




The Edina real estate market in Minnesota’s Hennepin County is a thriving market with about 47,000 residents. This suburb of the Twin Cities has a bustling lifestyle itself so you don’t need to go to nearby Minneapolis or St. Paul to experience the conveniences of the big city. But aside from the big city conveniences, we enjoy the variety of parks located throughout the community. Parks like Birchcrest Park, Countryside Park, Williams Park and many others allow me and my family to enjoy the outdoors by having picnics, laying in the green lush grass and even letting the kids play on the playground equipment.
When we are not at one of the Edina Parks, we enjoy going to the Southdale Center. This large shopping center has some of the most recognized names in the retail industry as well as many local shops and specialty stores. We never leave there without getting something unique that you can’t find anywhere else.
Edina neighborhoods offer homes with luxurious and lavish features. But in addition to that, you can enjoy close proximity to area schools when you choose to live in an Edina neighborhood. These neighborhoods include Edina Highlands, South Harriet Park, Hillsdale, The Cottage of White Oaks and several others. Many of the neighborhoods in Edina are just a short walk away to Braemar Golf Course and Arrowhead Lake. You can also find more affordable Edina hoes in the neighborhoods of Parkwood Knolls, Grandview Square Townhomes and the Coventry at Centennial Lakes.
There are many Edina homes for sale at reasonable prices for home buyers looking for something affordable and practical. Most of the homes are priced below $350,000 and you can choose between multi-level homes as well as ranch style and condominiums. There are also many homes between the $350,000 and $650,000 price range. But for something more upscale and extravagant, you can find Edina homes for sale at the $650,000 range and beyond with many homes topping out at $850,000 along with several multi-million dollar options as well.
The Edina Real Estate Group were talking about the total number of homes that closed for the month of December 2011, they were up 22 houses to a total of 65. Yes, we often we discuss the real estate market, at Edina Real Estate Group the latest data on days on the market until sold in December 2011, the percentage was down -21.5% to 113 days in the past 12 months. Edina'smonths of inventory/supply for sale dropped -10.9% yr/yr in December we to see it continue to go lower . Edina median sales prices of real estate dropped -21.4% mo/mo in December that something we are monitoring and talking about with our Edina Real Estate Team. In the current real estate market in Edina homeowners are receiving, 89% from the original list price, which is down from 89.2% a year ago. Edina is now at 334 for numbers of days on market until sold in December that was lower vs last month, it was down an absolute -94 days. In December, 2011 the 41 new listings were higher year over year in Edina up 13.9%. The average real estate sales price of $428,594 in December was lower y/y in Edina as a percentage it was down -13.3%.









