New Shakopee Homes For Sale Listed By Remax Advantage Plus 6/6-6/12

Five new Shakopee homes came to the market this week priced from just under$95,000 up to $209,850. Below is a brief look at each new MN MLS listing.

7515 Derby Lane Shakopee, MN MLS # 4056189

This Shakopee townhome for sale is priced aggressively to move at $94,876. Previously built by Ryland homes in Shakopee, this clean and well cared for townhome has 2 bedrooms, 2 bathrooms, a one car garage and has almost 1300 sqft. Built in 1999 this Shakopee townhome development is unique because the residents also have access to a community pool. The is a transit station close by and you are within walking distance to Walmart, Sam’s Club and many restaurants, bikes trails and activities.

807 Ferdinand Drive Shakopee, MN MLS #4055459

If you like to bet on the ponies or play cards this Shakopee townhome is in the perfect location for you. You are within walking distance of Canterbury Park. Gorgeous with 2 bedrooms, 2 bathrooms and a 2 car garage. This end unit  Shakopee town home also includesa huge loft  and boosts close to 1400 sqft. A unique feature about this Shakopee townhome is that it overlooks a large open grassy area giving you a little distance and privacy. Walk-Thru bathrooms close to master bedroom, walk-in closet in the second bedroom, an over sized kitchen with tons of oak cabinets make this a great value priced at $131,500.

1985 Boulder Pointe Shakopee, MN MLS # 4055471

I absolutely LOVE this Pulte one level townhome community as I have moved 6-8 townhome in this development. My mother used to live in theneighborhood so I know the good people there. The association dues are kept low as it is self managed at only $120 per month! Nice open floor plan. All the doors are handicap accessible and easy to get around. Some of the nice features in this one level Shakopee townhome are lots of windows, a three sided gas fireplace, separate formal dining room, octagon shaped sun room and in great condition. this home is priced at $169,400 and features 2 bedrooms, 2 bathrooms, a two car garage and 1464 sqft.

1711 Primrose Lane Shakopee, MN MLS #4056190

This split level home located in the Meadows neighborhood, just North of highway 169 and just West of Marschall Rd off of Vierling drive, is completely renovated and looks turn key to move in. Two bedrooms on the upper level and two bedrooms downstairs. 4 bedrooms total, 2 bathrooms, 2 car garage and approximately 1900 sqft. The home has a large fenced yard and is available for immediate possession. The home is listed at $199,995.

1225 Minnesota Street South Shakopee, MN MLS # 4055371

This well taken care of split level home is located just to the West of the Primrose home. Great for the buyer that wants to move right in and enjoy the pride in ownership these original owners have taken in their home. Great location, close to shopping, schools, daycare and restaurants. Nice sized yard, walkout lower level in the basement, two fireplaces and shows like a model home. This one is priced at $209,850.

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.

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Shakopee, Savage and Prior Lake Open Houses 6/11 & 6/12

Open houses in Shakopee and Prior Lake can be a good time to view homes if you are just getting started with your real estate search. Here are a few homes the Twin City Real Estate Team will be holding open and a few other Remax Advantage Plus listings you can’t miss:

1627 Belmont Ave, Prior Lake Open Saturday 6/11 noon-3pm

This home is a solid custom built rambler by F & B Construction. 1881 sqft on the main level with two bedrooms and a large office. The great room is open with lots of light. This homes is on a .46 acre walkout lot backing to many trees giving you some nice privacy. The lower level is partially finished giving you close to 2900 sqft finished with more to finish if you like. We just reduced the price $10,000 bring the listing price to $365,000. F & B Construction is a local builder from Shakopee who use all the same subs on their jobs. You can rest assure your home will be VERY well takend care off. The feature finished on site hardwood floors, custom cabinets with drawers that are dovetailed and full extension. They do floor to ceiling stone fireplaces in all their homes really making that a focal point of the room. This builders background is in concrete so concrete driveways are a must too. Marvin Integrity windows are used in their homes and those are some of the best windows around. I beleive in their product so much I built with them a year and a half ago in the Valley Creek Crossing development in Shakopee. I am all about trying to keep my home energy effienct and this past year I had a third party energy audit done through the city of Shakopee. The inspector at the end said out home was so tight that if F & B Construction would have paid to get the Energy Star Rating, our home would have ranked as one. I really trust the quality of this great local Shakopee builder. Stop out and check their model just  south of Shakopee about 4 miles on Marschall Rd.

15229 Spring Brook Terrence, Savage Open Sunday 6/12 2:00-4:00pm

I really excited about this townhome in Savage because of a few reasona. One of our newest listings the sellers have decided to be aggressive with pricing and after two weeks we have brought the price down $10,000 to $185,000. No need to wait to build as this home could close quickly. You will love the numerous windows in the large two story great room. This home has 3 bedrooms and 3 bathrooms with an additional living room in the lower level. This home in my opinion is one of the best locations in the developement being an end unit and backing to the soccer fields. You can sit on your deck with a sense of privacy as you are not backing to other townhomes. I think this Savage townhome feels much more like a house compared to other townhomes I have seen. Swing on by and check this one out.

