Just Listed ~ Just Sold in Champlin - Weekly Real Estate Update
September 21st-27th, 2015
Courtesy of Heidi Herda ~ Herda Home Team ~ 612.807.4858
YOUR Champlin Realtor & Resident!
If this is your first visit, thank you for coming! This is my weekly blog, geared toward letting Champlin resident's get a feel for the current Real Estate market, right here in their own community. Regardless if you're buying a new home or selling a home, keeping up with Real Estate trends is always a great way to know if "Now is the right time to make a move!"
Suggested Post:
Fall Things to do in Champlin
The Fall is a great time to get out and enjoy the cool air and bright colors of changing leaves on trees. The bright reds and oranges are always my favorite color leaf colors. While the leaves are changing many people are also looking forward to Football games, Football parties and of course Football Food!! If you would like to get out and about before Winter hits, I have gathered a few fun places to check out for Fall 
around Champlin. (see full article here)
As always, one of the most important things to consider is... are we in a seller's market or a buyer's market? Currently, we're leaning toward a seller's market. Inventory remains lower than the demand which tips the scales to a seller's market.
Now, what happens if you're a buyer? Buyer's are still getting great deals on homes. There's talk of the interest rates starting to rise again, nothing to panic about but if you're on the fence about buying a home, now might be a good time to consider the move. A low-interest rate means paying less on a monthly payment and also paying less interest for the life of the loan (or however long you live there).
Government programs such as FHA have also lowered some of their fees making payments on your loans cost a little less money. So truly if you're in the market to sell, you're going to see a decent price and if you decide to buy, you can take advantage of low down mortgage programs, low-interest rates, and more move-in ready or residential sales versus the short sale or foreclosed properties of the past. So if you're thinking of making a move... NOW is The TIME!!
Get more weekly updates by "liking" my Champlin Real Estate Facebook page to see all the latest weekly, Champlin Real Estate posts!
Now would be a great time to check what "just Listed" homes appeal to you!! Inventory choices have slowed a little bit, the "good ones" seeme to go quickly! So don't wait, check out these homes and request a showing before they're gone!!
7 Homes Hit The Market This week...
1309 Independence Ave N, Champlin
11649 Pondview Court, Champlin
As of this week in Champlin the average list price of the new homes on the market this week is $274,400 with an average of $115.73 per square foot. Eight new homes is still plenty of properties entering the market to remain a seller's market.
8 homes Sold & Closed in Champlin this week. The average price of the sold and closed homes of Champlin was $235,950 with 62 days on average for market time!! Yes, you can still sell and buy before the snow flies!! ~ Give me a call at 612.807.4858 to get started!!
| 7445 122nd Ave N | Sold ~ $153,800 | What's my Mississippi Shores Home Worth? |
| 13024 Saratoga Ln N | Sold ~ $178,000 | What's my Edgewood Gardens Home Worth? |
| 11808 Georgia Ave N | Sold ~ $194,000 | What's my Meadow Wood Home Worth? |
| 11009 Utah Ave N | Sold ~ $195,000 | What's my Westwood North Home Worth? |
| 11408 Rhode Island Ct | Sold ~ $216,300 | What's my Nicole's Estate Home Worth? |
| 908 W River Rd | Sold ~ $279,000 | What's my W River Home Worth? |
| 371 Nathan Ln | Sold ~ $290,000 | What's my Stonehearth Place Home Worth? |
| 11730 Emery Village Dr | Sold ~ $300,000 | What's my Emery Village Home Worth? |
We currently have 35 homes in pending status, which means these homes have an accepted offer from all parties and the buyer has completed a successful home inspection, the bank has approved the loan and the appraisal is complete. The buyer's lender and the title company will be preparing final documents for both the seller's and the buyer's to sign at the closing table.
For the 35 pending properties, the average home price is $215,117. The price per sqft is $113.50 and these homes sold within 47 days on the market.
Are you just starting your home search?
