Sarah McKenzie

New condos experiencing surge in sale prices

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The median price of a new construction condominium in the Twin Cities increased 65.2 percent in November compared to 2013, according to the latest market update from the Minneapolis Area Association of Realtors.

The median sales price was $366,242 last month compared to $221,650 in 2013.

The downtown area has about 60 percent of the new construction condos in the metro area, compared to about 30 percent in November 2006.

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