Deephaven Home For Sale

With only about 3,000 residents in the Deephaven real estate market, this town located along the banks of Lake Minnetonka is ideal for buyers looking for a small town atmosphere. The majority of Deephaven residents are in the upper middle class range and the homes reflect that as well. The Cottagewood neighborhood is where my family lives and we love it because it is right next to the Deephaven Elementary School where our daughter goes.

Another great thing about the Cottagewood neighborhood is that it is right next to the Meadowwoods Golf Course. I can simple walk to the course to enjoy an afternoon on the links in the cool Minnesota breeze. It’s one of my favorite things to do in Deephaven and I’ve been able to knock a few strokes off my game since we moved here just a few years ago.

Deephaven Real Estate Info: Prices of Homes in Deephaven MN

The neighborhoods in the town of Deephaven are known for their lakefront property and suburban atmosphere. Many of the neighborhoods are priced in the upscale range because they sit alongside Lake Minnetonka. Cottagewood is one of the more popular and sought after Deephaven neighborhoods with its close proximity to Deephaven Elementary School and Meadowwoods Golf Course. You can also find great housing options along Lakeview Drive, Woodhaven Place and Linwood Road.

Because of the upper class lifestyle enjoyed in the Deephaven real estate market, few homes are available for less than $200,000. The price range typically begins in the mid $200,000 range and goes into the millions for customized homes with lakefront property and the latest features and amenities. Many of these homes were built prior to the 20th century and they have been completely renovated to fit the needs of today’s home buyer.

Deephaven Real Estate News: December Deephaven Home Sales

Deephaven new listings rose 66.7% mo/mo in December that something we are watching and concerned about, at the Deephaven Real Estate Group. Average median sales price in Deephaven was $289,000 in December that was lower month over month, it was down ($224,750) this month over last month. The 3 closed sales in December were lower year over year in Deephaven down -50%. Deephaven's days of inventory for sale dropped -3.2% m/m in December we would like to see continue with our Deephaven Real Estate Group. What is the months of supply of inventory for homes for sale in Deephaven? The latest reports of 6.6 months was reported in December, 2011 it was up 17.9% y/y. December, 2011 the average sales price of a home was $792,667 in Deephaven that was higher yr/yr it was up 41.8%. Several of us at the Deephaven-Real-Estate.Com were talking current market conditions for the month of December 2011, the data says homeowners are getting 94.1% from origional list price for their homes up from 93.9% last year. The average number of days declined for real estate has been on the market in December in Deephaven currently it is as a percentage it was down -67.4% to 46 days yr/yr.