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Lakeville is located off of I-35 in the far southern suburbs of Minneapolis/St. Paul and has seen a large increase in homes built since 2000. The homes vary from the smaller and pretty utilitarian to the large and extravagant.
The MN real estate market is ever changing and fluid and that is no different in this city. While new construction has slowed in recent years, there are still a lot of existing homes in the city. That still leaves lots of homes for sale as well as condos and townhomes to choose from, so there isn't a shortage of real estate options in the city. Minnesota is a wonderful place to live, work and play - Minnesota always ranks high on surveys of income, education, health and happiness. Minnesota is also lucky to have an unemployment rate substantially below the national average - owing in large part to a very broad employment base. This high employment also helps keep prices of homes for sale more stable than the east coast or west coast.