Why Live in Covington
Wooded back yards and private lanes bring an almost-rural atmosphere to Convington, a quaint, South Minnetonka neighborhood. The community has quiet streets that feel far removed from commercial areas and urban amenities, while Downtown Excelsior is only 4 miles away and Minneapolis is around 17 miles northeast. Peaceful natural areas, local restaurants and lakeside beaches are all within a 3-mile radius. “Most people move to the Minnetonka area for the recreation,” says Joe Carmack, a local Realtor with Keller Williams Classic Realty. “Locals like having access to Lake Minnetonka, whether they take a boat out or want a day on the beach.” The streets of Covington are lined with Colonial Revivals, split-levels and ranch-style homes, most of which were built between the 1960s and early 1980s. Property sizes range from a quarter of an acre to 1 acre, and many have mature trees providing privacy from neighbors. While there are no sidewalks, a lack of through traffic allows residents to enjoy quiet streets. Most of the area’s houses range from $425,000 to $590,000, while some homes on large lots with more square footage can go for $700,000 to $1 million. The neighborhood has a CAP
Home Trends in Covington, MN
On average, homes in Covington, Minnetonka sell after 164 days on the market compared to the national average of 70 days. The median sale price for homes in Covington, Minnetonka over the last 12 months is $329,990, down 39% from the median home sale price over the previous 12 months.
Median Sale Price
$329,990
Median Single Family Sale Price
$825,000
Average Price Per Sq Ft
$336
Number of Homes for Sale
1
Last 12 months Home Sales
2
Median List Price
$825,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-39%