Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘split entry’

Inventories have decreased on the lower priced larger ranches in Stoughton.

English: for sale sign

English: for sale sign (Photo credit: Wikipedia)

The market analyzed was 1 story homes between 8 and 40 year old, larger than 1,400 sq. ft above grade in Stoughton. All of the lower priced inventory has been sold leaving all active listings priced above sales. There is currently 5 homes for sale in this market listed between $234,900 and $349,900. There is 8 months of inventory of homes in the Stoughton. The average sale price was $185,362 and the median sale price is $188,450. The odds of selling a home in this market is 13%. The average days on market was 42 and the median was 38 days. The average list price was $226,861 and the median list price was $224,900.

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 Homes in Stoughton Wisconsin

Kamakoa Nui single-family detached model home

Kamakoa Nui single-family detached model home (Photo credit: Hawaii County)

For newer single family homes in Stoughton under 15 years of age the homes range from 1,092 sq. ft. to 2,835 sq. ft. above grade living area. Sales prices range from $148,400 to $343,000. Active listings range from $149,900 to $399,900. The average sale price is $233,031 and the median sale price is $228,000 so homes in the typical 1st home buyer market are selling the most. There is 9 months of inventory, which means it will take 9 months to sell all of the houses currently on the market making it a buyers market. It also means the odds of selling a house in the 1st month is around 10%.

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%.

Lodi 1 story homes market

In the market for single story homes (ranch, multi level, split entry) between 1,000 and 1,800 sq. ft. under 25 years of age the median list price is $220,000 and the average list price is $217,256. The average sale price is $207,961 and the median sale price is $215,000. There is 10 months of inventory in Lodi and sales have declined with a drop over the winter months. 43% of sales of similar properties have been bank owned. All bank owned inventory has been sold. The odds of selling a home in the first month is 10%. If you are thinking of selling get ready for the spring market. Very competitively priced homes and discounted properties are selling the quickest.

Stoughton Real Estate Market for older ranches and multi levels

English: The Long Barn, The Dean Estate One of...

Image via Wikipedia

In Stoughton there is 6 months of inventory of single family 1 story homes (split entry, ranch, multi level) less than 1,350 sq.ft. above grade, older than 15 years of age with basements that were not fixer uppers.7% were bank owned properties and 8% of current listings are bank owned. Sales ranged from $50,000 to $218,000. This is a balanced market with a trend toward a sellers market.

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