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Trends

Ben Ganje + Partners Real Estate Group Market Guide 2015

Strong sales. Strong brand. Strong service. Thinking about selling or buying this year? Working with an established market leader in the Twin Cities will define your next real estate experience. Ben Ganje + Partners has consistently united extraordinary homes with extraordinary lives while continuing to deliver a level of unparalleled service. For a complimentary consultation to understand the current real estate market conditions, call us today.

612-460-5638

If your home is currently listed with another broker this is not intended as a solicitation of that listing.


Twin Cities Real Estate Market Leaders

Lauren Hedelson 612.615.6625 Lauren.Hedelson@lakesmn.com

Ben Ganje 612.460.5638 Ben.Ganje@lakesmn.com

Erin Habedank 952.217.7632 Erin.Habedank@lakesmn.com

Josh Neumann 612.206.4262 Josh.Neumann@lakesmn.com TRENDS 2015 • ben ganje + partners

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Meet our Preferred Partners

Ben Ganje + Partners’ best of the best. Within our annual guide we go further this year by showcasing our

Perspectives & Optimism

preferred partners; the trendsetters and tastemakers of the real estate market who bring a distinct level of service to our clients.

Builders Reuter Walton Construction 27 Hage Homes 41 Architects  Peterssen/Keller Architecture 23 Rehkamp/Larson Architects 35 Jalin Design 43 Designers Martha Dayton Design 25 Studio M Interiors 33 FIX Design Haus 47 Photography Spacecrafting 49 Lender Wells Fargo Private Mortgage Banking 51

The Twin Cities are changing in a significant and dramatic way. It has been over a decade now since I started my career in real estate. My team and I have been able to sharpen our teeth on the challenging times of the market cycle. Over the past few years, something has changed in a significant way within the market; there is now a renewed sense of optimism. Not just a cautious sense of optimism, but a confident perspective by both Buyers and Sellers. A common theme can be seen from our metrics on page seven; a lack of inventory, solid interest rates for buyers and competitive bidding for properties priced right make for an exciting year. In 2015, we continue to deliver marketing and service of exemplary quality, regardless of your home’s price range. In an era where excellence is thought of as merely an expert in a given niche, we are market leaders in the industry. Where everything in our world has simply become financialized down to a spreadsheet, we are agents articulating value and being advocates for our clients throughout the entire buying/selling process.

We unite extraordinary properties with extraordinary lives. In our annual guide, we have assembled our portfolio of inventory, maps, metrics and commentary on macro level trends affecting the real estate market. We hope you find this guide insightful as you prepare to buy or sell in the coming year and invite you to engage in our professional real estate services. Our mission is to elevate your real estate experience with a tailored, full-service approach that is unique within the real estate industry. We have consistently been one of the top 10 real estate teams in the state of Minnesota. To those who have trusted us to represent you, we sincerely thank you for your business. In the year ahead, we look forward to the opportunity to offer you outstanding results! Ben Ganje

3 TRENDS 2015 • ben ganje + partners


Contents

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15

Key Observations

At A Glance

Get a dashboard view on the progress

Our significant sales from 2014.

of the real estate market detailing trends and key metrics.

9 Available Properties Our exclusive listings featuring new

17 Top New Restaurants Our list of top new restaurants of 2014.

construction, condos and single

19

family homes.

Living for the City

11 Power of Sotheby’s Uniting extraordinary homes with extraordinary lives.

Explore the overall trends shaping why buyers are moving to high density niche markets.

29 Map - Minneapolis Lakes Area

37 Map - Lake Minnetonka

39 Enclave of Wayzata Learn more about our private collection of custom homes nestled in the heart of Wayzata.

45 Map - Edina

21 Map - Downtown Minneapolis

TRENDS 2015 • ben ganje + partners

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Key Observations

What is the current value of my property? The market is clearly gaining momentum. Sellers are continually reaching out to us to gauge the value of their current residence. Online sites can only go so far to assess the value of properties based on a few metrics. We take the valuation process much further. Look closely at key data points outside of a few solds in a given area to focus on the demand in a given market, key attributes of your property, condition and most importantly timing within the market in the event you wanted to sell. In the current real estate market, presentation is everything. We look carefully at capital improvement costs; updates ranging from minor repairs, painting, staging to maximize the value of every one of our Seller clients properties.

$200,000

$219,001 $175,000

The median home price in the Twin Cities has increased 46% since 2009

“By almost all measures, the economic landscape has improved. Recent gross domestic product growth is rising at a 5.0 percent annual rate. The national

$150,000

unemployment rate is under 6.0, down from a 10-year high of 10.0 in October 2009, and stocks are reaching all times highs. The deficit is down by two-thirds, gas prices are at multi-year lows and we’re in the midst of the largest stretch of job gains on record. Given all that, 2015 should hold much promise. Here’s to making the most of it.” - Minneapolis Area Assocation of REALTORS

2009

2010

73 Average days on market in Hennepin County

7 TRENDS 2015 • ben ganje + partners

2011

80

2012

2013

14

2014

+6.1%

+2.3%

The number of stories

most job openings in 14 years

pending sales increase

Seller activity increase

Duval Development previous proposing for redevelopment of the city-owned ‘Nicollet Hotel Block’, 100 feet taller than the IDS Center. The city of Minneapolis later declined the proposal.

US Employers advertised the most job openings in nearly 14 years, confident of strong economic growth will create more demand for their goods and services.

Overall pending sales increased 6.1% for the year. In 2015, watch for stonger seller activity to increase levels, which could alleviate shortages in certain areas and segments.

Seller activity increased 2.3% to 73,768 new listings. Expect that to continue in 2015.

