There is 18 months of inventory of log homes between 1,300 sq. ft. and 2,150 sq. ft. finished above grade in the market area of Dane county, southeast Sauk County, and southern Columbia county. The analysis is based on log homes on less than 10 acres, in rural areas with out water frontage or deeded access. The average list price is $301,586. The average sale price is $233,733. The median list price is $279,900 and the median sale price is $221,200. List prices range from $199,900 to $510,000 and sale price range from $125,000 to $415,000.
The real estate market for ranch homes smaller than 1,350 sq.ft. between 20 and 60 years of age is moving along. The neighborhood is defined as center avenue to the east and the Rock river to the west and north. There still is a good supply of bank owned properties available in Janesville. Median sale prices have been inching upward through 2011. 49% of sales of properties were bank owned properties and 25% of current active listings are bank owned. There is 8 months of inventory of homes and the number of sales have remained relatively stable. Active listings range from $44,900 to $175,000. Sales have ranged from $29,900 to $127,000. Talk about affordability. Very competitively priced homes and discounted properties are selling the quickest. Current interest rates have minimized buydowns and concessions. Most homes in the area sell with conventional and goverment sponsored 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.