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St Louis Park Real Estate Summer 2019 Outlook
Dated: June 5 2019
St. Louis Park is a great community just a few minutes west of downtown Minneapolis, conveniently located near the Chain of Lakes, downtown theater district, shopping, universities and major league sports.
St. Louis Park homes values have seen historic appreciation over the last few years with a 21% increase in median home prices since 2016!
Homes on the market in St. Louis Park on average are currently receiving 100% of list price, indicating strong offers from buyers.
St. Louis Park median home prices are up 11% just since Oct 2018!
Given the numbers we are seeing, with the added "fuel" of record low mortgage interest rates, we expect summer 2019 in St. Louis Park to be a VERY strong sellers market, and an excellent time to buy as well!