Aug 7, 2007
This post is for my fellow Lynnhurst Residents. The market in our neighborhood is still strong. The 55419 zip code is showing continued growth over this time period last year. The average house price rose to $373,400 which is a 7.11% increase over Q1, 2006. Lynnhurst Values and the 55419 zipcode remain at the top of the list of Southwest Minneapolis Neighborhoods for average price and home value appreciation.
The number of homes sold in the 55419 zip code for Q1 2007 was 95, which was down 5% from the same time period last year. The average market time is 63 days and the the percentage of asking price that Lynnhurst Home Sellers are seeing is steady at 97.3% (Meaning that sellers are getting an average of 97.3% of their asking price.)
Lynnhurst edged out SW Mpls competing neighborhood, Linden Hills (55410), where the numbers were strong, but not enoough rank the top neighborhood in the highly desirable SW Mpls area.
Too see more data by zipcode, click on RMLS Quarterly Report and search the county and zip code that applies.
Where is Lynnhurst? It's boundaries are 46th St W down to 54th St W and from Penn Ave to Lyndale Ave. Other neighborhoods that are included in the 55419 zip code are Tangletown, Kenny, Kingfield and East Harriet. (Some parts of these neighborhoods are also in other zip codes)
See current active Lynnhurst Real Estate Listings online at WebDigs.com or call me at 612-327-8303. READ MORE ABOUT SOUTHWEST MINNEAPOLIS in a Minneapolis Star Tribune Article By Jim Buchta titled, "Hot Spots in a Cold Market." that was published Sunday Aug 4, 2007.
For questions online, you can also email me at TomMeckey@WebDigs.com
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