Evermoor continues to be one of Rosemount’s premier development’s so it’s time to do a 2011 home sales update in the place I call home. This former 500+ acre sheep farm is finally about to be completely filled with homes as Lennar is expected to finish the final open lots in the Glendalough neighborhood by the summer of 2012. You can read my 2010 home sales recap here.
Evermoor Development
Using my “fancy map” above you can see that Evermoor stretches from Diamond Path along the Apple Valley border on the west side almost to Highway 3 on the east end. The development is broken up into 13 sub developments which I outlined in my initial Evermoor blog story.
You can also find a drive through video I did showcasing the different neighborhoods on YouTube.
2011 Home Sales Recap
This year I decided to include both the 2010 and 2011 sales figures so it’s easier to spot trends. I have columns for total sales, traditional sellers, new homes, bank owned and short sales. Some of the major themes that emerge include -
- There were a total of 64 homes sold in Evermoor in 2011 which was an increase from the 58 sold in 2010.
- Lennar continues to sell new homes like crazy as they sold 28 new homes in the Glendalough development. This number was better than the total number of previously owned homes in the entire Evermoor Development for 2011
- There was a marked increase in the number of bank owned properties, although the bulk of them are in the lower end townhouse sub-development at Roundstone
- When you take out the new homes and lender mediated homes there were actually fewer homes sold by traditional sellers in 2011 than in the previous year
Prices Continued Downward
Overall, the Minneapolis Association of Realtors says that the Average Sales Price of homes sold in Rosemount have declined by 9.7% in the past 12 months. We can see that show up by looking at homes in the Cross Croft neighborhood. These are detached townhomes that are very similar to each other in style and size so it makes it easy to watch pricing trends.
Example 1:
13621 Crosscroft and 13570 Crossmoor are almost identical homes. The home on Crosscroft sold on 11/29/2010 for $260,000. The home on Crossmoor sold on 12/14/2011 for $229,000 which is actually almost a 12% decline.
Example 2:
3694 Crosscliffe & 13603 Crossglen are larger homes but very similar 2 level models with 3 bedrooms & 3 baths. The home on Crosscliffe sold on 2/19/2010 for $335,000 while the Crossglen home sold about 18 months later on 9/21/2011 for $295,000. That’s another 12% decline.
Active Listings
There are currently only 13 active listings available in the Evermoor development of Rosemount. 5 of those listings are new homes by Lennar and 4 of them are condo’s in the Bard’s Crossing sub-development. You can see them by using my Home Finder tool.
The number of listings in the Twin Cities is down all over and while it is expected this will increase rapidly once we approach spring the lack of listings is actually stabilizing prices right now.
Summary of Evermoor Development
Rosemount’s Evermoor Development continues to be one of the premier places to live in the south metro. One has to only look at how many new houses are still selling here to see it’s a place that people want to call home.
If you are looking to buy or sell in Evermoor choose a Realtor who lives here and knows it extremely well. Just contact me and we can get started.
Bill Wallace is a Realtor at RE/MAX Results in Apple Valley, MN with a focus on Dakota County and the Southern Twin Cities including – Apple Valley, Bloomington, Burnsville, Eagan, Farmington, Inver Grove Heights, Lakeville, Mendota Heights, Prior Lake, Richfield, Rosemount, Savage, Shakopee, South St. Paul and West St. Paul. He is licensed to practice real estate in both Minnesota and Wisconsin.
