2012 was a good year for the Shakopee real estate market and average prices in Shakopee for homes and townhomes. In December of 2012 a total of 44 homes closed escrow which was up about 12.8% from the 39 homes closed in 2011. The rise was the numer of single family homes that closed as the number of townhomes remained consistent the previous year. The overall average sales price of residences that closed in December of 2012 was $214,147 ($100.94 price per square foot), this was up drasitcally 16.7% from 2011’s average sales price in Shakopee of $183,442 ($86.02 price per square foot). Single family homes saw a drastic decrease in days on market from 159 days on the market in 2011 to only 96 days in 2012. Sales price increased 16.3% from $226,282 in 2011 to $263,211
Average Shakopee Townhome Prices
From 2011 to 2012 the same number of Shakopee townhomes sold each year. What changed slightly was the sales price, up 6.4% from $128,002 ($80.59 price per square foot) in 2011 to $136,221 ($84.22 Price per square foot) in 2012. I have seen the market as a whole the past year up quite a bit more than that. Townhomes that hit the market are selling, and selling quickly. The most drastic statistic that changed was the days on market in which it took for the town homes to sell. In 2011 the average days on market was 168 days, in 2012 only 29! 479% less market time! Tell me it’s NOT a sellers market.