Million Dollar Homes "Sales Trends" Report for Hennepin County 2001-2010

By
Real Estate Agent with RE/MAX Results

There are currently 342 Single Family Homes that are Actively for Sale with list prices over $1,000,000 in Hennepin County.

How does that compare with with closed sales of the same category over the last 10 years? I think you might be surprised at the trends....

  • 2010 ~ 226 Homes Sold with the highest price being $5,100,000 (Originally listed at $6.25M) CDOM = 288.9
  • 2009 ~ 212 Homes Sold with the highest price being $8,850,000 (Originally listed at $10.25M) CDOM = 297.7
  • 2008 ~ 289 Homes Sold with the highest price being $4,500,000 (Originally listed at $4.95M) CDOM = 218.7
  • 2007 ~ 336 Homes Sold with the highest price being $12,250,000 (Originally listed at $14.9M) CDOM = 184.2
  • 2006 ~ 334 Homes Sold with the highest price being $17,500,000 (Originally listed at $18.0M) CDOM = 172
  • 2005 ~ 370 Homes Sold with the highest price being $5,900,000 (Originally listed at $6.9M) CDOM = 123.8 (est)
  • 2004 ~ 275 Homes Sold with the highest price being $7,000,000 (Originally listed at $7.1M) CDOM = 82.9 (est)
  • 2003 ~ 231 Homes Sold with the highest price being $5,000,000 (Originally listed at $6.3M) CDOM = 81.5 (est)
  • 2002 ~ 150 Homes Sold with the highest price being $4,250,000 (Originally listed at $5.2M) CDOM = 88.3 (est)
  • 2001 ~ 130 Homes Sold with the highest price being $5,600,000 (Originally listed at $5.9M) CDOM = 63.5 (est)

NOTE: CDOM stands for the average of proporties sold = Cumulative Days on Market, CDOM is estimated from 2001 to 2005, as the MLS only calculated DOM (Days on Market), which would not include previous listings of the same property in the same year

MLS Data compiled & provided above is deemed reliable, but not guaranteed

Take the RIGHT turn for all your real estate needs....

Stieg Strand

www.stiegstrand.com

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Minnesota Hennepin County
Tags:
hennepin county
lake minnetonka
eden prairie
minnetonka homes
million dollar
edina homes
stieg strand
real estate on lake minnetonka

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
421,926

Stieg Strand

Always showing up and working hard for you
I am ready to help you, just let me know how...
*
*
*
*