Source: Labor Dept

49,541 closed sales in the Twin Cities region in 2014


Thinking about building a new home in 2015?

In the last 12 months, new construction homes made a significant leap back into the real estate market. Building a home is a dynamic process which requires understanding of new construction financing, construction materials and total costs involved including lot acquisition and build. Having a seasoned Realtor® navigate the process will define your overall experience. For years, we have walked our clients through from concept to closing. If you are in the beginning stages of the process, leverage our professional experience.

46th and Abbott Ave. S. - Minneapolis 59’ LOT- Call for pricing

Ben Ganje + Partners

4340 Abbott Ave. S. - Minneapolis 4 Bed 4 Bath 3,600 sq ft. Call for Pricing

3905 Vincent Ave. S. - Minneapolis 4 Bed 4 Bath 3,200 sq ft $999,000

201 S 11th Street #2620 - Minneapolis 3 Bed 2 Bath 2,770 sq ft $1,999,900

3103 Dean Court - Minneapolis 3 Bed 2 Bath 1,560 sq ft $349,000

9 TRENDS 2015 • ben ganje + partners

4228 Zenith Ave. S. - Minneapolis New Build - Call for details

4525 Park Commons Drive #102 - SLP 2 bed 2 bath 1,350 sq ft $349,900

In a fast paced market, working with a seasoned agent will define your buying experience.

Looking to learn more about the buying process?

Our philosophy of the buying process is based on educating our Buyer clients. On average, it takes three to six months before our Buyer clients begin submitting offers. The reasoning is simple, we want everyone to be informed and confident of their decision to make a purchase. If you are just beginning to think about making a move reach out to us for a complimentary consultation to discuss the market and your search criteria. 1805 W Lake #302 - Minneapolis 3 Bed 2 Bath 2,400 sq ft $2,100,000

Available Properties

747 Kenwood Parkway - Minneapolis 2 Bed 3 Bath 2,680 sq ft $849,900

3201 Colorado - Saint Louis Park 3 Bed 3 Bath 2,115 sq ft $499,000

100 3rd Ave #601 - Minneapolis 1 Bed 1 Bath 1,010 sq ft $339,000

215 10th Ave S #406 - Minneapolis 2 Bed 2 Bath 1,610 sq ft $674,900

730 Stinson Blvd. NE #502 - Minneapolis 2 Bed 2 Bath 1,504 sq ft $474,900

929 Portland Ave. S #2104 - Minneapolis 2 Bed 2 Bath 964 sq ft $249,000


Sotheby’s Worldwide

Ben Ganje + Partners Marketing & Sales Strategy We understand that marketing is instrumental in the sale of every property. To maximize web exposure, we have partnered with Lakes Sotheby’s to distribute properties to the most significant media companies and real estate-focused websites in the world.

At least 94% of consumers begin their home buying process online.

Professional Photography

Social Media

Working with the best in the business, we hire professional photographers to capture the right images to best represent your home. Considering the high importance of having a strong online presence, we stress the importance of a large variety of quality, professional photography to best represent your property on each and every website, as well as all print media.

Social Media, like Real Estate is about connecting people, and cultivating relationships, which makes it the ideal tool for marketing your home.

Setting the Stage Sellers are rewarded with higher returns when they stage their home to the public. Before your house is shown, we’ll help you strengthen buyer reception with a complimentary staging analysis and recommended enhancements.

Property Brochures By combining professional style, photography and attention to details, your home’s brochure will act as an essential tool in attracting qualified buyers.

105 Thunderbowl Road, Aspen, Colorado

8540 Bellagio Drive Naples, Florida 3 Beds 3 Baths 3,250 sq ft $899,000

Kata Phuket, Thailand 3 Beds 4 Baths 4,456 sq ft $1,457,149

4 Beds 5 Baths 5,521 sq ft $4,975,000

26954 Malibu Cove Malibu, California 4 Beds 3 Baths 3,701 sq ft $7,995,000

1360 Tesuque Creek Rd Santa Fe, NM 3 Beds 2 Baths 2,150 sq ft $895,000

192 Lenox Avenue, Unit 2 New York, New York 2 Beds 2 Baths 1,081 sq ft $895,000

190 Dogwood Lane, Salt Spring Island, British Columbia, Canada 4 Beds 3 Baths $1,498,955


Meet Ben Ganje + Partners

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Ben Ganje 612.460.5638 Throughout the years I have developed strong negotiation skills, a comprehensive understanding of key metrics relating to each transaction, and knowledge of niche market conditions. I partnered with Lakes Sothebys to provide a higher level of service to my clients and in turn created a sales team in which each individual has specific roles and responsibilities tailored to benefit our client experience.

2 2

3 4

Lauren Hedelson 612.615.6625 I’ve always had a passion for real estate. Growing up with my dad as a builder allowed me to gain an in depth understanding of the construction process. As the teams’ business manager, I am committed to making our client’s real estate needs my highest priority by providing a personalized service and attention to detail.

3

Erin Habedank 952.217.7632 Buying real estate is both an emotional and detailed process. I engage with our clients by helping them find sound investments, guiding them through the ups and down of the buying process and being a listening ear during moments of frustration and excitement.

