Remax Advantage Plus Shakopee Real Estate Listings week of May 30th-June 5th

This past week the Remax Advantage Plus real estate brokerage in Shakopee offered four new homes for sale:

842 Princeton Ave, Shakopee MLS #4052564

This home is a middle unit townhome built by Town & Country Homes which is now K. Hovanian. This Shakopee townhome features 2 bedrooms and a loft on the upper level. The home also includes an upper level laundry which is nice as that is where all your bedding and clothes are anyway. According to the Minnesota MLS post the owner is a non smoker and also does not have any pets and has never had any pets in this home. This IS NOT a Shakopee short sale or a Shakopee Foreclosure! You may be relieved to find this is not a short sale or foreclosure because you do not need to wait and wait and wait to see if your offer is accepted. Some other features this home has is a 2 car garage, gas fireplace in the living room and well decorated. Listing price$129,876

4608 Bulrush Blvd, Shakopee MLS #4053589

This one was of the Shakopee townhomes built near Lowes by Ryland Homes in Shakopee. This is their original Greenwich floor plan which was the smallest of the three models in the row house collection. It is 1595 sqft with room to finish off a fourth bedroom or family room in the lower level as well as a 4th bathroom. Currently the home is 3 bedrooms, 3 bathroom, 2 car garage. I showed this home when is was a short sale listing and the home is in good shape. The home does have some seriously colors so you may want to break out your paint brush. Currently the home is a BANK OWNED Shakopee townhome owned by Fannie Mae and priced at $126,250.

1636 Liberty Circle, Shakopee MLS #4054306

Another Town & Country built home in the Countryside development of Shakopee. This is a larger middle unit than the first home on Princeton and has 1562 sqft with 3 BR plus Loft, 3 BA, and a 2 car garage. This one again IS NOT a Shakopee short sale or foreclosure. This townhome has ceramic tile, 42 inch upper cabinets, 3 sided gas fireplace and a private master bathroom. The home is priced at $147,495.

2016 Hackberry Lane, Shakopee MLS # 4054756

The most expensive of the Remax Advantage Plus listings this week to hit the Shakopee real estate market. This home is a custom two story built in the Park Meadows neighborhood of Shakopee. Currently listed at $339,900 this home also has contract for deed financing as an option for this home with flexible terms. This solid two story has an oversized 3 car garage, awesome master bathroom and the home includes 4 bedrooms, a hall study area, 2 bathrooms and laundry all on the upper level.

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. We are seeing many multiple offer situation and homes that are priced accordingly selling quickly.

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

Shakopee New Construction – Ryland Homes Glacier Estates Pricing

After the anticipated wait, Shakopee newest development, Glacier Estates, by Ryland Homes released their pricing information.In a follow up to a previous blog post I wrote about Glacier Estates in Shakopee, here is a little more information in regards to your pockbook. With the model home soon to open mid May this should be a very busy new construction development in Shakopee. Ryland homes purchase the remaining 30 or so lots with the Glacier Estates community in Shakopee after College City Homes, Cuddigan and a few other builders back out of the development, some for financial reasons. IN a development that saw sales prices pushing over $600,000 the Glacier Estates development with now be priced much more competitively.

Ryland Homes released the pricing on the five plans they will include in the development ranging from a base of $274,990-$334,900. It appears as though the model home floor plan, The Edgewater, will base at $304,990 and feature over 2750 sqft on the upper two levels. The grand opening for the development is May 11th.

Taken from the Ryland Homes website, here are a list of features they will be including with their homes:

 

Construction Features

  • “I” Joist Floor Framing System with ¾ Subfloor
  • 2 X 6 Exterior Wall Construction
  • 200-AMP Electrical Service
  • Asphalt Roofing Shingles with 25-Year Warranty
  • Carbon Monoxide Detector
  • Electrical Ground Fault Outlets
  • Engineered Roof Truss System
  • Exterior Foundation Insulation
  • Interconnected Smoke Detector System on All Levels
  • Low Maintenance Exteriors
  • Maintenance Free Aluminum Soffit, Fascia & Trim
  • Passive Sub-Slab Vent
  • Poured Concrete Foundation Walls
  • Sump Pump
  • Water Proofed Foundations
  • Wirsbo® Water Supply System

