Snapshot of Median Home Prices in Specific Twin Cities Locations

Minneapolis, Twin Cities Minnesota (PRWEB) January 29, 2015

House sellers in the Twin Cities metro area experienced fewer dwelling sales over all, but significant gain increases were posted by higher house prices. A picture of median house costs in Twin Cities places that are particular reveals significant increases complete. Northstar MLS reports help both buyers and sellers stay on the top of home marketplace changes and cost trends.

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In 2014 the Minneapolis 13 state metro had a total of 49,541 property sales. While that total is down about 7 percent from the prior year, it’s notably but the second-greatest sum since 2005, based on year end data places on January 21st by the Minneapolis Region Organizations of Realtors. The median cost that represents those house sales is $ 205,739, a 7.2 percent progress and the top median cost sellers have got in seven years.

“Median house costs as we start a brand new year in the Twin Cities metro change by neighborhood and yet the road from one residential community to another,” says Jenna Thuening, owner of House Destination. More homeowners are free to consider selling that house prices have rallied substantially.

“The marketplace is returning to more sound ground,” said Tom Weiner, president of the Minneapolis – St. Paul Area Association of Realtors, according to the January 15th post titled Signs point to a healthy – and growing – Twin Cities home market. His statement represents the confidence may feel as future home buyers are in a position that is more powerful than they found in the last couple of years as sellers appeared to have the leading edge. In 2014, the Twin Cities real estate listings stood at 73,768, which was a welcome increase of 2.3 percent over the preceding year and gave buyers more choices than had since 2010.

According to Northstar MLS, the following Twin Cities real estate amounts cover changes in median house costs over a one year time period and were taken on January 26, 2015:

Bloomington: $ 201,000 which is up +4.1%

Burnsville: $ 209,500 which is up +13.2%

Eden Prairie: $ 300,000 which is up +7.3 percent

Eagan: $ 234,375 which is up +6.5 percent

Edina: $ 380,000 which is up +8.5 percent

Hanover houses for sale: $ 254,312 which is up +6.0%

Lake Minnetonka Place: $ 380,000 which is up +2.7 percent

Mendota Heights: $ 330,000 which is up +16.8%

Prior Lake: $ 281,000 which is up +4.1%

Richfield houses for sale: $ 183,750 which is up +5.0%

Savage: $ 255,000, which is up 6.5 percent

Shakopee: $ 205,000 which is up +5.3%

St. Louis Park houses for sale: $ 230,000 which is up +5.0%

Tonka Bay: $ 570,000 which is up +19.4%

Twin Cities area as a whole: $ 205,650 which is up +7.1 percent

The Yearly Twin Cities Home Marketplace Report summarizing 2014 was released two days past and says that: ” Though the speed of development is irregular across regions, cost grades and market sections, irresistibly supporting data sets a positive tone for 2015″.

“Two top strengths of the Twin Cities real estate market in 2014 were house costs and the higher amount of new listings, while new house building and placing stock amounts were its poorer points,” includes Thuening.

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About Residence Destination – Twin Cities Real Estate:



Home Destination provides a faithful and dedicated real estate professional service that personally manages all the details of selling or buying houses in Eden Prairie, Minnesota. Helping all home buyer kinds, from people trying to purchase their very first house to people buying investment properties, Jenna Thuening has the property expertise as well as acumen buyers and sellers gain from. Read the entire report on how house costs in the Twin Cities are rallying.

Contact:



Jenna Thuening



Web. http://ift.tt/1tAo3pR



E-Mail. jenna(at)homedestination(dot)com



Tel. 612 396 7832

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Associated Mls Realtor Press Releases

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