Things are looking up in the Woodbury real estate market.
Homes are selling in Woodbury, and they are selling fast at increased prices!
The days of homes languishing on the market for months and months and finally selling at lower prices appear to be gone.
In fact, the Durham Executive Group (RE/MAX Results) closed on another home in Woodbury this week that was on the market for only 57 days before an offer was accepted, and closed within 30 days. Keep in mind that this home was listed during the holidays, what many consider to be a slow real estate season.
This home, 3520 Jessie Ct., is a beautiful, 2 story home on a cul-de-sac near Red Rock Elementary. It sold for $320,000 with multiple offers on the table.
In 2009, homes were listed for an average of 153 days before sale. Today, the average home is listed for 98 days. Take a look at the attached graph, and you will see a full 12 months’ worth of improvement. In fact, homes in Woodbury are selling faster now than before the recession.
Today, there are 257 homes listed for sale in Woodbury, nearly half of what it was 8 years ago in February, 2005! What does this mean for Woodbury homeowners? It means if you are thinking about selling your home, now is a great time to list with John and Becky Durham. Because of the low inventory, and the marketing award winning talents of the Durham Executive Group, buyers will be competing for the best homes.
I would advise any prospective seller to consider that we are not seeing the typical winter season buying lull this year. In fact, the number of closed sales in January increased by 50% over last year.
It may be wise to list now rather than wait for the spring thaw. Buyers are currently looking for homes in Woodbury. With interest rates hovering at historical lows, they are motivated to buy. They may even want to buy YOUR home!
John and Becky Durham are Eastern WI and Minnesota real estate agents with RE/MAX Results and Durham Executive Group. www.results.net/john.durham
John Durham - 651-231-2191 email@example.com
Becky Durham - 651-231-2192 firstname.lastname@example.org
Housing statistics and information provided by John and Becky Durham are based on data available as of February 21, 2013. Data comes from the Regional Multiple Listing Service of Minnesota, Inc. Data deemed reliable but not guaranteed. Powered by 10K Research and Marketing.