From October through December of 2019, there were two homes sold, with a median sale price of $405,000 - a 128.2% increase over the $177,500 median sale price for the same period of the previous year. There were five homes sold in New Germany in the fourth quarter of 2018.
The median sales tax in New Germany for 2019 was $3,234. In 2018, the median sales tax was $2,706. This marks an increase of 19.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.8%.
The following table compares New Germany to other Carver County cities in the fourth quarter of 2019:
| City | Oct. - Dec. 2019 Home Sales | Oct. - Dec. 2018 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2019 Median Sales Price | Oct. - Dec. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 30 | 31 | -3.2% | $418,500 | $385,000 | 8.7% |
| New Germany | 2 | 5 | -60% | $405,000 | $177,500 | 128.2% |
| Chanhassen | 89 | 109 | -18.3% | $352,000 | $395,000 | -10.9% |
| Carver | 19 | 24 | -20.8% | $336,500 | $290,250 | 15.9% |
| Waconia | 39 | 68 | -42.6% | $295,000 | $252,367.50 | 16.9% |
| Cologne | 13 | 14 | -7.1% | $288,000 | $269,950 | 6.7% |
| Chaska | 79 | 99 | -20.2% | $284,500 | $252,350 | 12.7% |
| Watertown | 15 | 37 | -59.5% | $266,500 | $260,000 | 2.5% |
| Mayer | 7 | 12 | -41.7% | $255,000 | $267,500 | -4.7% |
| Norwood Young America | 13 | 19 | -31.6% | $219,900 | $199,000 | 10.5% |
| Hamburg | 3 | 3 | 0% | $157,500 | $154,999 | 1.6% |
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