4

Josh Neumann 612.206.4262 Being a part of a real estate transaction is more than selling “real estate”…it’s selling a home – a place where memories are made. In my head, I understood I was selling a home, but I had to feel it in my heart. Realizing I was part of that memory-making process drives my passion in real estate. 13 TRENDS 2015 • ben ganje + partners


Our significant sales in 2014

Ben Ganje + Partners At a Glance

222 2nd Street SE #1702 Minneapolis $2.2M Represented Buyer 5200 France Ave #30 Edina $1.725M Represented Buyer 3 Peterson Place North Oaks $1.580M Represented Buyer 4124 Queen Avenue S Minneapolis $1.275M Represented Buyer 4310 Abbott Avenue Minneapolis $1.15M Represented Seller

2013 and 2014

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Top

700 2nd Street S #W42 Minneapolis $1.1M Represented Buyer

Top Sales Team at Lakes Sotheby’s

Average days listed on the market

Buyers Represented

Sellers Represented

Sales team by volume in Minneapolis

5

2606 W 40th Street Minneapolis $1.025M Represented Seller 639 City View Drive Minnetonka $1.06M Represented Seller 4027 Sheridan Avenue S Minneapolis $960k Represented Buyer 2700 W 43rd Street Minneapolis $945k Represented Seller

Our recent sales activity Edina $383,370 Minneapolis $937,000 Saint Louis Park $391,000 Excelsior $430,800 Edina $545,000

Maple Grove $555,000

Minneapolis $275,000 Minneapolis $217,000 Minneapolis

$356,000 Minnetonka $283,000 Plymouth $486,806 Golden Valley $312,500 Minneapolis $445,000

Minneapolis $385,000

Edina $492,500

Edina $640,000

Minneapolis $895,000

Minneapolis $505,000 Minneapolis $360,000 Minneapolis $615,900 Saint Louis Park $453,094 Minneapolis $206,000

Minneapolis $316,000 Minneapolis $307,000 Minneapolis $699,900

Minneapolis $217,500

Minneapolis $414,059 Minneapolis $394,900 Minneapolis $194,900

Hopkins $319,200 Minnetonka $850,000 Minnetonka $234,500 Saint Paul $371,500 Orono 15 TRENDS 2015 • ben ganje + partners

$254,000 Minneapolis $652,185 Minneapolis $730,000 Minneapolis $875,000 Orono $433,400


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Spoon and Stable 211 North 1st Street Minneapolis spoonandstable.com 612-224-9850

Heyday 2700 Lyndale Ave. S. Minneapolis heydayeats.com 612-200-9369

Third Bird 1612 Harmon Place Minneapolis thethirdbirdmpls.com 612-767-9495

Coup d’Etat 2923 Girard Ave. Minneapolis coupdetatmpls.com 612-354-3575

CoV 700 Lake Street E. Wayzata covwayzata.com 952-473-5253

Chef Shack Ranch 3025 E. Franklin Ave. Minneapolis chefshackranch.com 612-354-2575

Hola Arepa 3501 Nicollet Ave. S. Minneapolis holaarepa.com 612-345-5583

Agra Culture 2939 Girard Ave. S. Minneapolis agra-culture.com 612-315-3349

Rabbit Hole 920 E Lake Street Minneapolis eatdrinkrabbit.com 612-236-4526

Brasserie Zentral 505 S.Marquette Ave. Minneapolis zentral-mpls.com 612-333-0505

Our Favorite New Restaurants “It’s not French by design. It’s American by design, American by taste and Minnesotan by hospitality,” Gavin Keysan - Spoon and Stable

TRENDS 2015 • ben ganje + partners

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W

hat would you do with an extra hundred hours a year? With the average one-way commute in Minnesota stretching to over 22 minutes, it’s clear that a huge portion of our free time is being swallowed by the drive to and from work. If you could cut your commute in half, you would gain one full week per year of free time—free time without potholes, bottlenecks, and road rage. If that prospect seems too good to be true, consider a surprisingly simple solution: Move closer to work.

Trending: Living for the city Written by Ian Traas

For the thousands of Minnesotans whose livelihoods lie in the metro area, the dream of living closer to their workplace is morphing into a realistic possibility thanks to the great strides in urban growth over the past few years. Moving towards high density living often means a leap toward convenience, with housing, public transit, and business districts in close proximity to each other. This shift in lifestyle is playing out on a national scale; homebuyers are moving back to urban centers in record numbers. It’s not difficult to see why. In addition to shorter commute times, homebuyers are citing convenience to leisure activities, quality of neighborhood, and overall affordability of homes as influencing factors when asked why they purchased in a metro area. People of all ages are flocking to homes within 5 miles of a downtown zone, with each of the USA’s 150 largest cities witnessing downtown populations swell by at least 10%. Zeroing in on Minnesota, that record growth has given a lift to areas like Edina, the lakefront hideaways of Minnetonka, and downtown Minneapolis’ bustling North Loop. Each of these unique locations have seen a surge of vibrancy as homebuyers take a renewed interest in urban areas, bringing new restaurants and shops in the wake of their increased popularity. Those hundreds of hours trimmed from commutes are being

spent enjoying everything the city has to offer, from adventurous culinary bistros to the stunning natural beauty of our parks and lakes. Thanks to an emphasis on preservation, the Minnesotan version of high density lifestyles comes complete with urban green zones. The North Loop boasts the highest rate of growth in the entire state and buyers eyeing a slice of downtown living are experiencing a huge increase of options in nearly every area. Luxurious condominium developments are springing to life right next to new restaurants offering farm-to-table dishes, all within minutes of the gym, the river, or an array of boutiques and department stores alike. Headed to work? Leave the car parked and take the lightrail, your bike, or walk to your office in any season by using the vast network of skyways. But if you just can’t bear the thought of giving up your yard, a look at some of the other areas surrounding the Twin Cities opens possibilities to increase convenience when buying your perfect house. If you primarily spend your free time outdoors, the lakes on

“If you would cut your commute in half, you would gain one full week per year of free time...” Minneapolis’ west edge offer a range of neighborhoods that strike a balance between breathtaking natural scenery and close proximity to downtown’s cultural vibrancy. Cedar Lake, Lake of the Isles, Lake Harriet, and the hub of Lake Calhoun all harbor thriving communities suited to family activities. Take in movies and music at the park before a jog around the waterfront, or spend the day at the museum before a quick shopping excursion just minutes away from home. Much like the Lakes area, Edina has a reputation for being one of the most affluent portions of Minneapolis. For families primarily concerned with education, Edina High School is ranked as the #1 school in all of Minnesota, with a 98% graduation rate and 85% of graduates pursuing higher education. While in close proximity to downtown (Edina is situated immediately southwest of the downtown zone), the area has its own family-friendly flavor, with not just top-notch education, but parks, golf courses, country clubs, and shopping centers as well. For those looking for a home in an urban center with a slightly slower tempo, Edina is rich with possibility. You don’t have to settle for what you’re given, either; many buyers are opting to build new homes in areas like East Edina and Wayzata.

