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Axios Twin Cities Deep Dive

Picture of the Twin Cities skyline with MSP written across it.

Get smarter, faster about what’s happening in your backyard with local reporter Torey Van Oot.

Axios Twin Cities Thought Bubble

Axios Twin Cities

This luxurious Woodbury home sits on seven-plus acres of land and is loaded with outdoor amenities, like a heated chicken coop.

Listed for $1,125,000, the striking estate is located at 6667 Orchard Ridge Trl.

Why it's a dream home: Who wouldn't want a hot shower in an ultra-modern primary bathroom after a day spent riding ATVs.

Layout: The 3,740-square-foot house has five bedrooms and four bathrooms with an attached three-car garage and a walkout basement.

Design: Darker finishes and inky shades of paint punctuate the main living spaces, while airy windows bring the lush outside in.

Interior features: The renovated home's kitchen has stainless appliances, quartz countertops and backsplash, plus soft-close cabinets and drawers.

Heated floors, touch sensor mirrors and a walk-in shower round out the high-tech primary bathroom.

Exterior features: A fenced garden, cozy deck and trails dot the sprawling property.

modern entryway with bright windows and view of upstairs

Photos: Spacecrafting, courtesy of Taylor Housley

bright living room that opens toward dining areas and kitchen

open concept kitchen with dark cabinetry and bar seating

moody dining room with dark walls and shades

large yard with ample gathering space, garden and outdoor amenities

This luxury home with a chicken coop and ATV trails is listed at $1.13M

Who wouldn't want a hot shower in an ultra-modern primary bathroom after a day spent riding ATVs.

brick and stone house tucked among the trees

Photo: Spacecrafting, courtesy of Taylor Housley.

This luxurious Woodbury home sits on seven-plus acres of land and is loaded with outdoor amenities, like a heated chicken coop.<ul><li>Listed for $1,125,000, the striking estate is located at <a class="gtmContentClick" data-vars-link-text="6667 Orchard Ridge Trl." data-vars-click-url="https://www.redfin.com/MN/Woodbury/6667-Orchard-Ridge-Trl-55129/home/51234316" data-vars-content-id="0fedc9e6-778b-4fe0-9180-656fd95b3dcc" data-vars-headline="This luxury home with a chicken coop and ATV trails is listed at $1.13M" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/MN/Woodbury/6667-Orchard-Ridge-Trl-55129/home/51234316" target="_blank">6667 Orchard Ridge Trl.</a></li></ul>

Real Estate

Axios Twin Cities, anchored by Torey Van Oot, Nick Halter and Audrey Kennedy, is here to help readers get smarter, faster on the most consequential news and developments unfolding in their own backyard

This oh-so-cool Summit Hill home with exposed brick walls and reclaimed wood beams just hit the market for $975,000.

Built in 1889, the modern industrial property is located at 731 Lincoln Ave. in St. Paul.

Layout: The 3,026-square-foot house has five bedrooms and four bathrooms with an open-concept main floor and three-car garage.

Design: Sleek fixtures tuck seamlessly into the warehouse-style materials, making the old feel brand new.

Leaded glass, transom windows and other original elements shine throughout.

Interior features: The renovated home is ideal for entertaining. It has multiple seating areas and a spacious kitchen with a fridge built into the glossy cabinets.

Plus, the primary suite offers heated bathroom floors and two walk-in closets. 

Exterior features: A front porch and fenced backyard round out the house, which is just steps away from the shops and eateries on Grand Avenue.

family room with exposed brick and wood beams throughout

Photo: VHT Studios, courtesy of Marcy Wengler with Edina Realty, Inc.

industrial-style dining room that opens toward kitchen and family room

loft-style kitchen with rustic details and modern appliances

view of kitchen with stainless appliances and large wood island

living area with view of the open-concept main floor

Industrial-style architectural gem in Summit Hill asks $975K

The 3,026-square-foot house has five bedrooms and four bathrooms with an open-concept main floor and three-car garage.

