2012 Real Estate Statistics – Interlachen Woods
Exciting news in for homeowners in the Interlachen Woods neighborhood of Woodbury! The housing market in Woodbury appears to have finally stabilized. After several years of luxury homes around the country languishing on the market for long periods of time, homes in Interlachen Woods are proving to be in high demand.
The latest numbers from the Minneapolis Area Association of Realtors are showing the months’ supply of homes in Interlachen Woods dropped 39% in 2012, to a remarkable 3 months’ worth of inventory. Markets with less than a 5 moths’ supply are considered to be a sellers’ market. With so few homes on the market in this high demand neighborhood, this has translated to an increase of 13.8% in median sales price (see graphs.)
2012 Months' Supply - Interlachen Woods 2012 Median Sales Price - Interlachen Woods
Woodbury luxury home experts, John and Becky Durham, expect 2013 to be year of continued improvement. The sellers’ market situation in Interlachen Woods is sure to drive prices even higher as buyers compete for the best quality homes available. John and Becky are already seeing an increase in multiple offer situations. If you are contemplating selling your home, now may be the perfect time to put your home on the market. But the word is getting out. As activity begins to heat up this spring and homeowners start to figure all this out, inventory will increase. It may be wise to get a jump on your competition.
Buyers need to keep this in mind, as well. 2012 saw home prices increase as the year progressed. With interest rates remaining at historic lows and an economy showing signs of recovery, today is a great day to dive into the real estate market.
John and Becky Durham of Durham Executive Group are an award winning husband and wife real estate team. They specialize in the marketing and selling of luxury homes, but are experienced working with all types of clients in every price point. Your decision to sell your home is a very personal one, and the Durham Executive Group team will guide you through the process. John and Becky would be happy to meet with you to provide you with a free market analysis of your home and answer any questions you may have.
To learn more about what John and Becky will do to market your home, see the videos detailing their premier services at www.results.net/john.durham
John Durham - 651-231-2191 john@durhamexecutivegroup.com
Becky Durham - 651-231-2192 becky@durhamexecutivegroup.com
* Housing statistics and data provided by John and Becky Durham are from the Minneapolis Area Association of Realtors. Information is deemed reliable but not guaranteed.
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