Shakopee MLS Listings vs Home Prices

Shakopee Home PricesShakopee MLS listings have dwindled as I wrote yesterday, but I was curious to find out exactly how much home prices in Shakopee were affected.At the height of the Shakopee real estate market it was hard to find a Shakopee home for under $200,000. The average home prices for Shakopee townhomes was over 193k in 2006. Today Shakopee home prices have slipped and the average sales price for a townhome is just over $110,000! When looking at the Shakopee MLS listings this morning I looked closer at the market and homes ARE SELLING. There are 268 “active” Shakopee MLS listings available today, and the reason I use quotations is because of the 268 “active” Shakopee MLS listing there are 60 homes that show as active, but have pending contracts on them, not including the 73 Shakopee homes with pending offers waiting to close. So currently today there are 208 active homes on the Shakopee MLS and 133 homes with contracts. There are a few things I see, 1) Shakopee home prices hopefully will stabilize soon 2)  there are not a lot of GOOD MLS listings out there 3) Home are selling!

If we take a close look at Shakopee Home Prices higher values are harder to come by. Of the 268 active Shakopee MLS listings:

45 homes are under $100,000

110 homes are under $150,000

215 homes are under $300,000

only 15 homes are over $500,000

Click here to find what are the four most expensive listings for sale in Shakopee?

Here is a link to search all Shakopee MLS Listings and Homes For Sale

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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