In the Prior Lake real estate market there were a total of 34 sales in September, 2009. The average selling price for that period was $287,448 and the median selling price was $234,950. These numbers are lower than the same period in 2008 when there were 39 sales with an average price of $306,789. Prior Lake has not been hit as hard with foreclosures and the lakeshore home prices help keep the average sales price higher than neighboring cities. Prior Lake has a lower-than-average share of lender-mediated properties—21.0 percent of current homes for sale. Total Twin Cities inventory is 30.7 percent lender-mediated. The single family home inventory is down 28.3% over September of 2008 and sales are up 15.1% through September of 2009 over the previous year; a good sign of a positive market shift. It is a great time to buy if you know where to look, as real estate experts in the Prior Lake market, we’re here to help you find a great property at a great price, please contact us today for an up to date market report. The City of Prior Lake is built around one of the largest lakes in the Twin Cities Metro. The community still has the small town atmosphere but its close proximity to Minneapolis and St. Paul gives its citizens the best of all worlds. Its recreational opportunities are endless with beautiful parks and of course the LAKE! Prior Lake real estate offers something for everyone: townhomes, single family homes, hobby farms, investment property, golf course homes and lakeshore property in a variety of price ranges. Prior Lake Demographics
Population 23,000
(approx.)
Median Household Income $81,000 (2000) | Prior Lake Climate
Average Temp. in Jan. 13
Average Temp. in July 74
Avg. Annual Rainfall 29"
Avg. Annual Snowfall 40"
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Prior Lake is the largest lake in the South Metro area. With almost 1200 acres and 21 miles of shoreline the lake is perfect for swimming, boating, water skiing, skating and fishing. Two public beaches and two public boat launches give the entire community access to the lake. Wagon Bridge marina offers full service with a gas dock and Captain Jack's Restaurant, with boat and road access is a favorite local gathering spot.
While there are many businesses in the area, including Mystic Lake Casino, the majority of the residents commute to their employment in the Metro area, approximately 20 miles to the north. Parks, Recreation, and Entertainment In the Prior Lake park and trail system, there are 45 parks including 22 neighborhood parks with assorted amenities, several natural resource parks for outdoor enjoyment and community parks with first-rate athletic facilities. In all, there are 845 acres of parkland and 62 miles of sidewalks and trails. Click here for amenity information in city parks.
The city also operates and maintains 34 athletic fields, including nine soccer fields, two football fields, seven baseball fields and 16 softball /T-ball diamonds.
In addition to the city parks, there are several regional parks in the area. Spring Lake Regional Park has 354 acres of undeveloped land, Murphy-Hanrehan features 2400 acres of undeveloped land plus hiking, mountain biking and horse trails, Cleary Lake Regional Park provides skiing, water sports and golf on 1,045 acres and Historic Murphy’s Landing offers a unique look at Minnesota life in the 1800’s.
The city’s park and recreation program offers activities for all ages and in all seasons. Click here to see what they have planned for the coming months.
There certainly is no shortage of things to do in and around Prior Lake. In addition to the lake and park activities you may also be interested in Canterbury Downs (horse racing), Valley Fair (amusement park) and Dakota Sport and Fitness Center. Prior Lake Schools Prior Lake-Savage schools continue to rank among the best in the state. As the 2008-09 school year began, approximately 7000 students were enrolled in the districts’ nine schools. There is one high school, with approximately 1750 students. There are 2 middle schools and 6 elementary schools. An additional elementary school, Redtail Ridge is scheduled to open for the 2009-2010 school year. With a wide variety of sports and activities offered, it is not just the star performers that excel, as students of all abilities are able to participate. The school district offers a strong early child program as well as a very well attended community education curriculum that includes many classes for elementary age, teens and adults. |