From January through March of 2019, there were six homes sold, with a median sale price of $148,500 - a 16.8% decrease over the $178,400 median sale price for the same period of the previous year. There were five homes sold in New Germany in the first 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 2.2%.
The following table compares New Germany to other Carver County cities in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 24 | 28 | -14.3% | $426,000 | $447,500 | -4.8% |
| Chanhassen | 100 | 69 | 44.9% | $422,500 | $313,000 | 35% |
| Cologne | 4 | 11 | -63.6% | $291,000 | $235,000 | 23.8% |
| Waconia | 33 | 45 | -26.7% | $280,000 | $269,900 | 3.7% |
| Chaska | 57 | 63 | -9.5% | $275,000 | $220,000 | 25% |
| Carver | 15 | 17 | -11.8% | $265,000 | $313,000 | -15.3% |
| Mayer | 5 | 6 | -16.7% | $249,000 | $242,450 | 2.7% |
| Watertown | 10 | 10 | 0% | $200,500 | $205,250 | -2.3% |
| Norwood Young America | 13 | 12 | 8.3% | $199,000 | $179,950 | 10.6% |
| New Germany | 6 | 5 | 20% | $148,500 | $178,400 | -16.8% |
| Hamburg | 4 | 1 | 300% | $132,650 | $149,900 | -11.5% |
Alerts Sign-up