Twin Cities Housing Market
Just about anywhere you live within the cities of Minneapolis, Saint Paul, or the surrounding suburbs, you'll find a well-groomed park within walking distance or at least within a short drive. You also won't be too far from any number of a thousand lakes in the area. Recreational opportunities, nature preserves, and cultural venues are scattered throughout the Twin Cities as well.
Minneapolis downtown real estate prices tend to be higher than in Saint Paul. Minneapolis enjoys a better appreciation rate and tends to be more desirable among young professionals and upper-class empty nesters. Loft and condo developments are becoming the up and coming place to reside. More people like the idea of maintenance-free living with no yard to mow and no driveway to repave.
With a downtown loft or condo, there are the added benefits of ample public transportation, a short commute to work, endless restaurants and entertainment places... and in the Twin Cities, you may get a water or park view to boot. As a result, residential development has exploded in Downtown Minneapolis & the downtown Saint Paul condo market in recent years.
If you prefer a single family home on a quieter street with your own spacious yard, one of the suburbs all around Minneapolis and Saint Paul may just be the perfect fit. You can also typically find more house for your money a little farther from the city. Suburban neighborhoods are popular and offer homes and amenities that cater to a wide range of tastes and needs.
The largest suburb is Bloomington with over 85,000 residents and still growing. Bloomington is home to the Mall of America, the Minneapolis-Saint Paul International Airport, and a wide range of housing options from small apartments to homes on large, manicured lots.
Some of the most affluent areas in the Twin Cities are just to the west of Minneapolis. The city of Edina has some of the most upscale homes in the area. A desirable lake house averages over $1 million in cities and townships all around Lake Minnetonka; this area has long been characterized by wealth and prosperity.
Eden Prairie is known as "relocation alley" by many local real estate agents because of the vast number of folks moving to the area that settle here. Maple Grove's convenient northwest location off I-94 has led to the rapid expansion of residential development and popular retail stores and restaurants.
The established suburb of Eagan, south of Saint Paul, is a quiet city with a combination of luxury estates, high-end townhomes, and apartment complexes. Even further south is Apple Valley which has seen explosive growth in recent years; new residential developments and mixed-use projects are popping up all over Apple Valley.
With all that the Twin Cities have to offer, it should be easy to find a neighborhood to suit your budget and your lifestyle.
So... have you started packing yet? Because a special Twin Cities home is waiting just for you.
Contact The Asbury Johnson Real Estate Team today to find out everything you need to know about Homes for sale in the Twin Cities.