Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘Janesville’

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/

 

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.

South East Janesville Market- Pershing Park-Terry Meadows- Terry Meadow- Commons South-Etc.

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.

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