Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘Edgerton’

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%.

Lake Koshkonong- Newville area Water Front home Market

Sunset 1-14-06 001

Sunset 1-14-06 001 (Photo credit: Jibby7)

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.

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