How Does Real Estate in Minnetonka Compare

to Real Estate in the 13 County Metro Area?

There are many different factors that one can look at when comparing real estate in one area to real estate in another. Today we are going to look at median price per sq foot in Minnetonka vs the rest of the Twin Cities. 

The graph below shows the rise in the median $/sq ft in Minnetonka. It has been rising steadily over the past few years.

January 2016 - $138/sq ft

January 2017 - $144/sq ft

January 20...

Annnnd the Winner is.....

May 2018 Monthly Newsletter Contest!!!

 

 

My May Real Estate Newsletter was sent out at the beginning of the month! As always there was trivia question included!

The May Newsletter Trivia Question was...

The Early Roman Calendar had May as the ___ month of the year?

The Answer: 3rd :)    

The winner this month is Judy F!!! (Watch the Video Drawing below-surprise guest this month!) Congratulations to you! Enjoy your Flowers :) Thank you for playing :) 

My June...

Home Appreciation is Growing Faster and

Faster and Faster and......

FASTER!!!!! We've all heard it in the news over and over again.... There aren't enough homes for sale! Homes are selling for more and more... 

The news is correct! The lack of homes on the market is pushing the prices up higher and higher... Multiple Offers are now a commonality in Real Estate!

The National Association of Realtors reported that the first quarter of 2018 saw a 5.7% appreciation nationally! Home prices in th...

Homes for Sale in Minnetonka!

The number of Homes for Sale in Minnetonka has be decreasing steadily since 2016. In January 2016, there were 300 homes for Sale. In January 2017, there were 250 homes for sale. In January 2018, there were 205 homes for sale. That number appears to be continuing to taper down ward. If you've ever thought about moving, now would be a GREAT time! Click here to find out what your home is worth. Click here to reach out to me to discuss your options. 

Click here to F...

Would you like to Pay off Your 30 Year Mortgage in LESS than 30 Years?

I would!!! I would!!! I would!!! Both of my hands are in the air! (Feet too).

Do you remember when you closed on your house? Do you remember when your closer showed you the Amortization Schedule? It showed you that for the first 15 years, more than 50% of your monthly payment pays more interest than principal... sigh... And we accepted it because that is what happens when you buy a house~ Right.?.?.? Wrong!!! We were wron...

Facts about the Minnetonka Real Estate Market

The Real Estate Market in Minnetonka is a bit different from the rest of the 13 county Metro when it comes to Real Estate! How so, you might ask~ 

In all markets, the number of homes that list on the market starts to increase in January and continues to increase as the weather gets warmer. The number of homes in the 13 county metro usually peaks in June and July. The number of homes on the market in Minnetonka does not fit this mold~ Minnetonka's...

Get the Skinny on Real Estate Trends in Your Area! February 2018

March 2018 numbers are in. April numbers will be out toward the end of May.

*Pending Sales decreased by 12.2% from 2017

*Closed Sales decreased by 10.3% from 2017

*The number of homes for sale decreased 26% from 2017

*This left the month supply of homes at 1.7 months~ 

*Prices increased 9.8% with the median sales price of $258,000

*Sellers netted 99.1% of their asking price.

For all the numbers and statistics, the full Mi...