Shakopee Utility Information

Electric Company

Shakopee Public Utilities 952-445-1988

www.ShakopeeUtilities.com

Gas Company

Centerpoint Energy 612-372-4727

www.CenterPointeEnergy.com

Water & Sewer

Shakopee Public Utilities 952-445-1988

www.ShakopeeUtilities.com

Garbage & Recycling

Dick’s/ Lakeville Sanitation 952-469-5161

www.DicksSanitation.com

Phone & Inte

Valleyfair Shakopee, MN

I have grown up going to Valleyfair and when I was young, we would get season passes and head out sometime multiple days a week. I just found out you can buy a season pass for $60, the same price we paid many years ago. Considering a day pass is $40, this is a great buy!  Their admission includes unlimited rides, water park and shows. 

In 2011 Valleyfair will be opening Planet Snoopy covering  3.5 acres and will feature over 20 Peanuts themed rides and attractions; including Snoopy Boutique and Planet Grill.
Valleyfair has a great user friendly website that answers all their frequently asked questions.

Valleyfair opened it’s door in 1976 and now is the largest amusement park in the upper Midwest eight roller coasters and over 75rides that span over 90 acres of land in Shakopee.

It’s funny when thinking of Shakopee real estate so many people say,”that’s where Valleyfair is”, I even got that comment in college. Shakopee has many entertainment options such as Canterbury Park, Murphy’s landing, Raceway Park, Mystic Lake Casino and many parks.

If you are thinking of moving to Shakopee and starting your home search make sure to talk to a local real estate agent .

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.

Shakopee New Construction Tips

If you are thinking of building one of the many homes in Shakopee on lots that are available you might consider weighing the positives and negatives of new construction homes in Shakopee.

Positives to New Construction in Shakopee

  • No one has ever lived in the home, clean slate
  • everything is new (roof, siding, mechanicasl, etc)
  • you have the entire history of the home
  • Many new neighbors and friends to meet
  • latest energy effient standards and code standards
  • new current design layouts
  • Taxes are not fully assessed yet

Negatives to New Construction in Shakopee

  • Window treatments needed
  • Landscaping needs to be finished
  • no mature trees typically
  • Might not have neighbors for a few years
  • Dust and messy neighborhood during construction

Shakopee new construction also tends to be more expensive overall. If you look at the current Minnesota MLS data there are 37 active homes in Shakopee with an average list price of $306,392 and an average of 2,331 sqft. Existing homes in Shakopee have an average sales price of only $261,297 for single family homes in which there are 125 homes in Shakopee currently on the market and those homes in Shakopee had an average of 2,434 sqft.

Looking at pending homes in Shakopee there  was even a lower average list price at$254,486 with 2,171 sqft for new construction, and an average sales price of $229,521 for the 32 existing homes in Shakopee with an average of 2,481 sqft.

Looking at the sold homesis hard to gage being many new construction Shakopee builders do not include their sold data in the Minnesota MLS. However taking the data from the Minnesota MLS we have, there were 86 new construction Shakopee homes sold with the last year with an average sales price of $259,297 and had an average of 2032 sqft. The 278 existing Shakopee homes in Shakopee that sold in 2010 averaged a sales price of $227,148 and had 2,333 sqft.

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.

Shakopee Foreclosures

Digging through the Minnesota MLS this year may possibly be one of the largest year for Shakopee foreclosures to date. So far in 2011 there have been 28 foreclosure homes in Shakopee that have closed escrow.  36 Shakopee foreclosures are currently pending bring this years foreclosure total in Shakopee to 64 homes through only February. We are pacing over a home sold per day that is consider a Shakopee foreclosure! Now theoretically take that number and multiple by six, could that mean we are heading for 384 Shakopee foreclosures for the year?

Those Shakopee foreclosure numbers seem staggering being only 197 closed homes in Shakopee last year were foreclosures. We are heading for close to double those numbers and eclipsing the high of 331 set in 2009. Currently there are 54 homes in Shakopee that are active on the market and considered Shakopee foreclosures.

