The city of Maple Grove is the home of famed Wayzata #284 school district, which is one of the highest ranking school districts in this state and why many families desire to live here. Being one of the fastest growing communities in the metro area, the real estate market in Maple Grove is a very hot one. You will find a lot of upper bracket homes and one of the largest inventories of town homes in the city.
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 .
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