The stock market is up, and so is the Woodbury housing market.
The Marsh Creek housing market in particular showed promising gains in 2012. With only a 1.4 months’ supply of homes on the market in 2012, Marsh Creek is clearly a seller’s market (less than a 5 months’ supply of homes on the market.)
This high demand Woodbury neighborhood saw incredible gains in median price, going up 21.3% in 2012 to $486,500! This translated into an increase of 17.9% in price per finished square foot.
This is big news in the luxury home market, where the past 6 years have seen enormous price drops as high end homes languish on the market for months. Becky and I are optimistic that those days are over, especially in Marsh Creek. We predict the lack of supply will continue to drive sale prices up in 2013.
When you combine great location, great schools, and a great neighborhood with this positive market data, it’s easy to see why the perfect time to be a Marsh Creek homeowner is now!
If you have been waiting for the market to turn around to sell your home, now may be the time. Get a jump on the trend! Call John and Becky Durham, the luxury home experts, for a free market analysis of your home. If you are looking to buy, John and Becky can help you with that, too. Call us today at 651-231-2191.
To learn more about what John and Becky will do to market your luxury home, see the videos detailing their premier services. It’s all on their website-www.results.net/john.durham.
Housing statistics and information provided by John and Becky Durham are from the Minneapolis Area Association of Realtors. Information is deemed reliable but not guaranteed.