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Prior Lake, MN Real Estate News

Here are the final numbers for Prior Lake, MN home sales for December and year 2008. Prior Lake, MN December December December Entire Year Entire Year Entire Year Scott County, MN 2007 2008   Change 2007 2008   Change New listings 69 59 -14.5 1371 1102 -19.6 Closed Sales 16 9 -43.8 394 320 -18.8 Avg. Sales Price 373,812 400,735 7.1 329,955 326,910 -0.9 % of orginal list pirce received 95.2 86.1 -9.6 94.9 91.8 -3.3 Avg. Days of Market  86 134 56.5 149 160 8 Single-family detached inventory 243 188 -22.6       Townhouse-condo inventory 148 243 64.2         If you have any questions about this information on home sales for Prior Lake, MN. please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.com Kenden@KendenPost.com (o)952-997-1960...
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By Kenden Post
(Coldwell Banker Burnet)
 Here is the information for home sales in Prior Lake, MN. for the month of September 2008; Prior Lake, MN   September         YTD   Scott County 2007 2008   Change 2007 2008   Change New listings 107 75 -29.9 1127 908 -19.4 Closed sales 30 35 16.7 303 244 19.5 Avg. sales price 342691 314908 -8.1 326580 27674 0.3 % of original list price  94.1 91.6 -2.7 95.4 92.2 -3.4 Avg. days on market 152 159 5.2 148 169 13.8 Single family inventory 246 250 1.6       T/H-Condo inventory 150 144 -4         If you have any questions about this information please feel free to contact me. Kenden Post-Ketterling Group Coldwell Banker Burnet-Apple Valley www.KendenPost.com Kenden@KendenPost.com (o)952-997-1960, (f)651-209-0989 Statistics courtesy of Minneapolis Association of Realtors www.MnShortSalesExper...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the figures for February home sales in Prior Lake, MN;Prior Lake, MNFebruaryFebruaryFebruaryYear to DateYear to DateYear to DateScott County, MN20072008   Change20072008   ChangeNew Listings12695-24.6249211-15.3Closed Sales2116-23.832320Avg. Sales Price$276,835 354,29128$283,491 $322,543 13.8% of original list price received at sale9688.7-7.694.790.2-4.8Avg days of market until sale17219513.417121626.3Single family detached inventory2212325Townhouse-condo inventory1511520.7 If you have any questions please feel free to contact us.Kenden Post-The Ketterling GroupRHS Realty-Apple Valleyhttp://www.kendenpost.com/Kenden@KendenPost.com952-997-1960Know someone that is facing foreclosure? Visit http://www.rhsrealty911.com/ for information.Information courtesy of the Southern Twin Citi...
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By Kenden Post
(Coldwell Banker Burnet)
Here is the December sales data for Prior Lake, MN;Prior Lake  DecemberDecemberDecember    YTD    YTD    YTDScott County MN.2006 2007 % Change2006 2007 % ChangeNew Listings57 67 18 1268 1379 9 Closed Sales25 15 (40)456 367 (20)Avg. Sales Price285119 371399 30 343274 332029 (3)% of original list price at close94 95 1 97 95 (2)Avg. Days on market until sold127 132 4       NA160        NASingle family detached inventory198 208 5        -         -        -Townhome/condo inventory145 129 (11)       -         -        - If you have any questions on this information please feel free to contact us.Kenden Post-The Ketterling GroupRHS Realty-Apple Valleywww.KendenPost.comKenden@KendenPost.com952-997-1960Do you need information on a "short sale" on your home? Visit www.RHSRealty911.com for furthe...
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By Kenden Post
(Coldwell Banker Burnet)
The following information is for Prior Lake real estate transactions for the month of November;Prior Lake  November November November    YTD    YTD    YTDScott County Minnesota2006 2007 % Change2006 2007 % ChangeNew Listings76 106 40 1211 1312 8 Closed Sales38 28 (26)431 352 (18)Avg. Sales Price364105 333771 (8)346655 346655 (5)% of original list price at close96 93 (308)97 97 (2)Avg. Days on market until sold144 203 41       NA130        NASingle family detached inventory198 222 12        -         -        -Townhome/condo inventory108 127 18        -         -        - If you have any questions about the information please feel free to contact us.Kenden PostRHS Realty-Ketterling Group952-997-1960www.KendenPost.comKenden@KendenPost.comThe information was provided by the Minneapolis Ass...
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
While viewing various landscapes of area homes in Prior Lake this weekend for the Pond and Landscape Tour, I ran into a couple who sprinkled their landscape with art they produce on site. Called Artscape Lighting, they design beautiful floral sculptures which house lighting for ponds, walking paths, fences, etc. The one pictured above is a fountain into the swimming pond they built. Check out their website for more designs. They have developed a great way to camouflage lighting and make the garden more appealing!Talking to the owner, she mentioned that the lights are also great for winter landscaping. They can survive the harsh Minnesota winters, especially snowing ones. Not only are they "flowers" in the garden when nothing is alive, they also give great ambient light in the evening an...
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
Like most areas in the Twin Cities, real estate in Prior Lake has also felt the pinch of the real estate market correction currently underway. So far this year, homes sales are down 30% from 2006 and days on the market has increased, currently an average of 161. Below are some rundowns of market activity for the Prior Lake area for single family residential homes for sale.$300,000-500,000 - 83 Active Listings, 13 pending, 18 sold.  Less homes are being listed and less are selling.$500,000-800,000 - 94 Active Listings, 8 pending, 6 sold$800,000-$1 Million - 38 Active Listings, 2 pending, 0 sales  The price range with the most new listings, and the least amount of sales.Upper Tier Homes$1-2 Million : 25 Active Listings, 1 Pending.  There are fewer homes listed for sale in this price range...
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By Jennifer Kirby, The Luxury Agent
(Kirby Fine Homes)
Like most areas in the Twin Cities, Prior Lake has also felt the pinch of the real estate market correction currently underway. So far this year, homes sales are down 31% from 2006 and days on the market has increased, currently an average of 168. Below are some rundowns of market activity for the Prior Lake area for single family residential.$300,000-500,000 - 100 Active Listings, 10 pending, 28 sold$500,000-800,000 - 91 Active Listings, 11 pending, 18 sold$800,000-$1 Million - 24 Active Listings, 1 pending, 6 soldUpper Tier Homes$1-2 Million : 34 Active Listings $2-3 Million : 3 Active Listings$3-5 Million : 1 Active ListingThe luxury home side of Prior Lake has 38 listings, but has only had 2 homes sold for the entire year of 2007. The most expensive home is priced at $3.9 Million an...
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