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John Durham, MS, MS, ASP, ARS

Oakdale MN Closed Sales Dec. 2011 - Durham Executive Group

Oakdale MN Closed Sales Dec. 2011 - Durham Executive Group

Oakdale MN Closed Sales Dec. 2011 - Durham Executive Group

As a real estate agent we like our clients and for those considering putting their home on the market to stay informed on housing trends for Oakdale MN. Subsequently, my research this morning shows me while some home depreciation in Oakdale has continued there are some key positives. My research clearly indicates that the number of Oakdale homes for sale has declined steadily for the past two years. Of special interest is that there has been a slight increase (+0.5%) in the number of homes sold over the past twelve month period in Oakdale (this information has been researched from the Minneapolis Area Association of Realtors).

The positive in this statistic is the old supply and demand equation. With the continued decline in the total number of Oakdale MN homes on the market we are definitely starting to see the very early signs that Oakdale is moving more and more into a seller’s housing market. Oakdale currently has a 4.9 months' supply of homes for sale meaning that on paper Oakdale is officially in what we traditionally consider a seller’s housing market (below 5% is considered a seller’s housing market).

Keep in mind that homes sell all year and not just in the spring. Sometimes home sellers mistakenly believe you cannot sell a home in the winter months, but that isn't the case. In fact, there generally is a lot less competition as many people pull their homes off the market until spring.

Woodbury MN Closed Sales Dec. 2011 - Durham Executive Group

Woodbury MN Closed Sales Dec. 2011 - Durham Executive Group

Woodbury MN Closed Sales Dec. 2011 - Durham Executive Group

As real estate agents we like our clients and for those considering putting their home on the market to stay informed on housing trends for Woodbury MN. Subsequently, my research this morning shows me while some home depreciation in Woodbury has continued there are some positives. My research clearly indicates that the number of Woodbury MN Closed Sales Dec. 2011 has significantly increased over the past twelve month period. Of special interest is that there has been a 9.5% increase in sold homes during this period in Woodbury. This information has been researched from the Minneapolis Area Association of Realtors.

This information combined with the continued decline in the number of Woodbury MN homes for sale on the market is why the Durham Executive Group is seeing more and more of a 'balanced housing market' in Woodbury. With a 6 months' supply of homes for Woodbury we are not far off from what is traditionally considered a balanced housing market.

Keep in mind that homes sell all year and not just in the spring. Sometimes home sellers mistakenly believe you cannot sell a home in the winter months, but that isn't the case. In fact, there generally is a lot less competition as many people pull their homes off the market until spring.

Woodbury MN Pending Sales Dec. 2011 - Durham Executive Group

Woodbury MN Pending Sales Dec. 2011 - Durham Executive Group

Woodbury MN Pending Sales Dec. 2011 - Durham Executive Group

As a real estate agent we like our clients and for those considering putting their home on the market to stay informed on housing trends for Woodbury MN. Subsequently, my research this morning shows me while some home depreciation in Woodbury has continued there are some positives. My research clearly indicates that the number of Woodbury MN Pending Sales (Dec. 2011) has increased over the past year. Of special interest is that there has been a +5.8% increase in the number of pending homes over the past twelve month period in Woodbury. This information has been researched from the Minneapolis Area Association of Realtors.

With the continued decline in the total number of Woodbury MN homes on the market we are starting to see more and more of a 'balanced housing market' in Woodbury. With a 6 months' supply of homes for Woodbury we are not far off from what is traditionally considered a balanced housing market.

Keep in mind that homes sell all year and not just in the spring. Sometimes home sellers mistakenly believe you cannot sell a home in the winter months, but that isn't the case. In fact, there generally is a considerable less amount competition as many people pull their homes off the market until spring.

Woodbury MN Homes for Sale Dec. 2011 - Durham Executive Group

Woodbury MN Homes for Sale Dec. 2011 - Durham Executive Group

As a real estate agent I like to stay up on housing trends for Woodbury MN. Subsequently, my research this morning (see below graph) shows me that while home depreciation in Woodbury has continued there are some positives. My research clearly indicates that the number of Woodbury MN homes for sale Dec. 2011 has declined steadily for the past two years. What you see below is that there has been a 9.7% decline on the number of homes for sale over the past twelve month period.

The positive in this statistic is the old supply and demand equation. With the continued decline in the number of Woodbury MN homes on the market we are starting to see a more balanced housing market in Woodbury. Currently there is a 6 months' supply of homes for Woodbury meaning we are getting closer to what we call a balanced Woodbury housing market.

Keep in mind that we sell homes all year and not just in the spring. Sometimes home sellers mistakenly believe you cannot sell a home in the winter months, but that isn't the case. In fact, there is a lot less competition as many people pull their homes off the market until spring.

* The graph information is from the Minneapolis Area Association of Realtors

Woodbury MN Homes for Sale - Durham Executive Group

Troy Burne Homes That Sold 2011 - Durham Executive Group

Troy Burne Homes That Sold 2011 - Durham Executive Group

Troy Burne Golf Village Monuments in Winter

From January 1, 2011 through December 4, 2011 there were a total of 6 homes sold (excluding the one new construction sale) in Troy Burne Golf Village.

- The median 'original list price' for the six homes was $664,633.

- The 'cummulative days on market' (meaning from the very first time the house was put on the market regardless of how many times home was taken off the market and put back on the MLS for sale) averaged 626 days.

- Of the six homes that sold the median sale price was $481,833.

- The 'original list price' to 'sale price' ratio was 72%.

- The median County Estimated Market (Tax) Value for the six homes that sold was $447,671.

- The average sale price in Troy Township from November 9th 2009 through November 9, 2011 dropped on average by approximately $48,221. This is meant as an example or rough estimate for the cummulative days on market for the six homes in Troy Burne Golf Village prior to sale with them averaging 626 days on market.

If you are planning on selling your Troy Burne home don't incurr unnecessary stress, frustration, time on market, or loss of sale price due to further depreciation of your home value during time home is on market. Contact us to find out why we were one of only a handful of Twin City and Western Wisconsin to receive an online marketing award for selling our clients homes.

* This data research above was obtained by John Durham from the Minneapolis Area Association of Realtors and the MLS. This information is meant to be as accurate as possible but there is no guarantee it is accurate. For further information contact John Durham at 651-231-2191.