




Located just about 20 miles away from Minneapolis along Interstate 35, the Lakeville real estate market is one of the more popular suburbs of the Twin Cities. One thing that makes it so popular is the quality of the schools that are located in Lakeville. The Lakeville Area Public School District is the governing entity of the city’s schools and there are more than 10,000 students who attend. Our kids attend the Orchard Lake Elementary School which is for grades K-5th but there are eight other elementary schools for young kids as well. In addition, there are three middle schools and two high schools that are located in Lakeville so your child never has far to go to get a quality education.
For the community’s more mature residents, the Lakeville Senior Center is a hub of activity. There is a weekly pancake breakfast for the seniors that my parents always enjoy going to. In addition to that, there are exercise classes, craft classes and even computer classes so the town’s older residents can learn new things and stay active all in one place.
If you are looking for an upscale home in an exclusive MN neighborhood, the Lakeville real estate market has what you are looking for. Some of the higher end Lakeville neighborhoods include Oak Heights, Wild Meadow Villas, Stonebridge and the Spirit of Brandjen Farm, among several others. New Lakeville housing developments are springing up all the time because of the area’s popularity and family oriented atmosphere. Many homes in these neighborhoods are located within walking distance to schools like Lakeville South High School and McGuire Middle School. You can also find more budget oriented homes in Lakeville neighborhoods like Bellante Townhomes, Village Creek and the Trevar on the Greenway.
The Lakeville MN real estate market is ideal for any budget. There are dozens of homes that you can find for less than $150,000 if you have a smaller buying budget. For a more moderate buying budget, there are properties and single family homes ranging between $150,000 and $300,000. For the home buyer with a larger budget, there are homes available in the $300,000 price range and above.
Lakeville Real Estate Group were evaluating the months of inventory situation of real estate for sale market for the month of December 2011, it was down -24.6% m/m. The 58 new listings in December were lower month over month in Lakeville it was down -21 homes. Lakeville is now at 283 for days of inventory for sale in December that was lower vs last year, down -26.5%. Lakeville had 48 houses that closed in December that was lower year over year, it was down an absolute -23 houses. December, 2011 the average sales price of a home was $210,721 in Lakeville that was lower yr/yr it was down ($45)K on average in the past 12 months. The Lakeville Real Estate Group was discussing median sales prices for the month of December, 2011 they were down ($32,000) dollars yr/yr to $183,000. In Lakeville the average days on the market rose 11.9% yr/yr to 122 in December that something we are concerned about with our Lakeville Real Estate Group. Lakeville percent of origional price listed recieved rose 4.7% yr/yr in December to 94% that something we want to see continue, call today to talk to with our Lakeville Real Estate Group.









