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Tuesday, March 16. 2010
Real estate is cyclical and always has been. It is easy to see the highs and lows over the course of a year. That pattern is pretty typical no matter what real estate market in Wisconsin you are in. Ask a REALTOR in your Wisconsin town for stats on your city - or ask us here on the First Weber Blog in a comment or with our "Ask a question" button. You can see the year over year chart of Wausau, Wisconsin real estate sales since 2004 below.  So far in 2010, the Wausau residential real estate market has seen 116 homes sold. 48 of these were under $100,000. 30 were between $100,000 and $150,000 19 were between $150,000 and $200,000 10 were between $200,000 and $300,000 8 were between $300,000 and $600,000. Those in more metropolitan areas can see how affordable housing is in Wausau, Wisconsin. Wausau is centrally located in Wisconsin. If you are looking for an affordable place to live, perhaps Wausau is it! To start searching, you can start right here at firstweber.com and we'd be happy to help you with any Wisconsin real estate question you may have. Thanks to Ron Zarht for providing this Wausau, Wisconsin real estate info. And thank you for reading!
Friday, February 26. 2010
Yes, real estate values have struggled the last few years. But as a long term investment, it has been pretty solid. Here's a little chart with a BIG message.  Read more commentary on owning the American dream here. Thanks for the excellent, simple, very telling graphic, KCM crew. Now does that make you want to buy some Wisconsin real estate or what? What do you think?
Tuesday, February 23. 2010
Single Family Home sales for the Wausau WI Area Single family home sales as reported by the Central Wisconsin MLS for the Wausau area were up more than 5% over the prior year. The chart shows the break down by price of homes sold in the first month of the year and the current inventory of homes for sale in the area. This increase, while small, is showing the fact that housing is rebounding in Central Wisconsin. There is are great supply of homes on the market in the area, interest rates are very low and prices are at a low point. This is a great time to be in the market. Remember the Stimulus package for housing expires as of April 30th of this year (must have an accepted offer by then). Now is the time to buy. Call your First Weber Office for details.
If you would like to search Wausau, Wisconsin real estate now, click here Much Thanks To Ron Zahrt for providing the data. 2010_Residential_Sales_Jan.pdf
Wednesday, February 17. 2010
Excellent Dane Country Real Estate statistics. Sales up 21% in January 2010. View article at the Wisconsin State Journal here. There are a few stories in it about buyers, their thoughts and why they are taking the leap into homeownership now. If you see yourself in the position to make your move and buy property in Wisconsin, First Weber's website is a comprehensive source for Wisconsin property. We'd be honored to help you find a new house and walk you through the process. There are 72 days left (as of today) to get an accepted offer and receive the home buyer tax credit!
Wednesday, February 10. 2010
January, 2010 Metro Milwaukee MLS statistics are in and they look are looking good! 2.4 % more residential units were sold in January 2010 than were sold in January 2009 across the MLS system 13.7% more residential units were sold in Waukesha County in January 2010 than in January 2009. 65.2% more residential untis were sold in Ozaukee County in January 2010 than in January 2009. 10.3% more residential units were sold in Washington County in January 2010 than in January 2009. 31.1% more residential more units were sold in Racine County in January 2010 than in January 2009. 12.5% more residential units were sold in Walworth County in January 2010 than in January 2009. The only sales statistic to fall was in Milwaukee County. 6.4% less units were sold this January than were sold in January 2009. Overall, this is an excellent start to the year in terms of the Milwaukee area real estate market. Please don't forget about the tax credits available to first time home buyers and homeowners who have lived in their current home for 5 of the last 8 years (other criteria may apply as well). Please let us know if you have any questions about your market area or the home buying and selling process. Thanks for reading.
Tuesday, January 12. 2010
Similar to today's Metro MLS statistic blog post on the First Weber blog, an article today on jsonline states home sales were up, but prices were down. It pictures a First Weber agent, Lauren Siegel, and features quotes from numerous Milwaukee Realtors on what's happening and what they expect in 2010. If you're looking for viewpoints on Milwaukee real estate from a variety of agents and different companies, please take a look at this article which also quotes First Weber Executive Vice President Tammy Maddente. Please think of First Weber Group when you think Wisconsin real estate!
