Health & Fitness
How many homes in Woodbury have become "Distressed Sales"?
I had to see where we are at today with some of the lowest inventory levels since 2004 and that did not change much as 30.8% of Active homes on the Multiple Listing Service are distressed in nature.
"How many homes in Woodbury Minnesota have become "distressed sales"?
It's a question I often receive from potential home buyers flirting with the idea of getting into the market.
I've usually quoted some of the statewide statistics and tried to dig deeper into their motivation but a recent article by another blogger motivated me to find out EXACTLY how many Woodbury homes are distressed sales.
Find out what's happening in Woodburywith free, real-time updates from Patch.
Generally speaking, the monthly totals for 2011 range from 1/4 to 1/2. The higher percentages showing up when traditional sellers shy away from selling due to weather and other seasonality related issues. The next step was to take a look at how we size up with neighboring communities on an annual basis and that data appears to be in Woodbury's favor.
I also had to see where we are at today with some of the lowest inventory levels since 2004 and that did not change much as 30.8% of Active homes on the Multiple Listing Service are distressed in nature. One factor did catch my eye and of the 81 short sales 45 units are currently A,c and that's usually Active with an offer pending 3rd party (Bank/Lender) approval. I hope this helps in making your decision to buy or sell and if you care to dig deeper in to how this information affects your situation feel free to contact me at www.mattjrealtor.com.
Find out what's happening in Woodburywith free, real-time updates from Patch.
Good luck and happy home selling!
Information obtained from the Northstar Multiple Listing Service
Matthew Johnson
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.
