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Saturday, November 23, 2024

Minnetonka Beach home prices fall in July 2019

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The median sale price of a home sold in July 2019 in Minnetonka Beach fell by $530,000 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In July 2019, there were two homes sold, with a median sale price of $1,402,500 - a 27.4% decrease over the $1,932,500 median sale price for the same period of the previous year. There were two homes sold in Minnetonka Beach in July 2018, as well.

The median sales tax in Minnetonka Beach for the most recent year with available data, 2015, was $14,271, approximately 1% of the median home sale price for July 2019.

The following table compares Minnetonka Beach to other Hennepin County cities with similar median sales prices in July 2019:

CityJuly 2019 Home SalesJuly 2018 Home Sales% change (Total Home Sales)July 2019 Median Sales PriceJuly 2018 Median Sales Price% change (Median Sales Price)
Minnetonka Beach220%$1,402,500$1,932,500-27.4%
Wayzata57-28.6%$1,150,000$810,00042%
Greenwood30-$800,000$0-
Deephaven112450%$798,500$1,145,000-30.3%
Medina15887.5%$645,000$679,590-5.1%
Orono199111.1%$625,000$540,00015.7%
Edina826722.4%$594,950$665,000-10.5%
Woodland110%$550,000$5,000,000-89%
Independence6520%$434,514.53$605,000-28.2%
Dayton550%$424,500$352,00020.6%
St. Anthony105100%$400,000$332,50020.3%

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