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Champlin Real Estate News Update Dec. 21st-27th, 2015

By Heidi Herda 612-807-4858

Real Estate Agent with EXP Realty

December 28, 2015 05:11 AM

Champlin Real Estate News Update

Dec. 21st-27th, 2015

1 New Home Hit The Market This week...

Thank you for visiting, this is a weekly blog post geared toward letting Champlin residents 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!" As always, one of the most important things to consider is... are we in a seller's market or a buyer's market?

With the Holiday week passed us and the New Year just ahead, we had a pretty slow week. As we get into the middle of January we'll see a steady increase to listings and home sales. We're still experiencing ultra low-interest rates, even though we did see a small jump in rates. The rate increase was roughly .25% and will be gradually increasing over the coming years. If you're on the fence about buying a new home, the rates will steadily increase, buying a home sooner will save you over the life of the loan.

Right now with great rates and home prices rising, we're in a neutral market. As we get closer to Spring, it's likely we'll shift back to a seller's market.

So, what does that mean for a seller? If your home is currently listed or you plan to still list yet this year don't worry! A few things to consider, as the temperatures drop and we start to get snow you can assume anyone heading to your front door is a 'serious' buyer! Relocation changes still occur in any month so it's possible they will be looking in the winter. Also, rental leases end year round as well. Even though moving in the winter may not be ideal for everyone there's still a need for home's during any season. As we have been extremely blessed with wonderful weather this winter, we're seeing homes still moving and will likely push sales steadily through the winter months.

Curious what your Champlin Home is Worth?

We currently have 52 active homes available for sale in Champlin 55316. On average, we're seeing extended market time, which is typical for a cooler season at 79 days on the market. The average purchase price of homes still active is $206,304.

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! You can also check your value by visiting MyChamplinhomeValue.com or see recent home sales near me.

Now, what happens if you're a buyer? Buyer's are still getting great deals on homes. The low-interest
rates mean that a new home buyer can stretch their dollar and afford more of a home than the same buyer a few years ago. 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!! With inventory still lower than demand, many home buyer's are running into either multiple offer situations, or in some cases are not even able to get a showing before the home is sold!! Don't wait, check out these homes and request a showing before they're gone!!

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.

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, Oak Creek Condo'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, or 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, Leeann Chin, and Starbuck's!!, easy access to local grocery stores, Cub Foods, Caribou Coffee, Chinese Restaurant, and a few Fast Food locations, Wells Fargo, and Target are just around the corner. All the conveniences and a little smaller community 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 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 Preparatory 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:

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!

Champlin Real Estate News Update Dec. 21st-27th, 2015