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Foxberry Farms Home Sales Update – December 2009

Home prices in Foxberry Farms continue to slide from their  peak in 2005.   Foxberry has  typically seen the average home sales price in the $700,000′s but this year is the first years since the early days of the development that average home prices are now under $600,000.  That doesn’t mean that homes can’t sell in the $700,000′s, but it makes it a lot more difficult given where the buyer activity is these days.

There remains stiff competition from newer developments including Bridgewater in Medina, as well as Prominence Creek in Maple Grove, and Taryn Hills in Plymouth.   Pulte will soon be launching 70 new housing units in Plymouth starting in March 2010.   The competition is endless.

Foxberry Farms Home Sales - Medina, MNFoxberry Farms Sales by Finished Square Feet - Medina, MN