Real Estate Inventory in Shakopee Declining

The Shakopee real estate inventory of homes has been slowly declining. After having about 300 or 350 home for sale at any given time the residential inventory of houses and townhomes for sale is now around 140 properties on the market.

Active MLS Listings

As of November 7th there were 142 homes listed for sale. Of those 142 homes there were 103 single family homes and 39 townhomes, twinhomes and condos listed. Still there are many short sale listings and if you remove those short sale listing that are considered “sold subject to third party approval” only 125 real estate listings remain. Furthermore many other homes are listed as active but may by waiting on the inspection contingency to expire, condo doc period to expire or waiting on signatures if it is a bank owned foreclosure. When we look at homes with NO contingencies only 108 homes are available with no offers. This creates many great opportunities for sellers if they are thinking of listing their home as competition has dwindled. Although we are getting into a slow time of year, buyers are still out there. Currently the average listing price for single family homes is $274,840 with an average time on market of 125 days; townhomes are averaging a list price of $146,307 with an average days on market of 133 days.

Homes With Pending Offers in Shakopee

Pending homes are those considered sold, but are waiting to close escrow on the home. Currently 62 homes in Shakopee are pending, 37 single family homes with an average pending price of $242,046 and 25 townhomes with an average price of $138,150. Respectively single family homes averaged 100 days on the market and while averaged 84. Pending prices are NOT the sold price, just what they were listed at when they went from active MLS listings to the pending. Over the last year the Shakopee real estate listing price to sales price averaged OVER list price but just barely at 0.3% and over the last 90 days the market bared similar statistics.

We have seen the market come to a bit slower pace than this past summer but much of that I am sure is due to the election as well the the typical cyclical real estate cycle.

New Shakopee Real Estate Listings


Search ALL Homes For Sale in Shakopee

Sale Fell Through, Back on Market! Rambler on 1+ Acre Lot

This Shakopee short sale was just approved by the bank and the buyer cancelled the purchase agreement. We have a bank approval at a sales price of $335,000 with the buyer assuming all assessments for the city sewer and water lines that were connected.

523 Barrington Ln, Shakopee

Solid rambler with  great sqft and a large open layout. The home sits on an acre lot with a parklike setting. 523 Barrington ln has over 4200 finished square feet.  4 bedroom, 4 bathrooms, harwood floors, raised oak cabinets, formal dingin room, two sided fireplace, sunroom and more.

Call 612-384-2178 to set up a showing and ask for Shakopee realtor Tom Scott.

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Shakopee House on Wooded Lot Near Golf Course

This home is a short sale listing with great potential. Tons of opportunity for this Shakopee house near Stonebrooke golf course and Lake O’Dowd. The home sits on a large wooded lot.

2645 Lakeview Drive Shakopee MN MLS #4175112

2645 Lakeview Drive in Shakopee is located directly acorss the street from the golf course and is on a heavily wooded lot in the Timber Trails real estate development in Shakopee. This highly sought after neighborhood is much due to the proximity to the lake, golf course and larger lot sizes. 2645 Lakeview drive has about 1215 sqft on the foundation and almost 3500 sqft in total with a large three car garage.

Upper Level of 2645 Lakeview Drive in Shakopee

The upper level of this Shakopee house has three bedrooms and two bathrooms. The master bathroom has a large walk in shower with glass block.

Main Level of 2645 Lakeview Drive Shakopee MN

The main level of this Shakopee home is very nice. As you enter there is a formal dining room to the left and the stair to the right leading you up to a catwalk that leads to the bedrooms. The catwalk overlooks the entryway. There is a very large kitchen and informal dining space/ hearth room with fireplace. The great room has a fireplace and custom built in to enjoy. There is a three season screened porch on the main level to enjoy the wooded privacy of the backyard in the summer. There is also a half bath and a separate laundry room.

Lower Level of 2645 Lakeview Dr in Shakopee

The lower level is ready for entertainment! Numerous spaces for a family room/ theater and there is also space for a pool table or other game room furniture. There is also a large fourth bedroom and 3/4 bathroom.

New Shakopee Short Sale Realtor Listing

1104 Polk St S Shakopee is a split level on a large pie shaped lot with many trees. Located on the West side of Shakopee near the Mall and movie theater this home has three bedrooms and 2 full bathroms. The garage is a large space 24 x 24. This Shakopee short sale listing is about 1844 sqft and built in 1992. For a private showing contact local Shakopee Short Sale Realtor, Tom Scott. The home is on a walkout lot.

