Minneapolis Neighborhoods, Photos, Links

Downtown Minneapolis > Urban living

Neighborhoods > News > Images > Neighbors > Maps

Downtown Minneapolis Office Location & hours Careers in real estate Minneapolis Maps Zip codes, neighborhood boundries Trails, zoning, politics Downtown Images Photos & landmarks List of Downtown Realtors^® Find the right agent for your needs Knowledge Experience Expertise What's the WalkScore from your house? Downtown Network Downtown Council Downtown Restaurant Guide Minneapolis Bicycle Program Grand Rounds Scenic Byway Warehouse District Business Assoc MNCondoGuide Dog Grounds HOURCAR Minneapolis Bus Tales Joe Urban Urban Dictionary Funny Stuff		Neighborhoods Downtown Neighborhood Information North Loop Downtown East - Mill District Downtown West Nicollet Island - East Bank Loring Park Elliot Park Steven's Square NE & SE Minneapolis Search condos by Downtown Building The Complete List Search active listings by building name Stevens Square Northeast Minneapolis Bryn Mawr Prospect Park University Marcy Holmes CARAG Kenwood Southwest Camden Dog-Friendly Downtown
New Twins Ballpark - Target Field Twins ballpark webcam		Target Center Metrodome



Top 10 Reasons to live in Downtown Minneapolis 10. More Nightlife – Walk to a wide variety of clubs, pubs, coffee hubs, and late-night dining spots 9. More Sports – Metrodome, Target Center, new Twins Ballpark, Parade Statdium & Ice Garden, The Depot Skating Rink 8. More Culture – Hennepin Theater District, Guthrie Theater, First Avenue, Walker Art Center, Orchestra Hall, Fine Line, Mill City Museum, Shurbert Theater, The Loft, MacPhail Center and the new Central Library, to name a few. 7. More Shopping – Stroll from your front door to department stores, boutique shops, malls, Target, drycleaners, drug stores, groceries, farmer’s markets… 6. More Restaurants – Enjoy are over 150 restaurants just minutes from your front door – from sports bars to sushi. From world-famous steakhouses to romantic escapes along the Mississippi riverfront. From the new hot spots to classic haunts. 5. New Grocery Stores – New Lunds open on Central, Lunds coming to 10^th/Hennepin, Whole Foods coming to Washington/Hennepin? 4. Great Neighborhoods – Great neighbors make great neighborhoods. Come Downtown to help shape your new urban community. 3. Urban Greenspace – Many Downtown homes are just steps away from Loring Park, Mill Ruins Park, First Bridge Park, The Riverfront District, Nicollet Island, Boom Island, the Sculpture Garden, McGuire Park - or the trees of Peavey Plaza & the wide walkways of Nicollet Mall. 2. Short commutes save energy. Light rail is easy. Skyways are warm. Future transit hubs will be a short walk. 1. Downtown Energy & Excitement – just ask someone who lives here! How many are there condos in Downtown Minneapolis? Really? How Many Condos Are There? • There were over 3,000 homes in 33 established Downtown buildings before the building boom of the current decade.• There are over 4,600 homes in 50 newly-built condo/loft buildings and condo conversions – more than 4,300 are sold. ¹• There are approx. 280 previously-owned townhomes, lofts & condos currently for sale (Feb 2009).² Absorbing Downtown Condos • With less than 350 newly-built homes for sale, all will be sold within 19 months if the market maintains 2008 absorption rates.¹• For previously-owned homes, assuming a 2008 absorption rate, there is currently 10 months of inventory.² Continued Demand Supports Mild Appreciation • In 2007, 363 previously-owned homes sold – in 2008 there were 341.²• The average sale price for previously-owned homes year over year decreased 5% to $288,646.²• In 2008, 217 newly-built and converted homes sold – in 2007 there were 336.²• The average sale price for new construction increased 13% to $398K from 2007 to 2008.² Mortgage Interest Rates Provide Buying Power • Today’s are at historic lows: Jan 1983 = 13.40%, Jan 1993 = 8.12%, Jan 2000 = 8.32%, Jan 2009 = 4.5 - 5.5%. • The combination of broad market concerns and the presidential election could keep rates low into the summer. • Assuming a $250,000 mortgage, today’s buyer has over $12,000 more buying power than if rates were ½ percent higher. Don’t Delay ^{Is the market good or bad? It depends on your situation – conditions will favor either sellers or buyers. Current conditions make it a great time to buy your new urban home. If you’d like to learn more about real estate in Downtown Minneapolis, don’t delay. Call or click on a Downtown REALTOR^© at the Edina Realty Downtown Office – listing more condos and bringing more buyers than any other Downtown office.² 1} Based on information from the Downtown Journal Condo Pipeline & Condo Vitals, Sales Center Information, development web sites, and the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC., ²Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC.
DowntownNeighbor Home \| Search Downtown Listings \| Real Estate Blogs Edina Realty Mortgage \| Condo Building List \| Market Articles \| Market Update Funny Stuff \| Dog-friendly Condos \| Minneapolis Photos \| Neighborhood Info Expert Minneapolis Agents \| No-obligation Condo & Loft Tour Career Information \| Downtown Edina Realty Office \| Minneapolis Guy Blog