With a close proximity to public transportation being such an important factor in what home buyers want today in a new place to live, starting a home search based on options that are located near certain light rail stations in Minneapolis makes a lot of sense. Aside from perhaps making that dreaded daily commute a little bit easier during the work week, living near the rail also can also mean higher home values and appreciation rates and easily being able to hit some of the city’s best restaurants, entertainment venues, or sporting events all without the hassle of trying to find somewhere to park. So, if you happen to be in the market for a new Minneapolis condo, let’s start your search with a few top-notch condo buildings near the 5th Street/Government…
Found 4 blog entries for May 2016.
According to a national study done by the Rockefeller Foundation, 66% of millennials put easy access to high-quality public transportation as a top priority when considering a move to another city. People have always relied on public transit to get to and from work or school, but as more and more younger home buyers are entering the marketplace, efficiency, walkability, and transportation options are seemingly more important than ever in the world of real estate.
Outside of a close proximity to transportation, however, there are also plenty of other elements today’s young home buyers want in a new place to live that you might have a bit more control over if you’re someone who is thinking about selling your Minneapolis home.
Updated kitchens and bathrooms
Prior to the recession, the condo market in downtown Minneapolis was booming. New projects were being announced seemingly faster than ever and contracts were being signed at lightning fast paces. But like in most markets across the U.S., the housing crash changed things dramatically and the downtown Minneapolis real estate market overall took a pretty hard hit.
Today, the nation’s residential real estate market has rebounded quite nicely since the worst of the downturn and condos are once again the talk of downtown Minneapolis. According to recently released numbers, the median sales price for a condo unit in the heart of Minneapolis has jumped 22% since 2011, and demand seems stronger than ever before.
Naturally, the one major hurdle facing many of
It’s certainly no secret that many of today’s active home buyers want to live somewhere close to public transportation, but according to a recent study done by the Minneapolis Area Association of Realtors, it’s something that’s becoming increasingly important here in the Twin Cities. While Minneapolis isn’t quite yet one of those U.S. cities where many people don't actually own a car, it’s rapidly reaching the point where a lot of home buyers want that option should they prefer to rely on public transit. And as a result, research is now showing that homes in several Minneapolis neighborhoods that offer close access to the Metro Transit Line are not only increasing in value, but also selling at a faster rate as well.
According to the findings, homes close