The average sale price of $263,254 is a nearly
20% increase over last month. But this number can vary greatly depending on the number of higher end (or lower end) homes sold in Woodbury during any given month.

Green arrows to the right are typically a good thing. However, if you’re selling your Woodbury home then you want it to sell quicker (average days on market). At only 5 months of inventory, it is considered a slight advantage for sellers.

Real-Time Market Profile		Trend
Average List Price	$257,826
Average Sale Price	$263,256
Sold Price Per Square Foot	$102.80
Average Days on Market	88
Number of Properties Listed	388
Months of Inventory	5
Most Expensive Listing	$1,399,000
Least Expensive Listing	$49,900

Woodbury Foreclosures

There are 105 distressed sales — foreclosures or short sales — currently listed for sale in Woodbury, which is approximately 30% of the current inventory. There are 35 new distressed listings ranging in price from $59,500 to $390,000.

© 2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

Want to know what your Woodbury home is worth? Find out with a free property valuation

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You could start by searching for homes in Washington County online to see how many are for sale.

Currently, there are 167 homes in Washington County between $250K and $300K, which represents about 6 months inventory. This is considered a balanced market — which means if no other homes come on the market in this price range for the next year & nobody lowers their asking price, all homes would sell within 6 months.

Any longer and it becomes a buyers market, and any shorter it is a sellers market.

Where have the $300,000 homes in Washington County sold?

The next step is to see where recent homes in the $250,000 to $300,000 price range have sold. When buying a home, you want to buy a home in a neighborhood that supports this price point. It might not be a good idea to buy a $300,000 home in a neighborhood where mostly $150,000 homes are selling.

So far in 2011, Woodbury easily has the most home sales in the $250,000 to $300,000 price range. Stillwater and Cottage grove are a distant 2nd and 3rd place, and it quickly drops off from there.

Now that you know where people are buying $300,000 homes in Washington County, you want to get a feel for value (how much home do you get for your money?)

Size of $300,000 homes in Washington County

The price per square foot of $300,000 homes in Washington County range greatly. You get nearly 2,000 sq.ft. more in Afton then in nearby Lakeland. Grant also gives you a good sized home for your dollar, with most of the rest being fairly similar in size.

How to buy a $300,000 home in Washington County

Regardless of the price range that you need to purchase, buying a home should be a fun and exciting process. If you are thinking about buying a home in Washington County, just drop me a note and we will schedule an initial interview to get you started on your way to owning a home!

Homes in Washington County between $250k and $300k

The average sale price of $171,667 is a huge  drop of 25% from last month. But don’t worry, this is because there were no sales over $300k in October when other months have seen a handful.

Green arrows to the right are typically a good thing. However, if you’re selling your Stillwater home then you want less competition (number of properties listed) and for your home to sell quicker (months of inventory). Buyers benefit from these increasing numbers.

Real-Time Market Profile		Trend
Average List Price	$275,071
Average Sale Price	$171,667
Sold Price Per Square Foot	$116.38
Average Days on Market	76
Number of Properties Listed	188
Months of Inventory	10
Most Expensive Listing	$1,944,000
Least Expensive Listing	$47,000

Stillwater Foreclosures

There are 42 distressed sales — foreclosures or short sales — currently listed for sale. This remains steady at just over 20% of the current inventory. There are 9 new distressed listings ranging in price from $59,900 to $369,000.

© 2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

Want to know what your home is worth? Find out with a free property valuation

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Nobody likes to move furniture over snow banks. Should you try to sell (or keep your home on the market) during the holidays?

We’ll turn to good ‘ol math for the answer.

The chart below shows the number of showing appointments set each month in the Twin Cities.

You’ll notice the high amount of showings early last year. This was due to the 1st time home buyer tax credit that ended in April. Overall, there have been more showings this year then in 2010.

More showings = more sales. The late fall and winter have fewer showings and fewer sales.

