Mary Leizinger RE/MAX Results |
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www.MaryLeizinger.com RE/MAX Results 11200 W. 78th Street Minneapolis, MN 55344 |
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Home Office
763-559-6642 Mobile
612-940-6225 Office
800-878-2901
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Plymouth Market Conditions Report
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Earning it's Reputation
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Plymouth is showing why it was voted the best place to live by CNN/Money Magazine for 2008 as it is holding together well in a generally weak housing market. The inventory build-up has slowed with new listings taken in Plymouth off 9.3% in 2008 when compared to 2007. However, sales have been a bit sluggish, down 11.6%, and as a result, single family home inventories have decreased 10.5% and townhome and condo inventories are down 13.5% when compared to 2007, a bright spot in this oversaturated market. Average sale prices in Plymouth are holding up better than the broad market, down just 3.9% year to date from a year earlier to $318,997, but the percent of list price received at sale is just 93.4%. The average days on market for those homes sold in 2008 was 128 days.
The above figures are based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC thru 12/31/2008.
ZIP Codes: 55441, 55442, 55446, 55447
Approximate Location Boundaries: Maple Grove to the north, Medina and Orono to the west, Wayzata and Minnetonka to the south and Golden Valley and New Hope to the east.
Location Characteristics: The City of Plymouth's slogan is "A Beautiful Place to Live". With it's many parks, lakes and open spaces, variety of school options, proximity to shopping at the Ridgedale Mall and Maple Grove's Arbor Lakes , good freeway access, and super location directly west of Minneapolis, Plymouth continues to be one the the Twin Cities most desirable communities. There are many small neighborhood parks and miles of trails, larger community ball fields and the Hennepin County French and Eagle Lake Regional Parks. Medicine Lake has 3 public beaches and public boat launches and is a favorite location for water skiing and day sailing. French Park offers a nature center and lighted cross country ski-trails. Other more private lakes include Bass, Parkers, Pike, Schmidt, Lost, Gleason, Mooney and Hadley among others. If you want a home with a water view, Plymouth is a great place to find one. Golfers will enjoy Eagle Lake, Hollydale, Elm Creek and Hampton Hills golf courses. The city is served by the #284 Wayzata, #279 Osseo, #281 Robbinsdale and #270 Hopkins public school districts as well as West Lutheran High School, Providence Academy (Catholic), Beacon Heights Academy and Step by Step Montessori. Plymouth has a population of about 70,100 and a median age of 37.8. The median income is $111,631. Commute times are about 21 minutes and students exceed the state average standardized test scores by 33.2% in math and 31.6% in reading. For 2008, Plymouth was ranked #1 in Money Magazine's poll on best places to live in the US.
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