Demographics + New Construction + East Edina = Sold! In a market where new construction is supposedly dead, and high net worth Buyers are thought to be licking their wounds, some developers are still finding strong demand for their product. Case in point: 5420 Park Place in Edina. Built “spec” (speculative, as in no upfront...Read More
Edina’s ’08 Price Rise: Less Than Meets the Eye? Edina was the only community with more than 200 home sales last year that posted an increase in home sale prices. In 2008, the median sale price of Edina homes sold through the Regional Multiple Listing Service was $388,250, up 3 percent from 2007. Throughout the...Read More
Upper Bracket Woes Although Edina has been a housing standout in the current downturn, it, too, has pockets of excess inventory, and homes that have suffered serial price cuts — and still aren’t selling. Just one street in Edina’s Country Club section, Sunnyslope, now has six homes on the market, at prices ranging from $729,000...Read More
