“Best Deals” on Lake Minnetonka & Lake Report – May 15

With Ice-Out declared on April 20th, just a little later than the median date of April 14th, the scramble is on to get the docks and boats in the water as temperatures push into the mid-70’s. However, with the water temp in the mid 50’s, a dip in the lake is sure to get your heart pumping. Check out the LM ice-out dates provided by the Fresh Water Society dating back to 1855 at https://freshwater.org/ice-out-dates-for-lake-minnetonka/

The Lake Minnetonka spring real estate market is off to a good start. YTD, 38 LM homes have Sold compared to 30 LY with a Median price of $1,187,500 (+9.4%) and Average price of $1,361,740 (-12%). With the current inventory of only 78 lakefront homes, it looks like both inventory and home prices are tracking pretty close to last year.

Now is your time to put a plan together to make your dreams of lakeshore living come true in 2019! I am only a “click” away from helping you find the perfect slice of Lake Minnetonka paradise. With interest rates still low, I expect 2019 to be another very good year.

Before you start your search, click on my “Welcome to Lake Minnetonka” video at https://youtu.be/xiN0jdoabi8.

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 www.homesnap.com/real-estate-agents/Conrad-Roal.

Featured Lakefront Property – 29 Fairhope Ave, Tonka Bay MN (Lafayette Bay)

Exceptional, fully renovated, Lake Minnetonka home in the heart of Tonka Bay. Private setting with gorgeous panoramic views of Lafayette Bay and lower lake. Every aspect of the comprehensive renovation reflects amazing attention to deal, high end finishes, and the newest home building technology. Professionally designed to create the warmth and charm of a Modern Farmhouse style home. By any measure, this lake home looks and feels like new construction. Minnetonka schools. Near Excelsior. Click on following link to view video and details. OPEN HOUSE Sunday, May 19, 12-3pm.

WATCH VIDEO: https://app.press-play.media/29-fairhope-ave-excelsior-4128/branded

Click the following link to view the MLS listing: 29 Fairhope Ave, Tonka Bay
https://matrix.northstarmls.com/DE.asp?ID=21543857056

 

“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=21562109623

Click the following link to view the listings: Top Picks $2.5m-$3m
https://matrix.northstarmls.com/DE.asp?ID=21562051083

Click the following link to see listings: Top Picks $2.0m-$2.5m
https://matrix.northstarmls.com/DE.asp?ID=21562024980

Click the following URL to see listings: Top Picks $1.5m-$2.0m
https://matrix.northstarmls.com/DE.asp?ID=21562009623

Click the following URL to see listings: Top Picks $1m-$1.5m
https://matrix.northstarmls.com/DE.asp?ID=21561964830

Click the following URL to see listings: Top Picks $700k-$1m
https://matrix.northstarmls.com/DE.asp?ID=21561942907

Click the following URL to see listings: Top Picks Under $700k
https://matrix.northstarmls.com/DE.asp?ID=21561910507

Click the following URL to see listings: Lakeshore Lots
https://matrix.northstarmls.com/DE.asp?ID=21562131392

Click the following URL to see listings: Deeded Access/Dock
https://matrix.northstarmls.com/DE.asp?ID=21561898188

Click the following link to view the listings: Condo/Town Home
https://matrix.northstarmls.com/DE.asp?ID=21562233830

2018 Lake Minnetonka Real Estate Highlights:

  • 142 lakefront homes sold in 2018 compared to 183 in 2017 (-22.5%)
  • Average price was $1,977,281 was up +22.3% surpassing the all-time high set in 2006.
  • Median price of $1,542,500 was up +28.5%

2017 Lake Minnetonka Real Estate Highlights:

  • 183 lakefront homes sold compared to 175 in 2016 (+4.6%).
  • Average price was $1,616,982 compared to $1,189,879 in 2016 (+35.9%)
  • Median price was $1,200,000 compared to $944,250 (+12.7%)

2016 Lake Minnetonka Real Estate Highlights:

  • 175 lakefront homes were sold compared to 153 in 2015 (+13.7%).
  • Average price was $1,192,608 compared to $1,349,175 in 2015 (-11.6%). Due to Sharp decline of upper bracket, $2M+, homes.
  • Median price was $945,000 compared to $900,000 in 2015 (+5.0%).

Conrad Roal

Agent / Assoc. Broker / Captain

Lake Minnetonka | West Metro | Minneapolis Lakes

Lakes Area Realty

37 Water Street, Excelsior MN 55331

Cell: 612-889-3051

Fax: 952-960-7970

Conrad@ConradRoal.com

www.LakeMinnetonkaBroker.com

www.ConradRoal.LakesAreaRealty.com