Washington County MN housing market is just starting to show the early stages of a housing market correction. The average sales price did appreciate 8.3% over the past 12-months, but the number of new listings dropped 5%, and the number of closed sales dropped 4.5%. The number of showings per listing are declining. More sellers are reducing their list prices after going on the market at a faster Continue Reading
Woodbury Minnesota
Woodbury MN Housing Market Correction 2022
Woodbury MN Housing Market Correction 2022 Woodbury MN housing market appears to be just starting to show the early stages of a housing market correction. Over the past 12-months both new listings (were down 7.8%), and the number of closed sales (were down 5.8%) though the average sale price appreciation is up 13.9% over the same timeframe. I anticipate we will see the average sale price start Continue Reading
Woodbury MN Wedgewood Luxury Home Realtors
Woodbury MN Wedgewood Luxury Home Realtors - John & Becky Durham have listed another home for sale in Woodbury's premier neighborhood! Brief description of home at 3826 Fairway Terrace, Woodbury MN 55125: Custom built, single family home by Derrick Construction. 4-bedrooms on one-level located in premier Wedgewood Heights neighborhood, cul-de-sac, Continue Reading
Woodbury MN – Housing Market Changes – 2022
Woodbury MN - Housing Market Changes - 2022 Locally the housing market is changing from a sellers housing market which has been driven by rapid appreciation for the past two or three years due to shortages of homes for sale. The rapid appreciation has been driven by the pandemic along with historic low mortgage interest rates. Combined it has forced the housing supply to be out of balance Continue Reading
Woodbury MN – 1st Quarter 2022 Housing Market Update
Woodbury MN - 1st Quarter 2022 Housing Market Update Both nationally and locally the housing market is at the very cusp of changing from a sellers housing market which has been driven by rapid appreciation for the past two or three years due to shortages of homes for sale. The rapid appreciation has been driven by the pandemic along with historic low mortgage interest rates. Combined it has Continue Reading
Woodbury MN Home Values
Woodbury MN Home Values Exploded from October 2020 thru October 2021. Woodbury MN home owners who took advantage of the housing inventory shortage walked away from the closing table with significant net proceeds because of home appreciation. Let’s look at the rolling twelve months from October of 2020 through October 2021 illustrating the appreciation during this time Continue Reading
