Is summer really over? Maybe not quite! While the temperatures have cooled across Stillwater, the real estate market is staying strong, competitive, and hot.
In the past week alone, 15 homes went pending in the 55082 zip code, with four priced over $1 million. The highest-priced home went under contract at $2,999,900, a clear sign that demand for upper-bracket properties in the St. Croix Valley remains steady.
Even with the Minnesota State Fair wrapping up — always “The Great Minnesota Get-Together” — buyers and sellers are still showing up in force. And now, attention shifts to the Fall Parade of Homes, which begins next weekend with 317 new homes on display across the Twin Cities metro.
Another positive sign? Interest rates continue to move lower. This creates an opportunity for both buyers and sellers:
Buyers benefit from more affordability and long-term savings.
Sellers gain access to a motivated buyer pool eager to secure a home before rates rise again.
From my 33 years of experience, I’ve found that fall is one of the best times to buy and sell real estate in Stillwater and Washington County. Buyers are serious about closing before the holidays, and sellers are motivated to make a move before winter sets in.
If you’re considering making a move this fall, now is the time to talk strategy. As your local Stillwater real estate expert with Lakes Sotheby’s International Realty, I’d be happy to help you maximize results in today’s market.
📞 Contact me today to discuss your next steps — and let’s make this season work for you.
Let’s talk.
About Richard
Richard McDonough is a top-producing real estate broker in Stillwater & Wasington County Minnesota reaching into Western Wisconsin, specializing in luxury homes, waterfront properties, and distinctive estates throughout the St. Croix Valley With more than 33 years of experience, Richard has built a reputation for integrity, innovation, and results, making him one of the most trusted and recognized Realtors in the region.
As a fourth-generation Stillwater resident, Richard combines deep local roots with global reach through his affiliation with Lakes Sotheby’s International Realty. His expertise spans the area’s most sought-after communities — from Stillwater and Lake Elmo to Woodbury, Afton, Marine on St. Croix, Mahtomedi, Grant, and Dellwood — along with select Wisconsin river towns such as Hudson and Prescott.
Richard is known for delivering a “Luxury Plus” marketing approach that goes beyond traditional real estate services. Every listing receives a personalized strategy with professional staging, high-end photography, drone video tours, and targeted digital campaigns across Google, YouTube, Facebook, and Instagram. His ability to tell each home’s unique story consistently attracts qualified buyers and maximizes value for sellers.
In addition to his track record of selling some of the St. Croix Valley’s most prestigious properties, Richard is deeply engaged in his community. He serves on local nonprofit boards, volunteers for events like Home Town for the Holidays, and is dedicated to supporting the Stillwater area’s vibrancy.
Clients describe Richard as experienced, resourceful, and innovative — a true advocate who handles every detail of the buying and selling process with professionalism and care. Whether helping first-time buyers, seasoned investors, or high-net-worth individuals, Richard’s mission is to make every real estate experience seamless, rewarding, and successful.