Real estate

This oh-so-cool Summit Hill home with exposed brick walls and reclaimed wood beams just hit the market for $975,000.<ul><li>Built in 1889, the modern industrial property is located at <a class="gtmContentClick" data-vars-link-text="731 Lincoln Ave." data-vars-click-url="https://www.redfin.com/MN/St-Paul/731-Lincoln-Ave-55105/home/51078988" data-vars-content-id="445f888b-2f7c-449f-b093-5f5e46980c94" data-vars-headline="Industrial-style architectural gem in Summit Hill asks $975K" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/MN/St-Paul/731-Lincoln-Ave-55105/home/51078988" target="_blank">731 Lincoln Ave.</a> in St. Paul.</li></ul>

This gorgeous loft in Elliot Park has three levels and is listed $20,000 below the original asking price.

The ground-floor abode is located at 521 S. 7th St. #122 in Minneapolis and is now asking $450,000.

Why we love it: Between the private patio and ample space for a home office and gym, it's the ideal live-work setup.

Layout: The 2,141-square-foot condo has two bedrooms and one bathroom with heated garage parking.

Design: Walls of windows flank the airy main floor, while tall ceilings spotlight a modern light fixture and wood-paneled accent wall.

Interior features: The polished kitchen has black tile backsplash and creamy quartz countertops with a waterfall edge. 

Floating wood shelves and custom cabinets that extend into the dining area complete the up-to-date space.

Exterior features: There's room for a grill and outdoor furniture set on the walk-out patio. Plus, the building offers easy downtown access.

modern living room with a view of dining and kitchen areas

Photo: Spacecrafting, courtesy of Aleksa Montpetit with DRG

modern kitchen with floating shelves and quartz counters

stylish kitchen with waterfall countertops and stainless appliances

bedroom with wall of windows and walk-out patio

private walk-out patio with space for a grill

3-story Elliot Park loft with a private patio asks $450K

living room with brick fireplace and wood paneling

This gorgeous loft in Elliot Park has three levels and is listed $20,000 below the original asking price.<ul><li>The ground-floor abode is located at <a class="gtmContentClick" data-vars-link-text="521 S. 7th St. #122" data-vars-click-url="https://www.redfin.com/MN/Minneapolis/521-S-7th-St-55415/unit-122/home/50169689" data-vars-content-id="a56fa927-ac87-4aa3-b28a-1b72ce7109f0" data-vars-headline="3-story Elliot Park loft with a private patio asks $450K" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.redfin.com/MN/Minneapolis/521-S-7th-St-55415/unit-122/home/50169689" target="_blank">521 S. 7th St. #122</a> in Minneapolis and is now asking $450,000.</li></ul>

Local real estate experts predict 2023 will bring more stability to the Twin Cities' housing market. Here's what they're saying:

1. Inventory levels are expected to remain tight.

Sellers will hesitate to give up their favorable interest rates, and construction activity will slow considerably, predicts Denise Mazone, 2022 president of Minneapolis Area Realtors.

"Recent months have seen slight gains in inventory as buyers have pulled back more than sellers," Mazone, who owns Mazone Real Estate Group, tells Axios.

Rising interest rates and low inventory have caused recent sales activity to decline significantly, says Jerry Moscowitz, president of Minneapolis Area Realtors.

In 2023, sales will likely "return to a more historical growth trend, though the timing will hinge on rates and supply," says Moscowitz, a realtor with RE/MAX Results.

3. Price growth will continue, but at a slower pace.

Realtor Jamar Hardy with Edina Realty says he does not expect price declines this year. 

"In fact, the Midwest tends to have some of the most stable home prices in the country," Hardy tells Axios.

Twin Cities real estate experts predict slower home price growth in 2023

Local realtors expect 2023 will bring more stability to the Twin Cities housing market.

Illustration of the year 2022, with a keyhole for a zero, which zooms in so you can see through the keyhole to the year 2023.