But even though activity decreases, the serious buyers are looking at homes during the holidays. At the same time they have less homes to choose from sellers have less competition.

So it depends on how motivated your are. Will moving during the winter be too much of an obstacle, or would you rather wait for more competition in the spring?

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Then Millbrook is where you should look.

It has both single family and attached townhomes, all built by Lennar.

The entrance to Millbrook has a large stone monument with a cascading waterfall. There are many wetland areas and ponds for wildlife. Several of the home sites are backing South Twin Lake, with 2 fishing piers for the entire community to use. There are miles of trails and sidewalks connecting to the Brown’s Creek trail system.

Millbrook Single Family Homes

There are 13 different models of single family homes in 2 “collections.”

The Landmark collection offers 4 bedrooms, 3 baths, a loft, granite counter tops and hardwood floors. They range in price from $300,990 to $327,990

American Heartland collection features luxury living with 4 bedrooms, 3 or 4 baths, a 3 car garage, built-in cabinetry, loft, hardwood floors, custom kitchen cabinets, granite counter tops and stainless appliances. Plus they include energy efficient appliances and home automation technology – unlock doors, control the temperature and schedule lights to turn on and off from wherever you are. Prices in the American Heartland collection range from $387,990 to $425,990.

Millbrook Townhomes

There are 2 models, both with 3 bedrooms and 3 baths and either 1,733 Sq.Ft. or 1,763 Sq.Ft. Townhomes feature a granite kitchen island, laminate wood floors and a loft.

But you don’t want to hear your neighbors.

Check out these detached townhomes for sale in Woodbury. They offer the convenience of letting someone else do the maintenance & at the same time it feels like a single-family home.

Ready to see these townhomes in person? Give me a call at 651-983-4040 and we’ll get started right away!

Homeowners have access to several parks, playgrounds and a trail surrounding Long Lake.

Rutherford Elementary is in this neighborhood, along with First State Bank & Trust, Patriots Tavern, Kwik Trip gas station and Axdahl’s Garden Farm.

You can buy single family, townhomes and condos in Liberty on the Lake — all with the highest level of finishes. Because of this detailed work, many homes for sale tend to go quickly when priced right.

• Closed closed sales in 2010: 13
• 2010 average sold price $425,846
• Average days on market in 2010: 92.2

Liberty on the Lake homes for sale

Current Woodbury homes for sale

There are 379 Woodbury homes for sale

• Highest priced listing is $1,399,000 (6731 Orchard Ridge Trail)
• Lowest priced listing is $49,900 (2486 Cobble Hill #B)
• Pending Sales (properties under contract): 95

There are 110 foreclosures or short sales currently listed for sale. New to the market are 96 listings ranging in price from $66,000 to $959,000.

Sold Woodbury homes

The 92 Woodbury homes sold in September were the following:

© 2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

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Current White Bear Lake homes for sale

There are 140 White Bear Lake homes for sale

• Highest priced listing is $2,400,000 (2517 Manitou Island)
• Lowest priced listing is $49,900 (3150 Glen Oaks Avenue #203A)
• Pending Sales (properties under contract): 33

There are 27 foreclosures or short sales currently listed for sale. New to the market are 27 listings ranging in price from $75,000 to $745,000.

Sold White Bear Lake homes

The 28 White Bear Lake homes sold in September were the following:

© 2011 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records.
The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

Want to know what your home is worth? Find out with a free property valuation

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There are still several of them available in Woodbury.

According to the Minneapolis Association of Realtors, the average price of a bank owned home in Woodbury is $136,750. This is down 10% from last year and almost 28% from 2009.

Compare that with traditional sales that are only down 4% since 2009.

Competition for buying a foreclosure in Woodbury is fierce. If you’re looking for a bank owned home, you could easily face a multiple offer situation. Don’t expect to get an REO at much below the listing price, and don’t try to bargain much with the lender.

My suggestion is to put your highest & best offer in right away – someone else probably already has.

Check out these foreclosures for sale in Woodbury MN: