Champlin Real Estate Market Reaches High in Home Prices

In this week's report, the number of homes sold in the Champlin market dropped to 39 over the past 30 days, a decrease of 13.3% from last week's report, but still above the monthly average. The average selling price hit a milestone at $232,000, a three-month high. Despite the slip in sales, a relatively low two months of inventory indicates that Champlin is a definite seller's market.

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Demographic facts for Champlin:

  • The population growth rating is 54. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 439.1 physicians.
  • This area has a health cost index score of 106.2. (100 = national average)
  • Residents who travel to work by car account for 84.0% of all commuters, while carpools account for 6.9%, and public transit makes up 3.9%.

Data reported through 10/19/2016

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Coldwell Banker Burnet
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Edina Realty, Inc.
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