Minneapolis MN Real Estate

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The “City of Lakes” is all of that, plus a winner for Frommer’s Top Ten Travel Destinations for 2007. Noted for its gorgeous parkways along lakes, creeks, and riverfront, it is also celebrated as a cutting-edge cultural community. The fine arts community is characterized by the avant-garde architecture of the buildings like the gun-blue steel Guthrie Center, the Walker Art Center, or the provocative design of the Weisman Art Museum or the University of Minnesota.

Buying Real Estate in Minneapolis

Keep in mind that some of the other winners in that list included Tokyo, and even Ethiopia of all places. Sure, New York, Los Angeles, and Chicago frequently appear in lists like this, too. But would you really want to live in any of those places? Who wants three-digit monthly parking fees, non-stop traffic jams, or a 12.00 movie ticket?

Minneapolis is one of those rare places that would be good to visit and live in. In fact, Forbes Magazine called Minneapolis one of the “most affordable places to live well.” Minneapolis houses are affordable, basic commodities are affordable, and there is plenty of outdoor recreation and abundance of culture, and real estate is found at an affordable price. . Add the low crime rate, clean air, clean streets, professional sports, an over-abundance of golf courses, and a robust economy and you have all of the ingredients to make a high-quality life here.

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Not surprisingly, we are seeing a large number of “snowbirds” coming back to roost permanently in Minneapolis. They are trading their Arizona and Florida properties back for Minneapolis homes and the Minneapolis lifestyles. Sure, the winters are harsh. But they don’t seem to be as cold as they used to be, and with plenty of things to do in the winter and three other beautiful seasons, it is a good trade-off. The affordable Minneapolis real estate market here is a bonus, too. According to Forbes, last quarter data shows that 61% of Minneapolis homes were available to the median household earner. All of the brou-ha-ha about a soft Minneapolis real estate market is turning out to be just a “tempest in a teapot.” Since 1950, on average, Minneapolis homes have appreciated 5% per year. A warranty deed to a Twin Cities home is NOT a stock certificate, thank God. You can’t do “day trading” with your house very well, but most home owners here have found that they don’t have to live here very long to come out ahead on their home purchase. Besides, those guys that day-trade wit stocks are getting clobbered. Demographics, a vibrant and diverse economy, plus the coveted lifestyle here will continue to be the foundation of the Minneapolis real estate market, both now, and in the future.

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Right now, Minneapolis REALTOR can find a whopping 2331 single family homes for sale on the Minnesota MLS The average asking price for a Minneapolis home is just a modest $242,521. In fact, there are almost 2,000 single family houses priced under $300,000! The vintage craftsman foursquare homes with mission style wood work, and the charming bungalows with built-in buffets, oak floors, and oak pillars can even be found in this price range. The affordable high-quality housing was a big factor in pushing Minneapolis to the top ten of Forbe’s list.

Minneapolis Luxury Homes

Cross the $1M line, and you can really live “high off the hog.” This kind of money will get you a lot of house. You will find Edwardian style homes with leaded glass, turrets, stained glass, Tiffany-style french doors, wrap-around porches, a grand colonial with a skyway to the garage, an eight bedroom home on Mount Curve, or an historic estate on Lowry Hill. Minneapolis lake homes can be found overlooking Lake Harriet, Lake of the Isles, or Lake Calhoun. With hundreds of lakes in the metro area, you should not have any trouble fining your Minnesota lake home right in town. There are also some Victorian gems to be found alongside the verdant scenery of Minnehaha Parkway and West Misssissippi Boulevard.

If you don’t the want vintage architecture, check out some upscale contemporary homes. Some of these might include a brand new Minnesota Greenstar home in the Calhoun area, a Kenwood executive home just steps from Lake of the Isles, or a Prairie style two story close to Uptown.

Minneapolis Townhomes and Condos

With over 1200 Minneapolis condos and townhomes for sale on the Minneapolis MLS, you might think the sky really is the only limit, especially if you check out some spectacular skyline penthouses overlooking downtown Minneapolis and the Mississippi River. If you are just starting out or scaling back, you can simplify your life in style with a nice condo at Franklin Station, a garden level condo in Ridgewood, a stylish loft in the old Sears Building, or a brand new loft on Park Avenue in South Minneapolis. You will also find that there are many great condo conversions to choose from. Many of these sport the finest upgrades like bamboo floors, stone floors, granite countertops, sky-high ceiling, or mahogany woodwork. After seeing a few of these, you will quickly realize that the builders and renovators are trying to outdo one another with extra amenities, quality craftsmanship, and stylish design. The prices are competitive, too!

Minneapolis REALTOR

Whether you are relocating to Minneapolis or simply moving to the other town, in many ways, your needs are the same. You need a Minnneapolis real estate agent who knows the specific neighborhoods, knows the market, and knows the re-sale history for the specific niche market of a home you are considering for purchase. Work with a seasoned Minneapolis real estate agent who has a passion for customer satisfaction. Please call me at 952-220-6488 to get a free buyer consultation. Sure, there are plenty of homes to look at on the internet. There are plenty of choices out there too. But they are not all good choices. Get expert representation from an agent who will talk straight about the value of a house or the condition of the local market. Remember: the real estate agent named on the sign in the yard is representing the seller, not you! Get someone who will really dig up pertinent information you need to make this important decision. There are plenty of financing options out there too, and the mortgage guidelines are changing too. Sure, the underwriting standards are a bit stricter, but they are not nearly as bad as the sensationalized media reports would have us believe. The high number of home sales to earners with a median income indicates that most of you can buy a home in Minneapolis. The rates are great, and the Minneapolis real estate inventory is large. You might not ever see a better time to buy a home in your entire lifetime.

Are you thinking of selling a home in Minneapolis? Please request a free market analysis of your home. I work hard to stay visible to a large referral base, and I work hard keep up with the top marketing techniques without losing sight of the importance of direct contact, professional networks, and personal relationships.

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