Brian Scates | Thursday, May 28, 2015

First, both the number of listings and sales are trending down nearing a clip of -27% for April alone comparing from 2014 results. Year to date statistics show a better 10% decrease in new listings for Wayzata, MN properties and a significant -43.5% slide in home sales.

Secondly, our year to date median sales price (MSP) and average sale price (ASP) is down 39% MSP and 7% ASP from 2014. However, in the month of April 2015 we experienced a drop in both the MSP and ASP above 60%. This is easily explained by the wide range of value of homes in the Wayzata area that can significantly affect the results from month to month and year to year comparisons.

Days on market has dropped positively around 5% clip from 2014 year to date statistics and almost 40% for the month of April from 2014 to 2015.

I live in and own a real estate brokerage in the Plymouth, MN community and Wayzata School district. I offer both home owners and home buyers personable, and strategic real estate solutions that will save you some money through the real estate sale or purchase of your home. I bring a wealth of experience and knowledge to complete your real estate transaction at a value uncommon in this industry. Give me -- Brian Scates at 612-877-2100 a call, fill out a contact form so we can discuss your options.

Click on the link below to view the whole breakdown on the city of Plymouth for April 2015:


City of Wayzata, MN -27% -28.60% -65.90%
Change in New Listings Change in Closed Sales Change in Median Sale Price
2014 2015 plus / minus 2014 2015 plus / minus
New Listings 22 16 -27.30% 54 49 -9.30%
Closed Sales 7 5 -28.60% 23 13 -43.50%
Median Sales Price* $849,650 $290,000 -65.90% $595,000 $359,000 -39.70%
Average Sales Price* $371,164 $361,982 -63.90% $797,948 $743,269 -6.90%
Price Per Square Foot* $275 $147 -46.30% $258 $219 -0.20%
Percent of Original List Price Received* 87.30% 87.40% + 0.1% 89.80% 91.60% +2%
Days on Market Until Sale 249 148 -38.10% 149 141 -5.40%
Inventory of Homes for Sale 56 52 -7.90% na na na
Months Supply of Inventory 8.1 7.2 -11.10% na na na
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