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Waconia Real Estate Market Trends – Minnesota

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Waconia Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > Minnesota Real Estate Market > Waconia Real Estate Market

Winter 2012 Market Update Buyers have a tremendous opportunity in todays real estate market! The housing Affordability Index is giving buyers tremendous buying power that we haven’t seen in many years!
Average Home Price	$225,000 - View Graph Trend

Average Price Compared to Last Year	Down 10-15%

Average Time on Market	90-120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$500,000 - $549,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Waconia is	Increasing

Seller Activity for the past 90 days in Waconia is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	The majority of the multiple offers seem to be on the distressed properties.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	25-30%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	The Waconia area has a great financing produc known as Rural Development financing that allows for ’zero’ down payment from the buyer!

Housing Inventory	Good supply - Some Prices

Inventory Comments	Waconia like many other communities in the Twin Cities area continues to see more homes for sale than there are buyers for. This has created some very good opportunities for buyers, many choices and great interest rates!

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Minneapolis

Housing Hot Spots	Waconia, Victoria, Chaska St. Boni and Cologne

Average Sold Price	$225,000 - View Graph Trend

Waconia Local News

News for Waconia, MN - March 13th, 2011 11:37am
Here's the latest real esate info for the Waconia area! As of 3/13/11 NEW Listings are down approximately 34% compared to this same time last year. We have seen 50 New listings come on the market this year compared to 76 at this time last year. So far Year To Date there have been approximately 20 closed transactions in Waconia. This number is sure to change quickly in the coming months, along with inventory levels, as sellers are busy preparing their homes for sale! Distressed sales continue to account for about 35% of the sales and listings. Visit www.JeffSchulzTeam.com to see ALL the listings in Waconia!

News for Waconia, MN - March 13th, 2011 11:36am
Here's the latest real esate info for the Waconia area! As of 3/13/11 NEW Listings are down approximately 34% compared to this same time last year. We have seen 50 New listings come on the market this year compared to 76 at this time last year. So far Year To Date there have been approximately 20 closed transactions in Waconia. This number is sure to change quickly in the coming months, along with inventory levels, as sellers are busy preparing their homes for sale! Distressed sales continue to account for about 35% of the sales and listings.

Waconia MN Housing Market update - December 14th, 2010 8:57am
As of 12/14/10 the Waconia Real Estate Market has 99 Active homes for sale, this is the least amount year to date. In the month of November 2010 there were 13 New listings, compared to 20 last year in November. So far in 2010 Waconia has seen 159 Homes sold, compared to 154 in 2009 through November, that's a 3% increase. The average sale price actually increased slightly compared to last year, $212,000 compared to $200,000 in 2009 through the month of November. Inventory levels should continue to stay at lower levels until after the 1st of the year.

News for Waconia, MN - June 16th, 2010 7:26pm
Mortgage rates are still at a historical low. Freddie Mac released results of its Primary Mortgage Market Survey a few days ago and found the 30-year fixed-rate mortgage averaged 4.72 percent and the 15-year fixed-rate mortgage averaged 4.17 percent. The 15 year rate has not been any lower than this since Freddie started tracking them in 1991.

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Blog Archives

June 2010 (1)

December 2010 (1)

Mortgage Rates

– Feb 11th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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