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South Hennepin News

Wednesday, November 6, 2024

Deephaven home prices fall in the fourth quarter of 2019

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The median sale price of a home sold in the fourth quarter of 2019 in Deephaven fell by $392,500 while total sales decreased by 19.2%, according to BlockShopper.com.

From October through December of 2019, there were 21 homes sold, with a median sale price of $675,000 - a 36.8% decrease over the $1,067,500 median sale price for the same period of the previous year. There were 26 homes sold in Deephaven in the fourth quarter of 2018.

The median sales tax in Deephaven for the most recent year with available data, 2015, was $6,385, approximately 0.9% of the median home sale price for the fourth quarter of 2019.

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

CityOct. - Dec. 2019 Home SalesOct. - Dec. 2018 Home Sales% change (Total Home Sales)Oct. - Dec. 2019 Median Sales PriceOct. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Woodland16-83.3%$2,600,000$879,750195.5%
Minnetonka Beach46-33.3%$967,500$1,329,500-27.2%
Orono3342-21.4%$829,000$723,75014.5%
Deephaven2126-19.2%$675,000$1,067,500-36.8%
Medicine Lake21100%$661,500$162,000308.3%
Shorewood2937-21.6%$606,000$439,90037.8%
Wayzata222010%$600,000$745,000-19.5%
Edina145172-15.7%$565,000$520,6308.5%
Excelsior69-33.3%$550,000$480,00014.6%
Medina2733-18.2%$501,000$615,000-18.5%
Independence1118-38.9%$487,000$457,0006.6%

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