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The median price of a home in Minnetonka rose 9.4 percent in 2012 over 2011, from $233,000 to $255,000.
Please, someone, plant a “For Sale” sign in front of your house! Realtors say 2012 has been, and 2013 will likely continue to be, the closest thing to a boom market the Twin Cities region has seen in almost a decade: Prices are up—in some cases, spectacularly—the average amount of time homes spend on the market is way down, and the number of foreclosures, which tend to depress prices overall, has fallen considerably. Now, all the market needs is more sellers. “We’re very encouraged by the recovery we saw in 2012,” said Andy Fazendin, president of the Minneapolis Area Association of Realtors (MAAR), at a recent news conference to announce the organization’s annual market-results survey. With the area’s economy recovering and interest rates …
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 …
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What were Minnetonka's highest and lowest priced homes to sell in 2011? What were the longest and shortest listings on the market?
A $1.95 million home took the cake in Minnetonka this year for the most expensive residential real estate to sell. The cheapest, a 742-square foot two-bedroom, sold for $56,000. A 1,296-square foot home on Williston Road was the longest house on the market, taking 805 days to sell. Below are details on Minnetonka's 2011 real estate extremes: Shortest time on market Of the 610 homes in Minnetonka on the market in 2011, 10 of them sold in their first day on the listings. This does not include all the houses sold prior to going on the MLS. Longest time on market Condo: 408 Parkers Lake Road #306. This two-bed, two-bath, 1,903-square foot condo was on the market for 1,433 total combined days. List Price: $445,000. Sold Price $395,000. House: …
Home values slipped a little over five years ago in the Minnetonka area, but currently, the average home is selling for 90 percent of its listing price.
If you're looking to sell your house, it may soon be the time to do it. The real estate market in Minnetonka is gaining momentum compared to the majority of the Twin Cities and national market, according to Adam Fonda, a local real estate agent with Coldwell Banker Burnet. “Median sales are up two percent compared to last year,” Fonda said. “This up-shift is attributed to the exceptional services that Minnetonka provides, such as schools, parks, shops and local companies hiring new workforce.” Companies such as Comcast, who recently announced 450 jobs to be added in Minnetonka, are hiring. Fonda said the national housing market is still recovering, and it will take five to ten years for the damage to be repaired. Home values slipped a …
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Local realtor Cheryl Holds gives some tips to take your house from "for sale" to "sold."
Minnetonka realtor Cheryl Holds teams up with Patch to answer the all-important question: How do I get my house sold? Top Tips: 1. Make the entrance inviting. 2. Finish any unfinished projects, including painting. 3. Clean, clean, clean—even inside cabinets and closets. 4. Think about Kitty and Fido! 5. Create a warm and inviting atmosphere with soft music and yummy smells. BONUS TIP FOR BUYERS: Be realistic! In the era of HGTV, sometimes buyers have unrealistic expectations too.
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Patch provides a quick look at several local open houses scheduled for this weekend.
Looking for a home in Minnetonka? Wondering about weekend open houses? Look no further. Every week, Minnetonka Patch will give you a list of weekend open houses- complete with links to loads of home pictures. And don’t forget to check out our SOLD! column, a list of houses sold in your area within the last couple of weeks. Listings compiled with the help of local realtor Cheryl Holds. Address List Price Beds Baths Open House Info School District Listing Agency 3000 Saint Albans Mill Road #102 $142,000 2 2 Saturday 12:00PM - 1:30PM Hopkins Coldwell Banker Burnet 6127 Creek View Trail $179,900 2 2 Sunday 12:00PM - 3:00PM Minnetonka RE/MAX Solutions 4122 Shady Oak Road S $185,000 4 2 Sunday 1:00PM - 4:00PM Hopkins Epic Realty 15706 …
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Minnetonka isn't following some regional real estate trends.
While the number of houses sold and the median sales prices of those homes were both down in the Twin Cities region as a whole in April, Minnetonka bucked the cities-wide trend and saw some growth in the local real estate market last month. For a detailed list of the homes that sold last month in Minnetonka (complete with pictures, sold and original list prices, click here). In numbers released by the Minneapolis Area Association of Realtors, the median sales price for a home in the Twin Cities region declined about 14.6 percent to $145,000 last month, as compared to April 2010. But the median sales price for a home in Minnetonka grew 4.0 percent to $250,000. Also, the number of closed sales was up more than 21 percent in Minnetonka, as …
Patch provides a quick look at local open houses scheduled for this Sunday.
Looking for a home in Minnetonka? Wondering about weekend open houses? Look no further. Every week, Minnetonka Patch will give you a list of this Sunday's open houses- complete with links to loads of home pictures. And don’t forget to check out our SOLD! column, a list of houses sold in your area within the last couple of weeks. Listings compiled with the help of local realtor Cheryl Holds. Address List Price Beds Baths Open House Time Listing Agency 3000 Saint Albans Mill $142,000 2 2 1:00 PM - 3:00 PM Coldwell Banker Burnet 4120 Shady Oak Rd $185,900 4 2 1:00 PM - 4:00 PM EPIC Realty, Inc 4122 Shady Oak Rd $185,900 4 2 1:00 PM - 4:00 PM EPIC Realty, Inc 5443 Pompano Dr $248,900 2 4 2:00 PM - 4:00 PM Coldwell Banker Burnet 4604 Twin …
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Patch provides a quick look at local open houses scheduled for this Sunday.
Looking for a home in Minnetonka? Wondering about weekend open houses? Look no further. Every week, Minnetonka Patch will give you a list of this Sunday's open houses- complete with links to loads of home pictures. And don’t forget to check out our SOLD! column, a list of houses sold in your area within the last couple of weeks. Listings compiled with the help of local realtor Cheryl Holds. Minnetonka's Sunday Open Houses: Address List Price Beds Baths Open House Time Listing Agency 2707 Autumnwood Lane $159,900 2 2 2:30 PM - 4:30 PM Edina Realty 5410 Sanibel Drive $160,000 2 1 1:00 PM - 4:00 PM Edina Realty 5214 Silver Maple Circle $167,000 2 2 2:00 PM - 2:00 PM Edina Realty 17105 Sandy Lane $168,000 2 2 2:00 PM - 4:00 PM Edina Realty …
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