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Minnesota State Wire

Wednesday, November 6, 2024

Deephaven home prices fall in July 2020

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The median sale price of a home sold in July 2020 in Deephaven fell by $127,500 while total sales decreased by 54.5%, according to BlockShopper.com.

In July 2020, there were five homes sold, with a median sale price of $671,000 - a 16% decrease over the $798,500 median sale price for the same period of the previous year. There were 11 homes sold in Deephaven in July 2019.

The median sales tax in Deephaven for the most recent year with available data, 2019, was $7,392, approximately 1.1% of the median home sale price for July 2020.

The following table compares Deephaven to other Hennepin County cities with similar median sales prices in July 2020:

CityJuly 2020 Home SalesJuly 2019 Home Sales% change (Total Home Sales)July 2020 Median Sales PriceJuly 2019 Median Sales Price% change (Median Sales Price)
Tonka Bay10-$2,235,000$0-
Excelsior13-66.7%$1,150,000$333,000245.3%
Wayzata35-40%$825,000$1,150,000-28.3%
Deephaven511-54.5%$671,000$798,500-16%
Medina515-66.7%$600,000$645,000-7%
Independence46-33.3%$564,950$434,514.5330%
Edina4682-43.9%$542,500$594,950-8.8%
Greenfield24-50%$480,750$206,875132.4%
Orono1319-31.6%$480,000$625,000-23.2%
Minnetrista1019-47.4%$440,825$368,00019.8%
Minnetonka4392-53.3%$431,000$410,0005.1%

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