Wisdom and South Central Wisconsin Real Estate information

Posts tagged ‘stoughton homes for sale’

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/

 

Lake Kegonsa Homes

Sunset Over Kegonsa

Sunset Over Kegonsa (Photo credit: wackybadger)

Some people have gotten some pretty good deals on water front homes on Lake Kegonsa in the last year. There is still 15 months of inventory and prices have remained very reasonable with an incredible variety of sizes, styles, quality, and condition of homes. There were 16 sales ranging from $160,000 to $900,000. The average sale price was $423,393 and the median sale price was $387,000. Currently there are 13 properties for sale with list prices ranging from $289,000 to $1,890,000. The average list price was $550,677 and the median list price was $459,000. Sizes have ranged from 700 sq. ft. to monsters with as much as 8,148 total sq. ft..  For those on the market, absorption rates have remained steady all year with 1.33 homes selling per month. The odds of selling a home in the first month is around 6%. Competition has kept prices reasonable and now is the time to start searching before the spring thaw.

It has been a good year for real estate in Dane County this year

English: The Dr. Charles G. Crosse House in Su...

English: The Dr. Charles G. Crosse House in Sun Prairie, Wisconsin, a registered historic place. (Photo credit: Wikipedia)

It has been a good year for real estate in Dane County this year. Sales have increased 25% this year over the last year. Record low interest rates have helped to keep things moving along. Inventories have decreased and in some markets there is a shortage of homes. Over all prices have not increased and there is still a continual flow of bank owned inventory. Now is a great time to buy or invest. Most rental properties will easily cash flow. There has been a good stream of homes under $100,000 which would be good to purchase to rent and hold until the market picks up again as an investment. There is also plenty of opportunity to flip with returns as high as 50% possible. If you are looking to sell the odds of selling have increased greatly. Surrounding counties have also picked up. If you would like to see some stats click on Dave Stark’s news letter in the upper left blog roll and check out the most recent November news letter.

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.

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.

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%.

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