Health & Fitness
(VIDEO) A Glimpse at Edina's Real Estate Market
With recovery on the horizon, home prices in Edina went up 1.2 percent in 2011. Sales increased and inventory decreased, making the 2012 real estate market exciting for would-be sellers.
Edina real estate finished the 2011 year with 677 homes sold, of which 92 were foreclosures and 27 were short sales—for a 14 percent distress rate. The average price of a home WENT UP in 2011 by 1.2 percent to $438,000. Real estate sales in Edina went up by 4.7 percent compared to 2010, and new listings fell by 10.1 percent. Edina has 5.7 months of inventory currently, placing it on the verge of a seller's market.
Currently, there are more than 300 real estate listings in Edina:
Find out what's happening in Edinafor free with the latest updates from Patch.
140 Edina Townhomes and Condominiums
In the last 30 days, there have been 36 home sales for an average sales price of $442,500. Follow market trends in Edina for up to the minute information and analysis.
Find out what's happening in Edinafor free with the latest updates from Patch.
In review, home prices in Edina dropped, housing sales went up, and inventory decreased. I predict that home sellers will have a stronger position in the housing market in 2012. Thank you for following my review of Edina real estate.