There's a lot of great reason's why now is a great time to become a homeowner! It's true, the process can seem a little intimidating to get started. First and foremost, your first step really should be to secure a trustworthy lender. This can be the bank you currently have a relationship with, a credit union you belong to, or you may request a referral from a family member or friend. Either way, you will want to start here! The reason why? The current Real Estate market is moving so quickly, not being preapproved and ready to go could mean the home you want will likely be sold by the time you are ready. Get started with my quick application so I don't miss my dream home!!! or you may call Aaron Daeges direct at (952) 942-4756.
The other advantages of getting preapproved in advance can sometimes eliminate heartbreak, you will never want to overextend yourself with a home payment, or the term "being house broke" speaking with a lender can get you on the path to an affordable monthly payment, they can help you secure an attractive interest rate and a program that fits your finances and budget. Having these conversations early eliminates the unknowns when it's time to write an offer on the property of your dreams!
After you have a lender secure, a preapproval letter in hand, it's time to find a Real Estate agent you trust. Once you have an experienced Realtor on your side, it's time to have a buyer consultation with your real Estate agent to determine your wants, needs and budget so you can start looking for a new home! Search for a home is such an exciting time. If you're ready to find a new Home in Champlin, check out these great neighborhoods with "just listed" homes for sale!
Coler Farms neighborhood as well as Elm Creek Court, Douglas Common's, Elm Creek Clubs One level townhomes, and Emery Village townhome neighborhoods are a great place to start if you're looking for low maintenance living at an affordable price. Elm Creek Parkway offers several lovely single family neighborhoods, The Preserve, and The HighPointe neighborhoods which line Elm Creek Parkway also have several homes new on the market. The Elm Creek Park Reserve is also a popular area to search for a new home. See homes for sale near The Elm Creek Park Reserve.
Why Do People Live in Champlin?
Champlin is snugly situated near the Mississippi River and offers a ton of affordable housing. Champlin has more than a handful of parks which include Andrew's Park Splash pad, Northland Park, Elm Creek Park Reserve, Oxbow Park and a Skate Park, Lifetime Fitness, ice rink, Mann Movie Theater, The Champlin Library and easy commuting access to Highway 169 and Highway 610 to help your morning commute. (Search all Champlin Community has to offer). Champlin is said to have a small town community feel by local Champlin homeowners.
Champlin also offers great restaurants such as Ruby Tuesday's, Willy McCoy's, Clive's Roadhouse, Buffalo Wild Wings, Maverick's and Coming soon...Chipotle!!, easy access to local grocery stores, Cub Foods, Caribou Coffee, a Chinese Restaurant, and a few Fast Food locations, Wells Fargo and Target are just around the corner. All the conveniences and a little smaller town feel than the neighboring Brooklyn Park and Maple Grove areas.
What Schools will the Kids Attend?
If you buy a home for sale in Champlin, it's likely that your kids will attend Oxbow Creek Elementary, serving grades K-5, located at 6505 109th Ave. N | Champlin, MN 55316 | P: 763-506-3800- See Oxbow Creek Elementary School Website (see all homes for sale near Oxbow Creek Elementary), your other option for a local Elementary School is Dayton Elementary School, serving grades K-5, located at 12000 South Diamond Lake Rd. | Dayton, MN 55327 | P: 763-506-2200 - See Dayton Elementary School Website (see all homes for sale near Dayton Elementary School). Jackson Middle School, serving grades 6th-8th and located at 6000 109th Ave. N | Champlin, MN 55316 | P: 763-506-5200, See Jackson Middle School Website (see all homes for sale near Jackson Middle School), Champlin Park High School services grades 9th-12th and is located at 6025 109th Ave. N | Champlin, MN 55316 | P: 763-506-6800, See Champlin Park High School Website (see all homes for sale near Champlin Park High School).
If you're looking for a specific specialty programs, Champlin offers access to magnet schools and unique school opportunities for elementary, middle school and high school students through Northwest Suburban Integration School District (www.nws.k12.mn.us). This is a great opportunity for children that excel in engineering, mathematics, and science. See more Champlin School information according to GreatSchools.org.
