woodbury luxury homes: Woodbury, MN Housing Market Update - 09/10/15 02:41 AM
There is some terrific news that has come out of the housing market in 2015!
 
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 luxury homes: Wade Hanson Launches Luxury Real Estate Book - 01/13/15 12:47 AM
Realtors share the inside scoop on buying and selling high-end real estate
 
Woodbury, Minn. (Jan. 21, 2015) – Wade Hanson of RE/MAX Results has collaborated with 18 other top producing real estate agents across the country on a new book titled, Luxury Home Selling Mastery, which details the ins and outs of selling million dollar homes. The 214-page book, set to launch today, is currently available on Amazon.com and has a five star rating.
           
The book speaks to consumers and real estate professionals alike with unique perspectives from high-end agents about the upper bracket market. Hanson’s chapter … (1 comments)

woodbury luxury homes: Woodbury, MN Neighborhood Statistics 2014 - 01/07/15 01:32 AM
2014 was an interesting year in Woodbury.  The amount of new construction homes proved to be a challenge for traditional sellers to compete with and although sales were down 30% in 2014, the average sale price was up 7%.  This means buyers were willing to pay more for good, quality homes and they were willing to patiently wait for the right home to hit the market.  In some cases, buyers put off their home search in November and December and they are now watching the spring inventory very closely.
When it comes to the number of homes sold in 2014, Stonemill Farms lead the … (0 comments)

woodbury luxury homes: 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 luxury homes: What's Wrong With Woodbury's Housing Market? - 06/20/14 12:12 AM
A year ago homes were selling faster than we could put a sign in the yard.  The combination of interest rates near 3.5% and record low inventory made for an extremely active housing market in Woodbury.  Homes increased in value nearly 13% last year and home sales were up over 25% compared to the year prior.     Fast forward 12 months later and sales are down nearly 17% and home values are up only 3.5% in Woodbury.  Compare that to the rest of the Twin Cities where sales are only down 11.4% and home values are up over 8%.    … (0 comments)

woodbury luxury homes: 5 Things That Turn Off Luxury Homebuyers - 05/14/14 01:21 AM
Luxury homebuyers are demanding and have certain expectations that have to be met.  If you want to make the best first impression and appeal to even the most critical of luxury homebuyers, follow these five simple steps.
 
1.     Overpricing
Luxury homebuyers are capable of buying high-end homes because they are savvy investors.  These buyers are not about to consider making a bad investment and buying a home that is overpriced.  Overpricing says to a buyer that the seller has unrealistic expectations and they won’t even bother making an offer or even looking at an overpriced home.  You need to find … (2 comments)

woodbury luxury homes: 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 luxury homes: Woodbury's Neighborhood Stats and 6 Year Housing History - 12/10/13 12:20 AM

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woodbury luxury homes: Woodbury Neighborhood Statistics 2012 vs 2013 - 12/05/13 02:28 AM
How does 2013 compare to 2012 and what neighborhoods have seen the most activity?
Stonemill Farms outperformed all other neighborhoods when it comes to the number of homes sold.  This is mostly due to the number of new construction homes that were sold in 2013.
While Stonemill experienced solid appreciation in 2013, Wedgewood continues to see the greatest appreciation year over year.
  
 
DOM = Days on Market until closing
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woodbury luxury homes: What Will The New Year Bring To Woodbury's Housing Market? - 11/20/13 03:13 AM
Home prices in Woodbury will rise in 2014 but at a slower, more steady pace compared to 2013.
In 2013, a sense of urgency drove traditional buyers hoping to take advantage of still-affordable home prices and historically low mortgage rates. Buyers found selection limited and were often forced into bidding wars with investors and other buyers who paid cash. Sellers reaped the rewards in terms of quick sales, often above the asking price.
As home prices continue to rise in Woodbury, more owners who had been underwater — meaning that they owed more on their mortgage than their home was worth … (1 comments)

woodbury luxury homes: 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 luxury homes: Wedgewood Housing Statistics - 10/17/13 12:13 AM
The Wedgewood area continues to be one of the most high demand areas for luxury buyers in Woodbury.  The amenities such as walking trails, parks, golf course, tennis courts and one of Woodbury’s favorite dining establishments – David’s Chophouse makes Wedgewood a unique neighborhood.
Currently there are only 10 active listings in the Wedgewood area (including Wedgewood Valley, Wedgewood Heights and Wedgewood Park).  The average asking price is $593,000 for a 4 bedroom, 4 bath, 4,000 square foot home.
When looking at the sales over the last 12 months there have been 53 home sales with an average sale price of … (0 comments)

