MINNESOTA MORTGAGE RESOURCES

MN MORTGAGE LOAN TYPES

MINNESOTA FHA MORTGAGES

MINNESOTA VA MORTGAGE LOANS

MN RURAL HOME MORTGAGE

MINNESOTA MORTGAGE LOAN INFO

MORTGAGE CALCULATORS

VENTURE DEVELOPMENT COMPANY INFO

MEDIA LEARNING CENTER

FREE MORTGAGE REPORTS

SEARCH ONLINE FOR MN HOMES

MORTGAGE FORECLOSURE

MORTGAGE PRESS RELEASES

REAL ESTATE INVESTMENT ARTICLE DIRECTORY

NEWSLETTERS

MINNESOTA CITIES & COMMUNITIES

TWIN CITIES MN LAKES

CORPORATE MORTGAGE BENEFIT

RELOCATION TO TWIN CITIES MN

HAPPY CLIENT TESTIMONIALS

                                      SEARCH FOR EDINA REAL ESTATE 

                                                         EDINA

I have lived in Edina since 1986.  I love this community and you will too.  It has so much to offer-great schools, great community, great shopping, and great location.  We have low crime and convenient access to the entire Twin Cities metropolitan area.  Our real estate is priced a little more than other areas within the metro, but that is because demand is strong. 

A central part of the Greater Metro Area, Edina, Minnesota is one of the busiest suburbs surrounding the Twin Cities. Located just southwest of Minneapolis, Edina is a thriving business and shopping community, while retaining a friendly family atmosphere perfect for raising children. This quickly growing area has become an extremely popular area for those who work in the Twin Cities, but desire a more residential, easy-going pace of life. Edina real estate has flourished in the last few years, offering a wide variety of opportunities for first-time buyers looking to relocate and settle down in the suburbs. If you are presently in the market for a home, Edina is certainly a viable and attractive possibility.

 

Though it is outside of Minneapolis, there is no lack of shopping and entertainment options in Edina. The Southdale Center is one of the largest malls in the Twin Cities, offering 1.3 million square feet of department stores, restaurants and an attractive multi-plex movie theater. If that isn’t enough, Edina is within striking distance (an easy ten minute drive at most) of Bloomington’s famous Mall of America, one of the premiere tourist attractions in all of Minnesota. Additionally, the area between West 50th Street and France Avenue South is an extremely popular location for commercial and independent shopping. Many residents of the Twin Cities regularly find themselves trekking out to Edina because of its dense shopping culture.

More than anything, though, Edina prides itself on being a strong family community. The strength of the public school system in Edina is one of the reasons so many migrate to this budding area. Edina High School routinely is ranked nationally as one of the top schools in the nation, with a strong academic backbone, along with competitive extra-curricular activities to supplement. Publications such as Newsweek have honored its academic achievements, and its well-regarded sports program has been mentioned in Sports Illustrated. Most impressively, nearly 96 percent of high school graduates go on to college, and 85 percent complete an undergraduate degree within five years. The success of this town’s youth is truly a testament to the community of Edina.

Edina has a great deal to offer in terms of real estate. Some of the most spectacular multi-story homes in the Twin Cities can be found here, but the real estate is by no means limited to the extremely affluent. There are a wealth of single-family starter homes available in great neighborhoods at reasonable prices, as well as multiple condominium developments. In the current buyers market of real estate around the Twin Cities, the time has never been better to buy a dream home. If you are considering your options, I would encourage you to contact me and I would be happy to help assist you.

 

Buying a home, whether you are a first-time buyer or a seasoned real-estate investor, is an extremely important decision. It’s important to have all of your options easily accessible so you can make sure you are buying the home that is right for you. For your convenience, we are a fully cooperating member of the Twin Cities real estate community. The multiple listing service, or MLS, allows all member agents to view what is available in the market so you don’t feel compelled to go with an agent you are not comfortable with. So regardless of the company sign in the yard, please feel free to give me a call to arrange an appointment to view a home that you are interested in. Our website contains many helpful tools to get you started on your journey today, including mortgage rate calculators, mortgage rate quotes, and online mortgage applications. If you would like to browse for yourself, check out our Search Online Now! application. This will grant you access to all of the homes currently available through our multiple listing service.

 

If you are looking to relocate to Minnesota, I will be happy to help you out with our relocation package and guide. I, as well as many of my clients, are relocation specialists, and depending on your situation, there are various employee and corporate relocation packages available. Many of us own rental property ourselves as well and would be happy to assist you in finding a rental, or to arrange a tour with you to acclimate you with the area. Please check my website as well for our convenient relocation salary calculator and other relocation services.

I’m extremely familiar with the area and have lived in the Twin Cities my entire life. When making an important life decision, such as relocating and/or purchasing a home, it is important to have someone on your side to give you honesty and expertise. I strongly encourage you to contact me with any questions you have or to set up an appointment. I look forward to working with you.

 

MORE INFO ABOUT EDINA:

Edina

Edina is a first-ring suburban city in Hennepin County, State of Minnesota which started out as a farming and milling community back in the 1860s but has now developed into a metropolitan community.  Most of the original residents of Edina were Scottish and Irish immigrants and some have remained to see their city grow into a community that offers one of the best living conditions for its residents.  With 39 parks, high quality medical and educational facilities and regional shopping areas, Edina has indeed become a city to watch out for.

