Chanhassen homes are selling! What we are finding is that the the real estate market is so segmented that you really need to look at specific areas and specific price points to really understand what is happening with your home. What might be happening to Chanhassen home prices in Eden Prairie could be very different from homes in Minneapolis. What I like to look for are specific patterns in the market statistics to help understand what is occurring in specific areas rather than just the entire region being lumped together. The following are some statistics on the Chanhassen real estate market.
Looking at some data on the multiple listing service, I did a search to find all Chanhassen homes sold since June 1st this year. I also looked to see how many homes are currently for sale which, as of today, is 230 homes.
Of the 230 Chanhassen homes currently active on the market, 45 homes are priced under $200,000. Most of which are townhomes and condominiums. Sixty homes are listed from $200-300,000. Would you be surprised to know that actually 21 Chanhassen homes are priced over one million dollars?!
Looking at the multiple listing service data, since June 1st there were a total of 125 Chanhassen homes that sold in Chanhassen. A definite drop off in the market started in September. Thirty-four homes sold in June, 31 in July, 32 in August, 16 in September, and so far 12 in October. This is very typical to have the fall housing market drop as the temperatures drop.
Interestingly, only one of the Chanhassen homes has sold that was priced over $500,000. There were seven homes priced between $200,000-400,000. Four homes priced under $200,000 that sold. What I see here is that the number of buyers looking for homes priced over $500,000 are very scarce. These types of patterns can really vary from city to city.
Looking at the averages for the homes that sold from June 1st until today, the average market time was 87 days. Which is not bad, actually. The average original list price was $428,000 with the average sale price being $396,000. This gives us an average list to sale price ratio of 92.5% which falls right in line with the regional numbers.
If you find this information helpful or intersesting, or would like data more specific to your home or neighborhood please drop me an email and I would be happy to provide that to you.
Possibly elated posts:
- Chanhassen Homes for Sale View almost all Chanhassen homes listed on the Minnesota MLS...
{ 2 comments… read them below or add one }
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin
Thanks for stopping by Eric! Let me know if there is anything in particular you would like to hear more about, or specific neighborhoods, or cities you would like data for.
Nate