The Minneapolis Area Association of REALTORS® (MAAR) reports the top ten per cent bracket among closed home sales in the Twin Cities metro area for the last six months to be $450,000 and up. In other words, a closed sale in excess of $450,000 ranks among the top ten per cent of residential closed sales in our market for the past six months.
The closed sales statistics were compiled for the period between April 1, 2007 and September 30, 2007. The $450,000 top-bracket figure compares with a figure of $490,000 for the previous six months ending March 31, 2007.
The most recent closed sales figure suggests that there remains plenty of strength in the upper-bracket market in the greater Twin Cities metropolitan area, particularly in areas like Lake Minnetonka, Edina, the Kenwood (Calhoun-Isles) district in Minneapolis and in Stillwater. While the actual number of sales is certainly down from a year ago, the market strength of the top ten per cent segment has continued to be impressive.
Copyright © 2007 by Eric Kodner, All Rights Reserved
Comments(6)