Champlin Real Estate - Market Report January 2019
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This is a monthly blog post geared towards letting Champlin, MN residents know what's happening in the current Real Estate market, right here in their own community.
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Housing Inventory Trends
For the month of January, Champlin has 18 new listings with a wide range of neighborhoods and home styles. Of the 18 homes listed in January, 6 of them are currently under contract, contingent on a successful inspection. 6 Champlin homes for sale have now moved to pending status. The 6 pending homes have an average price of $303,967 with 44 total days on the market. This is pretty typical for this time of year. As we inch closer to the Parade of Homes, more Champlin homes will be coming on the market.
11 Champlin homes sold and closed in the month of January. So yes, homes do sell in the winter!! Of the 11 Champlin homes sold in January, the average price was $256,255 with an average of 65 total days on the market.
If you're looking for the BEST time to sell your Champlin home, contact me directly, or schedule a 30 minute seller consultation. No obligation!
Champlin is currently in a more neutral buyer/seller's market, we still have a low level of inventory but we also have a low level of buyers which is keeping homes moving at a steady rate but not out of control like we have experienced in the Spring market.
What's Ahead for Champlin Seller's?
As we see more inventory entering the market around The Parade of Homes, the Champlin MN Real Estate market will start to gain momentum. I expect to have another successful Spring market again this year. On average my listings sold in 12 days or less last year with many of them selling in multiple offers AND over list price. In some cases more than $10,000 over the list price. With school boundaries changing and new projects like "hot dish" or Amazon coming to the area, more homeowners are re-considering where they would like to live. If this is you, give me a call to review your options. A move only makes sense if it makes sense to you! My seller consultations are FREE, no obligation but an opportunity for you to review your options so you can make the best-informed decision on your next journey!
Curious how this affects YOUR Champlin Home value?
When we see successful closing in Champlin we are creating comparables that will support your home's value. When we see multiple offers, low inventory and high demand we're creating supply and demand. Fortunately, Champlin is a high demand area with desirable homes, parks, trails, and resources. We have great Schools both private and public and we have lower taxes than our neighbors in Brooklyn Park and Maple Grove. The Elm Creek Park Reserve and community feel keep pulling new homeowner's in as well as most of my business here in Champlin is a move within the city.
Each time a home sells we are creating a new record of value for your neighborhood. Being a resident also of Champlin and a local Realtor it's important for me to have YOUR home sell for top dollar. When your home sells for top dollar everyone's values go up! That's why I have created a market system to sell your home faster and for MORE Money!
Thinking of selling Your Champlin Home?
Curious how these sales affect your home value? Check the recent home sales near you, or visit MyChamplinHomeValue.com to get a free home value estimate!!
What does this mean for Champlin Seller's?
The time is NOW if you're planning on selling your Champlin home. The market remains a seller's market! The low levels of inventory have brought about well-qualified buyer's to make offers on your Champlin home. If you're curious what you need to do to get your home ready to sell, or just want a quick home value, please let me know 612.807.4858, or you may visit MyChamplinHomeValue.com
What does this mean for Champlin buyers?
Plan ahead! Make sure you have an experienced Realtor® that knows how to make offers in a fast moving market! Be ready! Be preapproved! Do not wait to talk with a banker/lender till you find the home you love... because it will be too late! Homes are selling fast due to supply and demand. With qualified buyers and low levels of inventory, that means homes are selling in most cases above list price. Have a plan and be prepared. If you need help finding your next home, let me know! My team and I are prepared to think outside the box and try to get a home under contract soon for you! Need to get preapproved?! Start here on a safe and secure application! You can save THOUSANDS... by checking out the new ZERO Keller mortgage... what does the ZERO mean? That's where you save money!!! Keller Mortgage does not charge an origination fee (typically 1% of sale price), they also do not charge additional fees associated with the lender, PLUS... any property over $150,000 they will also contribute $1,000 toward 3rd party fees... what does this mean to you? Thousands of dollars in savings to your buyer closing costs!! How do you get this?!! Download my app, search homes, get answers fast, and apply for a mortgage (no obligation) fast through the app! http://app.kw.com/KW1T7QNIF
Why Do People Live in Champlin?
Champlin is snugly situated near the Mississippi River and offers a ton of fun for all! Champlin has more than a handful of parks which include Andrew's Park Splash Pad, and a Skate Park, a Lifetime Fitness, ice rink, newly renovated Champlin movie theater, and easy commuting access to Highway 169 and Highway 610 to help your morning commute. Plus 252 is a quick way into downtown Minneapolis (Search all Champlin Community has to offer).
Champlin also offers restaurants, grocery stores, and coffee shops with three small strip malls with ice cream shops, Chinese Restaurant, Fast Food locations, Wells Fargo and Target. 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 one of Champlin 55316’s great neighborhoods, it's likely that your kid(s) will attend one of these Anoka Hennepin School – 11, Schools ~ Oxbow Creek Elementary, serving grades K-5 (see all homes for sale near Oxbow Creek Elementary), Jackson Middle School, serving grades 6th-8th grade, (see all homes for sale near Jackson Middle School), Champlin Park High School services grades 9th-12th grade, (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 Schooldigger.com.
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 under $200,000 New Listings
Champlin Single Family Homes $300,000 to $400,000
Champlin Single Family Homes $400,000 to $500,000
Champlin Single Family Homes $500,000 to $600,000
Selling Your Champlin Home?
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 comprehensive marketing plan! We can strategize to get your home sold quickly and for top dollar!
Thank you for reading Heidi Herda Real Estate ~ Champlin Realtor & Residents, blog, "Champlin Real Estate - Market Report January 2019" Don't forget to like my Heidi Herda Champlin Real Estate Facebook Page or follow me on twitter @heidihomesearch
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