Home Sales Down Again

We had a nice (but small) improvement in real estate sales in January of almost 3.7%, which was the first increase since April 2010, when the federal tax incentives were in play.  Unfortunately, the new stats out this week show that pending sales are down again for almost the 12th month in a row.  Numbers [...]

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Mosquitoes on Lake Minnetonka Already?

We get a couple warm days and the Minnesota state bird comes out of hiding.  Mosquitoes are already starting to hatch.  I killed one slow moving one last night!  Since they are cold blooded, they slow down when it cools off (it was about 50 degrees when his short life was ended!). The Metropolitan Mosquito [...]

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Petters Forfeiting Lake Minnetonka Area Homes to Government

The court has issued a ruling today stating that Tom Petters must forfeit his homes to the government immediately.  His primary Lake Minnetonka Home is for sale at $6.3 million and is located next to Wayzata.  It has been on the market for more than 1 year.  Petters also owns a nearby Plymouth home where [...]

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No Milfoil Treatment for Two Lake Minnetonka Bays

Despite having raised almost all of the money through fund raising and private donations, the Department of Natural resources has decided to not treat the Eurasian water milfoil and curly-leaf pondweed in two Lake Minnetonka bays. The DNR notified the Lake Minnetonka Association at the end of February of its decision. St. Albans and Gideon [...]

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Lake Minnetonka Home Association Fight with Zebra Mussels

The Lake Minnetonka Association serves as the voice for Lake Minnetonka home owners and businesses.  The zebra mussel has been a huge concern of lake users as this evasive species has been found within 20 miles of the lake.  With boaters moving their boats between lakes in the Twin Cities, it is just a matter [...]

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Lake Minnetonka Real Estate Update-February 2010

The Lake Minnetonka area has been affected just as hard as the rest of the Twin Cities metro real estate market.  Most of the stats show decreases both for February and year to date.  This is not surprising as no area is immune to this 2+ year real estate decline. New Lake Minnetonka Homes for [...]

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