woodbury luxury homes: Luxury Woodbury Home For Sale - 08/11/13 12:04 AM

Exceptional quality and craftsmanship can be found in this former model home.  Enjoy over 4,900 finished square feet of comfortable living space in this lovely two story home located in the beautiful executive community of Ashwood.
The main floor offers a large office featuring a cherry wood coffered ceiling, a large formal dining with cherry built-in wine bar, a gourmet kitchen with hearth room and a large family room accented with a stone fireplace, built in media shelving, large windows and 12 foot ceilings.
The upper level features a large owners suite with heated tile floors in the bath, large … (0 comments)

woodbury luxury homes: 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 luxury homes: Woodbury, MN Housing Market April 2013 - 05/21/13 02:40 AM
Wow, what a difference 24 months makes!  When comparing 2011 to 2013, the buyers have flooded Woodbury’s Housing Market and completely flipped the market from a buyers market to a sellers market.
 
In April of 2011 there were 530 homes on the market, as of today there are only 288.  That’s a 50% decrease in inventory!  In April of 2011 homes took an average of 173 days to sell and were selling for 90% of original list price.  In April of 2013, homes sold in less than 65 days and sellers were able to get 97% of original list price. … (0 comments)

woodbury luxury homes: Twin Cities Housing Market Statistics - 04/11/13 03:11 AM
Although the weather isn’t heating up in the Twin Cities, the housing market certainly is!  So what's fueling the ongoing market recovery? First, tightened inventory levels combined with strong demand are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery. Locally, new Listings in the Twin Cities region decreased 5%, pending sales were up 6.6% and inventory levels shrank 31%. Prices also moved higher. The Median Sales Price increased 17.4% to $176,000. Days on market was down 24% to 109 days. Absorption … (0 comments)

woodbury luxury homes: Woodbury Luxury Home Sales Are Improving! - 03/05/13 02:52 AM

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woodbury luxury homes: Minnesota's Certified Luxury Homes Marketing Specialist - 03/05/13 01:39 AM
Wade is a member of the prestigious Institute for Luxury Home Marketing and has 14 years of experience in the top 10% of the market.
Recognized as the mark of accomplishment in luxury markets around the world and the official luxury designation of many national and international brands, the Certified Luxury Home Marketing Specialist® (CLHMS) designation assures affluent buyers and sellers that the agents who have earned it have the knowledge, experience, competence, and confidence they require.
Agents who hold the CLHMS designation are Members of The Institute who have completed required training and have successfully demonstrated their expertise in the … (0 comments)

woodbury luxury homes: How Do Home Sellers Compete With New Construction? - 02/27/13 01:02 AM
The Woodbury new construction market is HOT right now.  Sellers are losing buyers to the “shiny new product” on the market.  So how do you compete?
First, you can compete with the price. New construction typically is much higher in price per square foot. Price your home at fair market value and don’t think you need to allow room to negotiate.  A home priced right in today’s market should sell for about 98% of list price or better and should have an accepted offer within 60 days.
Second, make sure your light fixtures and bathroom fixtures are up to date.  Brass … (0 comments)

woodbury luxury homes: Woodbury, MN Housing Statistics 2012 - 01/02/13 04:55 AM
According to the media, the housing market is back right?  Not so fast, while 2012 was a tremendous improvement from previous years we have a long way to go before we can call the housing market “stable” again.  Maybe the best news is inventory is currently down 30% and the current months supply of inventory is less than four months compared to nearly six months a year ago.
Here are some positive signs and my thoughts:
Median Sales Price 2012 = $240,000
Median Sales Price in 2011  = $219,700
Up 10%
Does this mean my house is worth 10% more than … (0 comments)

 
Wade Hanson, Luxury Broker (RE/MAX Results)

Wade Hanson

Luxury Broker

Woodbury, MN

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RE/MAX Results

Address: 604 Bielenberg Drive, Woodbury, MN, 55125

Mobile: (651) 274-8584

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