2021 was a wild and crazy year for Minnetonka real estate along with pretty much the entire Twin Cities area. I personally competed for my buyers on a number of homes in multiple offer situations with 12 or more offers on the table. We won quite a few but lost some as the prices other buyers were willing to offer just did not make sense. In one case, a $500,000 (list price) Minnetonka home sold for $631,000 Cash in 2 days. A full $131,000 over the asking price! Here is the link to the sold Minnetonka home.
While preparing for a new listing presentation for a seller, I ran the numbers on Minnetonka homes that sold in the first week of being on the market. The average Minnetonka home sold for $48,000 over the asking price and the average 2 story home sold for $63,000 over the asking price.
What a great time to sell your home!
Click this link to view Minnetonka homes currently for sale
If you have an interest in Buying or Selling and/or if you have any questions, please Call, Text or Email Me.
Regards,
Tom Nicklow
Broker/Owner
Minnetonka Realty, Inc.
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