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Minnesota State Wire

Thursday, November 7, 2024

Deephaven home prices fall in the second quarter of 2020

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The median sale price of a home sold in the second quarter of 2020 in Deephaven fell by $15,737 while total sales decreased by 57.7%, according to BlockShopper.com.

From April through June of 2020, there were 11 homes sold, with a median sale price of $545,000 - a 2.8% decrease over the $560,737 median sale price for the same period of the previous year. There were 26 homes sold in Deephaven in the second quarter of 2019.

The median sales tax in Deephaven for the most recent year with available data, 2019, was $7,392, approximately 1.4% of the median home sale price for the second quarter of 2020.

The following table compares Deephaven to other Hennepin County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Woodland27-71.4%$900,000$1,050,000-14.3%
Greenwood25-60%$872,500$900,000-3.1%
Excelsior712-41.7%$812,500$390,000108.3%
Medina2135-40%$555,000$580,000-4.3%
Orono2260-63.3%$547,500$665,000-17.7%
Deephaven1126-57.7%$545,000$560,737.25-2.8%
Edina134234-42.7%$540,500$548,950-1.5%
Spring Park220%$512,000$724,625-29.3%
Tonka Bay27-71.4%$504,000$1,060,000-52.5%
Minnetrista2850-44%$473,533.50$409,999.5015.5%
Shorewood2840-30%$450,000$550,000-18.2%

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