Wisdom and South Central Wisconsin Real Estate information

Looking at downtown Reedsburg, Wisconsin, USA ...

Looking at downtown Reedsburg, Wisconsin, USA while travelling on Wisconsin Highways 23 and 33. Taken March 11, 2007 by myself. Cropped from the original. (Photo credit: Wikipedia)

Some people have gotten some great deals on newer 1 story homes in the city of Reedsburg.  There were 22 sales of 1 story homes under 1,400 sq. ft. above grade homes between 5 and 25 years of age in the last year ranging from $38,000 to $165,000. The median list price was $134,900 and the average list price was $126,650. There is currently 17 properties listed for sale ranging from $92,900 to $168,000. The average sale price was $113,565 and the median sale price was $119,000. There is 15 months of inventory, making it a buyers market. There are 2 bank owned properties for sale and REO sales made up 27% of sales and sold around 30% below market value. The average days on market was 162 and the median days on market was 111. The odds of selling a home in the first month is 11%. Very competitively priced homes and discounted properties are selling the quickest. Current interest rates have minimized buydowns and concessions and most homes in the area sell with conventional financing. Market exposure time for the subject as derived from the MLS and historical data is estimated to be 3 to 6 months, with discounted homes selling quicker.

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