“Best Deals” on Lake Minnetonka & Lake Real Estate Report

Yikes … what happened?  

For those trying to enjoy the Lake, it’s been a hard transition into fall with unusually cool and wet weather. This may be peak week as the leaves start to show off their brilliant colors. Enjoy the change of seasons while you can … whether it be on Lake Minnetonka or your favorite fall retreat.

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: https://youtu.be/xiN0jdoabi8.

Inventory of available homes for sale continues to be very tight with only 82 Lake Minnetonka homes slightly lower than LY. A total of 104 lakefront properties have SOLD YTD compared to 138 last year reflecting the low inventory. The Median price of $1,497,450 is up 26.2% to LY. The Average price of $2,058,970 is up 25.5% 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=20787086243

Click the following link to view the listings: Top Picks $2.5m-$3m
https://matrix.northstarmls.com/DE.asp?ID=20787053243

Click the following link to see listings: Top Picks $2.0m-$2.5m
https://matrix.northstarmls.com/DE.asp?ID=20787020989

Click the following URL to see listings: Top Picks $1.5m-$2.0m
https://matrix.northstarmls.com/DE.asp?ID=20779175165

Click the following URL to see listings: Top Picks $1.0-$1.5m
https://matrix.northstarmls.com/DE.asp?ID=20787162614

Click the following link to view the listings: Top Picks $700k-$1.0m
https://matrix.northstarmls.com/DE.asp?ID=20779104694

Click the following URL to see listings: Top Picks Under $700
https://matrix.northstarmls.com/DE.asp?ID=20779080656

Click the following URL to see listings: Lakeshore Lots
https://matrix.northstarmls.com/DE.asp?ID=20787158727

Click the following URL to see listings: Deeded Access – Dock
https://matrix.northstarmls.com/DE.asp?ID=20779003099

Click the following link to view the listings: Condo/Town Homes
https://matrix.northstarmls.com/DE.asp?ID=20779028085

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