Wedgewood (Woodbury, MN)
By Wade Hanson, Luxury Broker
(RE/MAX Results)
Comments 0
The Wedgewood area continues to be one of the most high demand areas for luxury buyers in Woodbury.  The amenities such as walking trails, parks, golf course, tennis courts and one of Woodbury’s favorite dining establishments – David’s Chophouse makes Wedgewood a unique neighborhood. Currently there are only 10 active listings in the Wedgewood area (including Wedgewood Valley, Wedgewood Heights and Wedgewood Park).  The average asking price is $593,000 for a 4 bedroom, 4 bath, 4,000 square foot home. When looking at the sales over the last 12 months there have been 53 home sales with an average sale price of about $500,000 for a 4 bedroom, 4 bath, 3,800 square foot home. Prices can be affected by the location within Wedgewood, the age of the home, recent renovations and amenities such a...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Comments 3
  If you are listing your home during the fall months, it’s important to remember that buyers will be paying attention to your outdoor spaces. Here’s a few tips for fall:   If you aren’t planning to list until the leaves turn, consider taking a few pictures around your home’s exterior now, shooting wide shots of the whole yard and closer shots of your more outstanding features. Print them and put them in small photo album and leave on your kitchen table during showings so buyers can see what they will get in the spring. Keep your lawn raked and mowed. Doing a little bit every day will go a long way in keeping up with the leaves. That giant maple tree in your front yard is beautiful during the summer, but when the leaves drop in the fall, it could just look like a lot of work to a prospe...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Comments 0
    Woodbury has seen a remarkable recovery. Even the luxury home market in Woodbury is bouncing back. Check out our video about the Wedgewood neighborhood! Becky and I have seen some amazing things in the past few months; bidding wars, homes selling in a matter of hours, cash offers. These are great for sellers! For buyers, not so much. They and their agents have to work a lot harder to get the home they want. If you have put your luxury home on the market and it’s not selling, it may be time for some reflection. There are a number of reasons a home might be seeing little activity.  Condition: Many of today’s buyers do not have the time, money, or desire to do a remodel. If your home needs paint, carpet, or a new roof, that can scare a luxury buyer away with worries about other repairs...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Comments 0
Wedgewood - Luxury Home Market Is Back!   The luxury home market in Woodbury is showing strong signs of recovery. The Wedgewood neighborhoods, which were hit hard by falling prices and long listing periods, are showing strong signs of recovery.    The supply of homes for sale in Wedgewood continues to drop. According to the Regional Multiple Listing Service of Minnesota, the months supply of single family homes in Wedgewood is now at 5.1 months and heading toward a seller’s market as we approach the spring listing season (see graph).       With reduced supply, we are seeing buyers acting fast to snap up the homes that are on the market, with Wedgewood homes spending, on average, 115 days on the market in the past 12 months (see graph). Homes in Wedgewood spent an average of 252 days on...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Comments 0
WEDGEWOOD REAL ESTATE MARKET UPDATE   2013 is getting off to a great start in the world of Woodbury real estate, and the Wedgewood neighborhood is doing exceptionally well. After several years of luxury homes languishing on the market, Becky and I are finally seeing clear evidence of a market recovery.    People are Buying Homes in Wedgewood Take a look at the graph below. It shows a remarkable trend in the last year as homes in Wedgweood are selling. But it’s not just a few homes here and there. It’s 73 homes sold since January 2012! How sustainable this trend will be remains to be seen, but we can be sure that what it does mean is that it’s possible to sell a home in the present market.   Supply is Down in Wedgewood A balanced market is when there are between 5 and 6 months supply of ...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Comments 0
        Wedgewood MN Luxury Home Real Estate Agents - John and Becky Durham     Are you searching for a top selling Wedgewood luxury home real estate agent to sell your Woodbury home? Check out John and Becky Durham's real estate services and how they market their luxury home clients.           To learn more about what John and Becky will do to market your Woodbury luxury home, see the videos detailing their premiere services. It's all on their website at www.results.net/john.durham.   John and Becky Durham are a marketing award winning husband and wife real estate team specializing in the marketing and selling of luxury homes in Wedgeood. Both John and Becky have earned master's degrees. Their marketing expertise, combined with their executive level business and consulting experience, ...
By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Comments 0
     Woodbury MN Luxury Home Real Estate Agents - John and Becky Durham     Are you searching for a top selling Woodbury MN luxury home real estate agent to sell your home? Check out John and Becky Durham's real estate services and how they market their luxury properties.        To learn more about what John and Becky will do to market your Woodbury luxury home, see the videos detailing their premiere services. It's all on their website at www.results.net/john.durham.   John and Becky Durham are a marketing award winning husband and wife real estate team specializing in the marketing and selling of luxury homes in Woodbury. Both John and Becky have earned master's degrees. Their marketing expertise, combined with their executive level business and consulting experience, means they are ...
Woodbury, MN Real Estate Professionals