Jp, Home Owner in Minnesota

Is anybody familiar with the oxbow creek development in Brooklyn Park. We are thinking of buying there but

Asked by Jp, Minnesota Sun Aug 24, 2008

wondering about resale value long term.. such as schools, crime, etc... Any insights on this area regarding long term value, or if we should look somewhere else? Thanks!

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The north side of Brooklyn Park has nearly the same feel as new construction in Maple Grove but at 25% less cost. I have a client that lives in the subdivision next to OC and they've been quite happy. Osseo schools are a concern for some buyers but not for others. That entire area didn't exist 5 years ago and look at all the people that have moved in... obviously there's demand!

In the short term those areas are going to be hurting... a lot of foreclosures are and will be go through there but over the long term it should be great for value. 169 is being upgraded, 610 will eventually go through to 94, and Target will be expanding their corporate campus. I was looking very heavily at several houses in Brooklyn Park, and made offers on a few. I settled on one just a mile up the road in Champlin but hadn't rulled out BP.
1 vote Thank Flag Link Sun Aug 24, 2008
Hi, Jp
Good advice from Aaron. That's my take on that area as well. I've sold new construction up there as well as existing housing. My clients are well installed in their respective communities and feel very comfortable, if that's any indication of stability. There are no easy answers about market values and where they will be 6 months, a year, two years down the line as values seem to be a moving target these days. But, everyone I've sold to up there has been happy with their purchase.
0 votes Thank Flag Link Sun Aug 24, 2008
Good morning JP,
Your questions is pretty broad; however, I would recommend sitting down with your realtor to discuss past, present, and future trends in "Oxbow Creek". He or She will have it at their finger-tips. If you are not working with an agent, please feel free to email.

Thanks,

Scott Hutchinson
Coldwell Banker Burnet
smhutchinson@cbburnet.com
http://www.hutchinsonandsovis.net
612 396-0692
0 votes Thank Flag Link Sun Aug 24, 2008
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