The average sales price over the last 12 months was $328,573 (up 6% from the previous 12 months) for an average of 42 days on the market. The better news - if you are thinking of selling your home - is that these sellers received on the average of 99% of their asking price! If you have any questions about why this happens, you are welcome to contact me and I will be happy to share this information with you.
Just know that this market here is getting to be more uniform, but leaning towards a buyer's market. The sellers - if aggressively priced - are experiencing below-average market times. But if you are in MG and trying to "push the envelope" for an extra $10,000 above the true market value of your home, you will be passed by because are a lot of homes for sale here and not enough buyers to purchase all of them. The buyers have a nice advantage because the home prices are not increasing substantially since the general sales curve in the city has slowed down a bit. Yet with a 6% appreciation factor, the investment in Maple Grove is strong. Again, you need to have a SOLID market evaluation and hold your selling price to this amount.
If you would like a free, no-obligation market analysis done for you by a truly knowledgeable and competent realtor . . . just call me!
ZIP Codes: 55369, 55311
Location Characteristics: The city of Maple Grove has a population of approximately 56,000 and sits in the north central portion of Hennepin County where I-494, I-694 and I-94 converge. Downtown Minneapolis? Only 20 minutes if you're not in rush hour! For more information on the city of Maple Grove you can visit this site: www.ci.maple-grove.mn.us .
