Ranked as a Top Historic Destination, Red Wing Real Estate Values Continue to Rise

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The recent accolades that Red Wing, Minnesota, has received from National Geographic and the National Trust for Historic Preservation has increased the value of Red Wing real estate. Buyers looking for scenic views and a high quality of life are opting for Red Wing homes for sale.

The value of Red Wing homes for sale has risen slowly but steadily in the past years. In 2010 the average price per square foot of real estate here has increased by 5.1% as compared to that of the same period in 2009.

Red Wing has appeared in several prestigious lists for being a top historic destination recently and this has brought more attention to the Red Wing real estate market, according to the leading Red Wing, MN, real estate agents of Coldwell Banker - Nybo & Associates. Ranking #23 with a score of 74 in National Geographic Traveler’s list of “Historic Places Rated,” the city has also been named one of the country’s Dozen Distinctive Destinations by the National Trust for Historic Preservation.

“The historic charm of our city is one of the main reasons behind the continuing growth in value of property here,” said Tim Nybo, broker and owner of CB Nybo & Associates. “When people see Red Wing’s well-preserved 19th century homes and buildings and the great pride many residents have in maintaining this architectural heritage, they also see that this is a community that is committed to preserving a high quality of life focused on historic preservation – and who wouldn’t want to live in a place like that?”

Red Wing’s historic character, scenic riverfront location, proximity to the Twin Cities, and the community’s emphasis on smart growth principles has provided a strong base for the local real estate market. Home prices here have not become as inflated as they have been in other parts of the country and thus have not needed to make serious adjustments. The value of Red Wing homes for sale has risen slowly but steadily in the past years. In 2010 the average price per square foot of real estate here has increased by 5.1% as compared to that of the same period in 2009.

For more information on the historic attractions of Red Wing, as well as Red Wing real estate, check out Coldwell Banker - Nybo & Associate’s website, http://www.RedWingRealEstate.com or contact Tim Nybo today.

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Tim Nybo
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