If you are thinking about living on Lake Minnetonka, make sure you bring your checkbook, trust accounts, inheritance, and anything else you can think of to finance the homesite. But sometimes price just doesn’t matter once you’ve see the sunrise over the crystal blue waters, or heard the birds chirping and the breeze whistling through the trees.

So if you plan on buying or selling in the Lake Minnetonka area, here is a breakdown of market statistics for the month of March:

1 Million – 2 Million : Spring must be here as there was a dramatic increase of listings this past month. There are now 113 active listings, up 17 homes from last month and 32 more than January. In addition, six more homes have gone pending, bringing the total to 16 homes waiting to close. Two of the homes from last month successfully closed in March.

2 Million – 3 Million : This price bracket also saw an increase in homes listed for sale, currently at 38 active listings, up from 26. Of the five homes pending last month, three had deals fall through and were placed back on the market, and the other two closed.

3 Million – 5 Million : There are currently 9 active listings, 2 pending homes, but zero sales. Of the 5 pending homes last month, two are still pending, one has been placed back on the market, and two had deals fall through and were not re-listed. I am sure the home owners are taking some time to regroup before trying again. Selling an expensive home is not an easy task!

5 Million + : Finally, a little bit of activity in the extreme upper bracket! Two new homes were listed for sale, making the grand total 8 active. Of the 2 pending sales in February, only one is pending. The other home sold at a great price of $5,250,000 Million.