Appraiser in Lake Minnetonka, MN

Orion Appraisals is Twin Cities-based residential and commercial appraisal firm with extensive experience appraising homes on Lake Minnetonka.

Lake Minnetonka is a unique market that consists of 14 cities and 37 bays that comprise of many different submarkets.

St Paul Appraisal Office:


Minneapolis Appraisal Office:


Lake Minnetonka Cities

  • Deephaven
  • Excelsior
  • Greenwood
  • Minnetonka
  • Minnetonka Beach
  • Minnetrista
  • Mound
  • Orono
  • Shorewood
  • Spring Park
  • Tonka Bay
  • Victoria
  • Wayzata
  • Woodland.

Lake Minnetonka Bays

  • Halsted’s Bay
  • Priest’s Bay
  • Cook’s Bay
  • West Upper Lake
  • South Upper Lake
  • Smithtown Bay
  • Phelp’s Bay
  • East Upper Lake
  • Carman’s/Old Channel Bay
  • Spring Park Bay
  • Black Lake
  • Emerald Lake
  • Seton Lake
  • Harrison’s Bay
  • Jenning’s Bay
  • West Arm Bay
  • Crystal Bay
  • North Arm Bay

  • Stubb’s Bay
  • Maxwell Bay
  • Lafayette Bay
  • Smith’s Bay
  • Brown’s Bay
  • Wayzata Bay
  • Gray’s Bay
  • Robinson’s Bay
  • St. Louis Bay
  • Carsons Bay
  • St. Alban’s Bay
  • Excelsior Bay
  • Gideon’s Bay
  • South Lower Lake & Echo Bay
  • North Lower Lake
  • Forest Lake
  • Libb’s Lake
  • Peavy Lake
  • Tanager Lake

These cities and bays make up a variety of different submarkets. While subject to the same broad forces that impact home values in the Twin Cities and Lake Minnetonka, these submarkets are often subject to other factors that independently influence market value. 

Following are some graphs that show current housing trends on Lake Minnetonka. Changes are updated daily, so please feel free to bookmark this page.

For example, the market value of a home in Excelsior is likely to be considerably different to that of an identical home located 1 mile west in Tonka Bay.  For this reason, when selecting an appraiser it is important to hire someone that is familiar with the many nuances of appraising homes on Lake Minnetonka.

The median price per square foot is based on a home’s total finished square footage, as opposed to it’s total area or it’s above-grade finished area (gross living area.)

Orion Appraisals is a Minneapolis-based real estate appraisal firm that specializes in the valuation of homes on Lake Minnetonka. Our appraisals are used for a variety of purposes including:

  • Buy-sell decisions
  • Setting a home’s listing price (pre-listing)
  • Executors of estates/probate
  • Estate planning and tax reporting

Top Reasons to Work with Orion Appraisals

By selecting Orion Appraisals for your valuation needs you’ll receive a highly-informative and easy to read appraisal product.

Our appraisers are experts at appraising homes on Lake Minnetonka. We are often hired by homeowners, estates, attorneys, and accountants  to perform expert valuations on homes on Lake Minnetonka.

Our team consists of experienced Certified and Licensed Appraisers as well as talented support staff.  Our President, Joe Sullivan, has also obtained his MAI designation.  The MAI designation is a prestigious designation awarded by the Appraisal Institute to those appraisers that have shown a high level of appraisal expertise through a series of coursework, exams, demonstrations, and experience hours. 

We specialize in preparing appraisal reports for non-financing purposes. Most home appraisers work almost exclusively for financial institutions, which have different reporting requirements than property owners, the IRS, and the courts.

Home Values in Minnetonka

So, what’s happening to home values in Minnetonka? That’s a question with as many different answers are there are homes in the city. However, there are several tools homeowners can use to get a good idea of what is happening with the housing market in their area.

Appraisers and economists determine housing market conditions by analyzing a variety of different metrics in a given market area, including median sales price, median sales price per square foot, and months supply of housing. While these are sometimes general and simplistic measures, they are good overall indicators of what is happening with current housing trends in your area.

Note: These housing statistics are updated monthly, so please check back often!

The median price per square foot is based on a home’s total finished square footage, as opposed to it’s total area or it’s above-grade finished area (gross living area.)

Looking for more nuanced information? Contact us or obtain a fee quote for an appraisal from Orion Appraisals and we’ll analyze housing trends in your neighborhood and tell you the market value of your home.


@2018 Orion Appraisals

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