Shakopee MN MLS Home Prices Fall

MN MLSHere is a look at the Shakopee home prices that have fallin with price reductions the last week:

1636 Liberty Circle, Shakopee MN MLS #4054306

Purchased for $202,000 in 2005, this Shakopee townhome was listed 21 days ago with Remax Advantage Plus for $147,495 and recently reduced to $134,900. An aggressive move to get this Shakopee townhome sold quickly. Click on the address for more infomation.

6188 Oxford Rd, Shakopee MN MLS #4043733

This unique large two story on over an acre has 5000+ sqft. The sales price was just reduced $10,000 from $469,850 to $459,850. 5 bedrooms 4 bathrooms and a 12 x 11 walk in closet!

1227 Elmwood Ave, Shakopee MN MLS #4041129

Weston Ponds Shakopee townhome for sale. Price was reduced $89,876 to 85,000. This Shakopee townhome started at $99,876. I have been in this townhome and it shows great. One of the best Shakopee townhomes on the market for the price. 2 bedrooms 2 bathroom with an additional loft space or potential third bedroom. END UNIT!!!

1903 French Trace Ave, Shakopee MN MLS #4025920

Shakopee rambler reduced $2,000 down to $227,876. Great location near the hospital with just under 1900 sqft 3 bedrooms and 3 bathrooms.

If you would like the full MN MLS listing sheet emailed to you drop me an email or call 612-384-2178

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Shakopee MN MLS Short Sales Are Selling, BUT…..

With all the talk about short sale homes in Shakopee many buyers are wondering what is going onin the current market place. I took a look at only the Shakopee short sales and what their numbers looked like so far this year accornding to the MN MLS. For those looking at the MLS online website, themlsonline.com is NOT the MLS, iot simply is a company just like Edina Realty, Remax or Coldwell Banker however they were grandfathered in to using the term MLS in their name.

SHAKOPEE SHORT SALE INVENTORY & SALES

Anyway accornding to the MN MLS there are a total of 286 homes in Shakopee listed, of those 286 homes listed 86 are Shakopee short sales. One common way homes are listed in the MN MLS, but not on other broker sites are homes that are consider “sold subject to third party approval” whihc means they are a short sale home waiting for the bank to say yes or no. The seller likely has signed the offer as they still own the home, but need approval from the bank. There are 40 homes in Shakopee currently listed as active that have this classification….annoying, I know. There are only 10 pending Shakopee short sale listings that are waiting to close and have approval from the bank according to the MN MLS. It seems half or 2 out of every 3 listings is a short sale which i found this statitic interesting: from January 1, 2011 only 26 Shakopee short sales have closed! Only 26 home in 6 months! With all the short sale listing out in the marketplace these banks need get their acts together.

PRICING OF SHAKOPEE SHORT SALES

I think the pricing of Shakopee short sales is what is contributiong to lower prices for the average homeowner. So many buyer avoid short sale in Shakopee because they can not wait the 3-9 month time frame many short sale homes require. Oddly enough I looked a one niche in Shakopee that has a higher sales price and lower days on market of short sale listings than traditional sales. Shakopee townhome short sales had an average sales price this year of $129,033  with 143 days on the market with only 12 homes closing since 1/1/11. 94 foreclosure and tradtional sales netted $109,531 with 155 days on the market. I do think the foreclosures contributed to bringing this price down, but I can’t explain the shorter time frame, that baffles me. Looking at single family homes brings numbers you would expect.  The short sale listings in Shakopee averaged a sales price of $183,511 with 261 average days on market where the traditional sales averaged a sales price of $221,627 and only 125 days on the market.

SHAKOPEE SHORT SALE REALTORS HELP

If you are looking for a Shakopee Realtor or real estate agent to help represent you in buying a home or selling your home make sure they have the experience required to help. Having a knowledgeable Shakopee realtor who know the ins and outs of the bank short sale process can be beneifical even when purchase as they can know the right questions to ask to make sure eve

New Shakopee Homes For Sale Listed By Remax Advantage Plus 6/6-6/12

Five new Shakopee homes came to the market this week priced from just under$95,000 up to $209,850. Below is a brief look at each new MN MLS listing.

7515 Derby Lane Shakopee, MN MLS # 4056189

This Shakopee townhome for sale is priced aggressively to move at $94,876. Previously built by Ryland homes in Shakopee, this clean and well cared for townhome has 2 bedrooms, 2 bathrooms, a one car garage and has almost 1300 sqft. Built in 1999 this Shakopee townhome development is unique because the residents also have access to a community pool. The is a transit station close by and you are within walking distance to Walmart, Sam’s Club and many restaurants, bikes trails and activities.