1884 East Vierling Drive, Shakopee Open Sat 6/11  noon-2pm

This home is not one of my listings, but another agent in our office Mary Simon. This is a nice one level townhome with LOW assn dues at $125 per month. This one level Shakopee townhome is  located with easy access to highway,shopping and more. Heated and insulated garage with builtins, 1st Alert Security,newer fridge, stove, roof and oak raised panl cabinets differentiate this from the competition. This home is also unquie as it has 36 inch wide doors and a handicap accessible shower.This nice Shakopee end unit is priced at $162.500

5 Important Tips When Selling Your Shakopee Home

1) Price

I consider this probably the most important factor for multiple reasons. Price ditactes the amount of interest in your home as buyers generally judge the price of your home compared to other homes currently on the market, not necessarily sold listings. Shakopee realtors will do a market analysis prior to making an offer and compare your home to other Shakopee homes that have sold recently. Most tend to to pull comparable properties no more than six months old being appriasers will do the same and other even looking only within the last 4 months. When listings homes I generally try to stick with even numbers being many real estate search website have $10,000 or $25,000 increments to search by. Imagine if you are on the fence over price and decide to price your home at $249,900. By $100 you are missing the $250,000-$260,000 buyer and the $250,000-$275,000 buyer. Remember you are tyring to get the most exposure possible. Buyers are not dumb and looking at a home priced $100 lower is not going to pull the wool over their eyes.

Pricing your home well early on can be more beneficial than inflating the price and coming down. Many sellers want to “give it a try” when doing so makes thier home market worn over time. There have been studies that state most of the best traffic though your home is within the first few weeks. Within those first weeks the most active buyers want to run out, look at the newest listings and either make an offer or move on. Shakopee bank owned homes have this down pat. The bank owned homes generate tons of activity and many sell in multiple offers within the first two weeks on the market, unless the condition of the home is so poor it eliminates many buyers.  In an ever changing Shakopee real estate market, pricing is crucial.

2) Condition

As stated above, the condition of a property can make or break a transaction. With price, most of the time you have a mortgage to pay off and you have some but little control over the price unless you outright own your home. The market typically dicates value with the supply of existing homes and demand from buyers. Condition refers top how well you keep up the home. Maintence, being up to date and clean would all fall into this category. make sure you are cleaning every inch of your home. The places I see neglected most when showing homes are many places owners overlook . The four that jump out most are ceiling fans, return air vents, dusty mechanicals and bathrooms. Being up to date with carpet, fresh paint are two of the most inflential things I tihnk owners can do. Also make sure to fix leaking plumbing, quircky door locks and doors that may be off hinges. If you have wallpaper….take it down. Maintenace can be the most expensive part of this equation and some things can and can not be overlooked. Doing a furnace tune up or cleaning show buyers you take care of the home. Change the furnace filter prior to inspection as well. That is the single most thing I see inspectors put on reports along with gutter downspout extensions. You can pick gutter extensions up pretty cheap too at a local hardware store. Caulking is another inexpensive maintenece item often called on reports. The big ticket items like a roof, siding and windows are probably not going to give you the return on the money you are looking for. The only exception I would make to that is if the color of your exterior is a loud color, paint to neiralize. Yellows and blue typically don’t sell well either.

3) Marketinging your home

I am a huge advocate of trying to market to the audience you feel would best be interested in your home. The only time I advertise in the newspaper is when I have a one level townhomes because if you look at the Star Tibune reader demographic, it fits perfectly. If you are selling a larger two story home, you will probably be marketing to a neighborhood that would be a good move up buyer. Find people who have been in their homes 3-7 years when most start thinking or get the itch to move.

The internet is the best place currently to showcase homes. Local real estate sites, large brokerage sites, the MLS (not to be confused with The MLS online, which is a real estate company)  are some of the best. You can also advertise on local newspaper websites like startribune.com. Truila.com, zillow.com and craigslist.com can be some good free sites to use as well. We also include the Realtor.com expanded profile when sellers list their homes with the Twin City Real Estate Team. Realtor.com is the most used national site for home searches.

4) Photos

This is one of my biggest pet peves because SOOOOOOO MANY Shakopee realtors don’t take good photos. If you are going to be in the business of real estate, invest in the technology. If you do not want to invest in the technology, hire a professional photographer to take photos. You as an owner could also do so if you would like to showcase your hom in the best light. No one wants to see a bed, they want to see the bedroom. I use a Nikon D300 with a wide angle 11-18 Tamron lens and I also have an external flash to make rooms brighter. The MN MLS is where most real estate sites pull their photos from. Pictures say 1000 words, make sure it’s complementary.

5) Staging

Staging not to be confused by condition is making your home appear to buyers. Some of the easiest tips to stage your home is to take down the family photos, declutter and make your home bright as possible. Many showings are during the evening and I recommend turning on all the lights in your home and opening the blinds during the day. Make sure all the bulbs in your house are bright and in working condition. I wrote an article prior this year with an indepth look at staging your home for selling. I always come back to saying, “if model homes stage thier homes, so should you”

Hopefully this article helps and if you have any questions about the selling process feel free to contact me or give me a call at 612-384-2178.

