If you are thinking about shopping for Shakopee homes, your timing is perfect? Why? Real estate prices are still low, but things are heating up. Multiple offers on Shakopee homes for sale are becoming commonplace. The MLS inventory of houses still offers selection, but that inventory is beginning to shrink. As a result, buyer demand is starting to increase, and prices are going up. Every type of home in all price ranges in Shakopee MN is selling.
Here are Shakopee MN real estate listings that were posted to the MLS/IDX within the last 10 days:
View ALL available homes in Shakopee.
Shakopee Homes are Easy to Finance!
Mortgage rates are low, and right now some fabulous financing programs are available, most notably the Scott County CDA downpayment assistance program. Many Shakopee home buyers are financing with the minimal down FHA 3.5% programs. Many banks will also pay 3% of the buyer closing costs. There is even a helpful conventional program where you can put down only 5-10% and still avoid the added monthly costs mortgage insurance , saving you hundreds of dollars per month. There is an upfront mortgage insurance cost, but if you stay in your home more than three years, you will recover the cost. This is a popular way to finance the purchase of Shakopee homes.
New Homes in Shakopee for Sale
Shakopee’s premier home builder is F&B construction, a custom home builder in Shakopee, with a 40 year old reputation for building quality custom homes. Currently they are building in the Spring Lake Estate developments in Prior Lake but can build anywhere. They are planning on building more Shakopee homes on eight lots, three of which will back up to Stonebrooke golf course. If you are thinking about buying a new home in Shakopee, this is a good time to get started because lot prices are bound to go skyward as the population of Scott County continues to grow.
Shakopee Homes Hold Value
Shakopee homes hold their value over the long term, thanks to the high quality of life offered by this well-run community. Citizens and community leaders are resolute about encouraging job-creating business to move here without compromising the natural beauty of this area. There are already a number of start-ups and major corporations operating in Shakopee.
Shakopee offers top-notch municipal amenities, major shopping, good schools and major entertainment venues such as Canterbury Park and Valley Fair. Shakopee MN homes offer far more value than properties north of the Minnesota River in Chanhassen and Eden Prairie. Unless you commute to work on the north side of the river, there are so many new amenities south of the river that you will find that you rarely have to cross the river to find what you are looking for. Shakopee homes offer a convenient location and appreciation over the long term.
Luxury Homes in Shakopee, Minnesota
You don’t need to cross the river to find fine upscale homes; there are some great luxury Shakopee homes for sale right here, especially in Valley Creek Crossing The Valley Creek Crossing neighborhood was built by about twelve quality builders including Lennar, and rigorous architectural standards, including a requirement for natural materials on the front of the house. This is a neighborhood with an aesthetically pleasing mix of a variety of styles which stands in stark contrast to many other developments that offer cookie-cutter designs, meaning that all of the houses look the same. Careful planning and thoughtful architectural standards insure that the property value of Shakopee homes in Valley Creek Crossing is protected.
Glacier Estates is another prominent neighborhood of luxury Shakopee homes built by Ryland, a local builder of note. Glacier Estates is strategically located between County Rd 18, Eagle Creek Boulevard, the new Highway 21, and affords easy access to MN 169. This is an especially convenient location because it is just a “stone’s throw” from big-box stores, including Best Buy, Sam’s Club, Walmart, and a number of other major retail venues.
Savannah Oaks is another gorgeous neighborhood of Shakopee homes in the Southbridge area. Savannah Oaks homes are mostly two story homes with brick fronts that were built by DR Horton. A number of Savannah Oaks homes have been foreclosed and some are in potential short-sale listings, meaning that they are already priced to sell. Shakopee homes in Savanna Oaks are expected to hold value well, thanks to the convenient location and the quality craftsmanship that DR Horton is known for.
Shakopee Homes are Affordable
Park Meadows is a Centex-built neighborhood of single family neighborhood of two-story homes with about 2400 to 3500 square feet above grade. This is a great place to grow your family, and there is a twelve acre park that is being finished up.
Townhomes in Shakopee
There are a number of good neighborhoods of Shakopee townhomes with excellent purchase opportunities, and you could hardly go wrong on any of them. There are single level detached townhomes, townhomes with all living facilities on one level, as well as twin homes and side-by side styles. One neighborhood of Shakopee townhomes that are especially hot sellers right now are found in Deans Lake development by Lowe’s and CSV Pharmacy. All of these townhomes were built by Ryland, including three distinct floor plans. There are also detached townhomes in the neighborhood that are selling at half of the price they were built for. Judging by the way the Shakopee townhome market is heating up, these prices won’t last very long.
Foreclosed Shakopee Homes
Shakopee home foreclosures are offering home buyers unprecedented opportunities to find affordable homes at prices that are decidedly in their favor. Short sales listings are also in abundant supply, and about 60-65% of all of the real estate are either foreclosed properties or short sale situations.
Your Shakopee Real Estate Agent
If you are considering the purchase of a Shakopee home, call me first. I grew up in this area, and my wife and I both work here. I have been licensed since 2001, hold my broker license, and kow the area better than alsmost everyone. My mission as your REALTOR is to help you find the best Shakopee homes that most closely meets your needs. I think I am also a very patient person and am not pushy when it comes to buying or selling. I want you to be as happy about living here as I am. Who knows? We might be neighbors!