Dream homes are being constructed in historic neighborhoods that still lie very close to the crackling energy of downtown. With building permits in Minneapolis exceeding $2 billion in 2014, there’s been a strong move towards structurally updating zones that are experiencing the most growth. If you prefer to spend your summer days boating, fishing, and skiing, a home close to Lake Minnetonka has exactly what you’re searching for. Located 12 miles west of downtown Minneapolis, Minnetonka is still quite close to the heart of the metro area, though living right next to one of the largest lakes in Minnesota could convince you otherwise. With a robust boating culture, Lake Minnetonka gives homes in the area direct access to the majesty of our state’s defining natural amenities. No matter what type of character you’re looking for in a neighborhood, the areas in and around the Twin Cities have a massive number of options to choose from. With urban centers across America seeing new life and vitality ushered in thanks to residents returning to cities on a massive scale, there’s no better time than now to consider purchasing a home that fits your unique needs. Turn those hours wasted on the highway into something truly valuable: A brand new life. TRENDS 2015 • ben ganje + partners

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Groveland 21 TRENDS 2015 • ben ganje + partners

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Population: Condos sold in 2014: 277ST CATHERINE UNIVERSITY (St Mary’s Average Days on Market: 33.9 Campus) AUGSBURG Average List price: $518,157 COLLEGE Average Sale price:Murphy $530,647 Square Average Square feet: 1,512 94


Gabriel Keller

Lars Peterssen

Meet our Preferred Partners

Peterssen/Keller Architecture 612.353.4920 pkarch.com Peterssen/Keller Architecture is an award-winning full-service architectural firm that specializes in custom homes, lofts, cabins and boutique commercial projects. Our collaborative, client-focused design process results in unique residences that are as distinct as their owners. As residential architects and designers, we integrate sustainable design practices into every project, from small additions to LEED-certified new homes, finding solutions that merge environmental thinking with exceptional design. At Peterssen/Keller, every client is our passion, and every project is an opportunity to create a home crafted to last a generation. TRENDS 2015 • 24


Courtney Johnson Martha Dayton

Martha Dayton Design 811 Glenwood Ave S • Suite 370 Minneapolis, MN 55405 612.824.1751 phone • fax marthadayton@marthadaytondesign.com www.marthadaytondesign.com Martha Dayton Design 811 Glenwood Ave S • Suite 370 Minneapolis, MN 55405 612.824.1751 phone • fax marthadayton@marthadaytondesign.com www.marthadaytondesign.com

Kelly Perry

Martha Dayton Design is an awardwinning Minneapolis-based design firm that provides a full range of interior design services. We focus on helping clients create an environment that honors who they are while elevating their design sensibilities. Founded in 2005, Martha Dayton Design works with both residential and commercial clients to seamlessly carry out plan review, finish specifications, furniture selection, and installation of the finished materials.

Martha Dayton Design 612-850-9493 marthadaytondesign.com

Meet our Preferred Partners

TRENDS 2015 • 26


Nick Walton

Meet our Preferred Partners

ReuterWalton Construction 612.823.3489 reuterwalton.com Reuter Walton Companies focuses on helping its clients build, develop and restore its property. Experts in all areas of residential and commercial construction and development with a keen eye for detail. Every project has its own life and its own personality. Having decades of experience in the industry, we see each project as a challenge and great opportunity to use this experience. TRENDS 2015 • 28


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and into cozy cottages on the lakes (Calhoun and Harriet). The cottages are now mostly spacious bungalows and Tudors, but the attitude is still the same.

Download an interactive map at YourUrbanLife.com

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terrain. It was developed in the 1880s as a way to lure homebuyers out of downtown

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neighborhood is named from the linden trees in the area as well as for the rolling

lakes, and parks. The infamous (at least locally) Lake Harriet Bandshell, provides great

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Linden Hills is the signature neighborhood of Southwest Minneapolis. The

Linden Hills is home to over fifty miles of public pathways which connects creeks,

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Spotlight on: Linden Hills

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Upton Ave S

ior

WHITTIER

MINNEAPOLIS

38th St W

Xerxes Ave S

els Exc

lvd

Whittier

36th St W

Xerxes Ave S

Excelsior r & Grand

France Ave

St Louis Park Cinema

17

yD

ECCO

The Bakken

36th St W M

Rec ont Center ere

Lake Calhoun

Minneapolis Institute of Arts & Lincoln The Children’s International Theater City of Lakes Waldorf MCAD

