Minnetonka Real Estate - Early 2020 Outlook
Follow Market Trends - Consider the Possibilities - Make Great Decisions
Minnetonka ranks as one of the Top 100 Best Places to live (as ranked by Money Magazine) and home values reflect that. Looking at the month of January over the last few years, Minnetonka homes values have seen fantastic appreciation with a 19.3% increase in median home prices since January 2016.
Homes on the market in Minnetonka are currently receiving 98.7% of original list price, indicating strong offers from buyers which we expect to remain high in the coming weeks. Minnetonka median home prices are up 6.8% since January of 2018.
Given the numbers we are seeing, with the added "fuel" of record low mortgage interest rates we expect early 2020 in Minnetonka to be a VERY strong sellers market, and an excellent time to buy as well!