Home prices up 1.3 percent from last year

Year to date, Chaska has an average home sales price in of $279,176, ahead of last year by 1.3 percent. The Twin Cities region as a whole has seen a decline of 9.7 percent in price for the same time period comparison, according to a Minneapolis Area Association of Realtors press release.

So far in 2008, there have been 13 closed home sales in Chaska, behind last year by 25.2 percent. For the entire Twin Cities region there have been 3,978 closed sales, compared to 2,502 last year.

At the end of February, Chaska had 113 single-family detached units available on the market, with 66 townhouse or condominium units on the market as well.

Twin Cities inventory levels remain at record highs, with 29,842 units on the market at month end for the entire region, up 11.3 percent from this time last year, the release stated.