Congratulations to Brace Helgeson and Ryan Platzke of the Helgeson/Platzke Real Estate Group, Coldwell Banker Burnet Eden Prairie, for selling 240 properties in 2013 with a volume of 84 million dollars, making them the #2 team for Coldwell Banker Burnet in the state of Minnesota. This successful real estate group has been one of the top 3 teams every year for the past 10 years. 

Brutal weather and a lack of listings stifled home sales in the Twin Cities last month, but declines in foreclosure transactions helped lift prices.

There were 2,465 closings in February, a 14 percent decline from last year, according to a report Wednesday from the Minneapolis Area Association of Realtors. The median price of those sales was $183,044, a 14.4 percent increase and the 24th consecutive month of price gains.

"The weather has certainly played a factor," said Ryan O'Neill, an agent with Re/Max Advantage Plus. "The market needed to take a collective deep breath. The polar vortex and this brutal winter gave everyone that perfect opportunity."

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Some positive news for Twin Cities homeowners: The number of those with negative equity continues to fall.

At the end of last year, 10 percent of all people with a mortgage in the region owed more than their house is worth. That's down from 16 percent in 2012, according to a new report from research firm CoreLogic.

"This is good news for individuals, households, communities and the market," said Julie Gugin, executive director of the Minnesota Homeownership Center, which tracks foreclosure activity across the state and provides support to people who are living on the financial edge.