Minnetonka Home For Sale

Located only about eight miles from the Twin Cities metropolitan area, the Minnetonka real estate market is one of the more popular markets in this part of Minnesota. Minnetonka is home to about 50,000 residents which makes it one of the most populous cities in the entire state. One of the things that my family appreciates about Minnetonka is its dedication to the environment. The town offers an organics recycling incentive in which volunteers collect organic waste like dairy products, breads, pasta, egg shells and more to take to a local composting site. This helps us reduce our overall waste while helping the environment at the same time.

The library system in Minnetonka is great as well. Since it belongs to the greater Hennepin County Library System, we have access to thousands of resources and books. We go to the library every week to get new books because we love to learn about a variety of different topics.

Minnetonka Real Estate Info: Prices of Homes in Minnetonka MN

Located just on the outskirts of Minneapolis, the Minnetonka real estate neighborhoods offer a great getaway from the hustle and bustle of the big city without being too far away from it. Some of the more popular Minnetonka housing developments include West Oaks, Sylvan Oaks, Waternesse and Long Lake Ridge. However, there are many new subdivisions being built every day to accommodate the growing population and popularity. Many of the homes are more exclusive since the town is a wealthier area in Minnesota. As such, homes in neighborhoods like Willoughby Townhomes, Long Lake ridge and Glen Lake Cove are on the higher end of the pricing scale. Each home offers its own unique features and amenities for today’s home buyer.

Prices of homes in the Minnetonka real estate market are widespread depending on the type of home you are looking for. A large number of homes in Minnetonka are available for less than $150,000 while the majority of homes cost between $150,000 and $500,000. You can also find Minnetonka homes for sale for $700,000 and above depending on your budget and family’s needs.

Minnetonka Real Estate News: December Minnetonka Home Sales

In December, 2011 we had 50 new listings, that was higher month over month for Minnetonka up 4.2%. Minnetonka average house sales price dropped -15.1% yr/yr in December we are still concerned, call today to talk to with our Minnetonka Real Estate Team. With 5.1 months of inventory for sale in Minnetonka which was reported December call and expert at,Minnetonka Real Estate Group. Currently in Minnetonka homeowners are getting about 89.2% from the original list price of their home which is up from 87.9% last year. The Minnetonka-Realty.Com were talking the number of homes that closed for the month of December 2011, they were up 39%. Average median sales price in Minnetonka was $235,000 in December that was lower month over month, down -5.1%. Yes, we often we discuss the real estate market, at Minnetonka Real Estate Group the latest data on days on the market until sold in December 2011, the percentage was up 8.3% to 157 days in the past month. Minnetonka is now at 278 for days of inventory for sale in December that was lower vs last year, down -23.2%.