Minneapolis Real Estate Market Update – Breakdown by Neighborhood
Minneapolis Real Estate Market Update for December 2008
Minneapolis – Entire City Year to Date
• New Listings for 2008 = 11,047 (-12.6 % from 2007).
• Closed Sales = 5,252 (+5.5% from 2007)
• Average Sales Price = $210,617 (-19.5% from 2007)
• Percent of Original List Price Received at Sale = 91.2% (-3.3 % from 2007)
• Avg Days on Market Until Sale = 128 (+23.9% from 2007)
Neighborhood Breakdown
Camden – Year to Date
• New Listings 1,626 (-1.4% from 2007)
• Closed Sales 739 (+77.6% from 2007)
• Avg Sales Price $76,194 (- 42.3% from 2007)
Downtown – Year to Date
• New Listings 1,352 (-24.6% from 2007)
• Closed Sales 625 (-7.0 from 2007)
• Avg Sales Price $338,114 (+5.2% from 2007)
Longfellow – Year to Date
• New Listings 615 (-8.3% from 2007)
• Closed Sales 350 (+.3% from 2007)
• Avg Sales Price $193,423 (-12.8% from 2007)
Nokomis – Year to Date
• New Listings 1,197 (-25.1% from 2007)
• Closed Sales 677 (-12.2 % from 2007)
• Avg Sales Price $216,119 (-8.6% from 2007)
North – Year to Date
• New Listings 1387 (+1.1% from 2007)
• Closed Sales 741 (+101.9% from 2007)
• Avg Sales Price $60,727 (-40.7% from 2007)
Northeast – Year to Date
• New Listings 834 (-16.6% from 2007)
• Closed Sales 399 (-7.0% from 2007)
• Avg Sales Price $165,175 (-17.2% from 2007)
Phillips – Year to Date
• New Listings 319 (+13.9% from 2007)
• Closed Sales 84 (+2.4 % from 2007)
• Avg Sales Price $99,554 (-40.5% from 2007)
Powderhorn – Year to Date
• New Listings 938 (+20.1 % from 2007)
• Closed Sales 404 (+40.8% from 2007)
• Avg Sales Price 124,572 (-26.1% from 2007)
Southwest – Year to Date
• New Listings 1,334 (-14.7% from 2007)
• Closed Sales 684 (-18.7% from 2007)
• Avg Sales Price $332,112 (-9.5% from 2007)
University Area – Year to Date
• New Listings 237 (-14.4% from 2007)
• Closed Sales 91 (-33.1% from 2007)
• Avg Sales Price $220,336 (-14.3% from 2007)
Uptown – Lakes – Year to Date
• New Listings – 1,200 (-26.7% from 2007)
• Closed Sales 455 (-27.5% from 2007)
• Avg Sales Price $372,982 (+2.9 %)
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Data is from the Minneapolis Area Association of Realtors®
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Downtown Minneapolis Realtor
Edina Realty. Blake Vanderhyde is a Realtor ® and Licensed Attorney dedicated to helping people with their real estate needs.
Minneapolis Condos & Homes
Minneapolis Real Estate Market Update for December 2008
Minneapolis – Entire City Year to Date
• New Listings for 2008 = 11,047 (-12.6 % from 2007).
• Closed Sales = 5,252 (+5.5% from 2007)
• Average Sales Price = $210,617 (-19.5% from 2007)
• Percent of Original List Price Received at Sale = 91.2% (-3.3 % from 2007)
• Avg Days on Market Until Sale = [...]
Minneapolis – Entire City Year to Date
New Listings for 2008 = 9,859 (-13.2 % from 2007).
Closed Sales = 4,496 (+3.1% from 2007)
Average Sales Price = $217,328 (-16.4% from 2007)
Percent of Original List Price Received at Sale = 91.3% (-3.4 % from 2007)
Avg Days on Market Until Sale = 128 (+24.7% from 2007)
Neighborhood Breakdown
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Camden – [...]
This charming three bedroom home enjoys a superb location. Meticulously maintained. Close proximity to shops and stores.Â
An abundance of improvements and amenities make this hard to beat:
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Brand new roof (35 year shingle) 2008
New top-of-the-line siding (Smart Side® Home Siding) 2008
New gutters and downspouts
4 new storm windows on north side of house
Refinished wood floors
New deck in [...]
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Minneapolis Market Update for July 2008
For July 2008 there were 1,016 new listings, 473 closed sales, and an average sales price of $233,770 for Minneapolis, Minnesota.
Broken down by neighborhood:
Camden – 148 new listings, 71 closed sales, avg. sales price $83,278
Downtown – 126 new listings, 50 closed sales, avg. sales price $358,812
Longfellow – 63 new listings, [...]
