Best Deals on Lake Minnetonka & Real Estate Report - Nov 2023

Dated: November 19 2023

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With the Holiday Season soon upon us, Lake Minnetonka prepares for its winter slumber after a gorgeous fall season. 

YTD, 103 lakefront properties have sold on Lake Minnetonka compared to 121 last year (-15%) with a median price of $2,250,000 (+17% LY) and average price of $2,747,000 (+7% LY). Though the number of homes sold declined, both the median and average price sold are at record highs. Interesting to note that 59% of the LM homes sold YTD have been cash deals. 

The Current inventory of 44 lakeshore homes is much higher than LY and heavily weighted with upper bracket homes. With good late season inventory, and interest rates moving lower, now is the time to make your move.

As the Lake Minnetonka real estate market goes into its winter slumber, now is your time to put a plan together to make your dreams of lakeshore living come in 2024. I am only a “click” away from helping you find the perfect slice of Lake Minnetonka paradise.  Before you start your search, click on my “Lake Minnetonka Buyers & Sellers Guide” 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 including townhome, condo, and lakeshore lots.

Call now for a customized home search specific to your criteria or listing consultation. Thinking of making a move, I have a plan. I offer a professional listing package at a below market 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. 

Featured Listing - SOLD

2248 Orwell Court N. Stillwater, MN

Extraordinary Stillwater home with amazing panoramic views of the St. Croix River valley. This beautiful 2-story home has been completely renovated. Click here for Virtual Tour: https://tours.spacecrafting.com/b-nb42g5

 

 

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Conrad Roal

Conrad Roal, a former executive with two Fortune 500 companies, has built a successful real estate career on the foundation of service excellence. He brings core values such as honesty and integrity t....

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