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South Hennepin News

Wednesday, November 6, 2024

Deephaven home prices fall in 2019

Re 12

The median sale price of a home sold in 2019 in Deephaven fell by $19,500 while total sales increased by 5%, according to BlockShopper.com.

From January through December of 2019, there were 84 homes sold, with a median sale price of $655,500 - a 2.9% decrease over the $675,000 median sale price for the previous year. There were 80 homes sold in Deephaven in 2018.

The median sales tax in Deephaven for the most recent year with available data, 2015, was $6,385, approximately 1% of the median home sale price for 2019.

The following table compares Deephaven to other Hennepin County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Minnetonka Beach1121-47.6%$1,610,000$1,208,50033.2%
Woodland1213-7.7%$1,075,000$1,300,000-17.3%
Greenwood1121-47.6%$960,000$1,020,000-5.9%
Medicine Lake7475%$875,000$273,500219.9%
Orono178211-15.6%$697,000$670,0004%
Deephaven84805%$655,500$675,000-2.9%
Tonka Bay2230-26.7%$635,000$675,000-5.9%
Wayzata7791-15.4%$607,000$720,000-15.7%
Medina122149-18.1%$591,151.50$650,000-9.1%
Spring Park161323.1%$572,450$300,00090.8%
Edina733804-8.8%$555,000$520,0006.7%

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