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Champlin Real Estate & Homes Sold Nov. 2nd - Nov. 8th, 2015

Real Estate Agent with Remax Results

November 08, 2015 11:51 PM

Champlin Real Estate & Homes Sold Nov. 2nd - Nov. 8th, 2015

Courtesy of Heidi Herda ~ Herda Home Team ~ 612.807.4858

Thank you for coming back to take a look at what happened this weeek in Real Estate news for Champlin, MN. This past week was a little quieter than we have experienced since last winter. A slight slow in the real estate market is typical as we head into the Holiday season's.

5 Homes Hit The Market This week... Check out the list here...

8558 122nd Ave N, Champlin

13049 Union Terrace Lane N, Champlin

343 Sunrise Lane, Champlin

383 Nathan Lane N, Champlin

10639 Brookside Trail, Champlin

Thank you for visiting me, this is a weekly blog post geared to 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? We're entering an awkward time of the market where the home's currently listed have a few days extra of market time, but since the interest rates remain steady and low it's a perfect time to buy or sell. As inventory and demand slow a little we may be shifting towards a buyer's market. As we approach Spring of 2016 the market will shift again back to a seller's market... I expect Spring to be HUGE for Champlin Real estate!

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.

Curious what your Champlin Home is Worth?

1 home sold and closed this week 11808 Mississippi Dr N, Champlin which is located within the Riverview Estates neighborhood. This river front home sold for $499,900 with just 29 days on the market.

We currently have 22 pending propeties in Champlin with an average price of $222,836 with just 49 days on the market and $120.28 per square foot.

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?

The median list price for Champlin is $225,870. The average market time is 42 days!! There are currently 72 active properties, of them 12.5% would be considered distressed, either in a foreclosure status or a short sale, this is a drop from what we have seen in the last few months.

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.

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) increased by 2.9% from the previous month. The median number of days active properties have been listed is 42. This is significantly shorter than the national average. The number of sales in September dropped by 84% from the previous month.

Champlin Single Family Homes Listings Search

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, 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 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:

To date, we have a great number of traditional sellers entering into the Champlin Real Estate market. The low percentage of foreclosed and short sale properties means the low selling price, will 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!

Champlin Real Estate & Homes Sold Nov. 2nd - Nov. 8th, 2015