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 Neighborhood Stats 2014

Wade Blog, Buyers, Market Data, Sellers

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 …

What’s Happening With Woodbury’s Luxury Home Market?

Wade Blog, Featured, Sellers

There are currently only five pending home sales in Woodbury over $600,000 and they are all new construction!  So far in 2014 only 23 homes have sold over $600,000 and half of them were new construction.  This means roughly one existing home per month sells in Woodbury over $600,000.  There are currently 19 homes for sale (not including new construction) …

Preparing Your Home To Sell

Wade Blog, Home Improvement, Sellers

Woodbury’s housing market is experiencing extremely low inventory, demand is soaring and sellers may think that their home will move in mere minutes and at an inflated price. These dreams of big prices and warp speed sales can end up becoming a major disappointment for sellers if you aren’t willing to follow a few simple steps prior to putting your …

Woodbury Neighborhood Statistics 2013 Compared to 2012

Wade Blog, Buyers, Sellers

How does 2013 compare to 2012 and what neighborhoods have seen the most activity? Stonemill Farms outperformed all other neighborhoods when it comes to the number of homes sold.  This is mostly due to the number of new construction homes that were sold in 2013. While Stonemill experienced solid appreciation in 2013, Wedgewood continues to see the greatest appreciation year …

Should I List My Home For Sale During The Holidays?

Wade Blog, Sellers

With the holidays approaching, sellers often wonder if they should keep their properties on the market or take them off. Or if they haven’t listed their homes yet, should they wait until after the first of the year? Maybe hold off until spring? There tends to be less inventory around the holidays, so in my opinion it’s a good time …

What Happened to Woodbury’s Luxury Market in 2013?

Wade Blog, Buyers, Market Data, Sellers

The average housing market is up dramatically in Woodbury compared to 2012 however; the luxury market has remained about the same year over year.  In 2013 we experienced a solid number of homeowners taking advantage of low interest rates and the buyer demand for the home they would need to sell to move up to their dream home. Here are …

Do You Show Your Own Luxury Listings?

Wade Blog, Featured, Sellers

The answer is YES!  While average agents like to leave things to chance, I prefer to be present at all showings for my luxury listings to make sure no stone is unturned. Here’s a few reasons why: Aside from the seller, nobody knows the property better than me.  Sellers take the time to show me the ins and outs 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 …