Woodbury

Here is MLS # 4393872

This attractive townhome is located at 3316 Hazel Trail in Woodbury, Minnesota.  It has 2 bedrooms, 3 bathrooms, and 1,622-square-feet of space. It is a coveted end unit town home in Bailey’s Arbor.

This exceptional home features a cook's kitchen with stone floors, granite countertops and stainless steel appliances.

It also has private patio, cozy fireplace, large loft and private master bath.  Enjoy summers at the neighborhood pool!

First time home buyers may qualify for financing incentives. But first time home buyer or not, this Woodbury MN town house can be yours for $189,900!

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The Twin Cities real estate market is off to a promising start in 2013, with area home sales up 11% over last year. While January is typically one of the sleepiest months of the year, unseasonably strong home buyer activity suggests that the spring market will be robust.

During January, there were 2,797 home sales in the 13-county Twin Cities metro area. Buyers were out and about during the month hoping to strike a good deal on a home and take advantage of near record-low mortgage rates. Pending sales were up even stronger than closings, rising 13% during January.

Sales of steeply discounted foreclosure homes fell slightly during January while sales of upper-bracket houses increase. As a result, the median price of all closings during the month rose 14% to $160,000.

While there were plenty of house hunters, the same can’t be said of home sellers. During January there were 4,798 new listings, a 6% decline from last year. Total listings in January stood at 12,000, a 32% decline from last year. At the current sales pace those listings would last less than three months.

With inventory falling, some expect that the Twin Cities has become a seller’s market, but that’s not the case. Sellers still offered hefty discounts in January, getting only 93 percent of their original list price. Buyers are still having their say.

Additionally, home sale prices are still being suppressed by high levels of foreclosures and short sales. During January, distressed sales represented 43% of all deals. Though that is...

Despite continuing economic uncertainty, the housing market in the Twin Cities area showed modest signs of improvement in July.

At the end of the month, pending Twin Cities real estate sales were up 42.7% over the same month of the previous year, when sales were dropping after the tax credit expired for first-time home buyers. It was the third consecutive month of double-digit, year-over-year gains in pending sales, according to data released by the Minneapolis Area Association of Realtors.

Home prices have not yet rebounded and a new report suggests that foreclosures will continue to dominate the market. In spite of this, market watchers see reasons to be optimistic.

Declining inventory is the most promising sign. With sellers reluctant to brave the tough market, new listing activity was down 16% in July compared with last year, helping send total inventory down 19% from a year ago. About 24,000 homes are on the market today.

Similar tentatively good news recently came from a report on the Twin Cities housing market from the University of St. Thomas.

The University of St. Thomas’s Real Estate Index, which is based on nine market indicators, increased from 784 in June to 799 in July; the index was 847 in July 2010. While closed sales were up 34 percent compared with last year, the report showed that the median sale prices of all closed sales dropped three percent from June to July, from $165,000 to $160,000.Compared with 2010 prices were down 8.5 percent. Excluding foreclosures and short sales, prices were down only 1.5 percent from June to July and down 10.4 percent from July 2010 to 2011.

The Minnesota Association of Realtors said that throughout the state the number of closed home sales during July was down 33.5% with the median sale price of those deals down 6.5%. These are comparisons to July 2010. Despite an uptick in sales activity this summer, the number...

A recent report show that foreclosure filings have declined since last fall. However, this real estate snap shot isn't a completely pretty picture.

RealtyTrack, an Irvine California firm, has reported foreclosure filings have slowed and are down 25% nationally during the first half of 2011 as compared to the first half of last year. The rate is 29% lower compared to the rate from the second half of 2010. Still, a depressing total of 1,170,402 foreclosures were filed through the end of June, 2011.

The length of time from default to foreclosure to auction has grown.  U.S. properties foreclosed in the second quarter were in the foreclosure process an average of 318 days from the initial notice to the completion, up from 277 days in the second quarter of 2010. New York leads the nation in the length of its foreclosure process at an astounding 944 days. Florida was next at 676 days. At the other end of the spectrum, Texas’ process took 92 days.

The longer length of time for the foreclosure process could be a good or a bad sign. On the one hand, banks are still processing a high-number of defaults, which may be slowing the foreclosure process. On the other, many programs are being developed and offered to help homeowners avoid foreclosure. This is also true for Minnesota.

On a completely related note!

