If you are considering buying a home or townhome in the near future consider living in a townhome. Some of the typical benefits are not having to mow your lawn or shovel snow. Besides that, living in a Shakopee townhome you also have lower insurance due to the assn usually covering the hazard insurance. With new construction townhomes, taxes are often delayed for 18 to 24 months as they are based tax. Other benefits to town home living is that the association often will pay for outside maintenance of the home and cover expenses such as roof and siding. The homeowner often is required to maintain the deck and windows but some communities vary. Make sure to look over the association financials before buying so you know they are in a good position to replace older roofs and siding.
The Shakopee real estate market has inventory so low we have dropped below 100 homes. As of this morning, only 95 home in Shakopee remain without an offer. The market has heated up and many properties are selling quicker than ever. If you go online and search for homes for sale in Shakopee you will see about 145 properties listed, however many of those homes and townhomes are sold either subject to inspection, sold subject to bank approval or waiting on paperwork often from banks. Many MLS listings that are active in Shakopee are short sale listings. Due to banks wanting the short sale realtors to continue to market the property even after an offer, the MLS is plump full of listings with offers that show as “active” mls listings. 32 of the 145 homes currently listed on the mls are listed this way.
Now Is a Great Time to Sell Your Home
With decreased competition, low interest rates and still many buyers searching for homes now is a great time to list your home. If you are realistic with pricing your many properties are seeing multiple offers and offers over listing price.
Homes For Sale in Shakopee
The MLS in Shakopee is loaded and I mean loaded with short sales of every kind. Townhomes for sale, acreage properties, single family homes; you name it. I think much of this is due to when the city of Shakopee developed. A lot of the building came between the early to mid 2000’s when Shakopee real estate was at the height of the boom. Prices have significantly fallen and now many short sales and foreclosures are a result.
Why Buy a Short Sale?
The quick answer, Deals! Short sales are progressing quickly than in the past, but still sloooowly. The most frustrating part of a short sale is that you have no idea or when you can close. Typically short sales in Shakopee can take a minimum of about 45 days, but can drag on for months. Sometimes even close to one year. On the night side buyer typically can get some fabulous deals on properties that are being sold this way. There typically is less demand due to the wait so unlike foreclosures for sale, less chances of multiple offers.
Short Sale Homes in Shakopee For Sale
Below is a list of properties currently on the market. Unfortunately there is no way with the current IDX to differentiate the homes for sale that have offers pending bank approval so if you would like email me at TomScott@Remax.net and I can shoot you over an updated list of homes or townhomes:
Search for new Shakopee MLS listings and staying on top of the current market can be difficult. Working with a local Shakopee Realtor can make that experience a little easier and stress free for yourself. The is market knowledge that a local real estate agent provides can be very beneficial. Especially in a real estate market like we are in today where so many MLS listings listed are either sold subject to inspection, sold subject to third party bank approaval or sold on other contingencies, Realtors see up to as much of one third of the total listing available on the MLS system in a city like Shakopee showing as “Active”, but really not worth your time to view. Below is an up to date list of properties that have only been on the market less than seven days. To set up a showing on any of these Shakopee homes for sale call a local expert at 612-384-2178. We can also set buyers up on an automatic notification of all Shakopee MLS listings that come to the market so you receive them the second they hit the market. This truly is the best way to search as often agents are out showing homes throughout the day and this gives you the best opportunity to stay on top of the local real estate market:
Shakopee Homes For Sale and New MLS Listings
During the month of June there were 54 homes sold in the city of Shakopee with a total volume of $10,556,715. The average selling price for homes during the month of June was $203,014 with an average of 109 days on the market. The average square foot of a home selling in Shakopee was 2,145 which is $91.58 per square feet. The highest sold home was at $459,900 while the lowest sold home was $70,000.
Single Family Homes Sold in Shakopee June 2012
Single Family homes made up 33 of the 54 sold listings in Shakopee during the month of June. The highest selling home was $459,900 while the lowest selling home was at $70,000. Sold homes in Shakopee had an average of 113 days on the market during the month of June. The average square feet of a sold single family home was 2,503 with an average of $102 per square foot. Single family homes had a total volume of $7,946,215 during the month of June.
Sold June Townhomes in Shakopee
The average selling price of a townhome in the month of June was $124,310. Townhomes made up 21 of the 54 sold listings in Shakopee. The average days on the market for a townhome were 104 days. Shakopee sold townhomes averaged 1,616 square feet costing an average of $76.08 per square feet. The highest selling townhome was sold at $249,000 while the lowest was sold at $72,000. Townhomes had a total volume of $2,610,500 during the month of June.