An Infographic

Clicking on this link will show the trend for home prices in the various areas of Minneapolis.

I found it easier to make a large image versus embedding it in this blog post.

To get a better idea on what the Housing Market in Minneapolis is doing I've links to recent blog posts I've written.

• Linden Hills Real Estate Outlook
• Minneapolis' Balanced Market - An Infographic
• Minneapolis' Balanced Market
• Minneapolis Lakes Real Estate

Home Prices in the Linden Hills Neighborhood of Minneapolis have performed very well during the Housing Down Turn.

Out of all of the neighborhoods in Minneapolis Linden Hills may be one of the most popular locations. It also benefits from being the border to Lake Calhoun, Lake Harriet and Edina, Minnesota, a popular Minneapolis Suburb.

Linden Hills also operates much like a small town with local businesses and services along France Avenue and majoring shopping and Highway Access nearby. 50th and France is also a popular dinning and shopping area for Linden Hills residents.

As you can see in the chart above prices have appreciated 15% from 2002 to 2006 and 20% from 2002 to the present. The Median Sale Price in the chart above is a twelve month average.

The chart below illustrates the inventory and price trends over the last ten years.

Since the Fall of 2011 the Median Sale Price has been improving while inventory has been falling since the Fall/Winter of 2010. Linden Hills has been trending in a Balanced Market since August 2011.

[Linden Hills Minneapolis Homes for Sale

Before I get too far into this post I should point out the blog posts were I've mentioned which communities in the Twin Cities Housing Market have a Balanced Market.

• Plymouth
• Saint Paul
• List of Communities with Balanced Market
• List of Communities with a Seller's Market - Really? Yup.

In the chart to the right we can see how many months the City of Minneapolis has been in a Balanced Market. In March 2011 we saw the first indication of a possible turnaround for Minneapolis and as the year progressed things continued to improve with 2012 starting at 6.27 Months of Inventory.

In this next chart we see the 12 month moving average, which shows Minneapolis nearing a Seller's Market, which would be five months or less.

In the chart below we can see what direction the trend lines have been moving for Months of Inventory and the Median Sales Price for the City of Minneapolis.

In this last chart we can see how home prices have performed in each area of Minneapolis.

Homes Prices in the Southwest Area of Minneapolis, which happens to be one of the most desierable areas of Minneapolis, appreciated 13% since 2002 and fell 7% since 2006.

The worst performing areas since 2002 would be the Camden Area at 65% and the Near North Area at 63%. Since 2006 the Near North Area fell 74% while Camden fell 71%.

[gravityform id="3" name="Market Report Order Form"]

Homes for Sale in Minneapolis

3 Ways To Find homes in Edina

There are a few different ways to find homes for sale in Edinathat people use when buying a home. As most home buyers begin their search for their dream home on the web, I am finding that far too many miss out on all of the possible opportunities to search for the right home. In this post I’ll share with you the benefits and challenges to each of the methods for finding homes for sale in Edina.

Finding Edina homes For Sale On The Internet

One of the first places to start is to go to my website to search for all of the available homes from all of the local brokers, with all of the details posted to the MLS. The large national search engines leave out many of the most important details such as property taxes of the home. However when buying a home factors such as property taxes are one of the biggest factors in determining the size of your monthly payments so why would anyone want to look for Edina homes on websites that are missing such an important detail? Please take a moment to visit my website and begin your search for Edina homes listed on the market today.

Search for Edina homes Via Email

If you are currently searching for a Edina homes, let's talk about the specifics of the type of home you want. I will create an advanced search that will show you not only what is on the market via email, but also what listings have just become available. You will be instantly notified via email with new property listings that meet your advanced search critieria when they become available on the market. Because I will need to know the paramaters of what you are searching for (i.e. 4 bedroom homes in Edina between $175,000 and $225,000), please send me a brief email so we can begin the process of finding you a home!

A little education goes a long ways, does it not? If you can get exactly what you need via email such as my customized search why wouldn't you want it? The strategy of Luck and Guesswork involves searching for properties the large national websites which don't contain all the property details. Without a customized approach to searching for the house that you want to buy, I find that far too many home buyers rely on the strategy of Guesswork and Luck offered by the large national websites.

Conveniently located in Hennepin County, Edina is a beautiful first-ring suburb of Minneapolis. As a fully established community, the population has remained stable at around 47,000 over the past 40 years. While large employers such as Jerry's Foods and Fairview Southdale hospital are here, many residents enjoy an easy 20 minute commute to downtown Minneapolis. While often considered one of the most affluent communities of the Twin Cities, MN first time home buyers may be interested in one of the Edina's downpayment assistance programs which offers up to $60,000 to qualified buyers. If you are interested in buying or selling a home in Edina please give me a call.

First Step: Get Preapproved a Edina First Time Home Buyer Loan

One of the most important factors in buying a home these days is to get preapproved for a loan. Some buyers leave this detail it to the very last minute because it is the least fun part of the entire home buying process. But it’s very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please email me and I will help you with getting started in the process with a Minnesota mortgage banker.

Looking For Edina homes?

Please take a moment to understand the strategy you are using to search for possibly the largest investment that you will ever make. I highly encourage home buyers to be proactive and to take control of the property search strategy! Please visit my website and find all of the available Edina.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.