 |
|
Hopkins Real Estate Market
|
|
|
|
|
|
 |
| |
Recovery on the Way
|
|
| |
Year to date, there were 232 new listings taken in Hopkins, up a scant 1.8% from last year. Closed sales improved a strong 8.3% to 118 units. The average price of closed saled improved 20.9% to $197,822 and the percent of original list price received at sale also improved to 91.8%, up .7%. the average days on market held steady at 118 days. Currently there are 53 single family homes and 51 condo/townhomes on the market, with inventory levels declining 3.6% and 28.2% respectively.
The above figures are based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC thru 7/31/2008.
ZIP Codes: 55343, 55305
Approximate Location Boundaries: Hopkins sits at the intersection of MN highways 169 and 7 and in bordered by Minnetonka on the west, Edina to the southeast and St. Louis Park to the northeast.
Location Characteristics: Hopkins is an old town with a main street of vintage buildings that has become a suburb. Hopkins has a well respected #270 Hopkins school district and it is home to the Oakridge Country Club, a portion of the Nine Mile Creek, the Blake middle school and a summertime favorite, the Hopkins Raspberry Festival and Parade. Hopkins has a population of about $16,704 with a median age of 36.6.
|
|
|
|
|
|
|
|
|
|
