Bargain Prices at Medina Highlands – Luxury Townhomes by Charles Cudd – Sold Price per Square Foot 2003-2010
There are a number of people searching for the Charles Cudd development of luxury townhomes in Medina, MN. These gorgeous townhomes used to sell consistently in the low $600,000′s. Some even sold quite a bit higher. Prices have continued to slide below is a graphic showing the sold price per finished square foot over the history of the neighborhood.
There were a lot of townhomes that sold for $180-$190 per square foot. In 2010, the average price per square foot ended at $138.
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If you are reading this and are an owner of one of these units, you will likely either be taking a very large loss when you sell, or you may want to consider a short sale. I can help either way. Feel free to contact me.