Research over the last three years of single family residential home sales in Woodbury shows a positive sign for the luxury market. Homes with a price greater than $700,000 have nearly doubled since 2010! While homes sold between $500,000 and $699,000 have remained about the same with 38 sales in 2010 and 35 sales in [...]Read more »
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 [...]Read more »
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 [...]
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 [...]Read more »
It’s a great time to sell your home in Woodbury! Compared to last May inventory is down 40%, the average selling price is up nearly 4% while days on market for a home in Woodbury has gone down 16% to 120 days. I believe this is a spike in the market that won’t last. If [...]Read more »
A question I am frequently asked is how does this city compare to that one? That’s a pretty vague question and it really depends on what you are comparing and what’s important to you in the community you want to live in.
I always like to give buyers some housing data that will help them zero [...]
As a Certified Luxury Home Marketing Specialist I keep a close eye on the high-end home sales in different markets throughout the state and throughout the U.S. The Institute for Luxury Home Marketing released it’s national market report today and defined the average sales price for a luxury home in the Twin Cities to be [...]Read more »
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 [...]Read more »
Real estate is a hot topic right now and I have run into a lot of friends over the last several weeks that have asked some very common questions. I (like other real estate professionals) have some opinions about the housing market. You may not agree with me but here they are:
Q: What will the [...]
Is the worst behind us?
Fortunately the luxury market has sustained the recession better than any other segment of the real estate economy. However, I feel that the worst is yet to come – specifically in the second home market. My theory is that many second homeowners never should have been in the market. Most Americans [...]