Woodbury closed sales are up 21%! There is currently only a 3 months supply of inventory of homes on the market. Overall in the Twin Cities closed sales are up 17% with a 4 months supply of inventory currently on the market. Woodbury’s average sale price is $305,000 compared to the overall Twin Cities average sale price of $261,000.
Maybe the best news for homeowners is that buyers are buying previously owned homes again!
Take a look at these stats:
Woodbury 2015 = 982 closed sales YTD - 40 were new … (0 comments)
woodbury: 2014 Woodbury Home Sales Year in Review
- 12/09/14 01:00 AM
Home sales in Woodbury didn’t reach the levels everyone expected this year. As more and more homeowners gained the necessary equity in their homes needed to sell for a profit, inventory went up over 30%. This combined with the flood of new housing inventory to compete with and the overall buyer activity down over 6%, created a drastic slowdown in home sales. The good news is it’s a great time to buy! High inventory and record low interest rates have combined for one of the best buyers markets we have seen in over five years. What … (0 comments)
woodbury: Preparing Your Home To Sell
- 01/29/14 12:01 AM
Woodbury’s housing market is experiencing extremely low inventory, demand is soaring and sellers may think that their home will move in mere minutes and at an inflated price. These dreams of big prices and warp speed sales can end up becoming a major disappointment for sellers if you aren’t willing to follow a few simple steps prior to putting your home up for sale. Here are 3 simple steps every seller should take before your home hits the market. 1. Staging matters–big time! “Homes that don’t show well don’t close well.” But still, time and time again we see sellers become stubborn … (0 comments)
woodbury: Woodbury, MN Housing Statistics Last 5 Years
- 11/18/13 02:12 AM
If you were waiting for the Woodbury housing market to "hit bottom", you've waited too long. The housing market has officially reached (and exceeded) pre-recession numbers in Woodbury and while next year will not explode like 2013 did, I do expect 2014 to remain strong. Here are the numbers: 2008 = 936 homes sold, 78 days on market, average price of $290,503 2009 = 989 homes sold, 70 days on market, average price of $252,393 2010 = 855 homes sold, 76 days on market, average price of $257,944 2011 = 964 homes sold, 83 days on market, average price of $236,283 2012 = 1086 homes sold, 70 days on … (0 comments)
woodbury: What Wealthy Buyers in Woodbury Want
- 10/01/13 05:54 AM
When searching for luxury homes in Woodbury wealthy home buyers rank open floor plans, smart technologies, and outdoor living space as top amenities in their home purchases. Here are their top-ranked amenities: An open floor plan Fully automated/wired home system, which could encompass high-speed cable and integrated music systems, computerized lighting, and home monitoring systems Outdoor living space Large Kitchen with high end appliances Neighborhood Home theater Pool Lot location It's not necessarily the amount of square footage in a home that matters but use of the space and quality of the finishes that counts.
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woodbury: Wedgewood Luxury Home
- 08/10/13 11:52 PM
Situated on a lovely lot with commanding views of Prestwick Golf Course this distinctive, elegant, soft contemporary 5,700 sq. ft. home is impressive! Located in the highly desirable community of Wedgewood, this single—owner home is in impeccable condition. A dramatic 21 foot vaulted main entrance welcomes you to this custom 5 bedroom, 6 bathroom masterpiece. The gourmet kitchen features cherry cabinets, Blue Pearl granite counters and a glass tile back splash. The recently completed walk-out lower level offers a spectacular entertainment area with a full bar finished in exotic African Cherry wood. A custom acoustical home theater with 86” screen and … (0 comments)
woodbury: Woodbury Luxury Home Sales
- 09/05/12 04:35 AM
The media has reported that the housing market is rebounding, right? Activity is up, sales are up, inventory is shrinking and prices are on the rise. Not so fast! As a Broker that focuses on the luxury home market I can tell you we have a ways to go. While closed sales overall are up about 10% over last year in Woodbury, home sales with a sales price of $369,000 or higher are only up 1.2% and the inventory of these higher priced homes is only down about 18% compared to the market average inventory that is down a total of … (0 comments)
woodbury: Woodbury, MN Home Sales
- 06/14/11 05:04 AM
Every time you turn on the television or open a newspaper it's doom and gloom in the national real estate market. But it's what's happening in your local market that really matters. A year ago we were flooded with false expectations of a recovery due to the $8,000 first time home buyer tax credit. Now with close to 12 months of activity without any incentives, here's what the numbers look like in Woodbury: The median sales price in Woodbury over the last 12 months is actually up 1.5% from $231,488 to $235,000. Of course, the number of closed sales is down 22.7% due to the … (0 comments)
woodbury: If Banks and Sellers Only Knew How Bad Some Realtors Really Are!
- 09/27/10 12:20 PM
Today I am reminded of how bad some agents are. I am working with a buyer that was interested in making an offer on a $750,000 short sale. The property had an offer on it from another buyer but nothing had been agreed upon by the bank and the buyer. When talking to the agent to schedule the showing she said that several other buyers were also interested in making an offer but we would have to wait a few days to see the property (no explanation why). I was to finally show the home today and found out that she had successfully negotiated the sale … (4 comments)
There is some terrific news that has come out of the housing market in 2015!
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