a Berkshire Hathaway affiliate
Newsroom

Randy Bacchus Named Director of Edina Realty's Builder Resource Group


New Construction Business Continues to Rise During Seller’s Market



Edina, Minn. - May 1, 2014 – Edina Realty named Randy Bacchus director of its Builder Resource Group. This new position supports the growing new construction business by assisting real estate agents, sales managers, builders and developers who market and sell new construction.

New construction is rebounding in the current market, in part because the inventory of homes for sale is at a 10-year low. The Minneapolis Area Association of REALTORS® reports that closed sales of new construction in the greater Twin Cities area was up nearly 30 percent last year, and it’s on track for further growth this year.

While the volume of sales are much lower than traditional sales, over 3,600 new homes were sold between April 2013 and March 2014 in the 13-county metro area. Currently, there are over 2,200 new homes for sale on Edina Realty’s website, which includes all properties listed with the MLS.

Bacchus obtained his real estate license in 1992 and became an agent at Edina Realty’s White Bear Lake office in 1994. In 1997, he founded Bacchus Homes, a building and remodeling company. After 14 years, he returned to Edina Realty to resume his career as a full time real estate professional.

“I’m confident we will continue to grow our new construction business by offering superior products and services to Edina Realty’s customers as well as our agents, builders and developers,” Bacchus said.

For more information on the Edina Realty Builder Resource Group or to find a new home, visit www.edinarealty.com/new-construction-homes-for-sale/search-new-homes-lots-and-builders or call Edina Realty Customer Care at 952-928-5563.

Edina Realty is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc. It is one of the nation’s largest real estate companies with approximately 60 real estate offices and 2,300 REALTORS® throughout Minnesota and western Wisconsin. Edina Realty's family of companies includes Edina Realty, Edina Realty Title, and Edina Realty mortgage. Edina Realty closed nearly 29,000 real estate transactions and more than $6.9 billion in sales volume in 2014. For more information, visit www.edinarealty.com or find us on Facebook: facebook.com/EdinaRealty; and Twitter: twitter.com/Edina_Realty


Get more information, or schedule an interview:

Gena Henrich, Edina Realty952.928.5069genahenrich@edinarealty.comPaul Maccabee, Maccabee Group612.337.0087paul@maccabee.com



Status Definitions

For Sale: Properties which are available for showings and purchase

Active Contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Contingent and Pending statuses may not be available for all listings