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Minnesota State Wire

Wednesday, November 6, 2024

Deephaven home prices fall in the third quarter of 2019

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The median sale price of a home sold in the third quarter of 2019 in Deephaven fell by $202,500 while total sales increased by 33.3%, according to BlockShopper.com.

From July through September of 2019, there were 28 homes sold, with a median sale price of $672,500 - a 23.1% decrease over the $875,000 median sale price for the same period of the previous year. There were 21 homes sold in Deephaven in the third 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 third quarter of 2019.

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

CityJuly - Sept. 2019 Home SalesJuly - Sept. 2018 Home Sales% change (Total Home Sales)July - Sept. 2019 Median Sales PriceJuly - Sept. 2018 Median Sales Price% change (Median Sales Price)
Woodland4333.3%$1,137,500$1,407,000-19.2%
Greenwood5425%$1,070,000$2,073,000-48.4%
Wayzata1625-36%$992,500$732,10035.6%
Medicine Lake110%$935,000$138,000577.5%
Tonka Bay68-25%$739,000$871,000-15.2%
Deephaven282133.3%$672,500$875,000-23.1%
Spring Park7616.7%$668,000$335,75099%
Orono5966-10.6%$666,000$577,45015.3%
Medina38365.6%$618,652.50$624,722-1%
Excelsior9650%$600,000$475,00026.3%
Edina232236-1.7%$587,450$562,8524.4%

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