Everyone knows that the real estate bubble for MN homes has long since burst. Since then, we have seen valuations of real property decline, Minnesota homes inventory expand, and days-on-market times increase dramatically. Is there a light at the end of the tunnel? The answer is an emphatic “yes!” The Woodbury MN real estate market of 2010 is leading the way out of the tunnel to brighter market conditions.
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The Twin Cities real estate market is recovering, and the bottom of it has passed. MN homes inventory has dropped precipitously since January 1st, 2009. Pending sales are up by about 18%. Bank-owned inventory is starting to dry up. Pent up demand is being unleashed as potential buyers for MN homes rush to take advantage of the federal tax credit, low rates, and a buyer’s market.
The Woodbury MN real estate market is especially strong. In fact, our area was not impacted as greatly by the downturn as other areas of the nation. Our housing market is resilient. The large number of major employers, a vibrant and diverse economy, local amenities, convenience, and natural beauty of our area all serve to ensure a permanent demand for Woodbury, MN homes
Single Family Woodbury MN Homes for Sale
The Woodbury MN real estate inventory is broad and eclectic; single family home choices span a broad inventory of style, price, age, and condition. According to the Northstar Regional MLS* at the time of this writing, there are 232 single family Woodbury MN homes available, going for an asking price of $403,948, with prices ranging from about 100K-1.2M.
If you are seeking a cheap starter home, you are in luck; there are a multitude of Woodbury MN homes available in the 100K-200K price bracket. Woodbury MN foreclosures, bank-owned/REO, and short sale listings are available. Market conditions for these types of properties are still tilted toward home buyers right now, but this will change as lender-mediated inventory is shrinking and first-timers are taking advantage of the federal tax credit, low mortgage rates, and low prices.
The Woodbury MN luxury home market has also picked up. Jumbo mortgage rates are looking more and more like those of conventional loans. Underwriting for jumbo financing on Woodbury MN real estate is starting to ease up a bit, and the move-up buyers are coming out of hibernation. If you are looking for upper bracket Woodbury MN homes, you may be able to find some upscale custom-built Kootenia homes in Wedgewood Heights, Wedgewood Park, or Stonemill farms if your timing is right. “Green” homes situated on large lots and graciously appointed with amenities such as cherry cabinets, Brazilian hardwood floors, and gourmet kitchens are predominant in these high-demand Woodbury neighborhoods. Lakefront properties and riverfront MN homes along the St. Croix River are in high demand and tight supply in the Woodbury MN real estate market, so please contact me at 612) 840-2210 for up-to-the-minute information on availability.
Newer midrange homes in Dancing Waters include construction by Homes by Tradition. Other notable Woodbury MN home builders include Centex, Pulte, Derrick Construction, McDonald, Ryland, Chase, and Lennar. All of the neighborhoods in Woodbury show pride of ownership, are connected by over 100 miles of multi-use trails, and are surrounded by 3,000 acres of dedicated park land. Small wonder that Woodbury MN real estate makes such an excellent investment.
Townhomes and Condos for Sale
Woodbury MN townhomes and condos offer affordable options, although there are some upper-end three stall garage villas in Dancing Waters and Lundgren-built detached townhouses in Bailey’s Arbor. If you are looking for a home without stairs, you may be interested in newer twin homes located in the Cardinal Ridge addition. An abundance of quads, side-by-side, and condo units are available long the lower end of the price spectrum. There is a townhome or condo for buyers of all stripes. According to the Northstar Regional MLS,* there are 192 Woodbury MN real estate listings for an average listing price of $186,416.
New Home Construction in Woodbury
Labelle Homes Inc builds custom homes in the Twin Cities area. Each home is built as if it were are very own. We design by square inch, and not by the square foot. Thought goes into each and every aspect of the building process. Our homes are architecturally designed with attractive exteriors, well thought-out floor plans, quality building materials, and some of the finest craftsmanship you will ever find. We take an enormous amount of pride in building; if it has our name on it, it will be done right. Call us at 612) 840-2210 for a free, no obligation consultation, or to visit one of our homes.
Your Woodbury MN Real Estate Agent and Home Builder
Are you thinking of purchasing a home in Woodbury MN real estate? There are so many good housing options available that sometimes home buyers hardly know where to begin. The purchase of real estate is undoubtedly one of the most important decisions you will ever make, and there are a lot of questions you may be asking yourself. Would an existing house or brand new Woodbury home construction be best for us? What neighborhoods have good resale histories? What are the current market trends in the Woodbury MN real estate market? What municipal services and local amenities will be available to us? What about the schools? What location would give us the easiest commute to work?
As your Woodbury MN real estate agent, I can be your most important ally as you search for answers to these important questions. Because I will take the time to listen to you, I can help you explore your best options to discover a home that is just right for you. I know the schools, the neighborhoods, and current market conditions. I understand community issues, and I know local construction practices. I want you to be as happy living and working in this area as I am.
Are you thinking of selling your home in Woodbury? Call me first. I offer a complimentary market analysis of your property based on an objective review of sales statistics and the competing market. In addition, we can help you ascertain the easiest and most cost-effective improvements to help you gain top dollar at closing. My highest priority as your Woodbury MN real estate agent is to help you get the best price for your home, with terms favoring your best interests, and a sale that moves forward without any untoward surprises at the closing table. Years of service as a local Realtor and builder have sharpened my attention to detail, so I can ensure that your sale
Thank you for stopping by to visit my site. If you would like comprehensive information on homes in Woodbury, or you would simply like to chat about real estate, please give me a call. I dislike sales “tactics,” and I promise that you will find answers to your questions without the least bit of pressure.
Very Truly Yours, Mike LaBelle *Numbers per Northstar Regional MLS stats on 1/24/09.
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