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: February Minnetonka Home Sales

Minnetonka is now at 167 for numbers of days on market until sold in February that was higher vs last month, it was up 13 days. The average home sales price in Minnetonka for February was $291,912 it was lower mo/mo down -6.4%. Minnetonka percent of origional price listed recieved rose 5.8% yr/yr in February to 93.5% that something we want to see continue, call today to talk to with our Minnetonka Real Estate Team. Average median sales price in Minnetonka was $265,000 in February that was higher year over year, as a percentage it was up 23.3%. The Minnetonka Real Estate Group were talking about new listings for the month of February (2013), they were up 6 homes to a total of 80. What is the months of supply of inventory for homes for sale in Minnetonka? The latest reports of 2.4 months was reported in February, 2013 it was down -55.6% y/y. The average number of days rose for real estate has been on the market in February in Minnetonka currently it is it was up 15.1% to 122 days month vs month. In February, 2013 the 47 closed sales were higher month over month in Minnetonka it was up 11 homes.