If you're watching the Stillwater housing market, you likely noticed something unusual this week. After holding steady at a market activity level of 49 for months, we just saw a 3-point drop to 46—the largest week-over-week dip in months.
Yes, we're still in a seller’s market, but signs are emerging that we may be entering a seasonal slowdown—or perhaps even a cooling market. Whether this shift is temporary (thanks, fall weather 🍂) or the beginning of longer days on market and price adjustments, now is the time for strategic positioning.
👉 Six new properties went under contract this past week, a steady number—but slightly lagging behind peak summer tempo.
🔑 On the personal front: I’m thrilled to share that 10923 Quinlan Ave N has closed—again! This remarkable home sold for the second time in just 9 months, proving that timing, strategy, and deep local market knowledge can make all the difference. I’ll be publishing a full case study on these back-to-back sales in the coming weeks—stay tuned.
🔑 On the personal front: I’m thrilled to share that 10923 Quinlan Ave N has closed—again! This remarkable home sold for the second time in just 9 months, proving that timing, strategy, and deep local market knowledge can make all the difference. I’ll be publishing a full case study on these back-to-back sales in the coming weeks—stay tuned.
🎨 Local Life in Full Color
Stillwater is alive with energy this October! First up: the Rivertown Fall Art Festival in Lowell Park this weekend, followed by the crowd-favorite Harvest Fest and Giant Pumpkin Weigh-Off. These events aren’t just fun—they’re a magnet for visitors and potential new Stillwater residents. Let’s keep an eye on who’s falling in love with our town.
🧭 Beyond Stillwater: The Twin Cities Market Pulse
From over 160 accepted offers in the 7-county metro, here’s what we’re seeing:
•20% of buyers are skipping inspections (still competitive!)
•Pre-MLS sales up to 9%
•Cash deals strong at 19%
•Seller-paid closing costs dropped to 34%
•Escalation clauses and appraisal gap coverage are still in the mix—signs that price competition is alive, but softening.
This matters. Many buyers coming to Stillwater are leaving other parts of the metro. What happens in Edina, Woodbury, or Minnetonka doesn’t stay there.
If you’re thinking of listing—or buying—let’s talk strategy. Timing is everything, and data-driven insights are the new edge in this evolving market.
📲 Call or text anytime.
About Richard
Richard McDonough is a top-producing real estate broker in Stillwater & Wasington County Minnesota reaching into Western Wisconsin, specializing in luxury homes, waterfront properties, and distinctive estates throughout the St. Croix Valley With more than 33 years of experience, Richard has built a reputation for integrity, innovation, and results, making him one of the most trusted and recognized Realtors in the region.
As a fourth-generation Stillwater resident, Richard combines deep local roots with global reach through his affiliation with Lakes Sotheby’s International Realty. His expertise spans the area’s most sought-after communities — from Stillwater and Lake Elmo to Woodbury, Afton, Marine on St. Croix, Mahtomedi, Grant, and Dellwood — along with select Wisconsin river towns such as Hudson and Prescott.
Richard is known for delivering a “Luxury Plus” marketing approach that goes beyond traditional real estate services. Every listing receives a personalized strategy with professional staging, high-end photography, drone video tours, and targeted digital campaigns across Google, YouTube, Facebook, and Instagram. His ability to tell each home’s unique story consistently attracts qualified buyers and maximizes value for sellers.
In addition to his track record of selling some of the St. Croix Valley’s most prestigious properties, Richard is deeply engaged in his community. He serves on local nonprofit boards, volunteers for events like Home Town for the Holidays, and is dedicated to supporting the Stillwater area’s vibrancy.
Clients describe Richard as experienced, resourceful, and innovative — a true advocate who handles every detail of the buying and selling process with professionalism and care. Whether helping first-time buyers, seasoned investors, or high-net-worth individuals, Richard’s mission is to make every real estate experience seamless, rewarding, and successful.