Lake St W

Dupont Ave S

3

Calhoun Pkwy W

vd Bl or

lsi ce Ex

MINIKAHDA

28th St W

kwy E un P

Museum of Broadcasting

Jefferson Elementary

Uptown Calhoun Square

Ca lh o

WEST CALHOUN

St W

Franklin Ave E

PHILLIPS

Lagoon Ave

Calhoun Commons

IL 25 NAL TRA GIO E R T E LR AK L R DA CE

26th

The Wedge

LOWRY HILL EAST

DOG PARK

Minnetonka Blvd City Hall

nA

yE sles Pkw

W

wy

Isles eo Lak f t he

Lake of the Isles

3 Lake St W

CEDAR-ISLES-DEAN

EAST ISLES

Hennepin Ave S

Bais Yaakov High

S

RT H TRAIL

NIL WO

Pk

Cedar Lake Ave lvd Calhoun et B s n Village Su

Torah Academy

France Ave

ST LOUIS PARK

KENWOOD

KE

BenildeSt Margaret’s

Cedar Lake

94

Park Ave

eS

wy

22

35W

Loring-Nicollet School

5

Franklin Ave W

Kenwood Elementary

Center

94

Stonebridge Comm School

Nicollet Ave S

Wi

LOWRY HILL

Av

in g

Cedar L ak e Pk

H Mpls NORT Lakes Area

S

Convention Center

15th St W

The Blake Walker School Art Center

Jewish Community AIL Center L TR A N O REGI LAKE R A CED

Ew

100

wood Pkwy

I

West End

K en

BRYN-MAWR

aha Pk w y eh

McRae Park

Population: 8,232 Median Household Income: $93,303 Average Household Net Worth: $749,066 Median Age: 39 years Land area (square mile) 1.393 sq miles Homes sold in 2014: 142 TRENDS 2015 • ben ganje + partners

30


Ultra-modern condos available April 2015. Exclusively represented by Ben Ganje + Partners. 42fiftyfivelofts.com

Trending New Developments

42fiftyfivelofts


Kristen McCormick

Annie Graunke

Melissa Musgierd

STUDIO M Interiors 763-717-8500 www.studiom-int.com

Meet our Preferred Partners

As a full-service design studio, Studio M is your professional resource for interior design. We work collaboratively with builders and their clients on specifications, finishes, materials and designs, partnering on projects from concept through completion to streamline the experience and deliver an exceptional result. At every phase in the process, our experienced, talented designers are at your service providing fresh design ideas and innovative product solutions that match your exacting standards. TRENDS 2015 • 34


Meet our Preferred Partners

Rehkamp LarsO n Architects 612.285.7275 rehkamplarson.com

Join us in the collaborative process of design. We are great listeners, creative thinkers, and problem solvers combining the art and science of architecture on your behalf. We engage in a dynamic relationship with you–exploring what is possible and refining the architectural solution to create a house for your lifestyle.

Mark Larson

Jean Rehkamp

TRENDS 2015 • 36


Lake Classen

78th St

Ln N Central Ave

CARVER BEACH

Lake Lucy

Lake Ann Park

Kerbe

Vicksburg

Ferndale Rd

Lotus Lake

Purgatory Park

Clear Springs Elementary

Scenic Heights Elementary

© Hedberg Maps, Inc. All rights reserved

is nestled around scenic Wayzata Bay and looks out over the long expanse of historic Lake Minnetonka, with its sparkling blue waters, wooded and meandering shoreline, islands and many secluded bays. Discover a quaint village rich in history. Shop the latest in lakeside fashions, artwork, antiques and collectibles. Enjoy the eclectic assortment of restaurants that range from casual to elegant. Most offer lakefront views, and none are more than a stone’s throw from the water. Gaze upon the cruisers as they go by or look out at picturesque clusters

3

of sailboats. In the winter, you’ll see ice racers, skaters and

Scenic Hts Dr

r Bl vd

dozens of ice fishing houses. Our theater of seasons never shuts down. Wayzata is truly a destination for all seasons.

OAK TERRACE

The Wayzata Chamber of Commerce

62

EDEN PRAIRIE E ke Tr ck La Du Prairie

View Elementary

10 1

Crosby Rd

Bushway Rd

Rd ng

Mi n n e ton k

Chanhassen Rd

Clear

io

Duck Lake Rd

Rd ge Rid

ant Vi w Ple a s

La

78th St

101

S

Ex

Pagel Activity Minnetonka High Center

Covington Park

i pr

Round Lake

Duck Lake Eden Prairie High

Eden Prairie Rd

retum Blvd

Vinehill Rd

e n vd

Bl

17

Minnetonka East

7

Delton Ave

Located at the northeast tip of Lake Minnetonka and a shot 12 miles from Downtown Minneapolis, Wayzata

