Minnetonka Real Estate

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MINNETONKA REAL ESTATE

Once known by local Indians as “the big water” Minnetonka, Minnesota has evolved from a wilderness area to a 19th century mill town, a popular resort area, and finally, to what it is today, a charming residential city of freeways, shopping centers and manicured lawns.

The 14,528 acre Lake Minnetonka is irregularly shaped, with numerous bays and islands, and has afforded Minnetonka real estate developers the opportunity to construct many waterfront property homes although the city of Minnetonka, itself includes within its borders only Gray’s Bay, a small bay forming the headwaters of Minnehaha Creek.

A suburban community of nearly 52,000 residents, Minnetonka, Minnesota is a scenic region of mature trees, wetlands, prairies, numerous community parks, more than 1,000 acres of publicly accessible open space and some forty miles of hiking and biking nature trails.

Three public school districts, as well as a parochial school and an accredited private college prep school serve the city of Minnetonka’s school children.

The city of Minnetonka is located in Hennepin County, eight miles west of Minneapolis. The easy commute to and from the Minneapolis business district has considerably increased the desirability of owning Minnetonka real estate.

MINNETONKA HOMES FOR SALE

The average listing price of Minnetonka homes for sale for the quarter July thru September 2009 was $478,068, a drop of 0.0%. Median sales price for this period was $255,500, a decrease of 3.9%. Average price per square foot for this period was $199, down 12.1%.

Average Listing Price:

1 bedroom      $116,700      – 0.5%

2 bedrooms     $224,972     + 0.5%

3 bedrooms     $449,748     – 0.4%

4 bedrooms     $566,285     – 2.5%

MINNETONKA REALTORS

Today’s rapidly changing and challenging real estate market conditions means that buying or selling real estate in Minnetonka, Minnesota or anywhere in the U.S. for that matter, requires the guidance of a real estate agent with the skills, experience and resources needed to meet buyer or seller’s expectations and goals.

Preferred Home Team are the Minnetonka, Minnesota realtors dedicated to helping our clients reach their goals. Our realtors are among the most knowledgeable, experienced and results oriented agents in Minnesota.

Contact the Preferred Home Team for a cost-free consultation, during which we can discuss your buying or selling Minnetonka real estate requirements. Your Preferred Home Team agent/representative will then be able to formulate a marketing plan for sellers or a home location study for buyers.

The Preferred Home Team’s vast knowledge of the Minnetonka, Minnesota region and our negotiating skills, can guide buyers and sellers through the maze of marketing strategies involved in properly preparing and pricing Minnetonka homes for sale and/or locating the right home, in the right location, and negotiating on behalf of our client, for the best possible selling price.