Monday, January 11. 2010
Hot off the press - the year end Metro Milwaukee MLS stats are in. Overall, the metro MLS sales were up 5.9% over 2008. That equals 14,321 homes and condos sold versus 13,523 in 2008. If we do county by county, the overall results are positive. Milwaukee County real estate: Sales up 11.3% over 2008. In 8 out of 12 months, 2009 sales beat 2008's Waukesha County real estate: Sales down a mere 1.9% compared to 2008. In 5 out of 12 months, 2009 sales beat 2008's, including a 70% gain in November. Ozaukee County real estate: Sales were up 1.4% over 2008. In 5 out of 12 months, 2009 sales beat 2008's, including a 63.9% gain in June and 118.9% gain in November. Washington County real estate: Sales up 1.7% over 2008. In 5 out of 12 motnhs, sales beat 2008's, including a 114.3% increase in November. Racine County real estate: Sales were down just 1.1% compared to 2008. Racine had 6 months in 2009 in which more real estate was sold than in 2008. Racine Country real estate showed a great December with an increase of almost 20% over last December. Home prices were down, but not a tremendous amount. The price drop is said to be mostly a result of the sale of starter homes or those on the lower end of the price bracket which brings down the average sales price. There's no telling what is in the future for Wisconsin real estate in 2010, however, we expect a solid spring thanks to the extended and expanded home buyer tax credit. To qualify, a binding offer to purchase must be in place by April 30, 2010. The property must close by July 1st. Are you thinking of selling? Buying? Check out this tax credit information. And here's is a Job Loss Protection program a First Weber seller can offer to a potential buyer to help close the deal. We hope you choose to work with First Weber in 2010. Thanks for reading.
Monday, January 4. 2010
Home values have fared better in the Milwaukee area than other metro areas in the country according to RadarLogic and BizTimes.com which provides a nice synopsis of the statistic-heavy RadarLogic report. Read the whole BizTimes article here. (You'll have a scroll to the second story) Highlights include: Milwaukee has the lowest price decline of all 25 metro markets that are tracked. Milwaukee also had the number two spot for five year price increase; 2%. Denver was the only metro area that posted a sales price increase over 2008. That is encouraging news for Milwaukee. Let's hope for continued positive Wisconsin real estate news in 2010. Happy New Year from First Weber Group!
Tuesday, December 29. 2009
This graph above and data below shows the number of listings for sale/ number of sales and the length of time in months that it would take for the current inventory to be absorbed or sold under current market conditions. These numbers show Wausau, Wisconsin Single family homes priced from $100,000-$150,000. You can see the number of months of inventory is declining and homes are selling faster than they have in recent years. The lower the months of inventory go, the more it becomes a seller's market. | Year/Quarter | 2008- 1st | 2008- 2nd | 2008- 3rd | 2008- 4th | 2009- 1st | 2009- 2nd | 2009- 3rd | | On Market | 98 | 131 | 143 | 121 | 116 | 144 | 132 | | Sales | 29 | 42 | 48 | 32 | 25 | 30 | 53 | | Months of Inventory | 10.1 | 9.3 | 8.9 | 11.3 | 13.9 | 14.4 | 7.4 |
We hope you found this information useful. If there is a Wisconsin city you would like information on, please leave a comment and we will do our best to provide the information. Thank you for reading the First Weber Blog.
Tuesday, December 29. 2009
The Wisconsin Realtors Association released third quarter 2009 data showing a statewide gain in home sales of 5.8% over last year. If the pace holds, the WRA estimates more than 90,000 homes will be sold in Wisconsin this year - an increase of approximately 5,000 from a year ago. The wellness of the Wisconsin housing market affects all Wisconsin homeowners, even if they are not in the market right now. What your neighbor's house sells for may have an effect on what yours sells for. While more homes are being sold is good news, prices are still on the low side in most cases. You can sign up to receive emails on homes similar to your own with a MyFirstWeber account if you'd like to keep track of the market just for informational purposes. If you are a buyer, ou may also use the same link to sign up to be notified via email of new listings matching your criteria. First Weber has been reporting positive news here for the last five months to drive interest in home buying at this historical time... if more first time home buyers enter the market, move-up buyers also can do just that, move up. Despite the trend to increased sales, sellers should realize that the market is certainly not "back to normal" or a seller's market. Yes, you may sell your home for less now. However, you may also buy for less as well. We hope you enjoy receiving these updates on the Wisconsin real estate market. For information on specific cities in Wisconsin, please make a request as a comment. Happy New Year!
Friday, December 18. 2009
"Dane County Home Sales More Than Doubled in November From Year Ago"
Madison Capital Times (WI) (12/16/09) Novak, Bill
South Central Wisconsin MLS data shows that Dane County home sales soared 111 percent last month compared to November 2008 as buyers scrambled to get their homes purchased before the federal tax credit incentive was to have expired. The year-over-year sales gain marked the fifth consecutive month in which Dane home sales were better in 2009 than in 2008. As a region, South Central Wisconsin home sales jumped 81.7 percent in November versus the same month a year earlier. Nevertheless, the number of homes for sale lags behind 2008, with 4,336 homes on the selling block as of Nov. 30 in Dane County -- an 11.8 percent decrease. It should be noted that almost 60 percent of the residences available for sale in south central Wisconsin were priced under the $200,000 mark. Taken from the Realtor Newswire Weekly put out by The Wisconsin Realtors Association.
