The Star Tribune has ranked the 10 hottest cities in the Twin Cities metropolitan area in terms of year-over-year market growth, and you might be surprised by which cities made the list:
10) Zimmerman:
- Average price per square foot: +19%
- Homes sold 6 days faster than last year
9) Lindstrom:
- Average price per square foot: +22%
- Homes sold 12 days faster than last year
8) Becker:
- Average price per square foot: +22%
- Homes sold 11 days faster than last year
7) Big Lake:
- Average price per square foot: +22%
- Homes sold 5 days faster than last year
6) Isanti:
- Average price per square foot: +21%
- Homes sold 8 days faster than last year
5) Anoka:
- Average price per square foot: +20%
- Homes sold 4 days faster than last year
4) Cokato:
- Average price per square foot: +29%
- Homes sold 17 days faster than last year
3) New Hope:
- Average price per square foot: +18%
- Homes sold 7 days faster than last year
2) Coon Rapids:
- Average price per square foot: +19%
- Homes sold 6 days faster than last year
1) Stacy:
- Average price per square foot: +22%
- Homes sold 13 days faster than last year
Are you sensing the trend? We’re seeing major growth past the third-ring suburbs as people are looking for more house for their money, more space, and affordable housing. We have a shortage of inventory in all areas and price points. So if you’re thinking of selling your home, you might be very surprised to see what your home could sell for in today’s market.
If you’re a buyer, you’ll have to be fully pre-approved and underwritten with a reputable lender. You’ll also have to be ready to make split-second decisions, and you should anticipate competing with five, 10, or even more other buyers for that house.
If you have any questions about buying or selling a home in this market, don’t hesitate to reach out to the John Schuster Group. We’ll be glad to help you out.
