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Thursday, October 22. 2009
Market Statistics for Dane County - 1st, 2nd and 3rd Quarter 2009 Madison West: - List Price: $249,900/ $249,900/ $259,900
- Sale Price: $241,250/ $244950/ $252,500
- List to Sale Ratio: 96.5%/ 98%/ 97.15%
- Days On Market: 69 days/ 51 days/ 65 days
Madison East: - List Price: $183,400/ $184,900/ $189,900
- Sale Price: $179,850/ $177,500/ $183,500
- List to Sale Ratio: 98.1%/ 96%/ 96.65%
- Days On Market: 58 days/ 79 days/ 66 days
Sun Prairie: - List Price: $211,150/ $205,000/ $213,700
- Sale Price: $206,450/ $197,500/ $205,000
- List to Sale Ratio: 97.7%/ 96.3%/ 95.93%
- Days On Market: 68 days/ 85 days/ 81 days
Verona: - List Price: $289,900/ $292,400/ $265,950
- Sale Price: $285,000/ $285,950/ $251,000
- List to Sale Ratio: 98.3%/ 98%/ 94.38%
- Days On Market: 102 days/ 58 days/ 58 days
Waunakee: - List Price: $367,400/ $349,900/ $349,900
- Sale Price: $351,450/ $335,000/ $349,900
- List to Sale Ratio: 95.6%/ 96%/ 100%
- Days On Market: 102 days/ 57 days/ 88 days
Fitchburg: - List Price: $278,900/ $294,900/ $269,900
- Sale Price: $265,000/ $287,500/ $259,000
- List to Sale Ratio: 95%/ 97%/ 95.96%
- Days On Market: 93 days/ 74 days/ 73 days
Cottage Grove: - List Price: $223,900/ $249,900/ $234,200
- Sale Price: $209,450/ $242,500/ $233,700
- List to Sale Ratio: 93.5%/ 97%/ 99.79%
- Days On Market: 49 days/ 57 days/ 57 days
Thanks to Charlie Wills for these compiling these statistics. It will be interesting to see the fourth quarter stats - the first time buyer tax credit ending soon should make for a strong finish! If there are other statistics you are looking for, please let us know and we will get them for you!
Wednesday, October 14. 2009
· Market Statistics for Dane County - 1st & 2nd Quarter 2009 · Madison West: - List Price: $249,900/ $249,900
- Sale Price: $241,250/ $244,950
- List to Sale Ratio: 96.5%/ 98%
- DOM: 69 days/ 51 days
· Madison East: - List Price: $183,400/ $184,900
- Sale Price: $179,850/ $177,500
- List to Sale Ratio: 98.1%/ 96%
- DOM: 58 days/ 79 days
· Sun Prairie: - List Price: $211,150/ $205,000
- Sale Price: $206,450/ $197,500
- List to Sale Ratio: 97.7%/ 96.3%
- DOM: 68 days/ 85 days
· Verona: - List Price: $289,900/ $292,400
- Sale Price: $285,000/ $285,950
- List to Sale Ratio: 98.3%/ 98%
- DOM: 102 days/ 58 days
· Waunakee: - List Price: $367,400/ $349,900
- Sale Price: $351,450/ $335,000
- List to Sale Ratio: 95.6%/ 96%
- DOM: 102 days/ 57 days
· Fitchburg: - List Price: $278,900/ $294,900
- Sale Price: $265,000/ $287,500
- List to Sale Ratio: 95%/ 97%
- DOM: 93 days/ 74 days
· Cottage Grove: - List Price: $223,900/ $249,900
- Sale Price: $209,450/ $242,500
- List to Sale Ratio: 93.5%/ 97%
- DOM: 49 days/57 days
Data provided by Charlie Wills of First Weber's West Towne office
Tuesday, October 13. 2009
 The Metro Milwaukee MLS stats reports included some good news and some bad news. The number of homes sold is up more than 7% over last September. That's the good news. The bad news is the average sales price has dropped to 2002 or 2003 levels. The good news about the bad news is that local REALTORS say the average sales price decrease is a result of more sales in the $200,000 and under starter home price range. Sellers of those homes are now free to buy-up. So that is more good news.
JSOnline did an article on the statistics and you may read it in its entirety here. Some commentary from the article is as follows: "In the first-time buyer market there is price competition. Sellers are getting 98%, 100% of the asking price - multiple offers in some cases," said Mike Ruzicka, president of the Greater Milwaukee Association of Realtors. "But if you go up the ladder a little bit - over $300,000 - it's really slow." Also, REALTORS are hoping that Congress will extend or open up the first time home buyer tax credit. Doing so would continue to spur sales. "It absolutely needs to be extended and opened up," said Tammy Maddente, executive vice president of First Weber Group. The uncertainty of an extension may have some buyers still waiting. Bob Larson of First Weber's Waukesha office is quoted as saying: "They are trying to wait it out to see what will happen, so it's causing a little bit of a pause," Larson said.
As of now, the tax credit does expire and homebuyers must close by December 1. Better get on it if you are serious about buying. Good luck from First Weber Group. We are here to help!
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