Elegant Baths

  • Aristokraft® Vanity Cabinets
  • Armstrong® No-Wax Vinyl Flooring
  • Cultured Marble Vanity Tops
  • Designer Nickel Lighting Fixtures
  • Electrical Ground-Fault Outlets in all Baths
  • Luxury Owner’s Bath with Soaking Tub & Separate Shower Stall
  • Moen® Lavatory Faucets
  • Sterling® Tub/Shower Surrounds
  • Sterling® Water Saving Commodes
  • Vanity Mirrors

Energy & Water Conservation

  • 13 SEER Air Conditioner with Puron
  • 50 Gallon Gas Water Heater
  • All Electrical Boxes on Exterior Walls Sealed with Air Tight Box & Gasket
  • Carrier® 92% Efficiency Power Vent Natural Gas Furnace
  • Fiberglass Insulated Entry & Steel Insulated Service Doors
  • R-19 Fiberglass Insulation Plus Vapor Barrier in Exterior Walls
  • R-44 Fiberglass Insulation Value in Ceilings with Vapor Barrior
  • Roof Trusses with Energy Heels
  • Tyvek® Housewrap
  • Vinyl Clad Insulated Windows with Low E Glass and Screens
  • Whole House Fan Ventilation System

Exterior Detailing

  • (2) Exterior Water Spigots (location per plan)
  • (2) Weatherproof Exterior Outlet Boxes (location per plan)
  • 3-Car Garages
  • Asphalt Driveway
  • Concrete Sidewalk & Stoop
  • Front & Rear Door Lighting
  • Garage Door Opener with Two (2) Remotes
  • Insulated Steel Garage Door
  • Norandex Great Barrier® Vinyl Siding
  • Schlage® Security Dead Bolt Locks
  • Stone or Brick Accents (per plan & elevation)

Home Technology

  • (1) CAT5 Telephone Jacks
  • (1) Multi-Media Jack (Phone, Cable, Data)
  • (2) RG6 Cable Outlets
  • Three-Level Technology Tube for Future Wiring

Inspections

  • A. Pre-Construction Meeting with Site Superintendent & Sales Counselor
  • B. Pre-Drywall Meeting
  • C. Pre-Closing & New Home Orientation
  • D. Sixty-Day Service Conference
  • E. One-Year Drywall Touch-Up
  • Site Construction Superintendent
  • Twin Cities Warranty Staff
  • Unmatched Quality Inspection Process

Interior Finishes

  • 9′ First Floor Ceiling Height
  • Designer Nickel Lighting Fixtures
  • Front Door Bell & Chime
  • Hang & Tape Walls and Ceiling of Garage
  • Interior Paint by PBG®
  • Laundry Hook-Ups with Dryer Venting
  • Lower Level Bath Rough-In
  • Princeton Painted Trim
  • Satin Nickel Knobs (Interior)
  • Shaw® Luxury Carpeting (per plan)
  • Three Panel Pre-finished Colonist White Doors
  • Ventilated Closet Shelving
  • Water Softener Rough-In

Landscaping

  • Fully Sodded Yard
  • Landscaped Front Yard (per plan: mulch, bushes, & shrubs)

Ryland Homes New Home Warranty

  • Measured Customer Satisfaction Program
  • Name Brand Manufacturers’ Limited Warranties
  • One-Year Material & Workmanship Warranty
  • Ten-Year Structural Warranty
  • Two-Year Mechanical System Warranty

Tastefully Appointed Kitchens

  • 42″ Upper Kitchen Cabinets
  • Aristokraft® Cabinetry with Adjustable Shelves
  • Armstrong® No-Wax Easy Care Flooring
  • GE® Built-In Dishwasher
  • GE® Ceramic Smooth-Top Range
  • GE® Refrigerator
  • GE® Spacemaker Microwave
  • Ice-Maker Rough-In
  • InSinkErator® Garbage Disposal
  • Kitchen Island (per plan)
  • Moen® Kitchen Faucet
  • Pantry Closet/Cabinet (per plan)
  • Stainless Steel Double-Bowl Sink
  • Wilsonart HD® Laminate Counter Tops

If you have any questions about the Shakopee real estate market, new construction in Shakopee, some of the developments by Centex Homes, Lennar Homes, Mattamy Homes, Ryland Homes or qualit local builders feel free to contact me. I grew up in the Shakopee area, live here currently and my wife is a teacher in the area. I have been actively selling real estate for 10 years and work with a tem of agents, the Twin City Real Estate Team, to help serve our clients better. If you would like to find what previous clients have said, make sure to check out our Shakopee Realtor testimonial page.

