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... 12/13/2011

Hurry...We Sell Woodbury MN Homes Fast! - Durham Executive Group     John & Becky Durham sold yet another home in Woodbury MN this year fast. This one like so many others this year in Oakdale and Woodbury where we sold them in a week or less. This is the fifth consecutive home where the home sold in a week or less, and where the Durham Executive Group didn't even have time for a permanent front yard sign be installed. The success in selling these homes fast are a result of the Durham Executive Group's strong marketing program and online presence combined with their excellent staging and home preparation programs.         11/17/2011

 Twin Cities/Woodbury Relocation - Durham Executive Group   In reading a publication called the 'Opus College of Business News' from the University of St. Thomas and authored by Grace Hertel I learned even more about why Minnesota and the Twin Cities rank so well in nationwide rankings in a variety of interesting ways. I thought this article was worthy of writing a short Twin Cities/Woodbury Relocation blog. In the article Grace Hertel quotes a number of sources that rank Minnesota very high, which I will make an effort to point out. 1. Publications such as Forbes and Entrepreneur Magazine have recognized Minnesota as an ideal spot for business. Forbes magazine recently identified Twin Cites as one of the top job markets in the nation and the best metro area for job seekers. Minnesota w... 11/04/2011

Woodbury MN Average Days on Market Until Sale - Durham Executive Group     Woodbury MN average days on market until sale for home sales is slowly declining. The change in the average days on market in the past twelve months declined only slightly, however should you look at the below chart you will note that the September 2011 average days on market is not far from average days on market back in January 2008.   Is the glass half full, or half empty? Forever being an optimist progress in the Woodbury MN housing market is taking place.   ***The graph/chart below has been provided by the Durham Executive Group through the Minneapolis Area Association of Realtors***     10/29/2011

Woodbury MN Homes for Sale - Durham Executive Group     In accessing the Woodbury MN housing market the Durham Executive Group illustrates below that steady albeit slow progress is being made in the Woodbury housing market. Through September of 2011 the number of homes for sale has declined by 82 homes since September of 2009 (see graph below) for a total of a 14% decline. However, the 505 Woodbury MN homes for sale in September of 2011 is a far cry from the high of nearly 700 homes for sale back in 2007 and 2008.   ***The graph below is provided by the Durham Executive Group from the Minneapolis Area Association of Realtors***       10/29/2011

Woodbury MN New Construction Real Estate Specialists - Durham Executive Group     John and Becky Durham have worked closely with the buyer's and the builder of this Woodbury MN new construction villa to ensure a seamless relationship between both buyer's and the builder, Michael Lee. The buyer's received strong representation and the construction is on track to close by the agreed upon timeframe of mid-December of this year.       10/29/2011

Woodbury MN Home Sales - Durham Executive Group     This past twelve months we have seen Woodbury MN Home Sales increase 1.6% through September 2011 from the previous twelve months. Home sales in Woodbury MN have increased as a whole by 5.8% over the past two - years, which is definitely a good sign. However, we have seen previously the monthly supply of Woodbury MN homes for sale have increased 11.8% the past twelve months from the previous year. Meaning while closed home sales in Woodbury MN have gone up, so has the number of supply of homes for sale keeping Woodbury a buyer's market for the time being. If you are thinking of selling or buying a home in Woodbury MN schedule an appointment with John & Becky Durham in our Woodbury MN office to discuss all the options available. As stron... 10/04/2011

Woodbury MN Still Buyer's Market - Durham Executive Group   For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home. The graph below shows Woodbury MN Still Buyer's Market on a twelve month rolling scale. If you lump all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) in Woodbury MN Monthly Supply of Homes for Sale you will note that the home supply for sale has gone back up to 6.9 months through September 2011 from the previous 12 months. However, 2011 numbers are still down significantly from the 7.6 months in 2009. In real estate the general rule of thumb is if there is a 1-5 months supply of homes it is called a 'Seller's Market... 10/04/2011

Woodbury MN Average Home Sale Price - Durham Executive Group   For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home. The graph below is Woodbury MN Average Home Sale Price on a twelve month rolling scale through September 2011. What you will notice is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) are moving in different directions in terms of the Woodbury MN Average Home Sale Price the past two years. Traditional home sales in Woodbury as a whole are seeing home values drop but only a total of 3.5% over the past 2 years. Short Sales in Woodbury MN are seeing the average sales price go up 6.3% this year over last year, ... 10/04/2011

Woodbury MN Average Days on Market for Home Sales - Durham Executive Group   For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home. The graph below is Woodbury MN Average Days on Market for Home Sales on a twelve month rolling scale. What you will notice is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) are completely different in terms of Woodbury MN Average Days on Market for Home Sales. Traditional home sales in Woodbury are seeing the number of days a home is on the market reducing significantly, while both foreclosures (lender owned), and short sale days on market are going up. This particular agents view on this su... 10/04/2011

Woodbury MN Monthly Supply of Homes for Sale - Durham Executive Group   For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home. The graph below is Woodbury MN Monthly Supply of Homes for Sale on a twelve month rolling scale. What you will note is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) in Woodbury MN have seen their Monthly Supply of Homes for Sale being reduced. This is the markets way of gradually balancing out though we still have a ways to go. In real estate the general rule of thumb is if there is a 1-5 months supply of homes it is called a 'Seller's Market', a 5-6 month supply of homes and it is called a 'Bal... 10/04/2011

