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2015 Home Sales and Listings shows Significant Improvement for Eden Prairie (through July)

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Click on the link below to view the whole breakdown on the city of Eden Prairie for July 2015:

Eden Prairie July Market Update Report

City of Eden Prairie, MN 4.2% 15.40% 1.60%
Change in New Listings Change in Closed Sales Change in Median Sale Price
JULY YEAR TO DATE
2014 2015 plus / minus 2014 2015 plus /
minus
New Listings 167 174 4.20% 1,030 1,125 9.20%
Closed Sales 104 120 15.40% 603 627 4.00%
Median Sales Price (MSP)* $305,000 $310,000 1.60% $302,000 $295,000 -2.3%
Average Sales Price (ASP)* $336,008 $354,175 5.40% $355,990 $341,183 -4.2%
Price Per Square Foot* $132 $137 3.90% $131 $134 2.5%
Percent of Original
List Price Received*
96.50% 96.10% -0.40% 96.40% 96.20% -0.20%
Days on Market Until Sale 54 78 44.40% 77 93 20.80%
Inventory of Homes
for Sale
400 422 5.50% na na na
Months Supply of Inventory 4.6 4.8 4.30% na na na


First, both the number of listings and home sales are trending up minimally at a clip of 4.2% and significant growth of 15.4% for July alone comparing from 2014 results. Year to date statistics show a better 9.2% increase in new listings for Eden Prairie, MN properties and a significant 15.4% uptick in home sales comparing to July 2014 and 4.0% improvement through 2015 year to date than all of 2014 through the end of July.

Secondly, our year to date median sales price (MSP) and average sale price (ASP) is down -2.3% MSP and-4.2% ASP from 2014. However, in the month of July 2015 we experienced a small improvement in both the MSP and ASP above 1.6% and 5.4%. This is most likely explained by the wide range of value of homes in the Eden Prairie area that can significantly effect the results from month to month and year to year comparisons nevertheless days on market has increased negatively around 21% clip from 2014 year to date statistics and almost 45% for the month of July from 2014 to 2015. This illustrates a limited number of buyers in comparison to Sellers looking to sell their homes in Eden Prairie.

We live in and operate our Helgeson/Platzke Real Estate Group in the Eden Prairie, MN community and Eden Prairie School district. My team offers both home owners and home buyers personable, and strategic real estate solutions that will save you some money through the real estate sale or purchase of your home. I bring a wealth of experience and knowledge to complete your real estate transaction at a value uncommon in this industry. Give us – Helgeson / Platzke Real Estate Team a call at 952.241.4366 or fill out one of our contact forms so we can discuss your best options.

Click on the link below to view the whole breakdown on the city of Eden Prairie for July 2015:

Eden Prairie July Market Update Report

 


 

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