Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘Bank’

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

 

 

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Janesville NE ranch market

Map of Wisconsin highlighting Rock County

Image via Wikipedia

Property values in the Janesville area have stabilized over the last couple of years since the pull out of GM and a slow economy. There still is a downward trend in sale prices with a good supply of bank owned properties available in Janesville. In the neighborhood between Milton Avenue, Hwy 14, Hwy 90, and Hwy A the market 39% were bank owned sales and 24% of listings are bank owned. There is 8 months of inventory of homes in the subject market. 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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