Minnesota Luxury Real Estate – Inventory Still Falling Quickly

minnesota luxury homes, inventory trend, closed sales trend

The Median List Price and Median Sale Price haven’t moved much based on the data I collected. Data for Luxury Homes covers the entire state of Minnesota, these numbers may be watered down Owners of these homes may be more firm on the price they want, with little change in price reductions There are fewer [...]

27 Suburbs with Appreciating Home Prices

twin cities suburbs, real estate, housing market, housing inventory, burnsville mn, woodbury mn, maple grove mn, minneapolis, plymouth mn, saint paul minnesota, lakeville mn, chanhassen mn, eden prairie mn, prior lake mn, chaska mn, edina mn, golden valley mn, lake minnetonka, apple valley mn, eagan mn, rosemount mn, savage mn

Twenty-Seven out of the Ninety-Two Communities we survey in the Twin Cities Metro Area saw home price rise when we compared the Median Sales Price in 2011 to the first quarter of 2012. We also surveyed the same communities to see which ones have appreciated since the 2006  Housing Market Peak. So far we haven’t [...]

Luxury Home Market

minnesota luxury homes, real estate, housing market, home prices, home sales

Home Prices for Luxury Homes have been pretty flat for some time even with inventory levels falling. Now that lower priced homes are selling faster with multiple offers it’s only a matter of time before higher priced homes start to feel the trickle effect of an improving market. Luxury Homes Sales are on pace to [...]

Luxury Home Market Data Remains Flat

minnesota luxury homes, home sales

Prices and Sales Figures remain flat for Luxury Homes in Minnesota while inventory levels steadily decline. Luxury Homes Sales are on pace to hit 1,376 Sales, which is about 700 fewer than sales in 2011 and 2010. In this next graphic we can see which communities have the most luxury home sales in Minnesota and [...]

Twin Cities Housing Market Update – 1st Quarter of 2012

twin cities, minneapolis, minnesota, pending sales, new listings, home sales, real estate, housing market

With an unusually seasonably warmer first quarter buyers started looking at homes a little sooner compared to previous years. It’ll be interesting to see if Minnesota still follows a similar pattern of peak activity between now and Memorial Day or if it will die down a little bit sooner compared to previous years. More than [...]

Average Home Price in Minneapolis

minneapolis, real estate, housing market, home prices, home sales

The Median Sales Price in Minneapolis continues to remain flat as the Housing Market starts to shift closer and closer to a Seller’s Market. In this next chart we can see home various areas in Minneapolis have performed in the last ten years.

Luxury Home Inventory Continues to Fall

minnesota luxury homes, housing inventory, housing market, real estate

The inventory of Minnesota Luxury Homes has peaked during the Fall of 2009. Home Sales of Luxury Homes peaked in 2005 and have leveled off since 2009. Sales in 2012 are on pace to hit about 850 Sales. This number will most likely change in the coming months since more closing occur during April, May [...]

Which Communities in the Twin Cities Area Are Selling the Most Homes 2012 YTD

twin cities, homes sales, median sale price, minneapolis, saint paul mn, brooklyn park mn, coon rapids mn, woodbury mn, maple grove mn, blaine mn, lakeville mn, bloomington mn, apple valley mn, plymouth mn, eagan mn,burnsville mn, edina mn, eden prairie mn, brooklyn center mn, shakopee mn, st. louis park mn,maplewood mn, minnetonka mn

I thought it was time to take a look at which communities in the Twin Cities were having the most sales so far in 2012. Most Active Twin Cities – Minneapolis/St. Paul Metro Area Communities

Southwest Minneapolis’ Balanced Market

southwest minneapolis home prices, lynnhurst, tangletown, linden hills, fulton, east harriet, kenny, armatage, king field, windom

Home Prices in Southwest Minneapolis have been fairly flat in recent years. Although, I’m sure there’s some various from one neighborhood to the next. I would also assume various price brackets have also been experiencing different trends, but this is the overall picture of Southwest Minneapolis. Inventory levels have plunged greatly, much like the rest [...]

Minneapolis Lakes Neighborhood – Lynnhurst

lynnhurst minneapolis, real estate, housing market, home prices, absorption rate, housing inventory

The Lynnhurst Neighborhood in Minneapolis has preformed pretty well since the Housing Downturn in the Twin Cities. Even though prices in Lynnhurst fell 6% since 2006 the area has appreciated pretty well in the last ten years at 20%. Even though inventory has been high for the Lynnhurst Neighborhood Home Prices have performed pretty well. [...]

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. All real estate listings are marked with the Broker ReciprocitySM logo, and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed.

Copyright 2012 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

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This IDX solution is (c) Diverse Solutions 2012.

Eric Hempler is a Minnesota Realtor with the Agent Referral Network and works in conjunction with RE/MAX Advantage Plus on the Minnesota Real Estate Team.