There are currently 157 active listings and Shakopee homes for sales; 72 of these homes currently have offers that are contingent upon inspection or third party approval. When a home is listed as a short sale, the banks require the Realtors listing the property to continue to market the home and look for bak up offers. You can contact myself or another Shakopee realtor to check into the status as most real estate websites do not differentiate the active listings that are sold contingent. To the general public they appear to be active listings. ANNOYING!!! The total volume for the Shakopee real estate market this week is $37,942,196. Listings in Shakopee are averaging about 120 days on the market with an average price of $99.57 per square foot. Homes are selling at an average price of $241,670 while the highest price listing is $1,195,000 and the lowest priced listing is priced at only $69,900.
Single Family Homes For Sale in Shakopee
Single Family homes make up 99 of the 157 listing currently available in Shakopee. 47 of these listings have offers accepted and are pending. These listings average 123 days on the market with an average listing price of $307,762. The average price per square foot of a single family home in Shakopee is $107.78. Currently the highest listing price is $1,195,000 and the lowest listing price is $69,900. Single family homes in Shakopee have a total volume of $30,468,396.
Shakopee Townhomes For Sale
Currently there are 58 townhome listings in the city of Shakopee. 25 of the 58 listings are pending with an offer contingent on inspection or third party approval. The average listing price is $128,859 with an average price per square foot of $85.56. Townhomes in Shakopee are averaging 117 days on the market. The total volume is $7,473,800 this week for townhomes. The highest listing price is $259,900 and the lowest listing price is $69,900
Multiple Offers on Homes
The inventory is down still and properties that are listed are see quick turnarounds, offers over list price and multiple offers. If you are a buyer, be patient and have your Shakopee real estate agent do a market analysis. Just because a foreclosure listing is priced at $200,000, does not mean they won’t get $210,000 or $215,000. Banks try to create demand and the easiest way of doing so if to price the home low and let the market bid up the property. Sellers can be aggressive. With limited inventory even traditional sales are seeing multiple offers on MLS listings.