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Minnesota ranks #2 with Healthiest Housing Market

In a recent article I read provided by CNBC and Yahoo real estate about local housing market accross the nation Minnesota real estate market ranked #2. It’s obvious the Minnesota real estate market has taken it’s lumps like all other markets accross the nation however Minnesota seem to be primed to be one of the first to bounce back when the housing market recovers and starts to take off.

LendingTree analyzed numbers in all fifity states to find which market were ready to bounce back and which were least likely to bounce back or take a long time to recover. To Analyze the Minnesota real estate market and other market around the nation the looked at five pieces of criteria: Debt to income ratio, loan to value ratio, negative equity, home ownership, and unemployment.

The top five areas where:

1) North Dakota

2) Minnesota

3) New Hampshire

4) Maine

5) Iowa

The Minnesota real estate market has a low rate of unemployment comparative to the rest of the country and that is what stands out most. We have many great national and international employers. Minnesota’s debt to income ratio was at 17%, the unemployment rate at 6.7%, homeownership at 72.6%, loan to value ratio at 65.6%, homeowners with negative equity 22.2% and the avergae sales price $224,000.

I think this is GREAT news for the Minnesota real estate market, however I would be cautious as I have seen some higher numbers at least in the Shakopee real estate market. Currently as of April 22nd, 2011 we are sitting with 293 homes currently active on the MLS. Of those 293 homes, 84 are short sale homes and 53 are foreclosures. I think this shows the further out from the Twin Cities area, typically those homes were built during the boom period, and less people have equity in their home.

Lack of Real Estate Inventory

Yes, you heard me correct, but what I should state is that there is a lack of GOOD inventory. Sure there are plenty of homes currently on the market, but many are short sale which can take months to complete, beat up foreclosures that could take thousands of dollars to make livable and many overpriced sellers still stuck in 2004 prices and thinking the market will turn around in the next year. Unfortunately for sellers I think it will take a lot longer for the current real estate market to rebound. Many agents state they can not wait for a “normal” real estate market to return, but I think this will be normal for the next few years. If you are buying now you are buying for a number of reasons, foremost, you need some stability and somewhere to live. You are also buying because housing prices have declined and you will be obtaining an interest rate only dreamed of even at the height of the market in 2004-2006.

If you are looking from new construction in Shakopee orare looking at purchasing aShakopee townhome you may be getting frustrated. I have had many buyers looking for all different kinds of homes and townhomes that I have worked with for the past few months that just are not finding that “perfect house”. I can’t blame them because I think I have stated to not buy a houses fivetimes more than I encourage my clients to go forth an purchase.  Regardless of Shakopee townhomes, single family , acreage or one level living we need more solid inventory. That is good new if you are a seller. Sellers with home priced well that show well are selling quickly and usually netting close to asking or in some case even above asking price.

 It seems the few homes out there worth buying sell in multiple offers because banks are trying to move homes quickly to move through their inventory and reduce their liabilities.  I do feel though that as we progress this spring we will see a flood of homes that will be coming to the market in what previously was known as “shadow inventory”that banks were holding on to. Fannie Mae will be releasing homepath properties later this year that buyers will only need to being 3% rather than the minimum 3.5% down payment and those home will also have waived appraisal saving buyer $425 in appraisal costs as well as no mortgage insurance saving buyers hundreds of dollars per month. For more information about those properties make sure you talk to a qualified Shakopee Realtor or Loan officer. Be patient and you will find the perfect home for you and your family. Do not let a pushy saleperson force you into something you are uncomfortable with, ultimately you will be the one living there and making the payments!