807 Ferdinand Drive Shakopee, MN MLS #4055459

If you like to bet on the ponies or play cards this Shakopee townhome is in the perfect location for you. You are within walking distance of Canterbury Park. Gorgeous with 2 bedrooms, 2 bathrooms and a 2 car garage. This end unit  Shakopee town home also includesa huge loft  and boosts close to 1400 sqft. A unique feature about this Shakopee townhome is that it overlooks a large open grassy area giving you a little distance and privacy. Walk-Thru bathrooms close to master bedroom, walk-in closet in the second bedroom, an over sized kitchen with tons of oak cabinets make this a great value priced at $131,500.

1985 Boulder Pointe Shakopee, MN MLS # 4055471

I absolutely LOVE this Pulte one level townhome community as I have moved 6-8 townhome in this development. My mother used to live in theneighborhood so I know the good people there. The association dues are kept low as it is self managed at only $120 per month! Nice open floor plan. All the doors are handicap accessible and easy to get around. Some of the nice features in this one level Shakopee townhome are lots of windows, a three sided gas fireplace, separate formal dining room, octagon shaped sun room and in great condition. this home is priced at $169,400 and features 2 bedrooms, 2 bathrooms, a two car garage and 1464 sqft.

1711 Primrose Lane Shakopee, MN MLS #4056190

This split level home located in the Meadows neighborhood, just North of highway 169 and just West of Marschall Rd off of Vierling drive, is completely renovated and looks turn key to move in. Two bedrooms on the upper level and two bedrooms downstairs. 4 bedrooms total, 2 bathrooms, 2 car garage and approximately 1900 sqft. The home has a large fenced yard and is available for immediate possession. The home is listed at $199,995.

1225 Minnesota Street South Shakopee, MN MLS # 4055371

This well taken care of split level home is located just to the West of the Primrose home. Great for the buyer that wants to move right in and enjoy the pride in ownership these original owners have taken in their home. Great location, close to shopping, schools, daycare and restaurants. Nice sized yard, walkout lower level in the basement, two fireplaces and shows like a model home. This one is priced at $209,850.

If you would like to search ALL SHAKOPEE HOMES FOR SALE on our search that links directly from the MN MLS click on the tab or our hyperlink.

We can show any of the listings above, email you the MLS listing print out or if you would like more detail contact Tom Scott of Remax Advantage Plus

We also provide for FREE automatic home searches so you may be notified the moment a home comes on the market.

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Shakopee Homes Are Selling

If you are looking at the Shakopee real estate market and wondering what homes in Shakopee are selling you might be curious to find the homes under 200k are popping.

Looking at the current real estate market in Shakopee the listing inventory is down. Only 278 homes in Shakopee are listed on the Minnesota MLS; of those homes 171 homes are single family homes and 101 are Shakopee townhomes for sale. What a lot of buyers find frustrating are homes on the market the show as being active, but are actually sold. 64 homes listed as active in Shakopee currently have an accept contingent offer on them. Those homes sold may be subject to inspection, another home selling or bank approval. That brings down the total number of available homes to 214. I think there is a real lack of good homes out there right now. The current avergae days on market for those homes for sale is 163 days. Average sales price is resting at $227,978 with an average of around 2205 sqft.

Looking at homes for sale in Shakopee that have offers and are just waiting to close are considering Pending transactions. There are 85 pending homes in Shakopee. 32 of which are townhomes and 53 single family homes. The average days on market is only 126 days and the average overall listing price before pending is $180,398.

The sold Shakopee real estate statistics lay as follows:

  • 219 homes sold in Shakopee on the Minnesota MLS as of 1/1/11
  • 127 of those were single family
  • 92 homes were townhomes
  • Average final list price of all homes was $174,737 and sold price was $171,645
  • It took on average 149 days to sell those homes
  • Townhomes listing price averaged $115,295 and the selling price was $110,272
  • Single Family average listing price was $218,839 with the selling price at $216,104

SHAKOPEE FORECLOSURES AND SHORT SALES

The market continues to be burdened by the forclosure market. Of all active listings 115 homes were listed as a Shakopee foreclosure or a Short sale home on the MN MLS. That represented about 41% of the active inventory. Also take into consideration some agent do not disclose the status of their listing.

The sold homes on the MN MLS for the Shakopee real estate market represented even higher numbers. almost 58% of all homes sold from 1/1/11+ were shrot sale homes in Shakopee or foreclosures.

If you have any questios about the short sale process or how foreclosure listing work I would be happy to help. I am a CDPE (Certified Distressed Property Expert) and a SSFS (Short Sale Foreclosure Specialist). I work a lot with buyers and can walk you through step by step how to negotiate the best possible deal with banks. I recently had two clients purchase homes in multiple offers and have their offers accepted over offers that were higher. I also recently had a client who had his offer acceted over 23 others offers on the same property. There are ways to strategically place your offer in front of banks so you walk away with signatures.

Tom Scott

Remax Advantage Plus

Twin City Real Estate Team Leader

612-384-2178

TomScott@Remax.net