Section of Golden Valley Among Hot Areas for Home Sales
In the Twin Cities, there are currently 10,180 homes on the market. That’s according to a report from Minneapolis Area Realtors.
Some homes sell faster than others. Case in point: a single-family home on Scott Avenue in Golden Valley, which was listed at $375,000.
“It’s only been on the market for, like, four days,” said Denise Mazone, of Mazone Real Estate Group. “Yeah, it sold right away.”
Mazone is a Golden Valley-based real estate broker who says the average home in the metro is on the market for 37 days, which makes the quick sale of the home on Scott Avenue impressive by comparison.
“If you price your house properly, it will sell. Period. Doesn’t matter,” said Mazone.
This home in Golden Valley was only on the market for four days before an offer was accepted.
But sometimes, price only tells part of the story. As the old saying goes: location, location, location.
“In Golden Valley, we really don’t have that much turnover, it seems,” Mazone said. “So whenever something comes on the market, it goes right away pretty much.”
The numbers appear to back it up.
According to data from Black Knight, Inc., the 55427 ZIP Code — which includes Golden Valley, New Hope and Crystal — was one of the hottest markets in the metro during the second quarter of 2024.
Ninety-five homes were sold and were on the market for an average of 51 days with an average list price of $379,000.
“It’s five minutes to Minneapolis. You’re on every major highway, basically, to go east, west, north, south. Yeah, we have a beautiful park system,” Mazone said.
And if the home is priced around $400,000 or lower, that makes it even more desirable.
“It’s a great area,” Mazone said.
Meanwhile, as for the overall Twin Cities housing market, Minneapolis Area Realtors data show that sales of single-family homes have cooled a bit heading into fall. That has helped raise up inventory levels slightly, with 2.6 months of supply. A balanced market is considered four to six months of available supply.
Related: Twin Cities Housing Market ‘Feels Like We’ve Reached a Turning Point’