Shakopee Townhomes Values

Shakopee townhomes for sale have gone on a bit of a roller coaster ride over the last 20 years, they might as well have gone to Valleyfair.  I have analyzed numbers very thoroughly and from a town that had as few as 8 Shakopee townhomes sell back in 1992, to 445 Shakopee townhomes sold in 2005 the townhomes for sale in Shakopee have leveled slightly.

We have seen a lot of new construction in Shakopee after the highway 169 Bloomington Ferry bridge was built in 1996. Up until 1998 Shakopee townhomes had seen only 135 townhomes sold in the previous six years per the Minnesota MLS statistics. Then in 1998, 159 townhomes sold representing almost 35% of the total Shakopee homes sold that year. The average sales price for a Shakopee townhomes in 1998 was $107,890. Average market times were only 60 days and average square footage was for those townhomes in Shakopee was only 1027 sqft, making the average price per sqft to be $105.05.

The Shakopee townhome market exploded from this point on as many more townhomes were to be built. The city temporarily thought about a moratorium of townhomes in Shakopee being built, but then decided not to impose. The number of townhome in Shakopee built in 2001 rose to 249 homes sold representing almost 38% of the total market. Average sales price had climbed to under under $150,000 and the average days on market fell to just 24 days. The boom was definitely here and sqft increased to an average of 1338 per townhome.  The Shakopee real estate market and Shakopee townhome market peaked in 2004-2006. 2004 led to a high of almost  49% of all homes in Shakopee sold that year on the Minnesota MLS to be townhomes. 2005 brought an all time high of townhomes in Shakopee sold through the Minnesota MLS, 445 townhomes. In 2006 values had peaked, with average sales prices just over $192,000, meanwhile average days on market increaseing  48 days more days from the previous year to 107 average days on the market. Through these three years the average price per square foot had almost tripled from 1992 values of $42.57 per sqft, to just over $125 per sqft.

Come 2008, much fewer Shakopee townhomes were selling and bottomed at an eightyear low of only 201 townhome in Shakopee sold that year. Average sales prices had significantly decreased since their peak of just over $192,000 to an average sales price of $161,403. This was over $25,000 less in just a years time than the 2007 average sales price of $186,687. Most assumed this was the worst however Shakopee townhome values again plunged the following year even worse, decreasing on average over $33,500! This brought the average sales price of a Shakopee townhome to $127,782.

We saw signs of hope in 2010 with Shakopee townhome values finally increasing for the first time in three years after a rapid decrease in values to an average of $132,533, but so far in 2011 it appears as though we are seeing a double dip in pricing.I had put together some numbers from the Minnesota MLS and so far in 2011 23 townhomes in Shakopee had sold with an average sales price of $109,718. Days on market had steadily increased over the last 10 years and reached close to the average days on market of 1992 with an average time of 152 days. Per per sqft has dropped to $72.90 per sqft, close to values in 1995-1997. Although we have not had average sales prices fall to those points, our townhomes are much larger today.

There are signs of hope for those looking to buy while starting their home search and those looking to rent their townhome in Shakopee. Shakopee townhomes are priced so aggressive today I feel there is a huge upside potential. You can currently buy cheaper than you could rent townhomes in Shakopee. The rental market is great as well. With Shakopee being relatively close to shopping, Minneapolis, lakes and many activities more and more are moving to the area. Shakopee also has a lot of job opportunity in the area with large companies like Seagate, Mystic Lake, Canterbury, Valleyfair and more. Shakopee has a transit as well for an easy commute to downtown.

Still remain cautious because I see two potential problems we could see down the road. One deals with financing for future buyers, and the other deals with increased association dues. Many current owners who have moved to single family homes are renting their Shakopee townhomes. Some aassociations have become a bit more lenient with their covenants pertaining to how many townhomes can be rented.  Because of this and the increased Shakopee foreclosures and short sales, some Shakopee townhomes down the road may be hard to get bank financing. Lenders look at an area with high foreclosure rates and rental rates as more of a risk and may not offer some loan programs in those development, primarily those legally defined as a condo. Most developments with Shakopee townhomes actually are classified as a condo. If you own a Shakopee townhome, look at your legal description and if you see CIC, likely it is a condo. Those townhomes in Shakopee that have a lot and block, likely are classified as a townhomes. The other area for potential future concern would be  inflated association dues. Some associations are in great standing because they have not had many foreclosures. Stone Meadows one level townhomes for example I know are in great standing while keeping their dues low at $115 per month. Other townhome areas I know have increased their association dues above $200 per month when previously the average was in the $125-150 range.  Some association are charging extra month assn dues if you rent your townhome. I don’t think that is necessarily bad because some area have amenities like community park or pools and hopefully 10-15 years down the road the won’t need to get a bond to replace roofs or siding. Make sure when search for your next home or Shakopee townhome you talk to you local Shakopee Realtor and make certain you review the associations financials and covenants. In Minnesota you have 10 days to review all such documents per a condo/ townhome addendum your Realtor should add to the Minnesota real estate contract.

