Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘farmette’

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.

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Suburban Worries

Suburban Worries.

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

Ranch Home Market East of Madison

English:

Image via Wikipedia

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.

Luxury Homes in Dane County

A luxury home in a small town

Image via Wikipedia

Thinking of moving up to a luxury home or down sizing your current luxury home? In Dane couty the market for high quality homes over $1,000,000, between 4,000 and 9,000 sq. ft. above grade, less than 30 years of age, not on Madison lakes, there is 30 months of inventory. Listings range from $1,150,000 to $2,999,900 with the median list price at $1,595,000 and the average list price is $1,595,000. The median sale price was $1,388,875 and the average sale price was $1,373,858. Property values in the area appear to be stable though sales have declined over the winter months and listings are increaseing. There is a 3% chance of selling a home in this market in the first month.

Farmettes in east Dane County

English: Looking west at East Bristol, Wiscons...
Image via Wikipedia

Property values in the area appear to be stable. With the criteria of 2 story homes over 45 years of age between 1,600 and 2,500 sq. ft.on a lot between 1 and 10 acres there is 34 months of inventory in eastern Dane County. Sales range from $145,000 to $288,900 and listings range from $129,900 to $500,000. The average list price is $259,339 and the median list price is $239,900. The average sale price is $209,750 and the median sale price is $195,000. The odds of selling in the 1st month are 5%. The odds of selling in the first month if listed below $200,000 is 5%. The odds of selling in the 1st month if listed below $180,000 is 25%. 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. Marketing exposure time for the subject as derived from the MLS and historical data is estimated to be 3 to 6 months.

Dane County Market for homes on Large Lots

There is 19 to 21 months of inventory of similar homes in Dane county. For all homes in Dane County between 1,700 and 3,500 sq. ft. on 15 to 60 acres there is 19 months of inventory. The average list price is $588,422 and the median list price is $499,900. The average sale price is $499,873 and the median sale price is $435,000 with sales ranging from $295,000 to $945,600. For the same market criteria refined to homes between 15 and 48 years of age there is 21 months of inventory with the median list price of $499,900 and an average list price of $607,940. The median sale price is $457,000 and the average sale price is $453,375.

Bank owned properties are not a significant factor in this market. 6% of sales were bank owned and 11% af active listings are bank owned.

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