From July through September of 2018, there were nine homes sold, with a median sale price of $1,700,000 - a 39.6% increase over the $1,217,450 median sale price for the same period of the previous year. There were two homes sold in Minnetonka Beach in the third quarter of 2017.
The median sales tax in Minnetonka Beach for the most recent year with available data, 2015, was $14,271, approximately 0.8% of the median home sale price for the third quarter of 2018.
The following table compares Minnetonka Beach to other Hennepin County cities with similar median sales prices in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Greenwood | 4 | 1 | 300% | $2,073,000 | $88,000 | 2255.7% |
| Minnetonka Beach | 9 | 2 | 350% | $1,700,000 | $1,217,450 | 39.6% |
| Woodland | 3 | 6 | -50% | $1,407,000 | $1,474,995 | -4.6% |
| Deephaven | 21 | 29 | -27.6% | $875,000 | $637,000 | 37.4% |
| Tonka Bay | 8 | 9 | -11.1% | $871,000 | $580,000 | 50.2% |
| Wayzata | 25 | 19 | 31.6% | $732,100 | $562,000 | 30.3% |
| Medina | 36 | 28 | 28.6% | $624,722 | $582,722.50 | 7.2% |
| Orono | 66 | 54 | 22.2% | $577,450 | $633,713.62 | -8.9% |
| Edina | 236 | 217 | 8.8% | $562,852 | $530,000 | 6.2% |
| Independence | 18 | 8 | 125% | $515,000 | $586,000 | -12.1% |
| Excelsior | 6 | 6 | 0% | $475,000 | $430,000 | 10.5% |
Alerts Sign-up