Sparrow Rd

Orono Orchard Rd

M

cy Rd Lu

CHANHASSEN

117

Silver Lake

Bennet Baseball Fields

MINNETONKA

Town Line Rd

Lake Ann

Ar b o

t o n k a

Brown Rd S S

W at er S

t

Blvd

Haz eltin e

ke

M

ZI M P

Stieger Lake

nR d

Christmas Lake

Galpin St. John 82 Lake The Baptist

Minnetonka West Middle

VICTORIA

7

TRA

ood Rd gew Rid

Deephaven Elementary

Vinehill Rd

N

E TH

Lake Minnewashta Regional Park

Bayview Event Center Maynards Spring Hill School

Excelsior Elementary St

Our Saviors Lutheran

41

St Albans Bay

LRT

TH

Spotlight on: Wayzata

Libbs Lake 5

101

ls

Dr

COUNTRYSIDE

Mary Lake

aS nk t A lba eto n ns in Ba

Groveland Elementary

Minnetonka Blvd

OR IL N

Rd

37 TRENDS 2015 Lake • ben Auburn ganje + partners a

Rd or an

a

Rd

r Pa

i tor Vic

r ve

Tamarack Lake

w

Lake Minnewashta

Historic Cottagewood General Store

Breezy Pt Rd

vd Bl

lvd

d kR

VICTORIA Schutz Lake

19

7

Lake Virginia

COTTAGEWOOD

rB

Lowry Nature Center Sunny Lake

ZUMBRA HEIGHTS

EXCELSIOR

MINNEWASHTA

Smithtown Bay

Lake Zumbra

IL

A town Rd TR ith T Sm R L

Old Log Theater

Gideon Bay

R

NO

Carson Bay

M

Grays Bay

St. Therese

SUNSET POINT

McGi Rd Wnty

101

Dell

Stone Lake

Acres R d lling Ro

11

HENNEPIN COUNTY CARVER COUNTY

Minnewashta Elementary

TH

GIBSON POINT

DEEPHAVEN

GREENWOOD

Bay

CEDAR POINT

e

Carver Park Reserve

SHOREWOOD

WAWATOSA ISLAND

i

M

TONKA BAY Echo 19

Manitou Park

HOWARD POINT

ISLAND

16

Wayzata Bay

Robinson Bay

n

ill M

7

NS MA ER ENCHANTED M SS ISLAND A

EAGLE ISLAND

Lake Minnetonka Regional Park

L a k e

SHADY ISLAND

Howard’s Pt Rd

CRANE ISLAND

MINNETRISTA

SPRAY ISLAND

AR

WS RO

15

12

WOODLAND

o vin g t Co

44

Rd

Gleason Lk Rd

ce

Upper Lake

Caman Bay

Lake

Gleason Lake Elementary

WAYZATA

WAYZATA VILLAGE

LOOKOUT POINT

ISLAND

L AI Gleason TR

a Blv d Lake St St. Bartholomew

Blake LowerHighcroft

Lower Lake

MINNETONKA BEACH BIG Big Island Regional MAHPIYATA Park

Way zat

Library

d yR

ROCKY REEF

Halstead Bay

ISLAND PARK

Phelps Bay

nit ou

B E AC H

KINGS POINT

Calvary Memorial

u Rd anito

Tuxedo

Priest Bay

Spring Park Bay

125

Blvd

Lafayette Bay

NAVARRE M a

Black Lake

PHELPS ISLAND d Blv

15

NT

Cooks Bay

Rd

r

TE TA S E

Wayzata West Middle

Redeemer Lutheran

15

Browns Bay

LAFAYETTE

CE

ils hire

d

d

C E L IN

W Ferndale Rd S

15

Crystal Bay

CR

t Bartle

110 EAGLE BLUFF

Seton Lake

Lord Fletchers

h ta Pkwy

lv d

125

W

ge Blvd

Langdon Lake

Shirley Hills Primary Elementary

19

ES

Shoreline Dr

SPRING PARK

Hill School

BOHNS POINT

D reline Sho

BRACKETTS POINT

Smith Bay

LU

WOODHILL

Tanager Lake 15

Dr ine rel o h

WAYZATA

12

Fox St

Galpin Blvd

Summit Ave

DAKOTA RAIL TRAIL

tB

W

ed

FAGERNESS POINT

Harrison Bay

Our Lady of the Lake

e st

West Arm

MOUND

Lynwood Blvd

Gale Woods Farm Park

THREE POINTS

110

51

r

Su

15

hor eD

r

Comm erce Blvd

Blair Rd

Pond Sports Center

N

o wo Shady

Dutch Lake

NS

Minnetonka Center for the Arts

L

ood Maplew Rd

Grandview Middle

Jennings Bay

h Shore Dr ort

Dr

Hilltop Primary Elementary

North Arm

Forest Lake

ow Will

Game Farm Rd

MoundWestonka High

Noerenberg Memorial Park

Maxwell Bay

ng

42 ORONO

ORONO

Fox St

L

146

84

Rd wa nka To

Dr Arm th

Rd

No r

151

Holbrook Ballfield

84

135

et D

in

r Cre ek

Stubbs Bay

ns

Ingerson Dr

Pa

te

Sunnyfield Rd

r Ca

R

Minne a s

Game Farm Rd N

19

BURL OAKS

West Branch Rd

Little Long Lake

Ba ysid e

Water town Rd

d

26

84

IL

Ol

LONG LAKE

12

Hadley Lake

R ake

Minnetonka Orchard

RA

Long Lake

o

19

LUCE LINE STA TE T

Lydiard Lake

Wood Rill SNA d

Lake Mtka

Wayzata Blvd

Stubbs Bay Rd

110

6

McCulley Rd

6

SPRING HILL

Old Crystal Bay Rd

Budd Ave N

Watertown Rd

Population: 3,488 Median Household Income: $64,254 Average Household Net Worth: $755,875 Median Age: 49 years Edenvale Conservation Land area (square mile) 3.158 sq miles Area Homes sold in 2014: 95


Nestled within an existing neighborhood, the Enclave was created to be a neighborhood within a neighborhood, giving residents a sense of place. Steps from downtown Wayzata, the Enclave will be in proximity to services, restaurants, trails and the lake, all within walking distance. Team par tners include Jeff Lindgren from Jalin Design and landscape architect Terramark. Anticipated model by Hage Homes in spring 2015. Lot and build packages star t in the $800’s. Exclusively represented by Ben Ganje + Par tners.

Trending

EnclaveofWayzata.com

Enclave

of Wayzata

New Developments

TRENDS 2015 • ben ganje + partners

40


Meet our Preferred Partners

Hage Homes, Lic. 2935 763-498-7611 hagehomes.com Hage Homes is devoted to taking ideas, dreams, wishes of clients from inception to reality. We are a well-established homebuilder dedicated to creating homes which reflect the lives of their inhabitants. A collection of details is what makes a home. Always highly involved, we keep a keen eye to the finest craftsmanship throughout the building process.

