Stonemill Farms (Woodbury, MN)
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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  New home construction in Woodbury is bouncing back! The city of Woodbury just released the latest Lot Inventory Report.   There are 426 single family home lots available in Woodbury. Over 150 of these lots are in the Dancing Waters development, and nearly 100 are in Stonemill Farms. 49 lots are available in the new Bailey Lake development located at Bailey Rd. and Pioneer just east of East Ridge High School. More lots will become available near East Ridge in the next year as new neighborhoods are developed.   Having your own representation when working with builders is critical. John and Becky Durham are experienced with working with builders, and with John’s degree in home construction, they are uniquely qualified to help you negotiate the best deal on your dream home. They specializ...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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Prices Increase in Stonemill Farms Becky and I are sort of what you would call ‘data junkies’. Especially when it comes to the local real estate market. We keep hearing in the national news that the real estate market is leading the way to economic recovery. That’s great news, but don’t you wonder what that really means for those of us here in Woodbury? Take Stonemill Farms, located on Woodbury’s eastern border. A look at the attached graph from the Minneapolis Area Association of REALTORS® will show you that average sale prices for previously owned homes have increased 14.2% over the same time last year. This is wonderful news for Stonemill Farms homeowners, who continue to face competition from the new construction that is still going on in this development.  I was recently asked by a...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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Condo and Townhome Prices Rising   First time home buyers and down sizers are a typical market market for townhomes and condos. With interest rates continuing to be a historical low levels, along with reduced supply, price increases for town homes and condos are outpacing single family homes in Woodbury.   Take a look at the graph below, and you’ll see that average prices for townhomes increased by 12.1% in Woodbury in the past year. Condos increased by 38.9%. Single family homes increased by a healthy 6.2%.     Now is a great time to invest in a first home. But it can be a scary endeavor. Becky and I offer a FREE class for first time homebuyers to help take the fear out of the process. We team up with a local mortgage broker who will tell you all about the mortgage process, while we pr...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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Real Estate Market Update - Woodbury's Stonemill Farms Stonemill Farms, located on the far Eastern side of Woodbury, was the pre-recession gem of the city. New homes were selling faster than builders could keep with. Then the recession hit. In January 2008, previously owned homes spent about 100 days on the market. By the end of the year, homes were languishing on the market, on average, over 200 days. That translated to a staggering 18 months supply of homes for sale in Stonemill Farms!  Five years later, Stonemill Farms is on it’s way to a thriving real estate market. Drive through the community and you will once again see new homes in various stages of construction. But the most exciting news for Stonemill Farms homeowners is that pre-owned homes are selling faster than they have in ...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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Woodbury MN Housing Market 2012 - Durham Executive Group   When is the right time for you to sell?   After nearly a half-dozen years of watching home values in Woodbury decline, Becky and I, who actively track the Woodbury housing market, are seeing home values increase 9.1% from December 2011 thru November 2012.  This trend is pushing median home values higher than they have been in several years.                The bump in median home value is just one of many significant positives that have happened in the Woodbury housing market during 2012. Additional positive indicators:   ·         price per finished square feet has gone up 4%;   ·         days on market has dropped -21.4%;   ·         the month’s supply of homes for sale has dropped -36.9%, down to an incredible 3.8 month’s supp...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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Top Woodbury MN Relocation Real Estate Agent - Durham Executive Group           There are a number of reasons why John and Becky Durham of the Durham Executive Group is considered the top Woodbury MN relocation real estate agent for those either transferring into Woodbury MN, or those transferring out of Woodbury. We are award winning Woodbury MN real estate agents.   Our relocation service success starts with our interpersonal skills and ability to work well with people. Throw in our mutual masters degrees, our professional work backgrounds, communication skills, and integrate these talents with hard work, honesty, and integrity weaved throughout everything we do and you quickly see why we are considered the top Woodbury MN relocation real estate agent by our clients and past clients. ...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
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Woodbury MN Stonemill Farms Information Center - Durham Executive Group           The above photo is of Newland Commuities original Stonemill Farms Information Center. This property was used as the Stonemill Farms Information Center for a number of years during the early phases of Stonemill Farms development until the Durham Executive Group sold it as a single family home for them. This property was the only single family home Newland Communities built and owned in the development. When Newland Community looked to sell the property they hired the Durham Executive Group (John & Becky Durham) to sell it as we are real estate experts in both the Woodbury community, as well as in Stonemill Farms.     The current Newland Communities Information Center is located at: 11400 Ivywood Trail Woodb...
Woodbury, MN Real Estate Professionals