History

Edina used to be part of the City of Richfield in Minnesota in the 1850s after the original 17 family settlers migrated to the Richfield Village due to Ireland’s potato famine. The English and Scottish farmers followed and established a community along the Minnehaha Creek.  Edina was born after the residents decided to separate from Richfield Village in 1888 and establish a new village.  Among the names that were floated around include Westfield and Hennepin Park but it was Edina which was chosen by the villagers.

If you take a look at Edina’s street names, you would notice that most of them are the names of the families who once occupied Edina among them Code Avenue, Grimes Avenue, Cooper Avenue and Gleason road.

Community Profile

Being a resident of one of Minnesota’s ritziest cities can have its price but no one is complaining since majority of Edina’s residents are considered rich, with the average household income amounting to $66,019 in 1999 compared to the $37,974 average household income of Minneapolis.  The city’s per capita income amounts to $44,195 while the average income for every family amounts to $93,496.  Poverty is rare in Edina with only 2% of the total number of families and only 3.3% of the total population living below the poverty line.

Edina has a total population of 47,425 people as of the 2000 Census.  A total of 12,870 families live in the city’s 21,669 housing units.  Majority of the residents are Whites (94.28%) followed by Asians (2.99%), African Americans (1.15%) and the rest are native Americans, Pacific Islanders and those from other races.  The city’s population has an average age of 44 years, with 22.9% below the age of 18 and 22.7% were 65 years or older.

The high quality of life in Edina is evident with the vehicle ownership statistics in the city.  A total of 81% or 18,269 of Edina’s workforce drove a car alone when going to work while only 3% or 711 used the bus and 7% or 1,469 carpooled.  A small percentage of the workforce uses the taxi, motorcycle and bicycle when going to work.

Business

Money is circulating in Edina and if you are planning on corporate relocation or employee relocation or just plain vacation then you would not be disappointed with Edina’s commercial establishments.  This is shopper’s destination and if you happen to pass by here do not miss Southdale Center, a fully-enclosed. Climate-controlled shopping mall considered a first in the United States.  Other shopping centers include the Centennial Lakes Plaza, Yorktown, Galleria and 50th & France which Edina shares with Minneapolis.
 
Alcoholic drinks are controlled in Edina and these items are sold only in municipal liquor stores in Southdale, Vermon & Interlachen Blvd and 50th & France.  Nowhere else can you find this commodity in Edina.  Despite its commercial success, there is only one hotel in Edina and this is the Residence Inn by Marriott. The 225-room, 6-suites and 79-Condominium Westin Edina Galleria Hotel & Residences is still under construction and is expected to be completed by 2008.

Housing

Most houses and condominiums in Edina use utility gas (94%) while only a few use electricity (5%) and fuel oil or kerosene (1%) as their heating fuel.   Apartments are however a different story as only 66% of the dwellers use utility gas, 28% use electricity and the rest use fuel, kerosene, bottled, tank or LP gas.

One of the set-offs when living in a rich city like Edina is the ever increasing cost of living particularly the sky-rocketing housing costs.  The average price of houses for sale in Edina has increased by $185,000 from only $215,000 in 1997 to $400,000 in 2004.  It is thus a good idea to invest in real estate properties in Edina now before real estate prices sky rocket in the future. 

Corporate relocation is becoming a trend because of the increasing number of ordinary people being displaced in Edina due to a wide disparity between their incomes and the cost of housing.   If you belong to the high-income bracket employees and your company offers you a relocation package in Edina which includes a condominium, duplex or a new home then make sure you know about the real state of real estate in Edina by consulting a real estate agent.

To solve the growing disparity problem, the Edina Affordable Housing Taskforce has released a set of recommendations for affordable housing in Edina.  The community has participated in the consultation and the results of the study will be used to jumpstart a plan for affordable housing in the community.

Despite the growing concern for expensive housing in Edina and a median rent rate of $654, the city only has a 5% vacancy rate.  Majority of the 29,669 housing units or 76% 916,072) are occupied by the owners.


Famous Citizens

Edina is a rich city and it is not surprising that not a few billionaires have made the city their home.  Among them are Best Buy founder and chairman Richard M. Schulze (who is a present resident) and Minnesota Twins baseball franchise owner Carl Pohlad. Schulze is No. 102 in Forbes’ List of 400 wealthiest Americans in 2007 while Pohlad is No. 107 in the Forbes List of the United State’s richest persons in 1992.

Famous singer and song writer John Denver lives in Edina with his first wife Ann Martell from 1968 top 1971. Professional Tennis player Mardy Fish, professional Wrestler Ric Flair and Author Vince Flynn are also from Edina.  Professional golfer Hilary Lunke (who won the US Women’s Open in 2003) and Ice Hockey Player Bill Nyrop (who won three National Hockey League Stanley Cup Championships) are also from Edina.
 

I live in Edina, and have since 1986.  This is my home town.  Prior to that I lived in Eden Prairie and So. St. Paul.  I love this city-you will too. 

Here is a link to the City Of Edina website:  http://www.ci.edina.mn.us

Learn about real estate market trends for over 100 cities in the Twin Cities metro area
http://www.selling.mn/bin/web/real_estate/AR220116/EXTRA2/Edina/1185571740.html