The market search was expanded to neighboring areas along lake Koshkonong, the connecting Rock river, and Clear lake. Property values in the area have stabilized over the last couple of years. Sales started out slow and picked up toward the end of summer and have been non existent over the winter. There is 41 months of inventory of water front 1 story homes between 800 and 2,000 sq. ft.. The average list price is $295,090 and the median list price is $297,000. The average sale price is $295,00 and the median sale price is $207,500. 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. There is a 3% chance of a selling a home in the 1st month.
Posts tagged ‘buy a log cabin’
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.