While pending sales seem to be rocketing every week, homes over $400,000 continue to have difficulty selling.  I specifically wanted to look at half million dollar homes and higher for the City of Plymouth, MN. You can see in the table below that sales dropped significantly for Q109 compared to Q108 – a drop from 20 home sales to 13. While that doesn’t sound like a lot, it is a large percentage drop and if you’re one of the 102 property owners whose home is $500,000+ who still has a house to sell in this market.
- Plymouth, MN Residential property sales of homes, townhomes and condos – sales price of $500,000 or more
- Time frame – Q1 2005 through Q1 2009
- Source: RMLS 13 County Metro
- Search performed by John Murphy, RE/MAX Results and publisher of “John Murphy’s Medina Real Estate Report.”
(Click on the picture to enlarge in a new window)
