In 1853, the first private sawmill west of the Mississippi River began sawing logs in what is known today as Minnetonka Mills.  While the sawmills and flour mills are long since gone, what remains today is a growing, thriving community within the cities of Minnetonka and Hopkins.  So why should you choose Minnetonka Mills as a place to settle in and buy a home?  Read on!

Minnetonka Mills is within the award-winning Hopkins School District #270.  This public school district contains about 7,700 students, servicing the city of Hopkins, most of Minnetonka, about half of Golden Valley, and portions of Eden Prairie, Edina, Plymouth and St. Louis Park.  For the sixth consecutive year, Hopkins High School was ranked among the top 5 percent of high schools in the nation.  To learn more, Google “Newsweek magazine’s 2010 annual listing of top U.S. High Schools”. 

The Minnetonka Mills district contains the city of Hopkins.  With a population of 17,800 it still maintains a small-town feeling with its traditional downtown dining and shopping district.  The area is known for its rich selection of antique shops as well as unique restaurants.  Activities abound in Hopkins with its Center for the Arts, Activity Center, Pavilion, Overpass Skate Park and famous Shady Oak Beach.  

What more could you ask for in a community?  Real Estate!  The Minnetonka Mills district contains a wide variety of housing including single family homes with beautiful wooded lots, well-maintained townhome communities, and traditional grid layout housing connecting to nature trails. 

How are real estate prices holding up in the struggling economy?  The year-to-date 2010 numbers show a stable picture.  New listings are up +1.9%, and closed sales are also up +9.6%.  Average days on the market are down -3.2%, coming in at about 120 days.  Best of all, percent of original list price received at sale is up +0.5%!  In comparison, the greater Twin Cities Market year-to-date 2010 has an increase of +4.6% in new listings with a decrease of -19.8% of closed sales. 

© 2010 RE/MAX Results