Woodbury Homes For Sale and Market Update; February 3rd, 2014

Woodbury Homes For Sale and Market Update; February 3rd, 2014

Real estate market data for Woodbury Homes For Sale, provided by Matthew Johnson of The Johnson Real Estate Group at Keller Williams

Real Estate Activity Update

It’s quite rare that inventory goes down the week before the Super Bowl… we have seen quite a few changes over the last 2 years! In fact, the Median Sale Price of Woodbury homes just surpassed $270,000… a number we have not seen since late 2007! If you have a town home consider selling it this year and if you have a older single family home get ready to do some upgrades because new construction will be very strong competition and the builder are not pulling any punches. I have now seen all the major builders plans and expectations in Woodbury for 2014. While I’m impressed by their offerings it surprises me how much prices are going up due to the land costs. New construction rose about 18% in 2013 and we’ll see double digits again this year I’m sure.

Go to http://woodburyhomevalues.info  if you want to see what your home is worth today!

The stats for the Woodbury Real Estate Market in the previous week

• New listings of Woodbury Homes For Sale continue with 35  homes hitting the market

• Pending properties add 16 new sales, with 71 pending homes

• Overall inventory is at 251 homes for sale… 41 have offers in contingency status!

 

When adjusted for seasonality and compared to 2012 for the month of December 2013:

• Median Sales Price is up 10.9% to $270,000

• Days on Market is down to 68 days on market

• Percent of original list price received is still at 97.3%

• Months supply of inventory in Woodbury is down 28.6% to 2.8 months *NOTE : SELLERS MARKET*

 

Click to view the current inventory of Woodbury Homes For Sale, or New Listings In Woodbury Minnesota or New Construction Homes in Woodbury!

 

Information is gathered from the Northstar Multiple Listing System and “InfoSparks”

Good luck and happy home selling!

Matthew Johnson

www.mattjrealtor.com

Licensed in both Minnesota and Wisconsin, The Johnson Real Estate Group serves; Woodbury, Oakdale, Cottage Grove, and the entire Twin Cities Area including Western Wisconsin! We are dedicated to providing a superior experience when buying or selling your Twin Cities home! Contact us at www.mattjrealtor.com to find out more.

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