Local real estate experts predict 2023 will bring more stability to the Twin Cities&#x27; housing market. Here&#x27;s what they&#x27;re saying:

Whether you're on the hunt for a city-living unit or a roomy house in the 'burbs, this week's roundup has it all.

Why we love it: This modern condo has high vaulted ceilings, a private balcony and is situated near plenty of restaurants and entertainment venues.

Specs: 2 bedrooms, 3 bathrooms, 1,501 square feet

Listed by: Dylan Olson-Cole at Anderson Realty

Features: Heated underground parking, stainless steel appliances, updated flooring, South- and West-facing windows, walk-in closets, community terrace

open-concept view of dining area and living room

Photo: SinghShots, courtesy of Anderson Realty

sleek kitchen with island seating and faces living area

Why we love it: Enjoy easy access to Highway 100, plus a gourmet kitchen with subway tile backsplash and butcher block countertops.

Specs: 3 bedrooms, 2 bathrooms, 1,706 square feet

Listed by: Ana-Maria Vogler at Coldwell Banker Realty

Features: Detached garage with bonus room, finished basement, stainless steel appliances, fenced backyard with deck

kitchen with white cabinets and sleek appliances

living room that has windows and leads to kitchen

Why we love it: Light and bright, this home's got a walkout family room to a spacious backyard deck.

Specs: 5 bedrooms, 3 bathrooms, 2,744 square feet

Features: Attached two-car garage, finished basement, stainless steel appliances, located near Hyland and Bush Lakes

sunny living room that walks out toward backyard deck

Why we love it: Lots of details in this two-story home, from the built-ins to the primary bathroom with heated floors and free-standing tub.

Specs: 5 bedrooms, 4 bathrooms, 4,001 square feet

Listed by: Kim Ziton at Keller Williams Premier Realty

Features: Attached three-car garage, finished basement with bar, stainless steel appliances, four-season porch, spacious deck, access to a community pool

two-story red home with front porch on a lush yard

Photo: Spacecrafting, courtesy of Kim Ziton

modern kitchen with center island and granite countertops

open-concept layout with dining area, living area and four-season porch

Why we love it: This sweeping house with a view has high-end finishes, plus an office and bonus room.

Specs: 5 bedrooms, 5 bathrooms, 4,869 square feet

Listed by: Sarah Showalter at Fazendin Realtors

Features: Attached three-car garage, finished walkout basement, hardwood flooring, stainless steel appliances, Cambria countertops, center island, deck

Photo: Spacecrafting, courtesy of Sarah Showalter

spacious modern kitchen with island seating and tile backsplash

living room that opens toward formal dining room

Hot homes: 5 houses for sale in the Twin Cities starting at $335K

red and cream home with front porch on lush green yard

11350 Eagle View Terrace. Photo: Spacecrafting, courtesy of Kim Ziton

Whether you&#x27;re on the hunt for a city-living unit or a roomy house in the &#x27;burbs, this week&#x27;s roundup has it all.<h5><a class="gtmContentClick" data-vars-link-text="9 W. Franklin Ave. #302 — $335,000" data-vars-click-url="https://andersonrealtymn.com/featured/9-w-franklin-avenue-unit-302-minneapolis-mn-55404/" data-vars-content-id="ce872c52-73da-4c04-ba40-c82a9b36d20b" data-vars-headline="Hot homes: 5 houses for sale in the Twin Cities starting at $335K" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://andersonrealtymn.com/featured/9-w-franklin-avenue-unit-302-minneapolis-mn-55404/" target="_blank">9 W. Franklin Ave. #302 — $335,000</a></h5>Why we love it: This modern condo has high vaulted ceilings, a private balcony and is situated near plenty of restaurants and entertainment venues.

Sami Sparber

Featured stories

3-story Elliot Park loft with a private patio asks $450K

Industrial-style architectural gem in Summit Hill asks $975K

This luxury home with a chicken coop and ATV trails is listed at $1.13M

Twin Cities real estate experts predict slower home price growth in 2023

Hot homes: 5 houses for sale in the Twin Cities starting at $335K