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Anatomy of a Real Estate Sale Over One Million Dollars - Greater Minneapolis & Saint Paul Area Market Report
 
Anatomy of a Real Estate Sale Over One Million Dollars
 
In the areas served by our area Multiple Listing Service, sales over a million dollars are relatively few, particularly when compared to markets like San Diego, Manhattan (NYC), Boston or San Francisco. 
Our closed sale on Madeline Island last week inspired me to do a search of recent sales in excess of $1 Million. That residential listing appeared on RMLS (NorthstarMLS) in Minnesota and Western Wisconsin.
Listings on RMLS generally include the greater Minneapolis and Saint Paul metropolitan area, but also include some listings in outstate Minnesota and in Western Wisconsin, across the border to the east.
 
Here are a few statistics on recently closed sales in the "upper brackets" from RMLS of Minnesota and Western Wisconsin:
 
Since January 1 of this year, twenty-six homes have sold in our MLS (and cooperating areas) for $1.4 Million or more.  
There were twenty-two agents/companies involved in listing and marketing those twenty-six homes.  
Our MLS has over 13,000 member real estate professionals.  Twenty-two listing agents who successfully closed a sale in this segment of the real estate market represents .00169 of all the real estate agents participating in RMLS.  
In other words, about 1.7 per thousand agents in our MLS listed ... more

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