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Home prices are within reason: The typical three-bedroom, two-bath house goes for $350,000. The city's main school district is ranked among the top three in the state, and for culture, Plymouth's open-air amphitheater, the Hilde Performance Center, hosts numerous summer concerts. Residents are a quick drive from the Mall of America, the nation's biggest mall. And did we mention the outdoors? Plymouth boasts more than half a dozen sizable bodies of water. Of course, this being Minnesota, winter can be brutal: January's average low temperature is about 13°F. But when the mercury plummets, the locals get busy. In February the city hosts a Fire & Ice Festival that includes mini-golf, bowling and basketball - all right on the ice. We will find you a lake property in Minnesota or Wisconsin. Steve vennemann Boardwalk premier realty INC 651-334-8312 MINNESOTA LAKE PROPERTIES-MN HOMES-CONTRACT FOR DEEDS-WISCONSIN NEW CONSTRUCTION-CABINS- RESORTS-TOWN HOUSES-CONDOS-FORECLOSURES-HUD HOMES-RENTALS-FORE SALE BY OWNER-Big Marine lake mn-White bear lake mn, forest lake mn http://www.Mnhomescontractfordeed.com http://www.mnlakehomescontractfordeed.com
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FinancialCity statsBest places avg.
Median family income
(per year)$111,631
$93,313
Family purchasing power
(annual, cost-of-living adjusted)$93,650
$84,802
Sales tax
6.65%
6.60%
State income tax rate
(highest bracket)7.85%I
5.22%
State income tax rate
(lowest bracket)5.35%I
2.42%
Auto insurance premiums
(Average price quotes, for the state)$1,590
$1,854
Job growth %
(2000-2007)7.89%
18.60%
HousingCity statsBest places avg.
Median home price
$288,950
$293,712
Average property taxes
(2007)$4,526
$4,072
See Plymouth homes for sale
See million-dollar homes
EducationCity statsBest places avg.
Colleges, universities and
professional schools (within 30 miles)27
40
Junior colleges and
technical institutes (within 30 miles)27
20
Test scores reading
(% above/below state average)31.6%
17.3%
Test scores math
(% above/below average)33.2%
16.6%
% students attending public/private
schools (located within town limits)88.9/9.1
89.5/10.5
Quality of lifeCity statsBest places avg.
Air quality index*
(% of days AQI ranked as good)70.1%
76.0%
Personal crime incidents (per 1,000)
23
2
Property crime incidents (per 1,000)
N.A.3
25
Median commute time
(in minutes)21.0
23.0
% population with commute
45 mins. or longer7.6%
15.8%
% population walk or bike to work
1.8%
3.0%
Leisure and cultureCity statsBest places avg.
Movie theaters
(within 15 miles)66
51
Restaurants
(within 15 miles)3,362
4,141
Bars
(within 15 miles)324
338
Public golf courses
(within 30 miles)281
242
Libraries
(within 15 miles)104
90
Museums (accredited by AAM;
within 30 miles)4
11
Ski resorts (within 100 miles)
14
13
Arts funding (Dollars per person of state funds spent on arts)
2.1
1.5
WeatherCity statsBest places avg.
Annual rainfall
(inches)29.81
36.31
% clear days in the area
26
30
High temp in July ° F
83.2°
87.8°
Low temp in Jan ° F
3.7°
22.9°
Health*City statsBest places avg.
Has health plan
(% of residents)91.2%
88.2%
Body mass index (avg. for residents)
26
27
Diabetes rates
(% of residents diagnosed)8.0%
9.6%
Hypertension rates
(% of residents diagnosed)25.4%
27.3%
Meet the neighborsCity statsBest places avg.
Median age
37.8
36.0
Completed at least some college
(% of residents)83.3%
73.6%
Married
60.8%
57.5%
Divorced
8.0%
8.3%
Racial diversity index
(100 is national average; higher numbers indicate greater diversity)49.7
104.0
Amount spent on vacations
(domestic and foreign, household avg. per year)$8,528
$8,012
* County data
** State data
(3) Crime incidences are estimates based on FBI 2006 Universal Crime and incidence reports, OnBoard analysis.
