Lennar has been offering some outstanding values in new homes as they complete their build out of the Wild Meadows development in Medina.  This is the premier development in the northwest suburbs of the Twin Cities.  For a while it absolutely was the hottest upper bracket development in all the western suburbs, but it cooled off like almost everything else the past 12-18 months.

However, according to Lennar, they sold 6 units in October and 5 in November.  Only 2 homes remain to be sold and then they are complete.  There are some additional lots for sale in the development, but those are ownend by various custom home builders.

This is good news for the upper bracket real estate market in Medina.  It’s one more sign that the national home builders are burning off their inventory which will help the resale market, and particularly those homes for sale in Wild Meadows and Foxberry Farms, as that overhang lifts from the market.  But this is also a sign that there is still some life in the housing market.  It’s a matter of providing an outstanding value.  If you do that, customers will come out to buy.