Known for its lakes and quality of life, the city of Minneapolis is large and diverse enough to command 11 different MLS areas...each with its own unique character.
The diverse areas include bustling Downtown, the University area, the upscale Chain of Lakes, funky Uptown, the Lake Nokomis area with its affordable bungalows and Minnehaha Creek, the Longfellow area along the Misssissippi River with its trails and easy access to St. Paul.
LRT rapid transit travels between the Nokomis and Longfellow areas and provides easy access to and from the airport, Mall of America and downtown.
The good news is that Nokomis remains a good area for first-time homebuyers and that keeps the market strong. Although still below last year at this time, the number of sales and average sale price has risen each month Jan-Mar this year, and the supply of homes available is considerably below this time last year. With a 6-month supply of homes available it is 'officially' a balanced market, although still more of a buyer's market than one would typically find in this area.
Copy and paste the link below for the most recent market data on all 11 Minneapolis areas, compiled monthly by the Minneapolis Area Association of Realtors.
ZIP Codes: 55406, 55407, 55409, 55417, 55419 Approximate Location Boundaries: The Lake Nokomis area is bordered by I-35W on the west, Highway 55 (Hiawatha, transit line) on the east, Crosstown Highway 62 on the south and 42nd Street on the north...with Lake Nokomis in the center of the area.
Location Characteristics: This charming south Minneapolis neighborhood is known for its affordable 1 1/2 story bungalows, Lake Nokomis and Minnehaha Creek trails and easy access to LRT rapid transit, the airport and Mall of America.
About Sharlene Hensrud:
With most of Sharlene's business coming from repeat clients and referrals, her mission speaks for itself..."to serve my clients with honesty and integrity, exceeding their expectations in service and support."
From first-time homebuyers to seniors, Sharlene enjoys working with people in all stages of life with changing housing needs. Her daughter, also a licensed Realtor, works with her as her assistant. Together they provide a caring team you can trust for help and support throughout the process.
Visit our extensive website at HomesMSP.com for more information about the Twin Cities and buying or selling a home. Be sure to request one of our informative 24-page handbooks while you're there. Let us know if you'd like more information on any area...we're here to help!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
