Realtors in Maple Grove Know This
Maple Grove Minnesota is a coveted city just to the northwest of the “Twin Cities” of MN. In fact, the city is so close and attached to Minneapolis – Saint Paul metro that one of the largest shopping centers of the twin cities, the Shoppes, is located at the Arbor Lakes in Maple Grove. Apart from serving the retail and medical needs of the twin cities, Maple Grove, MN, is also among one of the most ethnically diverse cities in the United States: Maple Grove is home to the biggest Hindu Temple in the Minnesota state.
And the above-mentioned things are just one side of the story; the economy of Maple Grove, MN, is also something which attracts various outsiders within its reaches and automatically with a robust economy comes a robust real estate market. So, let us explore some of the basics of this cultural city and its real estate industry credentials in the following
Maple Grove Livability
We’ll start first by discussing a little bit about the life and livability of Maple Grove, MN. Maple Grove is a closely-knit community city where everyone gets involved and contributes their part to the well-being and the continued prosperity of the city. This city is filled with numerous outdoor activity opportunities as well as many cultural centers, recreations, trails, and tranquil parks. Add to that the factor of safety and security where Maple Grove, MN, scores a considerable 72% safety rate as compared to all other cities in the United States, as far as crime ratio is concerned. Which means that for the 100, 000 people living in Maple Grove, the crime ratio stands at a meager 4.0 % on a daily basis.
Maple Grove Schools
The second most important preference when moving to any new city is the caliber of education reigns over there; Maple Grove, MN, has a country-wide highly recognized schooling system which scores 24% higher than the national average of the United States in school testing. If the above stats are not enough then take a look at the economy of this city: the income per capita of Maple Grove, MN, is a remarkable 50% higher than the national average of the States and 34% higher then that of the Minnesota state. Income per capita indicates the strength of the job sector and economy of any place in the world, and the same statistic of Maple Grove, MN, clearly indicates the robustness of this city’s economy.
Real Estate Market Maple Grove
So, what’s more, left to determine about Maple Grove? Yes! One thing is left: The real estate market value of Maple Grove, MN, and that is the topic which we will now thoroughly examine from every possible angle so that any of our valued readers who are interested in relocating/investing in Maple Grove should be aware of the possible benefits the real estate market of Maple Grove offers. Let’s start. The real estate market of Maple Grove, MN, is quite an affordable one for many around the country, and the good news is that it is constantly growing which means that this is the best time to move into the city, or much better, invest in its real estate market. Of course, such a move should not be made unless you came into contact with the top real estate agents in Maple Grove, MN, who are the living testimonies of fair and lucrative real estate dealings which leaves buyers, tenants, and purchasers with considerable financial savings.
Current Real Estate Values for Maple Grove MN
As of now, the median home values in Maple Grove, MN, are approx. $301, 800, and this is expected to rise a further 5.9% in the upcoming year or so. The median home’ listings in Maple Grove, MN, currently goes as much as $360, 900 per listing. The homes in Maple Grove, are generally sold between the range of $260, 500 to $330, 600; however, with numerous things to consider in closing up a deal which is beneficial and does not come up with unknown consequences for the buyers/sellers later on. This is where best real estate agents in Maple Grove, MN, comes into the play.
Recent History of Maple Grove Real Estate Values
As with every city in the United States and around the world, the great economic recession of 2007 – 2008 saw an almost 20% downfall in the housing sector within the USA, causing many homeowners to fall behind in their mortgage payments. This gave rise to the mortgage delinquency rates across the States and it literally hit every city in the country. Many homeowners left their homes willingly to the credit institutions (e. g. banks) due to the economic crises of 2007, which significantly increased the amount of foreclosed homes throughout the States. Therefore, as a buyer, you must have to be aware of the type of property you are purchasing otherwise you will end up losing more then you intend to earn from your investment in real estate, or even if you are just looking to buy a home as you relocate to Maple Grove, MN. However, the mortgage delinquency rate in Maple Grove, MN, is 0.5% which is still lower than the national average of 1.5%. But still to avoid the complexities of a foreclosed property and other sidestep issues, trust only on the instincts of the best realtor in Maple Grove, MN. With that being said, it’s time to get into action! Pick up your smartphone or sit on your PC and reach out to the top real estate agents in Maple Grove, MN, and find the best property deals you can possibly wish for in this serene city of Minnesota state.