I have been working with 1st time buyer for about a week. He is capped out at $145,000. He wants to purchase a single family ghome in Dakota or Scott County. If you would have asked me four years ago if you could find single family homes in this price range, I would have told you that you were on crack! I have been amazed how many properties are listed bellow $150,000. The only problem is that every decent property has two to four offers on them! The banks finally get it and are pricing some of gthe3se properties so ridiculously low that Buyers are jumping on them. Moral of the story is help our client analyze and realize many of these proprieties have been discounted enough already so there is no need to play the typical "BUYER GAMES" like low ball 25k under list when the property has all ready been adjusted for condition. Now more than ever we need to help our buyers see a property's real value and not let their ego and desire to make a steal prevent them from making a wise investment and purchase.
Here is an interesting fact: In Plymouth Wayzata Schools (District 284) there were 279 SOLD & CLOSED transactions of Detached Single Family Homes in 2008 while Plymouth Robbinsdale Schools (District 281) only had 117 CLOSED & SOLD transactions in 2008. Other stats:
284 281
Average List Price $423,238 $328,495
Average Sales Price $406,162 $317,048
Sale/List Ratio 95.9% 96.5%
Average Days on Market 64.6 Days 69 Days
Average CDOM 125 Days 138 Days
This data was compiled using Northstar MLS. All Information reliable but not guarenteed.
As of 3/3/09 there are currently 31 Active foreclosure properties for sale in Plymouth compared to 57 Foreclosures for sale in Maple Grove and 45 for sale in Minnetonka.
| Bitma | 2007 Plymouth District 281 Real Estate Analysis | Bitmap Bitmap | |||||||||||||
| Single Family Homes Previously Owned Property | |||||||||||||||
| David A. Cohen | 612-819-4077 | ***All Data taken from Northstar MLS | . All Information Reliable but not guranteed.*** | ||||||||||||
| Zip Code | School District | Price Range | ASP '06 | ASP '07 | % Change | # sales '06 | # Sales '07 | % Change | DOM '06 | DOM '07 | % Change | CDOM'06 | CDOM'07 | % Change | |
| 55441 | 281 | 200k-300k | $266,333 | $268,660 | 0.87% | 23 | 20 | -1% | 51 | 68 | 33% | 60 | 136 | 126% | |
| 300k-400k | $339,252 | $332,633 | -2% | 29 | 18 | -4% | 58 | 67 | 16% | 82 | 89 | 9% | |||
| 400k-500k | $451,200 | $424,722 | -6% | 9 | 9 | 0 | 29 | 70 | 141% | 40 | 136 | 240% | |||
| 500k-600k | $535,458 | $531,613 | -0.71% | 3 | 8 | 2% | 69 | 71 | 3% | 130 | 161 | 24% | |||
| 600k-700k | $615,000 | 0 | NA | 1 | 0 | NA | 11 | NA | 0% | 11 | 0 | 0% | |||
| 800k-900k | $0 | $807,500 | 100% | 0 | 1 | 100% | 0 | 11 | 0% | 0 | 11 | 0% | |||
| 900k-1M | $0 | $905,000 | 100% | 0 | 1 | 100% | 0 | 26 | 0% | 0 | 26 | 0% | |||
| Total Averages | $342,248 | $371,026 | 8% | 65 | 57 | -12% | 51 | 66 | 29% | 71 | 123 | 73% | |||
| 55442 | 281 | 100k-200k | 0 | $190,000 | 100% | 0 | 1 | 0% | 0 | 32 | 0% | 0 | 32 | 0% | |
| 200k-300k | $275,864 | $278,838 | 1% | 18 | 13 | -27% | 68 | 61 | -10% | 188 | 150 | -20% | |||
| 300k-400k | $339,619 | $341,025 | 0.41% | 33 | 27 | -12% | 42 | 48 | 13% | 78 | 98 | 25% | |||
| 400k-500k | $442,346 | $444,400 | 0.46% | 9 | 5 | -44% | 66 | 83 | 25% | 195 | 114 | -46% | |||
| 500k-600k | $530,667 | $539,875 | 2% | 3 | 4 | 0.13% | 103 | 57 | -45% | 227 | 207 | -9% | |||
| 600k-700k | $675,000 | $0 | 0% | 1 | 0 | 0 | 63 | 0 | 0% | 63 | 0 | 0% | |||
| 800k-900k | $0 | $0 | 0% | 0 | 0 | 0 | 0 | 0 | 0% | 0 | 0 | 0% | |||
| 900k-1M | $935,000 | $0 | 0% | 1 | 0 | 0 | 58 | 0 | 0% | 58 | 0 | 0% | |||
| Total Averages | $359,325 | $348,082 | -3% | 65 | 50 | -23% | 56 | 55 | -0.16% | 120 | 120 | 0% | |||
| 55446 | 281 | 100k-200k | $0 | $0 | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0% | |
| 200k-300k | $267,633 | $269,320 | 0.63% | 6 | 5 | -16% | 19 | 51 | 168% | 58 | 129 | 122% | |||
| 300k-400k | $376,667 | $374,600 | -0.55% | 3 | 1 | -66% | 47 | 3 | -94% | 62 | 3 | -10% | |||
| 400k-500k | $451,475 | $462,950 | 3% | 4 | 4 | 0 | 43 | 26 | -39% | 98 | 26 | -73% | |||
| 500k-600k | $553,000 | $524,250 | -2% | 2 | 2 | 0 | 45 | 42 | -7% | 245 | 42 | -83% | |||
| Total Averages | $376,513 | $385,125 | 2% | 15 | 12 | -20% | 50 | 37 | -26% | 128 | 76 | -40% | |||
| All District 281 | 100k-200k | $0 | $190,000 | 0 | 0 | 1 | 100% | 0 | 32 | 0 | 0 | 32 | 0% | ||
| 200k-300k | $266,613 | $269,152 | 1% | 55 | 41 | -25% | 58 | 66 | 14% | 104 | 143 | 38% | |||
| 300k-400k | $341,165 | $338,471 | -0.78% | 65 | 46 | -29% | 50 | 55 | 10% | 79 | 94 | 19% | |||
| 400k-500k | $447,628 | $438,683 | -2% | 22 | 18 | -18% | 47 | 64 | 36% | 125 | 106 | -15% | |||
| 500k-600k | $538,047 | $532,921 | -1% | 8 | 14 | 75% | 76 | 63 | -17% | 212 | 157 | -26% | |||
| 600k-700k | $645,000 | $0 | 100% | 2 | 0 | -100% | 37 | 0 | 0% | 63 | 0 | 0% | |||
| 800k-900k | $0 | $807,500 | 100% | 0 | 1 | 100% | 0 | 11 | 0% | 0 | 11 | 0% | |||
| 900k-1M | $935,000 | $905,000 | -3% | 1 | 1 | 0% | 58 | 26 | -55% | 58 | 58 | 0% | |||
| District 281 Averages | $347,821 | $359,546 | 3% | 153 | 122 | -20% | 54 | 60 | 11% | 102 | 119 | 17% | |||
Key:
ASP = Average Sales Price DOM = Days on the Market CDOM = Cumlative Days on Market with in a 12 month period
4100 Berkshire Lane N Plymouth, MN 55441
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