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.

Buyer Older, Not Newer Shakopee Homes

Older Shakopee Homes For SaleThis may seem like an odd idea, but I have have many clients drifiting in the $150,000-$225,000 price range. Many clients just set up their search criteria to include home built after 1990 which I can feel may be a big mistake. The part of this I do not understand is there are some quality Shakopee homes for sale that are older than 1990 and do have many updates. One complaint I here about the Shakopee area is that there are not enough trees. Well newer areas do not have those established neighborhoods with 20-40 year old maples, oaks and other large shade trees. There are a few pockets of Shakopee that are great for neighborhoods as described, but you will need to be open to looking at an older home.

We just received an offer on a listing we have on Hauer Trail in Shakopee. GREAT neighborhood. Quiet, mature trees and well established. I think it is one of the hidden gems in Shakopee. This particular owner went all out when updating his home. Maintenance free James Hardy siding with a 50 year warranty, brand new quality windows replaced throughout the home, new high efficeny furnace and air conditioning, new hot water heater, newer carpet, new garage door openers and the list goes on. When considering a purchase, most Shakopee homes for sale do not have anywhere close to these upgrades and many will be in dire need of those update within the first five years on ownership.

Now would you rather purchase an “older” home and have all those updates or shell out upward of $30,000 for all those upgrades OUT OF POCKET after you close. At least the bank will give you the money upfront now at a great interest rate!

For older Shakopee homes for sale that need some fixing up, consider a FHA 203k loan. With that loan you are able to borrow more than the sales price and in turn take that money to make the improvments. I recently hasd a client purchase a home in Jordan and he took out about $9000 to install a new furnace, new air conditionor and do some plumbing and electrical repairs. Another great option in which you do not need to pay money out of pocket and can rather have those costs in your mortgage payment.

If you are thinking of moving within the area or are an out of state buyer contact me and I can send out a relocation packet.

Purchase a Shakopee home for only 2% downpayment!

A good quality Shakopee loan officer I work with , Chris Aloisio, just wanted to send out a refresher email for a loan program she and Wells Fargo in Shakopee have to offer. The program is called the CDMP program if you want to mention it to her when calling.  This program that is unique to Wells Fargo is great for first time buyers. CDMP stands for Community Development Mortgage Program. Here are the highlights and information on the program:

Conventional loan–in house (not Fannie or Freddie), Not an FHA program either

2% down–NO MORTGAGE INSURANCE!!!

Income limit of $67,200 for a family of 4–income limits waived if buying within the city limits of Mpls or St. Paul

Down payment can be a gift

Owner occupied only

Homebuyer education is required UNLESS they have owned a home in the last 3 years and made their last 12 payments on time so do not have to be first timers

One debt ratio of 42% & can have a co-signer

Must be employed for one year

Self employment for 1 year with tax returns is acceptable (2 year requirement waived on this program)

Credit score of 620 with 3 tradelines

No cash reserve requirement

Home must be in decent shape, but cosmetic repairs are fine

One year rental history required

Todays rate, 6/3/11,  for this loan is 4.875% for a 30 year fixed.

This loan program is truely a great program. Although there are income limits to apply for the program your downpayment can be gifted which helps and credit scores can be as low as 620.  The biggest advantage to this program in my opinion outside of the obviously only 2% downpayment program is NOT HAVING MORTGAGE INSURANCE.  That portion can save you $100+ per month!

If you want more information about this program feel free to contact, Tom Scott of Remax Advantage Plus and the Twin City Real Estate Team at 612-384-2178

When purchasing a home, make sure to have your own representation. The person selling the home has their own representation

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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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New Shakopee School District Boundaries

Now with the new elementary school opening in Shakopee this upcoming Fall, close to one third of the student population will be assigned a new school. My wife who taught at Pearson will be moving to the new Jackson Elementary School, as Pearson will become a sixth grade center for the Shakopee School District. Other significant changes within Shakopee Schools and throughout the Shakopee School District include a new principal at the Shakopee High School and a new superintendant. 

The Shakopee School board took many things into consideration that would be used in developing the proposed attendance areas include walking distance, transportation efficiency and the balancing the demographics of free and reduced lunch students and English Language Learner students. Previously most free and reduced lunch students remained in the Sweeney and Pearson Elementary schools. 

According to the ISD 720 website, Pearson Elementary may also be used as overflow for kindergarten and other programs in addition to the sixth grade center use starting in 2011.

Shakopee will now have the Shakopee High School, Shakopee Junior High, Shakopee Middle School, 6th Grade center and five elementary schools listed below:

-Red Oak Elementary

-Eagle Creek Elementary

-Sweeney Elementary

-Jackson Elementary

-Sun Path Elementary

Requests for having a child attend a school outside of his/her attendance area may be considered by the board after the proposed attendance areas have received final approval. Requests may be accepted starting approximately April 15.

New Shakopee School District Boundaries

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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.