Weekly Market Snapshot for 10/19/2020-10/25/2020

By Kevin Mullen

|| Welcome to the Monday Market Update. Below is a quick snapshot of the most recent market data for Minneapolis, Edina and Greater Lake Minnetonka area ||

Minneapolis Condo Market

$500,000 and below

  • New Listings/Active: 7
  • Pending: 2
  • Closed: 1
  • YTD # of condos sold: 191

$500,000 – $1,000,000

  • New Listings/Active: 2
  • Pending: 0
  • Closed: 2
  • YTD # of condos sold: 81

$1,000,000 – $1,500,000

  • New Listings/Active: 0
  • Pending: 0
  • Closed: 0
  • YTD # of condos sold: 11

$1,500,000 +

  • New Listings/Active: 0
  • Pending: 0
  • Closed: 0
  • YTD # of condos sold: 4

Edina Market

$1,000,000 – $1,500,000

  • New Listings/Active: 2
  • Pending: 5
  • Closed: 3
  • YTD # of homes sold: 74

$1,500,000 -$2,000,000  

  • New Listings/Active: 1
  • Pending: 2
  • Closed: 2
  • YTD # of homes sold: 26

$2,000,000 +

  • New Listings/Active: 1
  • Pending: 0
  • Closed: 1
  • YTD # of homes sold: 12

Greater Lake Minnetonka Market

$1,000,000 – $2,000,000

  • New Listings/Active: 1
  • Pending: 0
  • Closed: 4
  • YTD # of homes sold: 142

$2,000,000 -$3,000,000  

  • New Listings/Active: 0
  • Pending: 0
  • Closed: 2
  • YTD # of homes sold: 39

$3,000,000 -$5,000,000

  • New Listings/Active: 2
  • Pending: 0
  • Closed: 1
  • YTD # of homes sold: 11

$5,000,000+

  • New Listings/Active: 0
  • Pending: 0
  • Closed: 0
  • YTD # of homes sold: 4

For a deeper market analysis, reach out to Kevin Mullen | kevin.mullen@lakesmn.com | 612-581-8969

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