The Washington County Library and the Washington County Housing and Redevelopment Authority are offering free foreclosure counseling and information workshops on Thursdays in July, providing advice from trained foreclosure-prevention counselors. The events will include a 45-minute presentation summarizing the foreclosure process. Participants will also have an opportunity to meet individually with a foreclosure-prevention counselor. No pre-registration is required.

"The value in speaking to a county foreclosure-prevention counselor is identifying options,"...

A new grocery store and shopping center is being built to accomodate Woodbury MN residents.

The tentatively named Bielenberg Gardens project is the first part of a high-density "urban village" master plan the City is drafting for the southwest corner of Bailey Road and Radio Drive. Woodbury has determined that is the suburb's next area for residential growth in the future.

One of the Twin Cities fastest-growing suburbs in the past decade, Woodbury experienced a wave of construction of malls, shopping centers and stores, but much of it was in the city's north near Interstate 94. The suburb's south has fewer basic services, and the new project's developers -- Bloomington-based United Properties and local residential land developer Tim Thone -- say the shopping center will fill the gap in necessities not just for southern Woodbury, but northern Cottage Grove.

This Woodbury MN project is one of the few such neighborhood retail centers in the works around the Twin Cities. About half of the proposed 120,000-square-foot center will be the grocery store. Pending city approvals, there are plans to break ground on the 28-acre development next spring. It would open by the fall of 2012.

The working name of Bielenberg Gardens is a reference to Woodbury's first mayor, Orville Bielenberg. His farm once stood nearby.

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Here is MLS # 4024102

The home features an open floor plan and two-story foyer, 4 large bedrooms on upper level, master suite, walkout basement, deck and loft.


In a fantastic location, this home could be yours for just $299,900!

Browse more Woodbury MN homes for sale.

 

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This weekend is the 24th annual Spring Parade of Homes Remodelers Showcase. This is a unique opportunity to tour 69 actual remodeled homes in 26 communities throughout the Twin Cities metro.

This event is presented by the Builders Association of the Twin Cities Remodelers Council. The showcase homes will be open Friday April 1 from 1-7pm, and Saturday and Sunday April 2-3 12:00 noon to 6:00 pm. Admission is free (except for a Dream Remodeled Homes) to the general public. Remodeling representatives will be on hand to answer questions. All 57 professional remodeling firms showcased on the tour are members of the Council.

Homes are open in 26 communities across the Twin Cities area. Minneapolis has 12 homes on the tour and 8 are in Edina.  Other homes are located all around the metro, from Andover to Woodbury.

Practically every type of remodeling job is showcased on the tour, including 16 whole-house remodels, 47 kitchen renovations, 24 additions, 12 baths and 12 lower-level finishes. Other projects featured include decks, porches and exteriors, owners’ suites, mud rooms, home offices, laundry rooms and garages.

The two Dream Homes were selected as this spring’s Builders Outreach Foundation Dream Remodeled Homes. Both were whole-house remodels. One home in Minneapolis is by House Lift and one in St. Paul by Ispiri, LLC. A $5.00 donation is requested to the Foundation, the charitable arm of BATC, with all proceeds used to build homes for families who otherwise couldn’t afford one.

Guidebooks are available free at all metro area Holiday StationStores or online. The Remodelers Showcase has a Calendar of Events, from educational to inspirational these events are held at Remodelers Showcase homes, offices and showrooms. Find out more online at www.paradeofhomes.org.

This weekend is also the last...

New numbers from around the Twin Cities metro area indicate home construction is beginning to pick up. After reaching record lows in 2008 and 2009, officials are cautiously hopeful about new home construction over summer.

According to the Builders Association of the Twin Cities, Blaine was the leader for July in the number of building permits issued with 28, followed by Maple Grove with 26, Woodbury with 17, Hugo with 14, and Shakopee with 12.

For the total number of units permitted in July, Blaine topped the list with 28, followed by Maple Grove with 27, Woodbury with 25, Hugo with 21, and Shakopee with 12.

For the first seven months of 2010, Maple Grove issued 160 permits, followed by Blaine with 153, Shakopee with 126, Woodbury with 98, and Lakeville with 85. Oakdale, Woodbury, Cottage Grove and Forest Lake have already issued more permits this year than in all of 2009.

There has been a flurry of activity in Woodbury and Hugo. Woodbury leads the entire metro area in terms of planned units for 2010, as well as the valuation of permits issued. Through the end of July, Woodbury had approved 98 permits for 373 units valued at $49.8 million. In 2009, 255 units were approved.

