West Savage Real Estate Blog

West Savage Update - August 2014

Inventory this month is still sitting at 25 active listings in West Savage.   In August of 2013 there were only 8 homes available for sale.   Sales are still plucking away at a normal rate for the time of year.   All the signs are pointing towards the market balancing out.   The pendulum that once swung in favor of buyers, and then last year in favor of sellers, is now swinging back towards the mid-point.      

Realtors are “talking around the water cooler” about what is suddenly going on with the $200K market.  The $200K market (homes priced from $200,000-$299,900) is seeing reduced showing activity from buyers in our local market in recent weeks.    This is a curious detail because this is generally a very active price range.   Some of the analysts of our market data are suggesting that buyers who normally purchase in that segment are either choosing to rent, or are literally “skipping” the $200’s and buying into the $300’s, stretching themselves to get a house that will carry them further through the years ahead.   While it is still too early to substantiate any of this, we will be watching this trend as we head into the fall market.   The $200K market is a critical market that impacts sales in the $400K market.

This month, single family inventory in Savage and Scott County (as a whole) has risen, while townhome inventory in both Savage and Scott County has declined.   The West Savage absorption rate has declined from 7.14 last month to 6.0 this month.  That means if zero new homes come on the market, it will take 6.0 months to sell our existing inventory.    (A seller’s market is typically defined as having an absorption rate of 5.0 or less, and a buyer’s market is one with an absorption rate of higher than 5.0.)

JUST SOLD! 14783 Quentin Circle, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!    14783 Quentin Circle, Savage 

 

When it comes to location, this home is “IT!”  Situated on a walkout, cul de sac lot in 719 Schools close to O’Connell Park, this home also has a fully-fenced backyard with a playhouse.  It’s the perfect yard for privacy and carefree living. 

The interior of the home features four large bedrooms and two bathrooms.  The foyer is remarkably large and has tile flooring.  Upstairs, you’ll find a kitchen with stainless appliances and newer flooring, a family room with new carpet and fresh paint, two bedrooms and a full bathroom with new updates to the flooring and shower. 

The lower level features two additional bedrooms, a ¾ bathroom, a family room with a gas fireplace, and a walkout door to the backyard.  The lower level has knockdown ceilings. 

This home features a new roof, a freshly-painted exterior, new windows in the upper level bedrooms and a water softener.   You’ll love the neighborhood! 

View our VIRTUAL TOUR.

Offered at $224,900

14783 Quentin Circle in Savage is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to scheule a private showing call 952-212-3597.

 

JUST SOLD! 15756 Country Lane, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!    15756 Country Lane, Savage 

This home feels like it’s in the country, but it’s right in town!    The upper level features a recently updated kitchen with a new backsplash and updated cabinetry.  A four-season porch lies off the kitchen.  The living and dining rooms have hardwood flooring and a wood-burning fireplace.  Three bedrooms lie on the upper level, including a large master suite with an enormous walk-in closet.   The full bath has been recently updated with a new sink, jetted tub and walk-in tile shower.

The walkout lower level features a large family room with a wood-burning fireplace, a full bath with a whirlpool tub, and a bedroom.  This home also features a deck, two screened porches, a new furnace, new carpeting and other amenities.   The location is convenient, with quick access to schools, parks and shopping!

SOLD IN MULTIPLE OFFERS AT $228,000

15756 Country Lane in Savage is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to schedule a private showing call 952-212-3597.

Weekly Market Activity Update - Modest Appreciation

On a national level, home prices have dipped slightly. Instead of freaking out about this on 24-hour cable news channels, analysts are happy to see more sustainable trends settling into the U.S. housing market. With slower, healthier price growth, homeowners will have the opportunity to steadily build equity while buyers won't be priced out of the market. Price normalization is not a negative trend, but rather a sign of stabilization and market athleticism.

In the Twin Cities region, for the week ending August 9:

• New Listings increased 8.7% to 1,794

• Pending Sales decreased 1.3% to 1,157

• Inventory increased 9.6% to 18,494

For the month of July:

• Median Sales Price increased 3.4% to $215,000

• Days on Market decreased 5.6% to 68

• Percent of Original List Price Received decreased 0.7% to 96.8%

• Months Supply of Inventory increased 15.8% to 4.4

JUST SOLD in St. Clair Bluffs - 13740 Hillsboro Avenue, Savage - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD in St. Clair Bluffs!   13740 Hillsboro Avenue

Welcome to 13740 Hillsboro Avenue!   This two-story home flows beautifully from inside to out, with a vaulted four-season porch addition that leads to a wandering paver patio covering over 450 square feet!  

 The main floor includes a huge granite kitchen with a custom backsplash, center island and organization desk.   The butler pantry leads to a formal dining room.   The main floor family room overlooks the backyard and features a stone fireplace.

