The City of St. Louis Park, MN Market Update
The MLS indicates that prices for the City of St. Louis Park, MN have increased for the month of December, and have declined year to date. The MLS indicates that prices for January (not shown) have decreased. This is for all types of properties that have sold within the City of St. Louis Park, MN.
The data for this market update is based on the above search criteria over the past 12 months, which was for the sale of split entry/level design homes.
The homes that were selected for this trend line were all newer construction condominium design homes that sold within the City of St. Louis Park, MN over the past 12 months; for the exact search criteria see the map above. This market analysis indicates that prices are considered to be increasing, as indicated by the chart above. This is opposite for what is happening for the overall market, as indicated by the MLS statistics above. Distressed sales (Bank REO's & Short Sales) still play a factor in the market, and make-up approximately 75% of the sales. The decline in inventory levels (47%) and will have an impact on values.
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