Test your knowledge of the Twin Cities housing market, and answer the following multiple choice question:
Where is the to-be-built home pictured above and below located — and what is the asking price?
A. Edina’s South Harriet Park neighborhood; asking price: $1.2 million.
B. Edina’s Morningside neighborhood; asking price: $875k.
C. Between Diamond Lake and Lake Nokomis in South Minneapolis; asking price: $539,500.
D. Linden Hills in South Minneapolis; asking price: $749k.
Correct Answer: “C.”
As recently as 18 months ago, the answer would invariably have been “A.”, “B.”, or “D.”
Today, new Twin Cities homes are popping up in many other neighborhoods as well — and at much more affordable prices.
See also, “Twin Cities New Construction Multiple Choice: Guess Where”; and “Tear-downs Spread to Less Expensive Neighborhoods, Busier Streets.”