Are you planning on buying your very first house in Woodbury? Many people who are renting today are realizing that the recent increase in rents is making Woodbury Real Estate more attractive than ever. With the combination of low mortgage rates and lower property values monthly payments on a home in Woodbury may even be less expensive than what you are paying for rent! If you are a MN first time buyer I would definitely enjoy talking with you about these possibilities. In order for you to take advantage of the great market values in today's market, there are 3 steps to get started. Step 1: Call Me To Discuss Your Goals There are more things to consider when buying a home than simply the monthly mortgage payment. I will want to have a discussion with you what your short and long term goa... 09/29/2011

Transferring to Woodbury MN - Durham Executive Group     Earlier this year Becky and John were contacted by a family relocating to the Twin Cities from Texas. They were looking for a home spread out from Savage, Prior Lake, Chanhassen, Minnetonka all the way up to Woodbury and Lake Elmo. The home buying process included many trips by the transferree to look at homes, as well as a home buying trip by the significant other. In the end, the buyer's found exactly the ideal home for them and their family and relocated to Woodbury MN.   Here is a relocation testimonial from our satisfied clients:   "John – I wanted to pass on to you and Becky a big KUDOS for the great service you provided me and my family in our relocation from TX to MN.  We have dealt with three relocations in the past 6 yea... 09/26/2011

Selling a home in Woodbury today can be a challenge, especially with all the competition from nearby foreclosures and short sales. Market values have been reduced in part because of the low sales prices offered by banks who need to unload their inventory of their real estate owned. About half of the sales in today's Minnesota real estate market has come from non-bank home sellers. Are you looking for help to sell your home in Woodbury? Perhaps it has never been more important to use a Woodbury real estate agent who studies recent trends in Twin Cities market values. When we come out and visit your property to complete a Competitive Market Analysis (CMA), we will compare all of the features of your home to the competing homes for sale in your neighborhood. We will need to look at all of ... 09/15/2011

Woodbury MN Relocation and Paying it Forward - Durham Executive Group   Just ask anyone who is in real estate and they will tell you real estate's very nature is one of the most time consuming and competitive industries one can try earning a living in and that is without even doing business in today's economy and housing market. With that being said just last week I was contacted by email from an elderly loan officer who wanted to meet with me as they had just relocated to Woodbury MN from out of state. I knew the purpose for the appointment was going to be very one-sided with the intent for me to help acclimate the loan officer, and for them to want to cultivate a relationship with me where I ultimately send them business. Keep in mind that it isn't like I don't already have relationsh... 09/14/2011

  The Durham Executive Group (John & Becky Durham) enjoy specializing in providing executive level real estate services with Woodbury MN retiree's who want top selling real estate agents who they can trust. Our retiree clients have heard our reputation for working with retiree's and know they will receiving strong representation throughout the relationship as we continuously look out for their interests. We specialize in providing and maintaining strong communication with our clients which may be attributed in part to our undergraduate education degrees combined with our many years of experience as a counselor, and consultant in business prior to real estate. In working with this particular retired couple we helped them sell their home and carefully explained the sale process. After hel... 09/14/2011

Relocation to Woodbury MN - Durham Executive Group       The Durham Executive Group (John & Becky Durham) specialize in working with people being relocated to Woodbury MN. Currently, we are working with a retired couple relocating to Woodbury MN. After looking at a number of existing Woodbury detached town homes, twin homes, and Villas, the retiree's determined they wanted to build a new Villa. Due to our knowledge of builders, as well as the city of Woodbury we identified a quality builder who had a lot with a great view that closely met our clients’ needs. Note: The Villa is to be constructed (photo is of the Michael Lee model) in Woodbury MN, and it will close in December of this year. The Villa will look very similar to the model shown above. Ground breaking will take place in Septe... 09/14/2011

Woodbury MN New Construction - Durham Executive Group         The Durham Executive Group (John & Becky Durham) sold a Villa to be constructed (photo is of the Michael Lee model) in Woodbury MN, and it will close in December of this year. The Villa will look very similar to the model shown above. Ground breaking will take place in September of this year. The property sits up high on a ridge with a view over the city of Woodbury. The Durham Executive Group works with buyer's in providing strong representation when they seek to build new construction in Woodbury MN. John & Becky have a great relationship with builders in the area and are able to provide buyer's with a good understanding of builders strentghs and capabilities.   09/14/2011

What To Do When Your Upside Down Many Woodbury home sellers are faced with the unfortunate problem of owing more on their home than what they can sell it for. The fact is that in order for you to sell your house in the MN real estatemarket today you need to pay off your mortgage in order to convey clean title to your buyer. Unless you want to arrange a "short sale" with your mortgage lender, this means you will bring money to the closing table to pay off the remaining balance owed. As a result many home sellers who need to move are considering the possibility of making their current home available to rent with the hope of buying a new house. Rising Rents in Woodbury The good news today is that with the tougher real estate market, rents have increased significantly. Renters find that the... 09/06/2011

Woodbury Minnesota Relocation - Durham Executive Group   The Durham Executive Group specializes in working with families who are relocating into Woodbury MN and the surrounding communities, or conversely we work with families who are relocating out of Woodbury MN. In this particular case, we assisted a wonderful couple where the husband had been transferred to the East coast by his company. With strong marketing representation during a down housing market we were able to sell the home in less than five weeks at a price that the sellers were very happy with. In fact, the sellers were so happy with our services that they wrote the following testimonial:   Becky and John, "thank you so much for all the work you did for us with the sale of our home. We have sold three houses in the last 7 y... 08/19/2011