The second floor features four bedrooms and two full bathrooms, including a vaulted master suite with French doors, a walk-in closet, and a private full bathroom with tile flooring, dual sinks and a whirlpool tub.  A second full bath also lies on the second floor. 

This move-in ready home also features updated window treatments and a landscaped yard with an in-ground sprinkler system.  Walk to parks and trails! 

Offered at $369,900.  SOLD AT $362,000

View our VIRTUAL TOUR.

13740 Hillsboro Avenue is proudly marketed by Chad & Sara Huebener of Edina Realty.  For more information or to schedule a private showing call 952-212-3597. 

JUST SOLD! 4194 Cates Street SE, Prior Lake - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!

Welcome to 4194 Cates Street SE in Prior Lake!  This TRADITIONAL SALE is an incredible buy for a single family home!   This 3BR, three-level home features a vaulted open main level.  The family room has new carpet and bayed windows.   The kitchen has new flooring, abundant countertop space and a pantry for storage, and leads to a large deck overlooking the backyard. 

The upper level features two bedrooms and a full bathroom. The master bedroom has a walk-in closet and access to the bathroom.   Another bedroom, another full bathroom, and a family room lie on the lower level.   The laundry room and a crawl space for additional storage can be accessed via the lower level as well.   

You’ll fall in love with the flat, fenced backyard of this home!  It backs up to a wooded lot, and just across the street are wooded wetlands, so you’ll enjoy peaceful views from the front and back windows.   A two-car garage for parking, easy access to highways and area conveniences, and a home warranty for the buyer are just some of the additional amenities this home has to offer! 

View our VIRTUAL TOUR.

Offered at $194,900   SOLD AT $194,000

4194 Cates Street SE in Prior Lake is proudly marketed by Chad & Sara Huebener of Edina Realty.   For more information or to schedule a private showing, call 952-212-3597. 

 

JUST SOLD on the Creek between Prior & Spring Lakes - 3050 Creekview Circle - Chad & Sara Huebener, Edina Realty, Lic. MN

JUST SOLD!  3050 Creekview Circle, Prior Lake 

Come live on the creek!   This lovingly-cared for 4BR home sits on a picturesque creekfront lot with mature trees and perennial gardens, and is home to ducks, eagles and fish.   Sit on the patio or one of two tiers on the deck and enjoy the view!

The upper level has a large open kitchen with a new backsplash, new knockdown ceilings and a large dinette.  Two bedrooms and a full tile bathroom also lie on the main floor.  The finished walkout lower level features a family room and a functional bar for outdoor entertaining.  Two additional bedrooms and a tile ¾ bath also lie on the lower level.  

This home features new windows throughout, a new roof (2014,) solid core doors, a newer deck, newer furnace and AC,  new laundry appliances, a newly repainted exterior, a freshly painted garage and resurfaced garage floor, and so much more.     

View our VIRTUAL TOUR.

Offered at $249,900    SOLD AT $249,900

3050 Creekview Circle is proudly marketed by Chad & Sara Huebener at Edina Realty.  For more information or to schedule a private showing call 952-212-3597.

JUST SOLD in Dufferin Park! 6127 N. Ridge Drive, Savage

JUST SOLD!  6127 N Ridge Drive, Savage

This 5BR walkout two-story features a charming Craftsman-style exterior with stonework and a front porch.  

The kitchen has white cabinetry, a slate backsplash, and updated flooring and leads to a large deck overlooking the backyard.  The main floor has a family room with a fireplace and a large laundry room with an abundance of cabinetry.  

Upstairs you'll find four bedrooms and two full bathrooms, including a large master suite with a walk-in closet and an updated private bathroom.  

The finished walkout lower level has a bedroom with French doors, a gas fireplace, a 3/4 bathroom and a wet bar.   The backyard has a huge patio with a storage shed, a basketball court, and a wonderful flat backyard. 

Offered at $329,900   SOLD AT $328,900

JUST SOLD! 17837 Sunray Blvd, Prior Lake

OFFER PENDING!   17837 Sunray Blvd, Prior Lake  

This 3BR 2BA new construction red craftsman-style rambler features a vaulted main floor family room and kitchen.  The family room has a corner stone fireplace.  The kitchen features upgraded cabinetry, granite surfaces, pendant lighting, a walk-in pantry and custom interior details.  The master suite is enormous with a sitting area and a private full tile bathroom with a walk-in closet.  Two additional bedrooms and a 3/4 bath lie just down the hall.  

  The unfinished walkout basement is soon-to-be finished by the buyer, with two bedrooms and a family room style teen suite.  This home features a 3 car garage and a maintenance-free deck that is ready to be screened in.  

Offered at $389,900.     SOLD AT $386,000

Chad & Sara's WEST SAVAGE AREA Open House Blitz

We are holding six open houses in the West Savage area (plus the Shakopee river bluff) on Saturday, August 16. You can scroll through or print the flyer below for a list of which houses we are holding open, as well as directions to each home.