Kerry Hage

41 • TRENDS 2015


Meet our Preferred Partners

JALIN Design, LLC 763.464.4401 jalin-design.com As to style, Jeff is blazing new trails. His love of contemporary design, the Arts and Crafts and Prairie Style movement and period architects like Voysey, Green & Green and Frank Lloyd Wright have helped him create his own style, which he likes to call “contemporary traditionalism.” For Jeff, it’s all about balancing the old and the new. Judging from his clients, he’s succeeding quite well. Jeff knows a successful practice begins and ends with the clients he serves. His measure of success is getting them excited, involved and engaged in each new project. To Jeff, it’s always a great adventure.

43 • TRENDS 2015

Jeff Lindgren


CE

Exc

Methodist Hospital

St. Johns Catholic

Blake Lower Hopkins Campus

100

Meadowbrook Lake

MEADOWBROOK

Lake Harriet Lower Elementary

MORNINGSIDE Golden Years Montessori

Lyndale Hills Playground 44th St W

Interlachen Blvd

Interlachen Rd Mirror Lake

169 Blake Rd

FOX MEADOW

Walnut Ridge Park

Bren Rd

rn Ve

O lin g

BREDESEN PARK

United

Lin

co

ln

Dr

on

Highlands Elementary

Av

158

Garden Park

e

City Hall

100

GRANDVIEW

COUNTRYSIDE er B

Bredesen Park

Crossto

HIGHLANDS

Highland Park

PARKWOOD KNOLLS

50 t h S t W

Jerry’s Center Our Lady of Edina Grace Library

EDINA

GOLF TERRACE HEIGHTS

MELODY LAKE

Countryside Elementary

Concord Elementary

EDINA

wn Hwy

Chesterton Academy

y Vi e

17 STRACHAUER PARK

w Rd

BRAEMAR HILLS

Braemar Blvd

169

70 t h

PROSPECT KNOLLS

Lewis Park Dewey Hill Rd

BRAEMAR Braemar Arena

Braemar Park

494

W

ina

W 69th St

Cornelia Elementary

Vet South

CAHILL

Southdale Center & Theaters Galleria

St W

MN Made Ice Center

W 66th St

70th St W

Sobriety High West Acadamy

DEWEY HILL

t 78t h S

Viking Dr

100

SOUTH CORNELIA LAKE EDINA

RICHFIELD Hennepin

PROMENADE County

Library

Yorktown Mall

31

PARKLAWN CENTENNIAL LAKES EDINBOROUGH

Lake Edina

76th St W

FRED RICHARDS

l Blvd In d u s t r i a

Edinborough Park

PENTAGON PARK

77th St W

5

494

5

American Blvd W

Reservoir Park

Hyland

Normandale Lake

d

Normandale Shopping Center

W 84th St Poplar Bridge Elementary

France Ave

Jump

Bandshell

Normadale Blvd

ak

d e R Ski

Chalet R

Bus hL

Rd W

American Blvd W

Anderson Lakes

Population: 49,376 Total housing units: 21,669 Land area: 15.45 square miles Persons per square mile: 3,103 Median Age: 45.2 years Median Household income: $82,902 Average Household Net Worth: $843,548

SOUTHDALE

LAKE CORNELIA

BROOKVIEW HEIGHTS

M

EDEN PRAIRIE

Rd

THE HEIGHTS

Southdale Step By Step Square Montessori

53

Lake Cornelia

Cahill Rd

Va

Va

lle

View

Washington Ave

Eagle Ridge Academy

Southdale Hospital

Edina Aquatic Center

66th St W

View

lley

INDIAN TRAILS

Edina High

Ed

Prairie Center ALC

y

Valley View Middle

Indianhead Lake

CREEK VALLEY

France Ave

INDIAN HILLS

Open Track South

Download an interactive map at LuxuryEdinaHomes.com

62

y Hw ow sst CroFairview

Edina Art Center

o B l vd

Gle

restaurants and abundant free parking.

Armatage Park

CHOWEN PARK

et r

Arrowhead Lake

Dr

Tracy Ave

l ou d

retailers and professional service businesses, 20

CREEK KNOLL

PAMELA PARK

CONCORD

NORMANDALE PARK

Rd

gC

d on R as

in F ly

Creek Valley Elementary

Xerxes Ave

St. Peters Lutheran

62 212

MINNEAPOLIS

MINNEHAHA WOODS

Pamela Park

true for dining. There are more good restaurants The neighborhood now features more than 175

21

58th St W

V a ll e

Countryside BIRCHCREST Park

ARDEN PARK

both sides of France Avenue. The same is certainly now in the neighborhood than ever before.

50th St W

South View Middle

Normandale Elementary & Edina Community Center

Benton Ave

lvd

Edina Cinema

neighborhood more than ever, with shops on Lake Harriet

n

MINNETONKA

20

Pershing Park

50TH & FRANCE

SUNNYSLOPE

Xerxes Ave

Van Valkenburg Park

Southwest High

COUNTRY CLUB

HILLDALE

INTERLACHEN PARK

France Ave

Maloney Blvd

TODD PARK

Wooddale Ave

ROLLING INTERLACHEN GREEN

WHITE OAKS

Concord Ave

5th St S

20

50th and France is thriving as a retail

Beard’s Plaisance

Blake Middle

PRESIDENTS

Linden Hills Village

Penn Ave

3

The Whole Learning School

Spotlight on: 50th & France

17

Calvin Christian Edina

Susan Lindgren Elementary

Most Holy Trinity

MINIKAHDA

vd

© Hedberg Maps, Inc. All rights reserved

Blake Arena

o

el

Bl sior

BLOOMINGTON Skriebakken Park

Penn Ave

E

lsi xce

3

vd r Bl

Excelsior & Grand

Quest Academy

2nd St NE

France Ave

St Louis Park Cinema

Penn Ave

KE

LA

ST LOUIS PARK

Lake Calhoun

The Bakken

Xerxes Ave

Blake Rd

NOR T REG H CED ION AR L AL TRA AKE IL

5th Ave N

IL RA

T LRT

eS

Main St

R DA

W

Av

HOPKINS

St

na

Alice Smith Elementary

e Lak

Rec Center

Grimes Ave

isia

Edina

3

36th St

Lou

7

TRENDS 2015 • ben ganje + partners

46


FIX Design Haus 612.309.9887 laurie@fixdesignhaus.com FIX Design Haus is a full-service staging firm offering consulting, project management, and vacant home staging with an impressive inventory of high-end furniture and accessories. Schedule an appointment to analyze your property for its strengths and weaknesses and to determine exactly what is needed to make buyers walk in and fall in love.

