2017 Real Estate Market Update

Wade Blog, Market Data 0 Comments

Well, if you’ve been waiting the last few years for the best time to buy a home – you’ve already missed it!  And I’m willing to bet that if you are looking for the best time to sell, you will look back a year from now wishing you hadn’t waited. There are two components that affect a monthly mortgage payment …

Woodbury Housing Statistics Last 5 Years

Wade Blog, Buyers, Featured, Market Data, Sellers

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 …

Woodbury Housing Statistics for October 2013

Wade Blog, Buyers, Market Data, Sellers

The numbers are in for October and the Woodbury housing market continues to show signs of improvement.  Here are some key indicators: Closed sales up 35% over 2012 Pending sales up 7% over 2012 The average sales price is up 2% from 2012 The inventory of homes for sale is down 11% from 2012 Homes that sold in October were …

Stonemill Farms Woodbury, MN

Wade Blog, Buyers, Market Data, Sellers

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, …

Woodbury Housing Market Update

Wade Blog, Buyers, Featured, Market Data, Sellers 0 Comments

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 …

Woodbury, MN Homes For Sale

Wade Blog, Buyers, Market Data, Sellers

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 you are thinking selling your …

Real Estate Questions Answered

Wade Blog, Buyers, Market Data, Sellers 0 Comments

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 2011 housing market look …

Luxury Lake Home Buyers and Sellers 2011 Forecast

Wade Blog, Buyers, Market Data, Sellers 0 Comments

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 that purchased a second …