Unless you have been living in a bubble, you already know that the Minnetonka Real Estate market has been on fire all year long with just a short hiatus after Covid-19 hit in March. According to the Minneapolis Area Association of Realtors, the median Minnetonka home sales price has increased in value 22% from a year ago, from $328,000 to $400,000. The average sales price has increased a Continue Reading
Minnetonka Moose?
My In-laws Hans, John and I floated the Teton River in Driggs Idaho, just West of their home in Jackson Hole, WY. The day was going well with Hans and John catching most of the trout (experienced fly fishermen) and I rowing the drift boat and catching a few fish (not so experienced, MN spin fisherman) When we came around the bend we almost bumped into three bull moose enjoying a dip in Continue Reading
Signed Purchase Agreements Reach Highest Level Since 2004
This smoking hot real estate market has no signs of slowing down anytime soon! The month of June just had the most signed purchase agreements recorded since way back in 2004. New highs for showings suggest further strengthening, though inventory still remains a challenge. Following is an article published by the Minneapolis Area Association of Realtors. June signed purchase agreements Continue Reading
The Real State of Minnetonka Real Estate
Minnetonka Real Estate has seen quite a comeback from the Covid-19 related collapse of the real estate market back in March of 2020. The Minnetonka market actually bottomed out the first week in April and started to come back a week or two later. By the beginning of June we were almost fully back to normal and at the time of this writing we are experiencing a major sellers market with multiple Continue Reading
Lake Minnetonka Home Fire
Roby and I went for a boat ride the other day and we noticed that one of our favorite Lake Minnetonka Homes was gone and a new structure was being built in its place. After a bit of research we sadly found out that the home at 2750 Gale Road in Woodland burnt to the ground Wednesday, February 12th. The Star and Tribune reported that "the fire was so large that flames could be seen from the Continue Reading
Real Estate Sales & The Stay at Home Order
The Minnetonka Real Estate market is alive and well, in fact it's booming! I am working with buyers and sellers through Governor Walz Stay at Home Order as Realtors are deemed an essential service. There have, however been a number of changes to the way we buy and sell real estate during this pandemic. Following are few guidelines that I am following to keep my clients Continue Reading
COVID-19 Impact on Real Estate Showings in North America
This article was just published yesterday by ShowingTime and the chart below is updated daily. In recent days, 2020 showing activity has fallen off from the same period in 2019 as the impact of COVID-19 continues to grow. Through mid-March, year-over-year showing activity has been higher nationwide compared to 2019. The current dip could mean a slowdown in home sales, or a more balanced Continue Reading
2019 Twin Cities Real Estate Market Report
Hot Off the Press with the 2019 Twin Cities Real Estate Market Report from the Minneapolis Area Association of Realtors. This yearly report has an abundance of information on the residential real estate activity in the 16 county Twin Cities region of Minnesota. Click Continue Reading below to view the full report. Enjoy! Continue Reading
2020 Remodeling Cost vs Value Report
Curb appeal really does have a major impact on the return you'll see at resale. Among the top 10 home improvement projects with the highest return on investment (ROI) in Remodeling magazine's newly-released Cost vs. Value Report, nine are outdoor projects. Topping this year's list is Manufactured Stone Veneer, a project that has consistently ranked toward the top of the list since the Continue Reading
Minnetonka Homes for Sale
There are currently 146 Minnetonka Homes for Sale, 113 Single family homes and 33 condos or townhouses for sale. Is Minnetonka Real Estate a good investment? Check out the Minnetonka Homes Sales chart and you be the judge! The following chart is a live feed from the MLS and is updated monthly so check back often: Continue Reading