Most Twin Cities real estate agents would consider $20 million in sales a good year. Jeffrey Dewing, partner in the Dehaven Dewing Real Estate of Coldwell Banker Realty in Wayzata, hit $20.875 million in just two of his transactions.
Correction: The list of the top 10 condominium sales in Minnesota has been revised to insert a new No. 9 and to correct listing and selling agents on Nos. 3 and 10. The story is revised to update the number of top sales in Wayzata.
This seemingly endless pandemic has had some folks searching for wide open spaces, where houses have gyms, room for dogs and gardens and gourmet kitchens for making bread. Still, many people still are opting for the convenience of condominium living.
And many of those opting for high-end condos are buying in Wayzata, according to the Finance & Commerce list of the top condo sales in Minnesota. The top sale on the list is a $3.7 million unit in The Landing Hotel & Residences at 935 Lake St. E.
Eight of the top 10 condo sales in Minnesota this year were in the small Lake Minnetonka suburb. Five sales share the same address, where the 18-unit Wayzata
The Twin Cities’ top home sale of 2020, ringing in at $8.295 million, is a five-bedroom, six-bath, 8,069-square-foot custom home completed in 2018 at 20760 Linwood Road in Deephaven and boasting more than 100 feet of Lake Minnetonka waterfront. (Photo: Anne Bretts/Special to Finance & Commerce)
As we prepare to bid 2020 goodbye and good riddance, there are a few areas to celebrate. One of them has been the remarkable resiliency of the housing market. Stalled for a few weeks when COVID-19 first hit last spring, sales roared back.
“The real driver was interest rates,” said John T. Wanninger of Lakes Sotheby’s International Realty. Low interest, coupled with families trying to work, play and study in the same place has encouraged buyers to buy big homes and add amenities.