Local preparatory Schools also include Parnassus Preparatory School, Maple Grove (see homes for sale near Parnassus Prepatory School) and Athlos Leadership Academy, Brooklyn Park (see homes for sale near Athlos Leadership Academy).
If you're looking for a local, rigorous, Christian Academy, Maranatha Christian Academy is located at 9201 75th Avenue North, Brooklyn Park, MN 55428 | Phone: (763) 488-7900 - Maranatha Admissions Information, Find Homes For Sale near Maranatha Christian Academy.
Now You Really Want to Find a home for sale in Champlin?
If you are interested in the current list of homes available in Champlin click on the link. Our 'for sale' property information is a direct feed from the Northstar MLS and is updated multiple times per day. If inventory is low and you do not receive search results, it's because no current inventory is available, Set your own search by creating a personal Champlin Homes alert, subscribe to the Champlin Market Insider so you're up-to-date on the current inventory, pricing and sales in Champlin. Otherwise, you may search all Champlin Homes for sale by price:
- Champlin Single Family Homes Between $100,00 - $200,000
- Champlin Single Family Homes Between $200,000 and $300,000
- Champlin Single Family Homes Between $300,000 - $400,000
- Champlin Single Family Homes Between $400,000 and $500,000
- Champlin Single Family Homes Between $500,000 and $600,000
- Champlin Single Family Homes Between $600,000+
- Champlin condos, townhomes, townhouses
- Champlin Waterfront Properties
- Find Champlin Open houses
Do you need to sell before you buy? No problem, get a FAST, EASY, FREE home evaluation now!
If you're thinking about selling your home, I would love the opportunity to earn your business! I am a resident of Champlin and also an experienced Realtor. Please connect with me to schedule a seller consultation, so I can provide you with the details of my 22-point market strategy. This proven system gets homeowner's under contract faster, and for top dollar!
What Do I Need to Know About The Champlin Real Estate Market?
Reviewing the inventory and health of the Real Estate market can be seen by looking at the number of sold and listed properties. As we determined above, we're still seeing a good deal of homes entering the market. Almost every week, I have one or more properties that go under contract within the first week it's listed on the market. 35 pending homes is also a great indication of the motivated buyer's that still exist in the market. The average days on the market has increased since the start of the Spring market, but that can also be attributed to busy summer plans and vacations.
It's also important to understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month. You can see to the left that the initial listing price is what a home seller "wanted" and the green sold price indicates what the "market" valued a home at. In Real Estate, a home is never worth what a seller paid, a seller needs to get out of it etc., a home is only worth what a buyer is willing to pay. It's actually the market that sets the price and that's why you need a local expert to determine where that market price is. You can check your homes approximate value at MyChamplinHomeValue.com or you may reach me direct at 612.807.4858 to discuss further.
You can also gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
- Sold: Properties sold that month
- New: Listings that are new on the market
- Distressed: Listings that are short sales, bank owned, or up for auction.
- Standard: Non-distressed listings
The number of active listings in Champlin (55316) dropped by 12.4% from the previous month. The median number of days active properties have been listed is 30. This is significantly shorter than the national average. The number of sales in July dropped by 71.4% from the previous month.
To date we have a great number of traditional sellers entering the Champlin Real Estate market. The low percentage of foreclosed and short sale properties means the low selling price, with have little effect on a traditional, residential property listed for sale.
HerdaHeidi@gmail.com for any and all Real Estate questions or, 612-807-4858! Think you need a Champlin short sale? No problem, connect with me and we'll discuss your options and create a plan to get you moving in the right direction!
Thank you for reading Heidi Herda Real Estate ~ Champlin Realtor & Residents blog, "Just Listed ~ Just Sold in Champlin - Weekly Real Estate Update " Don't forget to like my Heidi Herda Champlin Real Estate Facebook Page or follow me on twitter @heidihomesearch. #herdahometeam #champlinrealestate
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