Suburbs Rule the Real Estate Game in the Minneapolis Area
As we dive into the fall season, let’s take a moment to assess our real estate position moving towards the end of 2017. According to recent reports from the Minneapolis Area Association of Realtors, first and second ring suburbs of the Twin Cities region are enjoying exceptional sales and growth. Jobs are strong in these areas and neighborhoods within these communities have become highly sought after. Areas like Eden Prairie stand out from the pack for their proximity to the burgeoning Twin Cities region, along with an excellent stock of housing and local amenities.
What’s more, housing in the region is pulling top dollar—which ensures that buyers can move on to their next chapter with confidence. For their part, buyers can enjoy the knowledge that should they buy in this market, they’ll be sinking their teeth into a wise investment. Minneapolis has enjoyed record growth and prosperity, with jobs added, wages climbing, and development in the region at an all-time high. With that in mind, it makes it the perfect time to lock down a property that you can build a solid financial investment upon. June 2017 marked an all-time sales record in the Twin Cities region, while traditional pending sales in July enjoyed a modest but worth noting .7% boost.
Inventory seems to be the most central issue hindering growth at the moment. People are ready to buy and interest rates remain at near-historic lows. New construction building is doing its best to keep up with red-hot demand, but homes can’t be added quick enough to market to satisfy the would-be buyers out there. All that said, there’s no better time than the present to prepare for the inevitable new-home additions to market. Especially in Eden Prairie, a top-ranking community in the area that offers excellent schools, plenty of recreational opportunities in nature, access to fine dining and more, houses are flying from market. Equip yourself with a trusted and experience real estate professional and you’ll put yourself in an ideal position to close 2017 in the home of your dreams.
According to Keth Hammerseng, the President-Elect of the Minneapolis Area Association of Realtors, it’s little wonder that people are so inclined to buy in our area and is not deterred by the tight market offerings out there. "The fact that buyers are hardly phased by the lack of inventory speaks to the appeal of homeownership and of our region,” she said in a recent statement. "The current environment calls for additional patience, persistence, and compromise, but Minnesotans are known for those traits.” Enlist the expertise of a real estate agent with all those qualities and more by getting in touch with the Helgeson Platzke Real Estate Group today.
At Helgeson Platzke Real Estate Group, we are proud to be a member of Eden Prairie’s esteemed small business community. Since 1995, we’ve offered the very best in Twin Cities real estate, earning our community’s trust as the #1 Sales Team in the Eden Prairie area. With over 4,500 homes sold, our staff has both the knowledge and experience necessary to ensure that your home ownership goals are delivered. So, if you’re considering buying or selling your Eden Prairie area home this summer, now is the time to enlist the help of a real estate professional who can help you make the most of this season’s extraordinary market.