Laurie Fleming Stacy Johnson

47 • TRENDS 2015

Meet our Preferred Partners


Meet our Preferred Partners

Spacecrafting 612-353-4073 spacecrafting.com Spacecrafting is the largest Minneapolis-based architectural photography and video team. Specializing in capturing dynamic imagery for a wide range of builders, architects, interior designers, and real estate agents, Spacecrafting is focused on using captivating photography to tell the story of a space. Their hands-on approach and keen eye for detail gives each project a unique quality that cannot be matched.

A R C H I T E C T U R A L

49 • TRENDS 2015

P H O T O G R A P H Y

&

V I D E O

TRENDS 2015 •


Atrion Faiola

Meet our Preferred Partners

Jason Mikunda

Wells Fargo private mortgage banking 90 S 7th St, Minneapolis, MN 55402 612.466.5444 - Jason Mikunda NMLSR ID 533113 612.239.2389 - Atrion Faiola NMLSR ID 533114 TRENDS 2015 • 52


Ben worked overtime, nights, weekends, you name it he and his team did it before you asked. He is reachable at any time of day and very responsive - you feel like you are his only client.

We just completed our third transaction in two years and without a doubt, this is the guy that you want on your team to help navigate the nuances and the attention to detail required in real estate transactions. Josh was a referral from another friend of mine, so I thought I’d meet with him and feel him out. He had all of his facts straight and is very organized. Any time I send him an email or text message, he responds immediately. He told me what I would have to price my unit at to move it in 30 days, and guess what...I sold in just under 30 days! He brought in a stager for professional opinions, and a photographer that set my listing apar t from the others. If I had to do it all over again, I would have no regrets picking Josh.

When we decided we wanted to buy a home, we were very excited and anxious to star t looking. Once we began looking at homes we were shocked by how quickly homes move on and off the market, and how strategic one must be when making an offer. Working with Josh made the process must less stressful. Josh was very flexible and always available to show us the many homes we looked at. During the process of viewing different homes, Josh gave his honest opinion and advice on the home, the neighborhood, and the pros and cons that should be considered regarding each home. When we were ready to make an offer Josh was able to offer us great advice on where to star t. When we finally found the perfect home Josh made sure that we got the best deal and that everything went smoothly until we had the keys! We are so grateful to have been able to work with Josh. We definitely recommend him to anyone interested in a new home, and will use him again if we ever decide to move!

Wayne and Christopher

Luka and Todd

– Heidi A

From our first meeting to closing, Ben’s team did a great job of making sure all my questions were answered and that I was 100% comfortable with the position before moving forward. They took my feedback and turned it into results and it didn’t take long for them to narrow down exactly what I was looking for in a home. – Ali M

My son Adam and I have worked with Ben and his team three times in the past 24 months and they were wonderful to work with in every way. Their careful attention, exper tise, and efficiency made a potentially difficult transition process stress-free. Moreover, after the move they’ve continued to touchbase with me to make cer tain that all is well. I greatly appreciate the meticulous service and professionalism Ben and his team provided. I can recommend them without hesitation. Carmen (pictured with her son, Adam)

What our clients are saying Ben doesn’t just list your home and hope that everything works out, he actually has a strategic process that ensures your home shows the best, attracts the right buyer, and gets you the price that you want. I accepted an offer less than a week after going on the market.

We met Ben in 2010 when he represented the seller for the condo we bought in the Carlyle. Since then, we struck up a friendship and have been in touch over the years. This past year, we sold that condo as we were looking for more space, and I can’t say how great Ben and his team were in helping us sell the condo. We gave Ben an expedited time frame to sell the condo and an asking price we firmly believed was market value, and he delivered on both fronts (we sold our condo before it had even been listed, and despite aggressive negotiations, came within 1% of our original asking price). Ben personally spent the time weighing options, giving me his honest recommendations, and getting the results we needed. Ben and his team are professional, friendly, and dedicated. We look forward to buying our future home with Ben when that time comes, and thank him for his service and friendship. Sahil and Mana

It was obvious from the first conversation that we were working with a brilliant agent who loves his job. – Darcia D

Anna and I were lucky to work with Ben Ganje and his team. Ben has an unmatched exper tise in the Minneapolis area and an ability to cater to buyers at differing levels. He also offers great advice and resources on how to optimize investments in our home. We recommend Ben to our friends and absolutely will work with him on our next house. Chris and Anna

– Varsha S

TRENDS 2015 • ben ganje + partners

54

Profile for Ben Ganje + Partners

Ben Ganje + Partners 2015 TRENDS  

Gain insight about the twin cities real estate market through our annual Lakes Sotheby's International Realty book detailing key metrics, ma...

Ben Ganje + Partners 2015 TRENDS  

Gain insight about the twin cities real estate market through our annual Lakes Sotheby's International Realty book detailing key metrics, ma...

Profile for benganje
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