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.

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: