The Twin Cities’ “Brooklyn” and “Manhattan?”
The Case for Edina’s Country Club Neighborhood
Brooklyn has become so hot — and expensive — that the joke in New York is that people who can’t afford to live there should check out cheaper digs in Manhattan.
In particular, the Upper East Side now looks like a relative value.
Something similar may be happening today in Southwest Minneapolis and Edina.
Southwest Prices — Then & Now
Once upon a time, the Linden Hills and Fulton neighborhoods had relatively smaller, affordable housing stock, with more than a smattering of undersized, cottage-style homes.
As recently as a decade ago, prices ranged from low $200’s (yes, low $200’s) to perhaps $800k for the nicest and biggest homes.
Today?
Many of those small cottages — at least on decent-sized lots — are gone, replaced by new(er) homes worth $800k to $1.2 million or more.
Historic Country Club
Meanwhile . . . about a mile west in Edina’s storied Country Club neighborhood, entry prices have fallen well below $1 million.
Country Club has some of the area’s best-built homes, constructed in the 1930’s and 1940’s; low Edina property taxes; great walkability (50th & France shopping is just southeast); gorgeous streets and boulevards; and a terrific location that’s faster to both downtown Minneapolis and the airport (12-14 minutes apiece) than much of Southwest.
Of course, Edina’s school system remains the crown jewel of area public schools.
Buyers frustrated by high prices and lack of selection in Southwest Minneapolis may want to re-jigger their search criteria.
See also, “Southwest Minneapolis Cinderella’s: How Prices on a Block can Increase 80% When Overall Housing Prices are Static“; “Edina Country Club Trivia“; “Bet on Country Club.”
