Hello Champlin Residents,
I wanted to write this blog post to share some amazing stats about our local Real Estate market. I am a local Realtor in Champlin and have been for more than 11 years and I am also a resident here. The stats i'll be sharing come from the Multiple Listing Service (MLS) and are for the month of April 2016 over 2015. And for my final qualifier, these stats encompass all transactions across any brokerage that utilizes the MLS. (Not just Edina Realty)
Median Sales Price- Up 12.8% to $220,000.
Days on Market- Down 29% to 49 days.
Percent of List Price Received- Up 2.8% to 99.5%
What these stats are telling us is that home values are increasing at a great clip while it's taking less time to actually sell them. To me, the most amazing stat is that sellers are getting almost full price when they list their homes for sale. So with that info in mind I say to you, sellers, you probably have more equity than you think.
Click here to see a list of homes for sale in Champlin.
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