Fazendin Realtors was founded by Roger Fazendin in 1965. At that time, the company was named Roger Fazendin Realtors. The goal from day one was to build a company around quality, well-trained agents who provide the best representation and service in the industry.
In 1965…
The average home price in the United States was approximately $21,500. While specific data for the Twin Cities during that year is limited, it’s reasonable to guess that prices were in a similar range, considering regional economic factors.
Fast forward to 2024…
The housing market in the Twin Cities has experienced significant appreciation. As of November 2024, the median sale price for homes in the Twin Cities area reached $379,000. Adjusting for inflation, the 1965 average home price of $21,500 would equate to approximately $214,000 in today’s dollars, indicating that real estate in the Twin Cities has not only kept pace with inflation but has also appreciated in real terms.
This substantial growth over nearly six decades can be attributed to various factors, including inflation, economic development, population growth, and shifts in housing demand.
As we celebrate our 60th anniversary, we acknowledge the dynamic nature of the real estate market and remain committed to guiding our clients through its complexities, just as we have since 1965. •