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: …

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 …

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 …

What Wealthy Buyers in Woodbury Want

Wade Blog, Buyers, Featured, Market Data 0 Comments

When searching for luxury homes in Woodbury wealthy home buyers rank open floor plans, smart technologies, and outdoor living space as top amenities in their home purchases.  Here are their top-ranked amenities: An open floor plan Fully automated/wired home system, which could encompass high-speed cable and integrated music systems, computerized lighting, and home monitoring systems Outdoor living space Large Kitchen …

Twin Cities Housing Market Satistics

Wade Blog 0 Comments

Although the weather isn’t heating up in the Twin Cities, the housing market certainly is! So what’s fueling the ongoing market recovery? First, tightened inventory levels combined with strong demand are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery. Locally, …

Luxury Home Sales Are Improving!

Wade Blog, Buyers, Featured, Market Data, Sellers

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 2012. If you are considering …

Luxury Home Market Q and A

Wade Blog, Buyers, Featured, Sellers

What is the starting price for a luxury home in your market? WH – Compared to the West Metro, I think the East Metro is a bit more affordable when it comes to “luxury”. I would consider a home priced over $500,000 to be high-end in this area. How would you describe the pulse of the luxury market? WH – …