Minnetonka is a fully developed suburban community of more than 53,000 residents located eight miles west of Minneapolis. The city’s natural surroundings — including trees, wetlands, prairies and diverse bodies of water — set it apart from similar-sized suburbs and give the community a distinct character. The uniquely beautiful landscape, three top-ranked public school districts, […]
Thomas Slupske
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Toms Monday Markets In A Minute, Minnetonka MN
A banner year for new housing
Builders started construction on more housing in the Twin Cities metro in 2021 than they did in any of the last 20 years. Why it matters: The big year is helping us dig out of a shortage of homes that has been driving up rents and housing prices. The numbers are even more impressive considering […]
Housing in Wright County, MN
Each Monday I feature a community in Minneapolis and the surrounding areas. Today’s feature community is Wright County MN. Wright County is a county in the East Central part of the U.S. state of Minnesota. As of the 2020 United States Census, the population was 141,337.[2] Its county seat is Buffalo.[3] The county was founded in 1855. Wright County is part of the Minneapolis–St. Paul–Bloomington, MN-WI Metropolitan Statistical Area. […]
ARE ALL REALTORS ALIKE?
All Realtors are alike, so it doesn’t make too much difference which Realtor to choose. But that’s not true! There are more than 1.5 million Realtors in the US, with over 100,000 more each year. Some are part-time, some are new, many are mediocre, they can be your friends, co-workers, or neighbors. Most are good […]
High Buyer Demand and Scarce Inventory Drive Up Median Home Prices
Strong buyer demand and a shrinking number of homes for sale in Minnesota drove prices up in January. Closed sales of residential homes were down 9.9% compared to January 2021, while inventory plummeted 24.3%. As homebuyers competed in a tight market, the median price rose 8.5% to $295,000. The affordability index, which measures whether a […]
BUY NOW, SELL LATER
As I talk to homeowners who want to sell almost all express concern about selling and then because of the low housing inventory, not being able to buy a new home. Well, there is a solution to Buy now and delay selling until later. The solution is called “Simple Offer” by RE/MAX Results. Similar to […]