Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘Sales’

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/

 

Evansville Real Estate Market for older 2 Story Homes (Wisconsin)

New Trail Around Lake Leota

New Trail Around Lake Leota (Photo credit: JohnE777)

Some great deals were found on the smaller 2 story homes in Evansville. The market analyzed was 2 story homes over 50 years old between 1,000 and 1,800 sq. ft.. Sales ranged from $31,000 to $160,000. Current listings range from $64,900 to $155,900. There is 9 months of inventory and 52% were bank owned sales and the REO inventory has been eliminated. 50% of the 6 sales in the last 3 months were bank owned. The average list price was $103,018 and the median list price was $109,000. The average sale price was $180,399 and the median sale price was $73,000. The odds of selling a home in the first month is 11%. 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.

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%.

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.

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%.

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.

Town of Oakland (Jefferson County) Real Estate Market

Frank loyd wright

Frank loyd wright (Photo credit: kotsifi (falling apart))

In the town of Oakland there have been 29 sales in the last year ranging from $55,000 to $540,000. There are 32 current listings ranging from $49,900 to $1,695,000 with 13 months of inventory. 10% of sales were bank owned properties and 16% of listings are bank owned. The odds of selling a house in this market in the first month is 8%.

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