Though it is an improvement, it is unlikely home building will ever return to the boom period the Twin Cities saw during the last two decades, when Woodbury saw more than 1,600 new units a year....

Woodbury Lakes, an upscale shopping center that opened five years ago but stumbled into foreclosure due to the economy, will go up for sale on March 15. Investors could find a bargain. The Woodbury real estate along Interstate 94 east of Radio Drive has a lot of potential, despite its recent troubles.

Whoever buys the property might do well to make it over from its high-end "lifestyle center" concept into a shopping area that might draw consumers with more moderate incomes from a broader area, said Jim McComb, a Minneapolis real estate and retail consultant.

There is no set price tag for the 50-acre property in Woodbury. That will be negotiated when a buyer emerges.

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Plans have been proceeding on the Red Rock Territory in Woodbury: A 580-acre stretch of land along I-94 that will hopefully soon be transformed into a complex of office buildings, manufacturing plants, warehouses, stores, parkland, and around 550 housing units.

The site's developer and city planners say its completion will help Woodbury emergence as a major business and manufacturing hub in the Twin Cities. The first businesses could move in and begin adding jobs to the economy as soon as this fall or early 2011.

Red Rock Territory, a named derived from Woodbury's original territorial days, entails nearly 2.5 million square feet of potential building space, plus parking for thousands of vehicles.

It includes a spot for at least one corporate headquarters, an east and west business park, an industrial park, retail sites and two parks on both ends comprising 72 acres. As many as 555 housing units are envisioned. Two new city roads will be built, and a Metro Transit park-and-ride ramp for more than 500 vehicles is in the works.

Woodbury MN has commercial and office developments but offers no central business park like some other Twin Cities communities. Woodbury's largest employers now include the Hartford Insurance Co., Assurant, Target.com and the Woodwinds Health Campus that is part of HealthEast. Those businesses are located throughout the city - Red Rock Territory would cluster businesses together.

While there is no detailed blueprint for how each piece of the Red Rock Territory development will unfold, the infrastructure is already in place, so any company with a building project can move on it - like now.

All the planning and infrastructure design will pay off, said Janelle Schmitz, the city's planning and economic development manager. "We're well positioned, or poised for when...

There are several home buyer programs in Woodbury MN, both for first time home buyers and people who have owned homes in the past.

First, there is the Woodbury First-time Home Ownership Program.  The aim of the program is to encourage home ownership in Woodbury MN by providing financing to low- and moderate-income first-time home buyers. Low-interest, deferred loans of up to $25,000 are available to qualified families who earn no more than 80% of area median income, currently $64,000 for a family of four. First-time home buyers are defined as a person or household that has never owned a home or has not owned a home in the last three years. The purchase price of the affected homes may not exceed $256,500. Single-family detached houses, townhomes or condo units are eligible for this program.

Second, there is the Woodbury Foreclosure Purchase Program. This program aims to encourage the purchase of foreclosed properties in Woodbury MN by providing financing to low- and moderate-income purchasers. Low-interest, deferred loans of up to $25,000 are available to qualified families who earn no more than 115% of area median income, capped at $90,000 per household. The purchase price of the affected homes may not exceed $256,500. Single-family detached houses, townhomes or condo units are eligible for this program.

Perhaps now is a good time to take a look at Woodbury MN real estate!...

The City of Woodbury is an attractive community of cozy neighborhoods, interconnected by miles and of hiking and biking trails. Located just outside of St. Paul, life in Woodbury offers residents access to the many amenities of the city while allowing them a quieter place to escape to when the return home.

Woodbury is a well-rounded city. In addition to its great residential areas, this first-ring Twin Cities Metro suburb is home to several corporate headquarters that are major employers in the area, providing plenty of job opportunities. Woodbury also has plenty of shopping and commercial areas, making the Woodbury a shopping destination for the eastern metro area. Last, but not least, with 28 park sites and green spaces, Woodbury is filled with recreational opportunities in a variety of outdoor settings.

Most of Woodbury is served by Independent School District #833 which offers an array of excellent educational opportunities for all students. Some parts of the community are also served by #834 (Stillwater) and #622 (Maplewood-Oakdale-North St. Paul).

Though the average sale price for a single family house in Woodbury is $296,000, prices can range from $100,000 to over $500,000. Woodbury MN real estate can be within your reach!

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