We Tell it Like It Is

What's Selling Right Now--Mpls
May 4th, 2010 1:54 PM

The city proves to still be a popular area for home buyers. Here's a snapshot of what's selling--these are numbers based on homes that have recently accepted offers and are waiting to close.

Minneapolis--Most Popular:

SW Mpls--143 homes sold--$324,000 avg list price--why: Urban homes with a wealthy, suburban feel to the neighborhoods. Close to Edina but yet in the city. 2nd best to those that can't afford Edina.

Nokomis--125 homes sold--$215,000 avg list price--why: close to the lakes/trails and walking distance to cute coffee shops, etc. Homes have "character".

Camden--116 homes sold--$94,000 avg list price--why: its the "safe" area of N Mpls. You can get a newly rennovated home for 100,000.

North Mpls--89 homes sold--$80,000 avg list price--why: half of these homes are listed under $75k and are purchased by investors who fix them up & resell at very affordable prices.

NE Mpls--63 homes sold--$153,000 avg sales price--Urban homes w/"character" that you can't find in neigboring cities like Fridley, New Brighton. 2nd best to those that can't afford St. Anthony Village.

Longfellow--45 homes sold--$205,000 avg list price--light rail access. 2nd best to Nokomis.

 

 

 


Posted by Karen Collins on May 4th, 2010 1:54 PMPost a Comment (0)

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