Minnetonka Real Estate Prioritizes Privacy, Pristine Nature, & Harnessing The Untapped Potential Of Undeveloped Spaces
Common Motivations For Moving To Minnetonka
The Minnetonka real estate market is characterized by attainable property values (with steady appreciation over time), as well as exceptionally recreation-, retirement-, and family-friendly communities. People considering moving to Minnetonka are attracted by the city’s dedication to residents’ ability to access natural resources. Consequently, though the city only occupies about 30 sq miles (less than 20,000 acres), it is home to 400 acres of parkland, 33 miles of maintained hiking/biking trails, and more than 1000 acres of natural public spaces. That’s in addition to the 20% of its footprint occupied by protected lakes and wetlands.[READ MORE: Location! Location! Location!]
People-Centric Design Is Ever-Present In Minnetonka Real Estate
Minnetonka real estate development and city planning tend to follow a model similar to that of so-called “surban” neighborhoods (which create an authentic mix of urban and suburban opportunities and amenities). That’s because Minnetonka real estate is not organized around one distinct city center — rather, city planners describe its organization as a “series of community clusters,” with different people moving to Minnetonka’s different parts for different reasons. As a result, Minnetonka real estate is known for its unique mixture of urban and suburban design features. This description strikes at the heart of what makes moving to Minnetonka so appealing to many people: every element of city planning — including decisions to do with traffic control changes, land use, and infrastructure investments — contributes to a decidedly people-centric design. That is, Minnetonka real estate development and city planning decisions focus on continuously improving residents’ convenience, health, and the quality of their lived experiences. As a result, after moving to Minnetonka, many people are able to describe the effects of living in a people-centric space (even if they don’t know the phrase “people-centric design”). Those benefits include: higher quality of life, strong foundations for personal opportunities and economic growth, a stable supply of high-quality services, and steady demand for community-integrated businesses.
Surban Planning Is Supporting Economic Growth & The Development Of Strong Social Roots In The Minnetonka Real Estate Market
The city of Minnetonka goes above and beyond in its efforts to create living and community spaces that don’t just respect/protect the surrounding environment, but actually benefit from their immersion in it. This isn’t a new concept (though “surban planning” is a relatively new term), and it’s sometimes been called “suburban remix” development in the past. No matter what name you do (or don’t) know it by, this kind of surban development is one of the driving trends Minnetonka real estate as well as the housing markets of a huge number of other small cities in the U.S.
Surban development, a favorite real estate space for millennials, is something of a “sweet spot” between urban and suburban design. It exemplifies walkable density and infrastructure (lively sidewalks, bike lanes, and bus routes), as well as a focus on creating opportunities for people with diverse lifestyles. This includes creating multiple urban growth centers (as in the Minnetonka real estate market’s community clusters), as well as intentional natural public spaces. This makes areas of surban development are especially effective for revitalizing job and real estate markets that have been slow to recover from the recession (like those of many smaller cities). And in Minnetonka, it’s working; projected job growth for Minnetonka outstrips that of the U.S. at large by 5%, while the average income of Minnetonka residents has increased 3.8% in the last year (vs. 3.1% nationally) as have home values (4.78% vs. 3.8% nationally)[READ MORE: Move To Minnetonka And Enjoy An Amazing Outdoor Lifestyle]
Moving To Minnetonka Is As Easy As Contacting The Exceptional Home Team
If you’re interested in moving to Minnetonka (or within Minnetonka), you’re certainly not alone. That’s why members of The Exceptional Home Team are standing by to help you find the perfect Minnetonka home! Contact us today to get started or get a free estimated home valuation if you’re interested in cashing in on buyers’ increasing interest in Minnetonka real estate!