“Best Deals” on Lake Minnetonka & Lake Real Estate Report – Happy Thanksgiving!

Happy Thanksgiving!  

As the summer real estate market starts winding down, the fall season is a great time to shop for a “deal” on the Lake as weary sellers contemplate the end of the selling season. There is still time to put a plan together to make your dreams of lakeshore living come true. Before you do, be sure to view my Welcome to Lake Minnetonka YouTube Video at https://youtu.be/xiN0jdoabi8.

Active listings continue to be very tight with only 82 Lake Minnetonka homes with another 8 moved to TNAS (Temporarily Not Available For Show). Be sure to view homes in the TNAS status as many are simply taken off the market for the winter months and still available for sale.

A total of 129 lakefront properties have SOLD YTD compared to 162 last year reflecting the low inventory. The Median price of $1,535,000 is up 28% to LY. The Average price of $1,984,451 is up 25% YTD and has now surpassed the historic high of $1,801,984 set in 2006. I find it interesting that YTD, 16% of all lakefront properties sold for over $3m compared to only 9% LY.

With the 2018 real estate market starting to wind down, now is your time to make your dreams of lakeshore living come true! I am only a “click” away from helping you find the perfect slice of Lake Minnetonka paradise. For those looking for a summer cottage or a upper bracket home on the Lake, be sure to click on the safe MLS links below to view my "Best Deals" of all active listings under $5m including townhome, condo, and lakeshore lots.

Call now for a customized home search specific to your criteria or listing consultation. I offer a professional listing package at a competitive commission rate. Contact me for additional information about the Lake including water quality, quality of shore, municipalities, and schools. Be sure to check out my website at www.LakeMinnetonkaBroker.com. Looking for a GREAT app to help you in your home search? Simply copy and paste the link below to your browser to download the HomeSnap app. http://www.homesnap.com/real-estate-agents/Conrad-Roal.

“BEST DEALS” on Lake Minnetonka … Few know it as well. No one knows it better!  A Lake Minnetonka resident for over 30 years.

Click the following link to view the listings: Top Picks $3m-$5m
https://matrix.northstarmls.com/DE.asp?ID=20890478078

Click the following link to view the listings: Top Picks $2.5m-$3m
https://matrix.northstarmls.com/DE.asp?ID=20890463595

Click the following link to see listings: Top Picks $2.0m-$2.5m
https://matrix.northstarmls.com/DE.asp?ID=20890446645

Click the following URL to see listings: Top Picks $1.5m-$2.0m
https://matrix.northstarmls.com/DE.asp?ID=20890436421

Click the following URL to see listings: Top Picks $1.0-$1.5m
https://matrix.northstarmls.com/DE.asp?ID=20890378334

Click the following link to view the listings: Top Picks $700k-$1.0m
https://matrix.northstarmls.com/DE.asp?ID=20890366291

Click the following URL to see listings: Top Picks Under $700
https://matrix.northstarmls.com/DE.asp?ID=20890351445

Click the following URL to see listings: Lakeshore Lots
https://matrix.northstarmls.com/DE.asp?ID=20890556448

Click the following URL to see listings: Deeded Access – Dock
https://matrix.northstarmls.com/DE.asp?ID=20890507257

Click the following link to view the listings: Condo/Town Homes
https://matrix.northstarmls.com/DE.asp?ID=20890486847

Click the following link to view the listings: TNAS
https://matrix.northstarmls.com/DE.asp?ID=20890786256

As previously recapped, the 2017 LM real estate market was impressive. A total of 182 single family lakefront properties SOLD compared to 175 last year. The Median price of $1,192,608  was up +26%. The Average price of $1,605,293 was up +35%.

Conrad Roal

Agent / Assoc. Broker

Mpls Lakes l West Metro l Lake Minnetonka

Lake Minnetonka Resident For 30+ Years

Lakes Area Realty

Cell: 612-889-3051

Fax: 952-960-7970

Conrad@ConradRoal.com

www.LakeMinnetonkaBroker.com 

2013-2018 Super Real Estate Agent by Mpls.St.Paul Magazine and Twin Cities Business Magazine