All of these numbers are only estimates being many Shakopee real estate agents often do not disclose the status of their Minnesota MLS listings or decipher if the home is a bank owned home, short sale or potential short sale. Why Shakopee real estate agent don’t disclose status can vary and it would be too time consuming to go through EVERY listing to get exact numbers

Although not perfect numbers you can see how the number of foreclosures in Shakopee have escalated since last year and how many buyers will have numerous opportunities this coming year.

Shakopee Parks- Park Meadows Planning Meeting 3/3/11

Everyone knows with Shakopee real estate prices declining over the past few years, new construction homes in Shakopee slowing until last year, and increased pressure by the City of Shakopee to make budget cuts have put some city  projects on hold. Originally the park in the predominant neighborhood built by Centex, Park Meadows, in Shakopee had no funds to build their community park until 2013. Original plans for the 6+ acre park included a hockey rink, multiple base fields, potential soccer fields, a playground and more.

Finally the time has come and funding did get moved up!  I was speaking to a Shakopee real estate agent from Centex homes that did confirm the park was to begin being built this summer. I also confirmed with the City of Shakopee that the Park Meadows neighborhood park would begin construction this summer. The woman I spoke with stated there is a neighborhood meeting Thursday, March 3rd at 6:30pm at Sunpath elementary in Shakopee.

According to the City of Shakopee construction will begin in  June with as much as the budget allows, which is was stated to be a large budget. What they include in the park will be determined by what the City of Shakopee wants & neighbor influence. The City of Shakopee does hope to include multiple ball fields,  a play ground for sure, hockey rink and open space.

If you are thinking of purchasing a home in the Park Meadows neighborhood, or looking at all Shakopee homes for sale make sure you get preapproved before starting you Shakopee home search. If you have a home to sell, talk to a local Shakopee Realtor to find the current market value of your home.

If you are a first time home buyer, the Twin City Real Estate Team will be hosting live FREE online home webinars with multiple dates in March including a “Night Owl” session from 9:30-11:00pm

Shakopee New Construction Report- February 2011

Current Shakopee MLS inventory is sitting at 304 homes active in the Shakopee real estate market. of the 304 Shakopee homes for sale many are short sales and shakopee foreclosures. An article I wrote the other day tagged 44% of ALL Shakopee Homes for sale as being a short sale or foreclosure per Shakopee MLS stats. What also surprised me a bit was the number of new construction homes for sale so I wanted to break down those numbers for you.

41 homes in Shakopee are considered new construction are either  model homes, spec homes, to be built homes, Shakopee homes under construction or completed new construction. This does not included the Shakopee new construction homes not listed on the Shakopee MLS, which I’m sure there are quite a few as well. Those numbers can be obtained at the county by looking into the number of bulding permits pulled in 2011. Regardless just per the Shakopee MLS numbers that represents only about 13.5% of the Shakopee real estate market.

The Shakopee real estate market seems to be saturated with townhomes, but we are seeing few new construction townhomes buit fortunately. only 4 of the 41 active listings were townhomes in Shakopee and 2 of those are half built townhomes that went into foreclosure, but were started in 2005.

Some of the Shakopee builders and the respective development they are builder:

  • Keyland Homes (Countryside & Spring Lake Estates)
  • F & B Construction (Custom Builder in Shakopee from 200k and up, Can build anywhere)
  • Lennar (Valley Creek Crossing
  • Centex (Ridge View Estates & Park Meadows)
  • Mattamy Homes (Riverside Bluffs)
  • Wensco (Countryside
  • Charles Merritt (Stonebrooke)

The average sale price of the  single family new construction homes listed in the Shakopee MLS is pushing just over $300,000 at 301,103. Of average those homes had 2,256 sqft at a cost of  $138.25 per sqft. Foundation size averaged 1318 and homes had on average 3.68 bedrooms and 2.78 bathrooms. It is safe to assume most Shakopee homes being built today have a three car garage.