(I) Income tax notes:
17 states have statutory provision for automatic adjustment of tax brackets, personal exemption or standard deductions to the rate of inflation. Massachusetts, Michigan, Nebraska and Ohio indexes the personal exemption amounts only.
The tax brackets reported are for single individual. For married couples filing jointly, the same rates apply for income under $31,150 to over $123,751. A 6.4% AMT rate is also applicable.
These states allow personal exemption or standard deductions as provided in the IRC. Utah allows a personal exemption equal to three-fourths the federal exemptions.
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| Bitma | 2007 Plymouth District 281 Real Estate Analysis | Bitmap Bitmap | |||||||||||||
| Single Family Homes Previously Owned Property | |||||||||||||||
| David A. Cohen | 612-819-4077 | ***All Data taken from Northstar MLS | . All Information Reliable but not guranteed.*** | ||||||||||||
| Zip Code | School District | Price Range | ASP '06 | ASP '07 | % Change | # sales '06 | # Sales '07 | % Change | DOM '06 | DOM '07 | % Change | CDOM'06 | CDOM'07 | % Change | |
| 55441 | 281 | 200k-300k | $266,333 | $268,660 | 0.87% | 23 | 20 | -1% | 51 | 68 | 33% | 60 | 136 | 126% | |
| 300k-400k | $339,252 | $332,633 | -2% | 29 | 18 | -4% | 58 | 67 | 16% | 82 | 89 | 9% | |||
| 400k-500k | $451,200 | $424,722 | -6% | 9 | 9 | 0 | 29 | 70 | 141% | 40 | 136 | 240% | |||
| 500k-600k | $535,458 | $531,613 | -0.71% | 3 | 8 | 2% | 69 | 71 | 3% | 130 | 161 | 24% | |||
| 600k-700k | $615,000 | 0 | NA | 1 | 0 | NA | 11 | NA | 0% | 11 | 0 | 0% | |||
| 800k-900k | $0 | $807,500 | 100% | 0 | 1 | 100% | 0 | 11 | 0% | 0 | 11 | 0% | |||
| 900k-1M | $0 | $905,000 | 100% | 0 | 1 | 100% | 0 | 26 | 0% | 0 | 26 | 0% | |||
| Total Averages | $342,248 | $371,026 | 8% | 65 | 57 | -12% | 51 | 66 | 29% | 71 | 123 | 73% | |||
| 55442 | 281 | 100k-200k | 0 | $190,000 | 100% | 0 | 1 | 0% | 0 | 32 | 0% | 0 | 32 | 0% | |
| 200k-300k | $275,864 | $278,838 | 1% | 18 | 13 | -27% | 68 | 61 | -10% | 188 | 150 | -20% | |||
| 300k-400k | $339,619 | $341,025 | 0.41% | 33 | 27 | -12% | 42 | 48 | 13% | 78 | 98 | 25% | |||
| 400k-500k | $442,346 | $444,400 | 0.46% | 9 | 5 | -44% | 66 | 83 | 25% | 195 | 114 | -46% | |||
| 500k-600k | $530,667 | $539,875 | 2% | 3 | 4 | 0.13% | 103 | 57 | -45% | 227 | 207 | -9% | |||
| 600k-700k | $675,000 | $0 | 0% | 1 | 0 | 0 | 63 | 0 | 0% | 63 | 0 | 0% | |||
| 800k-900k | $0 | $0 | 0% | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 0% | |||
| 900k-1M | $935,000 | $0 | 0% | 1 | 0 | 0 | 58 | 0 | 0% | 58 | 0 | 0% | |||
| Total Averages | $359,325 | $348,082 | -3% | 65 | 50 | -23% | 56 | 55 | -0.16% | 120 | 120 | 0% | |||
| 55446 | 281 | 100k-200k | $0 | $0 | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0% | |
| 200k-300k | $267,633 | $269,320 | 0.63% | 6 | 5 | -16% | 19 | 51 | 168% | 58 | 129 | 122% | |||
| 300k-400k | $376,667 | $374,600 | -0.55% | 3 | 1 | -66% | 47 | 3 | -94% | 62 | 3 | -10% | |||
| 400k-500k | $451,475 | $462,950 | 3% | 4 | 4 | 0 | 43 | 26 | -39% | 98 | 26 | -73% | |||
| 500k-600k | $553,000 | $524,250 | -2% | 2 | 2 | 0 | 45 | 42 | -7% | 245 | 42 | -83% | |||
| Total Averages | $376,513 | $385,125 | 2% | 15 | 12 | -20% | 50 | 37 | -26% | 128 | 76 | -40% | |||
| All District 281 | 100k-200k | $0 | $190,000 | 0 | 0 | 1 | 100% | 0 | 32 | 0 | 0 | 32 | 0% | ||
