Pending transactions up nearly 10% inTwin Cities compared to 2019Below are the weekly stats we received from our brokerage (RE/MAX Results)...Compared to last year, I was surprised to see
Shorewood Real Estate Early 2020 Outlook
Shorewood continues to be a highly sought after residential community near Lake Minnetonka and home values reflect that. Shorewood home values have seen historic appreciation over the last few years with an astounding 35.3% increase in average home prices since January 2016.
Homes on the market in Shorewood on average are currently receiving 97.8% of list price, indicating strong offers from buyers.
Shorewood median home prices are up 13.5% just since January 2019!
Given the numbers we are seeing, we expect early 2020 in Shorewood to be a VERY strong sellers market, and an excellent time to buy as well!