Neighborhood Market Update

Finally. The news is catching on that the real estate market has recovered. Sales are up - 21% through the end of September for Maple Grove over 2011 levels which has led to inventory being down 37% over 2011 levels. source: Mpls Area Association of Realtors

In our neighborhood, the average sales price for the 16 homes that have sold so far this year is $203,025 and an avg list price of $206,350. (an avg pricing discount of just 1.6%)

A map showing the current active listing and those sold or otherwise off the market since September 1st are below. Click HERE for a link to these listings (which will be good until Dec 2012).

To recap, the real estate market in our neighborhood and Maple Grove is recovering nicely and I expect we'll see 3-5% APPRECIATION of values this year.