Minnetonka Real Estate and Minnetonka Homes continue to be sought after as of now. Homes in Minnetonka under 200,000 are seeing full price offers and in many cases multiple offers. Buyers of Minnetonka Real Estate need to be fully pre-approved, as well as working with a top Minnetonka Realtor
Home prices have continued to flow up and down in most of Minnesota and Minnetonka is no difference. Short Sales and foreclosures are not as common in Minnetonka as other surrounding cities but the ability for buyers to buy so much home for so little money in surrounding cities has put a strong downward pressure on Minnetonka Real Estate and Minnetonka Homes.
Foreclosures and bank mediated properties account for upto 30% of the real estate market at any one time. Experts believe that Minnetonka Homes and Minnetonka Real Estate may still see a collapse if the higher end markets if we do not start to see some movement but opinions vary as to when and how bad this collapse might be. This type of home does not account for a high percentage of the Homes and Real Estate in Minnetonka so it should not hurt as bad as other cities. This is one bright spot for home owners in Minnetonka .
The consensus is that if you are selling a home in Minnetonka or any Minnetonka Real Estate that you need to be exact in your pricing, marketing and value. Find a Realtor with experience, a successful track record and one that works nights, weekends, days, etc. This is the time for agents to show how committed they are to the Minnetonka homeowner and to Real Estate in general.
Joe Niece