Overall for the 13 county metro area is approx. 17% higher than it was for the first week of 2008. The positive is however that overall the amount of inventory is growing at a slower rate than it has since 2004.
There are currently 183 single family homes on the market for sale. During the month 59 new listings came on the market. Only 20 homes were sold and closed, while there are 28 homes with written contracts waiting to close.
Y-T-D through the end of last month the number of homes sold were about slighty less than 1/2 of what it was for the same period in 2007.
Days On Market has increased to 130 DOM. Prices are in a state of flux, the good news is that Minnetonka is one area showing a positive increase in average sale price. Each home requires very specific detail evaluation to determine what is a good listing price if you are thinking of selling your home.
The key to selling your home in 2008 is based on condition and price, well staged home priced to sell are still selling. Plan on about 6 months before the moving truck is loaded as the Days On Market is close to 4 months, then you have to wait for the closing
Your home sold GUARANTEED or I will buy it for cash. Visit http://www.mnsoldguarantee.com for more information.
For a FREE market analysis on your home or go to www.mnonlinehomevalues.com find more information.
For homebuyers who are interested in receiving notices of new listings meeting your specific search criteria for your area of interest, you can set yourself up by visiting www.jerryclifford.com and click on "Search For Homes". When you buy a home with us we are so confident we will find the right home for you that if anytime within the first 18 months you are not happy with your home and you want out of it I will sell it for free.
If you are thinking of selling your home and would like our professional opinion of market value, plus an overview of our marketing plan, please contact us at 952-829-1562 or via e-mail, jclifford@minnesotahomes.com.
We have several years of Minneapolis / St. Paul and Minnetonka residential real estate experience and have created a highly effective marketing strategy that consistently beats the competition in "days on market".
For more specific information on the real estate trends of Minnetonka contact me at 952-829-1562.
~Exceptional Service Exceptional Results~
Disclaimer: All information has been extracted from the regional MLS service for single family homes under $1,000,000 in the Minnetonka area
Location Characteristics: The city of Minnetonka is a suburban community located eight miles west of Minneapolis in Hennepin County. The city has a land area of 28 square miles, and its 2000 population of 51,301 makes it the thirteenth largest city in Minnesota. Minnetonka enjoys an excellent location, with convenient access to the Minneapolis-St. Paul metropolitan area via interstate highways I-494 and I-394. Interstate Highway 394 runs from Minnetonka east to Minneapolis, and is a primary commuter route to downtown Minneapolis. Its reversible high-occupancy vehicle lanes create a priority route for buses and car-pool vehicles during peak traffic hours. The city is just 25 minutes from the Minneapolis-St. Paul International Airport.
About Jerry Clifford:
Jerry has lived in the Minneapolis / St. Paul area most of his life. He is very familiar with the real estate market in the Twin Cities and surrounding communities. His passion for real estate struck after a successful career in Senior Management positions with local companies in the Twin Cities.
Since starting his career Jerry has achieved several goals including being awarded the prestigious 100% club award from RE/MAX as a high producing agent. Jerry is certified as an ePRO real estate technology certification and a Senior Resident certification
Buying or selling a home is one of the most important decisions in your life. We are a professional and experienced team committed to providing you with "world-class service". We have a deep knowledge of the different communities in Minneapolis / St. Paul and surrounding areas. Our customers appreciate our attention to detail, high ethical standards and strong negotiation skills. You may contact us anytime at 952-829-1562 or visit us on the web at www.jerryclifford.com
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