| 200k-300k | $266,613 | $269,152 | 1% | 55 | 41 | -25% | 58 | 66 | 14% | 104 | 143 | 38% | |||
| 300k-400k | $341,165 | $338,471 | -0.78% | 65 | 46 | -29% | 50 | 55 | 10% | 79 | 94 | 19% | |||
| 400k-500k | $447,628 | $438,683 | -2% | 22 | 18 | -18% | 47 | 64 | 36% | 125 | 106 | -15% | |||
| 500k-600k | $538,047 | $532,921 | -1% | 8 | 14 | 75% | 76 | 63 | -17% | 212 | 157 | -26% | |||
| 600k-700k | $645,000 | $0 | 100% | 2 | 0 | -100% | 37 | 0 | 0% | 63 | 0 | 0% | |||
| 800k-900k | $0 | $807,500 | 100% | 0 | 1 | 100% | 0 | 11 | 0% | 0 | 11 | 0% | |||
| 900k-1M | $935,000 | $905,000 | -3% | 1 | 1 | 0% | 58 | 26 | -55% | 58 | 58 | 0% | |||
| District 281 Averages | $347,821 | $359,546 | 3% | 153 | 122 | -20% | 54 | 60 | 11% | 102 | 119 | 17% | |||
Key:
ASP = Average Sales Price DOM = Days on the Market CDOM = Cumlative Days on Market with in a 12 month period
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I have recently compiled year end statistics for the Plymouth Real Estate Market and have made some observation. The Media, The Realtor Associations', the Public, and even Realtors are making sweeping generalizations about the state of the Real Estate Market. People have tendency to make sweeping statements. First let's look at the MEDIA.
The Media has helped exacerbate the public's perception of the downward spiraling of the Real Estate market. I remember in 2005 the media describing the market as tanking and sales were down 1%. Like it or not the Media is in the business of selling papers and "Hype," especially with a negative spin sells lots of papers. 1999-2005 were record setting years. The reality of the REALTY is that 1% off a record year is pretty good! In fact 2006 was the 3rd best year in the last 20 years of our market in Minnesota. The Media fails to tell the public that Real Estate like any investment fluctuates like any market (like Wall Street.)
Consider this example: Joe buyer purchases his home for 270k in 2000. His home is worth 370k in 2006. In 2008 his home is now sells for 345k. Did Joe lose money? In reality he did not. Joe will net almost a 48k PROFIT after paying a 7% commission to sell his property for highest price a buyer will pay in this market.
His original investment was 62,000 (20% Down Payment & 3% Closing Costs) and his return on investment was 77.4% over 8 years or 9.6% a year TAX FREE! Unless Joe has a miracle worker for a Financial Planner, I highly doubt Joe could have had that return on Wall Street same time period. How is that losing money?
Now if Joe went and refinanced and bought himself vacations, cars, and clothing that has nothing to do with the value of his property, the fact he spent his equity. That has to do with Joe's fiscal choices that might not have been the wisest and fiscally responsible.
The Media never talks about the fact your home is still worth more than you paid for it 4 years ago. The problem is that everyone thought the Appreciation train would keep running at over 5% a year. And that is not in the world of Reality!
The Media only focuses on the cases of FISCAL IRRESPONSIBILITY & FISCAL INCOMPETICY due to consumer ignorance or lack of education and unfortunately Lack of Professionalism in the Mortgage & Real Estate industry.
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