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  • mls listing for houses in shakopee mn

Shakopee Foreclosure Homes

It seems so many homes I show now are Shakopee foreclosures that when you see a home with someone actually living there you are taken back. I showed a Shakopee foreclosure townhome today that was just listed and the bank had this place sparkling better than most Shakopee homes for sale. Shakopee bank owned homes are now taking it upon themselves to start painting, replacing carpet and make these homes ready for showings.

If you look at all Shakopee foreclosures and short sales there is currently a total of 137 homes for sale as of today. Total Shakopee homes for sale equals 293. Given those numbers, that represents a total of 46.8% of the total homes for sale in Shakopee to be Shakopee foreclosures or a short sale listing.

Breakdown those numbers further it appear more Shakopee townhomes are becoming Shakopee foreclsoures as 61.4% of all townhomes in Shakopee currently listed are Shakopee short sales or foreclosures. Only 35.5% of single family homes for sale in Shakopee are foreclosures or short sales.

Overall listing  inventory is down from that of last year, but I think you can expect listing inventory to rise being typically the market peaks in inventory in July and there will also be many Fannie Mae Homepath properties coming to the market over the next few months.

Parade of Homes in Shakopee

The Parade of homes in Shakopee is underway and that are many homes in Shakopee to choose from. This year ten builders have chosen to feature their homes in Shakopee in the parade. Contact your Shakopee Realtor for a showing, or if Pricing for homes featured in the Parade of Homes in Shakopee ranges from $209,900 -$555,000. The builders participating this year are:

Lennar

Lennar features many two story floor plans to choose from in the Valley Creek Crossing neighborhood. Their model is priced at $360,278 with other homes starting at $319,990.

GBI homes, Inc.

GBI features two model homes in the parade. A three level priced at $269,900 and a two story home priced at $365,900, both int he Valley Creek Crossing neighborhood.

Shamrock Builders, Inc

Shamrock offers one of the most affordable homes in Shakopee featured in the parade.  This multi level home has 2,118 sqft. and is priced at $232,900.

Key Land Homes

Key land homes has a  home in Shakopee near the high school in the Countryside neighborhood. The model is priced at $299,900 but others start as low as $195,000

Wensco, Inc.

With pricing starting at $190,000 an d their parade model home in Shakopee priced at $209,900 they are the least expensive new construction model in the Parade of Homes in Shakopee. This is a split entry home with just over 1,500 sqft.

Knoblach Builders, L.L.C.

Another home in the Countryside development of Shakopee. Knoblach Builders has a two story home in Shakopee priced at $319,900 with other homes in Shakopee starting at $244,900

Centex Homes

Centex homes features many models to choose from starting at $254,990. Their Parade of Homes model in Shakopee is currently priced at $361,764 with many upgrades. Located in Ridge View Estates accross the street from Eagle Creek elementary school in Shakopee, this development is a great location.

Mattamy Homes

Just East of the Centex development, Mattamy also has many model homes to choose from. Their Parade model home in Shakopee is priced at $339,900 with others priced from the $270’s.

Capstone Homes, Inc.

Capstone is in the Ridge Creek Bluff edition near the Centex neighborhood. Their model home is price comfortably at $314,900 and features almost 2,900 sqft on the upper two floors.

Hartman Homes, Inc.

An solid upper bracket home along the Shakopee and Savage border tucked in the Whispering Oaks development of Shakopee. Their model is priced at $555,000 and other homes start in the 300’s.

