Above Average Sales Price Increases In Apple Valley and Kenny

As I look at the Twin Cities market I see a lot of above average sale price increases in safe neighborhoods.  For example, Apple Valley saw a 17.5% increase in sales prices over the last 12 months compared to the Twin Cities average at 10.1%.  Also, the Kenny neighborhood in south Minneapolis has been one of the best performing neighborhoods in Minneapolis over the last couple years.  Kenny saw a 13.5% increase in sales prices over the last 12 months.  Both Apple Valley and Kenny have lower than average crime rates for Minneapolis and the Twin Cities.  I think we will continue to see more buyers willing to pay more in the safer neighborhoods due to the increase in crime over the last two years in the metro area.  Even as prices increase the housing market is very risky because if you buy a bad house it will end up costing you a lot in unexpected expenses.  Make sure you know how to inspect your property for defects and potential problems.  If you need help buying or selling give me a call.