Woodbury Real Estate Market Update - Zip Code 55125 Analysis

Real Estate Agent with Durham Executive Group - RE/MAX/Results

Woodbury Real Estate Market Update - Zip Code 55125 Analysis

Woodbury Real Estate Market Update - Zip Code 55125 Analysis

Woodbury’s housing market is taking a very interesting turn as we head into 2013. Becky and I are seeing numbers we haven't seen in years. The greatest concern right now is the lack of supply of homes on the market. Let’s take a look at the statistics for Zip Code 55125 in Woodbury:


Low Supply

The number of homes on the market has decreased by 44% in the past 2 years, creating a definite seller’s market. The hope for all homeowners is that this lack of supply will translate into price increases as we enter the spring real estate season. 


Prices are Rising

Take a look at the graph showing Average Sales Prices of homes in 55125. Broken down by property type, we can see that average home prices of single family homes have gone up nearly 12% in the past year, canceling out the price drops we saw in 2010. Townhomes saw similar gains in average price. Cautious home sellers should note that these results show consistent, gradual improvement over the course of the past year, which is what we want to see. What is most interesting is that we saw the greatest gains in the last quarter of the year, when the market typically slows down. 

Average Sale Prices for Homes in Woodbury's 55125


Homes are Selling Faster

What’s amazing is how fast homes are selling in the 55125 Zip Code (see graph below.) I can’t remember the last time I saw homes get snapped up so quickly. The average number of days on the market is at 94 days for single family homes. For townhomes, it’s 89 days. Under 90 days? INCREDIBLE! This is even faster than pre-recession levels.

Woodbury Real Estate Market Update - Zip Code 55125 Analysis


Given these numbers, it seems logical that home prices will continue to go up this spring as we head into the peak home buying season. For buyers, this means that with limited supply, you will need to act quickly. You’ll have limited choices and may have to compete with other buyers for the best homes. 


For sellers, if you have been sitting on the fence, now is the time to seriously consider listing your home. Buyers are out there, and with interest rates still at historical lows, they are ready to buy. Becky and I would be happy to provide you with a free market analysis of your home. Check out the videos detailing our premier real estate services at www.results.net/john.durham



John and Becky Durham are Eastern WI and Minnesota real estate agents with RE/MAX Results and Durham Executive Group.

John Durham - 651-231-2191 john@durhamexecutivegroup.com

Becky Durham - 651-231-2192 becky@durhamexecutivegroup.com 

Woodbury Real Estate Market Update - Zip Code 55125 Analysis   Woodbury Real Estate Market Update - Zip Code 55125 Analysis

* Housing statistics and data provided by John and Becky Durham are based on data available as of February 12, 2013. Data comes from the Regional Multiple Listing Service of Minnesota, Inc. Data deemed reliable but not guaranteed. Powered by 10K Research and Marketing.

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John and Becky are real estate agents with backgrounds and work experiences that set us apart from our competition. We are both educated with post graduate degrees and have worked in upper bracket professional management positions in both business and educational settings prior to real estate. We know how to work with all social and economic clientele - whether it's a first time buyer, or a multi-million dollar client. We put the emphasis on ‘EXECUTIVE LEVEL' service regardless of the size of the transaction.

Our mission statement embodies putting the client first. We recognize the importance of listening to, and fully understanding our clients' needs and concerns. Each of us brings a unique set of marketable skills with none more important than integrity and honesty. We give our word that there will never be a transaction we are involved with that is not handled with professionalism, honesty, and integrity. Additionally, we pride ourselves on our communication skills and the ability to market and negotiate our client's properties with superior results. In fact, our efforts were recently recognized with an award for our client marketing. This is a prestigious award only a few agents in the Twin Cities receive from the National Association of Realtors and Realtor.com.


John and Becky Durham

REMAX Results

604 Bielenberg Drive

Suite 100

Woodbury, MN  55125

Voice (651)231-2191

Fax (651)735-8246


http://www.durhamexecutivegroup.com/ (Search All Properties Currently for Sale in Twin Cities, Greater Minnesota, and Western Wisconsin via our MLS - Enabled Search Engine)

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Durham Executive Group


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