A leader in luxury real estate known for in-depth market insight, concierge-level service, aggressive marketing, thoughtful discretion, and skilled negotiation
ACQUIRED for $6.25 MM, in the Cottagewood neighborhood of Deephaven, along one of Lake Minnetonka's finest stretches of sandy, zero entry beach https://t.co/cU8mviFkQS
SOLD in 37 days for $2.777 MM, 99.3% of list price, a RECORD SALE for Maple Grove Schools.
5160 Juneau Lane N
Plymouth, MN 55446
Home Value: https://t.co/oOnT1V93Ry
SOLD Portfolio: https://t.co/eu7QmSQu2r
The Listing: https://t.co/T9UhZiHoGL
Listing Agent: @nickleyendecker
The spring seasonal tailwinds almost always bring home prices up from their winter downturns and this spring is no different in that regard as the Twin Cities' median home price moved up 3.6% in April. What is different this year, is that for the first time since 2011, home prices were down YOY in April. The higher interest rate regime which began in January of 2022, has caused a significant contraction in sales volume (this is the lowest sales volume we've had in April since 2008) and put a dampening on the bidding wars. With record low inventory, home prices are holding up but this market is not likley to have enough steam to take out the June highs from 2022. If that forecast turns out to be correct, this will mark the end of an epic, 11 year bull market that caused home prices to rise 133%.
https://t.co/Hh1eDoKbBg
Despite higher mortgage rates and declining sale volume, Twin Cities' home prices held bullish trend through the winter phase of the seasonal cycle https://t.co/m43FzE1771