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 realtor: 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 realtor: 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 realtor: 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 realtor: 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 realtor: 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 realtor: Stonemill Farms in Woodbury, MN
- 01/29/13 04:09 AM
The Stonemill Farms community in Woodbury has everything you could look for in a home and a family friendly neighborhood. Not just homes, but a real hometown with award-winning schools, pools, parks, trails and shopping, all making it the perfect place to raise a family. Stonemill Farms is built on 700 acres with an abundance of trails to connecting neighborhoods, open spaces and the community center area. With it’s custom home styles, award winning builders, sate of the art community center; Stonemill Farms has everything your family could imagine in a top-notch neighborhood to call home.
The Community Center at Stonemill … (0 comments)
woodbury realtor: 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)
woodbury realtor: Don't Wait To Sell!
- 10/11/12 12:55 AM
Many people assume that most housing sales occur during the spring and summer months, but that’s not the case. In fact, according data from the National Association of Realtors, dating back to 2000, the winter and fall months are the months with the most home sales. Spring and summer may seem like the best time of year to catch buyers as this is when we typically see the most buyer activity. However, I think there is something to be said about being on the market when there is less competition. Inventory is down right now due to the recent spike in … (0 comments)
woodbury realtor: 3 Key Factors When Selling Your Home
- 09/07/12 12:18 AM
1. Price Accurately pricing your home is more important now than ever before. Gone are the days of “let’s try it at this price and see what happens”. If your home is not accurately priced when it first hits the market it will be overlooked by agents and buyers. With the large inventory of new listings, buyers and agents simply will not waste their time looking at a home with an unrealistic seller. If you think you can just drop the price in 60 days if it doesn’t sell and still get top-dollar for your home, your wrong. Your home … (0 comments)
woodbury realtor: 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)
There is some terrific news that has come out of the housing market in 2015!
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