1104 Polk Street South Shakopee photos:

Hastings Townhomes For Sale

Are you looking at purchasing a home in the Hastings area in the near future? If so consider purchasing a Hastings towhome and take advantage of some excellent advantages. Townhomes in Hastings give the space of a single family home with the maintenance free living of a condo. With a lawn that you do not have to take care of you will no longer have to mow, rake, or shovel snow. You can spend your extra time relaxing and exploring the beautiful City of Hastings. Typically townhome associations will pay for the updates and repairs of the exterior including the roof and siding. Some associations may require the owner to upkeep the deck and windows but check with the association you are looking at to see all of the association and owner responsibilities. Most townhome associations in Hastings will pay the hazard insurance on the townhome creating a savings for you when it comes to your insurance payments. Also utilities in a Hastings townhome are lower than that of a single family home which will create yet another savings for you. Hastings has a variety of unique townhomes in many different price ranges so you can feel confident that you will find a Hastings townhouse that will meet your needs.

Prior Lake Townhomes For Sale

If you are looking at buying a Prior Lake home in the near future consider purchasing a Prior Lake townhome. Townhomes in Prior Lake offer many benefits to their owners including a maintenance free lawn which means no more mowing or shoveling. Typically townhome associations in Prior Lake will pay for the upkeep and repairs of the exterior including the roof and siding. Check with the townhome association you are looking at to see all of the association payment responsibilities to find out everything you can save money on. Most townhome associations will pay for the hazard insurance of the townhome which can save you when it comes to your insurance payment. The utility bills of a Prior Lake townhome are lower than that of a single family home creating another savings for you the townhome owner. The City of Prior Lake offers many beautiful trails and quaint shops making it a great place to live. Look at a Prior Lake townhome today and find everything you have been looking for in a home.

Chanhassen Townhomes For Sale

Are you considering buying a home or townhome in the Chanhassen area? If so consider purchasing a Chanhassen townhome and receive many benefits of being a Chanhassen townhome owner. Townhouses in Chanhassen offer a maintenance free exterior which can save you time and money. Having a yard that takes care of itself means that you no longer will have to mow the grass or shovel snow so you will reap the benefits all year long. Also many townhome associations will pay for the exterior repairs and updates of the townhome including the siding and roof. This can come as a huge savings for most Chanhassen townhome owners. Typically townhome associations will pay the hazard insurance on the home creating a saving for you when it comes to your insurance payment. Another added savings is the smaller utility bills that townhomes in Chanhassen offer. The City of Chanhassen offers many unique town house layouts in a variety of price ranges. Look at a Chanhassen townhome today and find everything you want in your home.

Real Estate Listing at 2004 Greenway Ave. Shakopee

This beautiful three bedroom split level home has tons of space and extra room to add a fourth bedroom in the lower level. The home has a newer roof, is freshly painted, and has new carpet throughout the home. The kitchen offers a breakfast bar and plenty of space for storage. Many windows and a vaulted ceiling gives the living room and kitchen an open feel. Both upper level bedrooms have walk-in closets with a walk-thru to the bathroom in the master bedroom. The basement is large and has a beautiful built-in office area. A third bedroom in the lower level can serve as a great guest room and the lower level bathroom can give privacy to your guests as well. The basement with its open layout offers many possibilities for the homeowner in terms of the use of the space. An area unfinished area in the lower level can easily be turned into a fourth bedroom. The homes sits on a flat lot with lots of space in the front and the back yard. The home backs up to a park, volleyball court, and basketball court. This home is worth taking a look at!

Video of 2004 Greenway Ave., Shakopee

This virtual tour lets you see the beauty of this home. Take a look for yourself at all the space avaiable and find all that you have been looking for in a Shakopee home! For more information or to schedule a showing please contact Shakopee Realtor Tom Scott at 612-384-2178.

Elk River Townhomes For Sale

If you are considering purchasing a home in the City of Elk River consider buying an Elk River townhome. Townhomes in Elk River offer smaller utility bills for the townhome owner. Also townhomes in Elk River offer a maintenance free lawn which mean no more shoveling snow or yard work. Elk River townhomes associations typically will pay for the upkeep and repairs of the exterior including the siding and roof which can create a huge savings for you the townhome owner. Also most townhome associations will pay the hazard insurance on your townhome creating a saving for you when it comes to your insurance payment. Consult with the townhome association of the Elk River townhome you are looking at to see all the association responsibilities and all your possible savings. Elk River townhouses come in a variety of unique floor plans and price ranges so you can fell confident that you will find one just right for you. Look at a Elk River townhome and find everything you have been looking for in a home and more!