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 …

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 …

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 …

Marketing Luxury Properties

Wade Blog, Featured, Sellers

Marketing luxury properties is all about identifying the key characteristics that make a home unique, finding the home’s story, and telling that story to the right prospects. Most agents take the cookie-cutter mass marketing approach with a luxury property.  This is very ineffective and a waste of time and money. Targeted lifestyle marketing helps to sell the home more quickly …

Woodbury Luxury Home Sales

Wade Blog, Buyers, Market Data

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 about 10% over last year …

How Do Home Sellers Compete With New Construction?

Wade Blog, Home Improvement, Sellers

The Woodbury new construction market is HOT right now.  Sellers are losing buyers to the “shiny new product” on the market.  So how do you compete? First, you can compete with the price. New construction typically is much higher in price per square foot. Price your home at fair market value and don’t think you need to allow room to …