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Lakeville Real Estate


Lakeville is a Minnesota suburb of more than 52,000 residents located some 23 miles south of downtown, and has long been one of the Minneapolis-St. Paul Metropolitan area’s fastest growing regions. Lakeville real estate is prized by those who value a suburban location that is within easy proximity to a large metropolitan district.

A scenic area of lakes, ponds and wetlands, Lakeville’s two largest lakes, Lake Marion and Orchard Lake are particularly favored by swimmers, recreational boaters and fishermen.

Large agricultural and dairy farms within the Lakeville, Minnesota area contribute to the rural atmosphere that continues to attract residents wanting to escape the hustle and bustle of city life.

Three school districts serve the city’s educational needs: The Rosemont-Apple Valley-Eagan Independent School District, The Lakeville Area School District, and the Farmington School District.

In addition to many outdoor activities, including an extensive network of hiking, biking and cross country ski trails, Lakeville has an Area Arts Center featuring concerts and live performances, as well as various festivals and tournaments enjoyed by locals and visitors year-round.


The average price of Lakeville homes for sale for the quarter July thru September 2009 was $363,345, a drop of 1.3%. Median sales price for this period was $248,925, a decrease of 6.1%. Average price per square foot during the quarter was $116, down 5.7%.

Average Listing Price:

2 bedrooms      $199,417     – 4.9%

3 bedrooms      $290,617     – 1.3%

4 bedrooms      $411,223     – 1.4%  


If you are planning to sell your home in Lakeville, Minnesota and do not want your residence sitting unsold on the open market for many months, you need to have specific information in order to properly market your property, information that can best be obtained by an experienced Lakeville, Minnesota realtor who has a thorough knowledge of the Lakeville area.

We advise you to contact Preferred Home Team. We have the information and selling strategies designed to sell your Lakeville property quickly and at the best price possible.

As Lakeville, Minnesota real estate agents who know the area best, our team of skilled agents can advise you on how to “stage” your home in a way that is most attractive to buyers, and our extensive knowledge of current Lakeville real estate sale prices can furnish you with details needed to price your property competitively.

Preferred Home Team welcomes buyers of Lakeville real estate as well. We know where the best deals are to be had, and our negotiating skills and overall realty expertise is an asset you need to have on your “team.”

The Preferred Home Team welcomes inquiries of buyers and sellers of Lakeville, Minnesota real estate. Consult with the Preferred Home Team today, and let us know what your real estate needs are. There is no obligation on your part, and the consultation is free.

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