

Days on Market: 155

Lender owned

Closed: Sept. 1, 2011

Original List Price: $189,000

List Price at Time of Offer: $169,900

Sold Price: $160,300

Seller Contribution: $8,850