Woodbury Homes For Sale and Market Update; January 27th, 2014

Woodbury Homes For Sale and Market Update; January 27th, 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

What a wonderful kick off to the new year. Corporate relocations are just a fraction of our usually quite spring. It appears that buyers are hesitant to wait around for higher interest rates and we experienced a 18% surge in pending properties over the previous 2 weeks. The increase in sales coupled with a stagnant inventory is causing upward price pressure and the need for new construction options to begin to fill our market.

The distressed inventory is virtually gone as well, a decrease of about 42% between 2012 and 2013 with less than 10% of the active inventory being short sales or foreclosures. Considering a move this year? Don’t wait too long as inventory will build rapidly through March and into April. We can make it a smooth, worry free experience. Just see what some of our past clients said about their transaction: http://mattjrealtor.com/testimonials 

Go to http://twincities.guaranteedsale.com 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 33  homes hitting the market

• Pending properties add 13 new sales, with 72 pending homes

• Overall inventory is at 253 homes for sale… 37 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% to $266,500

• Days on Market is down to 68 days on market

• Percent of original list price received is still at 97.4%

• Months supply of inventory in Woodbury is down 32.1% 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.

[wnt_list title=”New Listings in Woodbury” ownertype=”all” paginated=”false” sortoptions=”false” maxresults=”50″ search_mode=”form” primarysearchtype=”active” searchtype=”city” state=”MN” min_price=”0″ max_price=”1000000000″ city=”Woodbury” newListings=”1″ /]

Speak Your Mind