Renting Tops the Trends in 2011 Minnetonka Real Estate
A shift with foreclosures and fewer homes on the market point to stabilization.
When Jason and Amber Greves moved to Colorado in December, they remained owners of their house in Minnetonka. They quickly found a renters for the house they left, on Williston Street, and were able to buy a home in their new city. “In an ideal situation, I would have been able to sell my home and move, but it just wasn’t financial feasible,” Jason Greves said. “A bad time to sell my home in Minnetonka means a good time to buy one in Denver.” “The rental market is actually quite hot,” said Cheryl Holds, a realtor from Minnetonka who works with Coldwell Banker Burnet. The Greves, Holds said, are just one example of families able to hold onto and rent their former homes here while either renting or buying in their new locations, hoping the …
In this Article:
