Minnesota Real Estate Companies

Minneapolis Housing Market Summary:

  • Current Median Home Price: $219,100
  • 1-Year Appreciation Rate: 5.3%
  • Unemployment Rate: 3.6%
  • 1-Year Job Growth Rate: 1.7%
  • Population: 400,070
  • Median Household Income: $67,194
  • Average Days On The Market: 78

Minneapolis Housing Market Q1 Update:

The Minneapolis real estate investing market should benefit from the 5,527 homes that are currently in some state of distress, according to RealtyTrac. Of those homes that are in foreclosure, the great majority are bank-owned, or sitting on the books of institutional lenders as non-performing loans. In fact, 63.1 percent of all the foreclosed properties in Minneapolis are of a bank-owned nature. The remaining foreclosures are all scheduled to be placed up for auction in the near future. The total number of foreclosures in the Minneapolis housing market, however, has declined 61 percent over the course of a year.

The Minneapolis real estate investing market will appreciate the discounts these properties offer.  According to RealtyTrac, the average, non-distressed property in the area has an average sales price of $199,900.  Distressed properties, on the other hand, have an average sales price of $130,000, or 35 percent lower than non-distressed homes. That is a savings of almost $70,000 per property.

As for the whole of the Minneapolis housing market, prices continue to grow relative to last year. Not only have appreciation rates topped 6.5 percent, but the current median home price is just above the national average ($210,000). In the 13-county metro, house prices during March were 3 percent higher than last year, just shy of a 4.1 percent increase nationwide. [ http://www.fortunebuilders.com/minneapolis-real-estate-market-trends/ ]


The list of Minnesota Real Estate Companies:

RealtyConnecthttp://realtyconnectmn.com/sales@rcmn.com(763) 447-31513169 Fernbrook Ln N
Plymouth, MN 55447
33rd Companyhttp://www.33rdcompany.com/info@33rdcompany.com(651) 777-55001800 Wooddale Drive
Suite 100
Woodbury, MN 55125
Downtown Resource Grouphttp://drgmpls.com/info@drgmpls.com(612) 777-8005700 Washington Ave N
Ste 101
Minneapolis, MN 55401
The Monson & Larson Real Estate Grouphttp://www.monsonlarson.com/rob@monsonlarson.com(763) 694-10482605 Campus Dr
Plymouth, MN 55441
Neal Lawson - Realty Connecthttp://www.leasehomesforsalenow.com/neal@rcmn.com(612) 418-58923169 Fernbrook Ln N
Plymouth, MN 55447
Matik Managementhttp://www.matikmanagement.com/info@matikmanagement.com(507) 216-00643249 19th St NW
Ste 3
Rochester, MN 55901
Renters Warehousehttp://renterswarehouse.com/steven@renterswarehouse.com(952) 470-88886101 Baker Rd
Ste 200
Minnetonka, MN 55345
Joey Torkildson - Team Tork Real Estatehttp://www.teamtorkrealestate.com/joey@teamtorkrealestate.com(651) 379-41383555 Willow Lake Blvd
Vadnais Heights, MN 55110