Dane County Quality Built Ranches on Acres of Land

If you have been thinking of getting away from it all on your own wonderful retreat you can find what you are looking for.

In the market defined as quality built 1 story homes less than 20 years old, between 1,800 and 2,700 sq. ft. finished above grade living area on lots between 5 and 40 acres. curent list prices range from $545,000 to $1,100,000. The average list price is $733,435 and the median list price is $725,000. Sales ranged between $512,000 and $945,000. The average sale price was $697,892 and the median sale price was 697,500. There is 14 months of inventory. The odds of selling a home in this market in the 1st month is 7%.

This is the above average quality market and there are still many lower priced listings with lots of potential to re sell in this price range.

Great deals on older homes in Deforest, Windsor, and Morrisonville

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There have been some good prices to be had in older 2 story homes in the Deforest market to include all of Deforest, the neighboring villages of Windsor and Morrisonville. There is 24 months of inventory In Deforest and 19 months of inventory in the expanded market area. Homes older than 45 years of age, between 1,100 sq. ft. and 2,200 sq. ft. above grade, on sewered lots under 1 acre, were analyzed. The average sale price was $121,095 and the median sale price was $121,675. The average list price is $130,275 and the median list price is $129,875. The average days on market is 168 and the median days on market was 155 days. The odds of selling a home in this market in the 1st month is 5%. Sales ranged from $79,900 to $140,000 and current active listings range from $79,900 to $175,000. 20% of sales were REO properties and 25% of current listings are short sale offerings. There is currently no bank owned inventory. There was a slow down in sales over the winter months. Buyer activity has increased in the last few months.

Some Great Deals Have Popped up on Larger 2 Stories in Sun Prairie

The market in the city of Sun Prairie for 2 story homes between 1,900 and 2,800 sq. ft. above grade with finished basements between 8 and 35 years of age there is 9 months of inventory. The average sale price was $282,193 and the median sale price was $283,000. The average list price is $298,117 and the median list price is $299,000. The average days on market is 119 and the median days on market was 66 days. The odds of selling a home in this market is 11%. Sales ranged from $210,000 to $388,500 and current active listings range from $207,500 to $459,900.  Some of these homes were heavily discounted and produced instant equity. If you are thinking of selling you will have to price it competitively. If you are thinking of flipping, it may be a good market to check out for deals with a possible return.

Buyers are finding great deals in Edgerton in the older 1 stories.

In the city of Edgerton market of 1 story homes between 20 and 70 years of age between 800 and 1,600 sq. ft. above grade. There is 10 months of inventory of homes. The odds of selling a home in the 1st month is 10%, which is really  fairly good odds these days. Sale prices ranged from $56,199 to $126,000. Active listings range from $51,000 to $175,000. The average list price is $111,245 and the median list price is $114,900. The average sale price was $90,180 and the median sale price was $77,000. 47% of sales have been bank owned and 15% of listings are bank owned. 13% of sales were short sales with a total of 60% of sales being non arms length sales. Over the spring listings have increased 66%.

West Madison, Meadowood is getting hot.

 

Unique Green Tree Multilevel

 Have you been thinking of selling a house over by Raymond Road or off of Whitney Way? Now is the time. Have you been waitng to buy a home in Meadowood you should jump in before all the best deals are gone. Meadowood appears poised for a good spring selling seasons. Based on sales in the last year there is currently 8 months of inventory of homes in the area. This makret has remained extremly stable over the last year with a very slight dip over the winter month and sings are positive over the spring selling season. Bank owned properties are not a significant factor in this market with 10% percent of sales being bank owned. There is currently no bank owned inventory. There is a total of 24% of sales that were not typically motivated, being bank owned, estate related, flips, and short sales. The average list price in the area between Schroeder Road and Raymond Road, between Reetz Road and McKenna Boulevard is $198,666 for homes 1,200 sq. ft. to 2,100 sq. ft. finished above grade homes with finished basement. The median list price is $194,950 with the median sale price being $184,000 and an average sale price of $$183,886. List prices range from $124,500 to $360,000 and sale prices ranged from $110,000 to $292,500. Current interest rates have minimized buydowns and concessions and most homes in the area sell with conventional financing. Marketing exposure time for the subject as derived from the MLS and historical data is estimated to be 3 to 6 months.

If this is your market and you want to buy or sell a house give me a call. 608 712 6086

 

 

Newer ranches, multi level, and split entry homes in Arlington. Hows my Market?

In the market for single story homes in Arlington under 1,700 sq. ft. above grade homes under 18 years of age the median list price is $199,000 and the average list price is $201,108. The average sale price is $208,375 and the median sale price is $209,250. There is 15 months of inventory in Arlington. There is 1 bank owned property for sale. The average days on market is 191 and the median days on market is 118. The odds of selling a home in the first month is 7%. The odds of selling in the first month if it is listed under $200,000 is 8%, Under $190,000 is 11%. By expanding the market to the neighboring village of Poynette the average and medians decrease and the months of inventory is 7 months.

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Suburban Worries.

Suburban Mom turns 30 and gives her take on living in the suburbs.

Newer Homes in Stoughton Wisconsin

Kamakoa Nui single-family detached model home (Photo credit: Hawaii County)

For newer single family homes in Stoughton under 15 years of age the homes range from 1,092 sq. ft. to 2,835 sq. ft. above grade living area. Sales prices range from $148,400 to $343,000. Active listings range from $149,900 to $399,900. The average sale price is $233,031 and the median sale price is $228,000 so homes in the typical 1st home buyer market are selling the most. There is 9 months of inventory, which means it will take 9 months to sell all of the houses currently on the market making it a buyers market. It also means the odds of selling a house in the 1st month is around 10%.

Tough Market for 4 Unit Rental Properties in Sun Prairie

Tight lending requirements have hurt investment rental propertie sales over the last few years with only the best cash flow properties selling. Property values as well as sales in the area appear to be relatively stable. Per the South Central MLS, in Dane County there have only been 7 sales of 4 unit rentals under 30 years of age in the last year with a median sale price of $300,000. There is 55 months of inventory of 4 units under 30 years of age in Dane County with a 1% odds of selling in the 1st month. In Sun Prairie there have been 4 sales ranging from $225,000 to $345,000. The average sale price was $283,875 the median sale price was $282,500. There is a large gap between sales and listings with listings ranging from $$350,000 to $480,000. The average list price is $383,399 and the median list price is $379,900. There is 27 months of inventory 4 units under 30 years of age in Sun Prairie. 25% of sales have been bank owned properties. There currently are no bank owned properties listed for sale. 11% of active listings are short sales (1). Investment properties often sell by word of mouth or through area investment clubs were owners are looking to increase tax deductions with higher depreciation deductions by tax deferred exchanges.

Ranch Home Market East of Madison

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Sales have slowed over the winter months, but the spring selling season is here. In the area between Hwy 90 at the west, Hwy 73 at the east, Hwy 12 to the south, and Hwy 19 to the north, for homes between 1,400 and 2,200 sq. ft., over 15 years of age, on less than 5 acres, on a well, there is 19 months of inventory. The average list price is $233,075 and the median list price is $225,000. The average sale price is $200,463 and the median sale price is $200,000. This is a good market for the first time home buyer and move up buyer with median prices with in the reach of many forst time home buyers. The odds of selling a house in the 1st month is about 5%. The average days on market is 112 days and the median days on market is 57 days. Bank owned properties are not a significant factor in this market with only 1 bank owned sale in the last year.