Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘Janesville Wisconsin’

The fence sitters are leaping over the fence

 

not usually a fence-sitter!

not usually a fence-sitter! (Photo credit: Esthr)

 

Fence-sitter

Fence-sitter (Photo credit: wynnr)

The Wisconsin Realtors Association has posted their report for June and it shows some phenomenal gains in the Wisconsin housing market. Check out the links below. It is rather inspirational. It looks like a great time to sell and with rising interest rates it is probably best to buy before rates get any higher. It looks like all of the fence sitters are getting of their fences.

https://www.wra.org/HSRJune2013/

WRA posts new report and sales and median homes sale price are up over last year with 21 months of sales growth.

Frank loyd wright

Frank loyd wright (Photo credit: Aikaterini Koutsi Marouda aka kotsifi)

The Wisconsin Realtors Association has released a new real estate market update.

Press Release and Report

MADISON, Wis. –Wisconsin existing home sales increased 3 percent in March, which is the 21st straight month of sales growth. Median prices grew 9.7 percent to $134,900 in March, compared to the same period last year, according to statistics released by the WRA. Sales during the first quarter were up 10.8 percent, and median prices rose 5 percent relative to the first quarter of 2012. 

Read the report at https://www.wra.org/HSRMARCH2013/

 

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%.

Newer ranches, multi level, and split entry homes in Arlington. Hows my Market?

In the market for single story homes in Arlington under 1,700 sq. ft. above grade homes under 18 years of age the median list price is $199,000 and the average list price is $201,108. The average sale price is $208,375 and the median sale price is $209,250. There is 15 months of inventory in Arlington. There is 1 bank owned property for sale. The average days on market is 191 and the median days on market is 118. The odds of selling a home in the first month is 7%. The odds of selling in the first month if it is listed under $200,000 is 8%, Under $190,000 is 11%. By expanding the market to the neighboring village of Poynette the average and medians decrease and the months of inventory is 7 months.

New Ranches in Evansville are readily available

New construction in Evansville has picked up significantly and is a good sign of an improving economy in Evansville. Property values for 1 story homes under 8 years old between 1,100 and 2,000 sq. ft. with unfinished basements appear to be stable with a dip in sales over the winter months. There is 8 months of inventory in Evansville. 17% were bank owned sales and 6% are active bank owned listings. The average list price is $165,897 and the median list price is $162,900. The average sale price is $163,383 and the median sale price is $161,400. The odds of selling a newer ranch in Evansville in the first month is 12%.

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.

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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