Rememeber there are also many great buys on exisiting homes for sale in Shakopee .  The average listing price of a two story home in Shakopee is  just over $288,000. Remember to compare the pros and cons of new construction if you are thinking of building to make sure you are choosing what is best for you and your family’s needs.

Finding PERFECT Shakopee Homes

If you are searching for the PERFECT Shakopee home I would be very picky. First off it is always best to find a good loan officer to get you preapproved before starting your Shakopee homes search. If you know where you are comfortable from a pricing standpoint your next step should be to contact a Shakopee Realtor to help with your home search. Typically in Minnesota the buyer agent, Shakopee Realtor, that would help you find a home is typically paid by the seller thus no cost to you. Many agents won’t make you sign a buyers contract until you are comfortable with their services.

Once you have both your Shakopee loan officer and Shakopee Realtor it is time to start your Shakopee home search. If you have narrowed your search to just Shakopee homes, you are so much closer that in you were to have multiple areas of interest. The hardest thing for client is find what area they want to be, after that the home search gets a little more simple. Shakopee is redrawing the school boundaries for 2011-12 so make sure you are within the Shakopee elementary school boundaries in which you prefer, and check where day cares boundaries may be also.

Some of the things I try to have clients find in the PERFECT Shakopee home pertains mostly to resale, here are some tips:

Shakopee Townhomes

  • End units generally sell well
  • One car garage homes are tougher to sell
  • townhomes with someone living above or below you can make it more difficult to sell
  • Try to find a home with a basement, large plus
  • Ideally find a townhome with a private master bathroom
  • 3 plus bedrooms always help with resale
  • If you are buying a 2 bedroom, try to also find one with a loft
  • proximity to public transit
  • If you assn has a pool that can help

Entry Level Shakopee Homes For Sale

  • If you can find a 3 car garage, do so
  • Master baths can separate your home from the competition
  • try to find 3 bedrooms on one level, great for families
  • Open floor plans
  • look at the updates. although your payment may be higher at least the 30k for windows, siding & roof won’t be an out of pocket expense.

Move Up Shakopee Homes For Sale

  • In my experience two story homes with 4 bedroom on one level sell better than those with only 3 up
  • many two stories will feature bonus rooms
  • In my opinion always find a 3 car garage, so many homes have been built now with three car garages
  • almost a must to have 1, if not 2 fireplaces
  • three season or four season porches are a plus
  • check mechanicals, windows and roof. these items could be getting towards to end of the life
  • think long term, would you prefer a rambler in 5 or 10 years? consider one now.
  • Main floor office space

Upper Bracket Shakopee Homes For Sale

  • Acreage can set your home apart
  • lake view, access or lake shore
  • custom builtins
  • most prefer walkout basements
  • extensive landscaping
  • outdoor living spaces (fire pits, outdoor fireplaces, pools)
  • Privacy, lot of trees

General Tips

  • most try to avoid backing to Highways and busy roads
  • power lines typically can turn buyers off
  • being close to apartment building can turn buyers off
  • being close to train tracks can stray future buyers

Shakopee Homes with Acreage

Shakopee homes with acreage can be hard to find and finding a perfect home on acreage can be even harder. Values of Shakopee homes with acreage have suffered just as much as any other Shakopee real estate, falling from an average sales price in 2007 of $519,188 to an average sales price of Shakopee homes with acreage to $378,362 in 2010.

Over the course of the last 4-5 years the Shakopee acerage market has remained somewaht stable in the number of active and sold listings in Shakopee hoovering between 20-25 homes sold per year over an acre.

2007 – 17 Shakopee homes on acreage sold with an average sales price of $519,188

2008 – 19 Shakopee homes on acreage sold with an average sales price of $432,019

2009 – 26 Shakopee homes on acreage sold with an average sales price of $396,823

2010 – 26 Shakopee homes on acreage sold with an average sales price of $378,462

The current Shakopee acreage market is looking better. There are currently 23 homes over 1 acre listed. 13 of those 23 are 2+ acres and only 4 are over 5 acres. The average list prices for those Shakopee homes on acreage is $445,527 hopefully showing a positive sign of increasing values. 6 homes on acreage in Shakopee are currently pending and waiting to close.