The real estate market in Wayzata, MN is notably active, with some properties receiving multiple offers, a testament to the high level of interest among buyers.
Offer and Sale Dynamics in Wayzata
On average, homes in Wayzata sell for roughly 1% less than the listed price and transition to pending status within approximately 19 days. However, certain homes have managed to command prices about 3% above their listed prices and become pending in a shorter span of around 9 days.
Time on Market in Wayzata
A characteristic feature of the Wayzata market is the speed at which homes sell. The average time from listing to pending is just 19 days, with faster-moving properties going pending in as few as 9 days.
Wayzata Market Type
The Wayzata real estate market distinctly favors sellers, which implies that prices generally trend higher and homes sell more rapidly compared to other markets.
Year-over-Year Trends in Wayzata
Wayzata has seen significant appreciation in property values over the last year, with homes selling for a robust 14% more than they did a year prior, signaling a strong growth trend.
Advice for Wayzata Home Buyers
For those considering purchasing a home in Wayzata, it's important to note that prices typically hover close to the asking price. In fact, last month, 36.7% of homes sold were near their original listed price, suggesting buyers should be prepared to offer close to asking.
Find Your Dream Wayzata Land?
From First Steps to Final Keys: A Clear Path to Homeownership in Wayzata.
Read Post
Key Traits That Matter Most in This Lake Minnetonka Market.
Read Post
What Every Buyer Should Know Before Closing the Deal.
Read Post
A top-floor condo at The Landing Hotel & Residences in Wayzata has sold for $4.07 million.
Read Post
Realtor Choice | Twin Cities Real Producers
Read Post
Discover Where Nature, Recreation, and Community Come Together.
Read Post
Smart Strategies for a Smooth Remodeling Experience.
Read Post
Smart Tactics for Buyers and Sellers in a Competitive Market.
Read Post
Understanding the Appeal and Expectations of Turnkey Properties.
Read Post
Finding the Right Partner for Your Wayzata Home Renovation.
Read Post
Unveiling the Top Real Estate Queries Shaping the Market This Year.
Read Post
How Wayzata’s High-End Homes Are Redefining Modern Living.
Read Post
Transforming Real Estate Investments Into Profitable Ventures.
Read Post
Understanding the value and limitations of home warranty coverage for today’s buyers and homeowners.
Read Post
A step-by-step guide for navigating the high-end real estate market with confidence.
Read Post
Why a Pre-Listing Inspection Can Streamline Your Sale.
Read Post
Unlocking the Psychology Behind Your Perfect Home Palette.
Read Post
Protecting Your Investment with Regular Upkeep.
Read Post
Elevate Your Property Value with these Smart Investments.
Read Post
Transform Your Home’s First Impression with Simple Yet Effective Landscaping.
Read Post
Exploring Outdoor Activities and Fitness Opportunities in Wayzata.
Read Post
Experience the Perfect Blend of Coffee Culture and Lakeside Charm in Wayzata.
Read Post
Explore scenic destinations, charming towns, and outdoor adventures just a short drive from Wayzata.
Read Post
Enhancing indoor air quality creates a healthier and more comfortable living environment.
Read Post
Easy Steps to Take As You Enter the Real Estate Market in Minnesota.
Read Post
Navigating the Market and Maximizing Your Sale.
Read Post
How to Choose the Right Home Size for Your Lifestyle and Future.
Read Post
This charming Lake Minnetonka community embodies luxury lakeside living at its finest.
Read Post
Navigating the Seasons, Trends, and Personal Factors for a Profitable Sale.
Read Post
We are overjoyed to be recognized on this year’s RealTrends #TheThousand list!
Read Post
2023 RealTrends America’s Best Real Estate Professionals
Read Post
Beth is a local real estate professional with over 26 years of real estate experience in the luxury home and condo market.
Read Post
Beth’s clients describe her as Honest, Hard-Working, Likable, and an Expert in her field.
Read Post
After just two and a half years of business, the real estate and development company has built custom homes.
Read Post
At Top Agent Magazine, we consider every nomination we receive for publication.
Read Post
REALM has partnered with Altrata, to provide unprecedented insight into the future of luxury residential real estate.
Read Post
Beth was recently invited to share her profile in the October issue of Mpls. St. Paul Magazine.
Read Post
Compass
401 Lake Street East, Unit 200
Wayzata, MN 55391
Ulrich Real Estate Group
