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 Luxury Home Sales

Wade Blog, Buyers, Market Data 0 Comments

Luxury home sales in Woodbury fell drastically in 2016 compared to 2015.  There were only 15 closed transactions in Woodbury over $700,000 in 2016 versus 30 closed sales the previous year.  Now more than ever you need to be working with a professional that has a proven track record in the upper-bracket!

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) …

What’s Unique About Luxury Home Buyers?

Wade Blog, Featured, Sellers

Luxury home buyers and sellers approach the process of buying and selling luxury real estate differently from other people.  That’s not just because the prices ranges they deal in usually have one or two extra zeroes; it’s also because of their mindset.  Here are a few of the characteristics I’ve discovered that have helped me succeed in luxury real estate: …

5 Things That Turn Off Luxury Homebuyers

Wade Blog, Buyers, Featured, Sellers

Luxury homebuyers are demanding and have certain expectations that have to be met.  If you want to make the best first impression and appeal to even the most critical of luxury homebuyers, follow these five simple steps. 1.  Overpricing Luxury homebuyers are capable of buying high-end homes because they are savvy investors.  These buyers are not about to consider making …

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 …