Wednesday, November 11. 2009
Statistics for Single Family Home sales in the Wausau, Wisconsin area from 2004 and 2008 are documented in the pdf below. Thank you to Ron Zahrt, First Weber Wausau, for providing these Wausau real estate statistics. It is no real surprise that home sales are down in Wausau since 2004. Yet this year's sales so far are pretty close to sales in 2008. Sales also have been noticeably steady in 2009 with less seasonal ups and downs than previous years. The fall real estate market remains good. In fact, if we look at September-October sales for the last 6 years, October 2008 and October 2009 were the only years where sales increased during those months. We predict a strong finish for 2009. In all of 2008, 1249 Wausau area single family homes were sold. So far (as of Oct 31, 2009) 1010 units were sold. With the extended and expanded homebuyer tax credit it is probable that First Weber Group will end 2009 ahead of last year. If you have questions relating to Wausau real estate, please let us know.
Wednesday, November 11. 2009
The real estate market in most of the counties in Metro Milwaukee is becoming more balanced. The third quarter stat report from the Metro Milwaukee MLS ranks counties from a 1 (buyer's market) to a 5 (seller's market). We're happy to report that Milwaukee County, Waukesha County, Ozaukee County, and Washington County are ranked as 3, indicating balanced. Racine County was ranked as 2, showing a slight lean to the buyer's market side. The "days on market" for all these counties went down slightly, meaning it took less time to sell. Third quarter, 2009 sales in Milwaukee, Waukesha, Ozaukee, Racine and Washington Counties were all up over second quarter, 2008 as shown below: | County | # homes sold 2nd Q 2008 | # homes sold 3rd Q 2009 | | Milwaukee | 1578 | 1730 | | Waukesha | 827 | 985 | | Ozaukee | 179 | 214 | | Racine | 390 | 413 | | Washington | 265 | 289 |
The Homebuyer tax credit was extended and expanded to include current homeowners. This should have an additional boost on sales. When you're ready to search for a new home, please do so at firstweber.com
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!
Thursday, September 24. 2009
 Real estate sales data from South Central Wisconsin Multiple Listing Service for August 2009 in Dane County
| Dane County | 2009 | 2008 | 2007 | | # of New Listings | 921 | 1034 | 1124 | | # of Sales | 581 | 577 | 765 | | Average Sales Price | 235,975 | 252,705 | 256,920 | | Median Sales Price | 212,352 | 221,500 | 223,347 | | Total active Residential properties at end of August, 2009 | 4655 | 5231 | 5342 |
Across the whole South Central WI MLS system in August, 978 single family homes were sold with an average price of $185,831. A break out of some price ranges follows: 2 million dollar+ homes sold. 18 homes from $500,000-$749,999 sold. 166 homes listed between $200,000-$249,999 sold. 76 homes between $100,000 and $119,999 sold. 31 houses between $70,000-$79,999 sold. If there are specific statistics in a certain county, town or subdivison you are interested in, please comment below. Let us know how we can help you and thanks for reading.
Tuesday, September 22. 2009
We all know home prices are fantastic now - but what about the job market? If you are looking to buy but are holding back due to employment concerns, the H.E.L.P. (Homeowner Education and Loan Protection) program may ease your mind a bit. First Weber sellers who want to offer the H.E.L.P. program as a way to market their property in today's market may do so. Buyers writing offers to purchase with First Weber agents may request in their offer that H.E.L.P. coverage be provided by any seller. It is up to the seller to accept and offer the coverage. Read all the details about the Job Loss Protection program here. Does the program sound interesting to you? Talk to your agent about the program or send us a question or comment. Disclosure: First Weber Group does not run this program. It is run by The Rainy Day Foundation and here are their pages on the program. We are happy to offer it to First Weber sellers and buyers who work with us and request it and we hope it helps more buyers get into homes.
Friday, September 18. 2009
Sales of Single Family homes in Wausau, WI have been stable over the past few months. While less were sold than in recent years, stability in the Wisconsin real estate market is a good thing. In fact, August of 2009 Wausau area home sales almost matched sales of August 2008 - very close! The average "Days on Market" for 2009 in the Wausau area varied from a high of 156 days to a low of 129 days. So far this year, 772 residential homes were sold in the Wausau area. 128 sold in August, the highest so far this year. Thanks to Ron Zahrt for providing the Wausau area real estate sales data shown below. Bar_Chart_of_sales__August_09.pdf
Tuesday, August 18. 2009
Home Prices Increase in 22 Metro Areas and Milwaukee, Wisconsin leads the way. Listed are 10 metropolitan areas where prices increased the most from April to May of this year:
1. Milwaukee, Wis., 4.9 percent
2. Charlotte, 4.7 percent
3. Boston, 4.6 percent
4. Cleveland, 4 percent
5. Washington, D.C., 3.7 percent
6. St. Louis, 3.3 percent
7. Columbus, Ohio, 3.2 percent
8. Seattle, 2.8 percent
9. Denver, 2.3 percent
10. Philadelphia, 1.8 percent
Source: Radar Logic (07/23/2009) See original posting by REALTOR.org
Wednesday, August 12. 2009
Wisconsin Homebuyers Tax Credit Program shares Positive news for Wisconsin! "Sales jumped 20% of more in Idaho, Hawaii, New York, Wisconsin and Nebraska during the second quarter, when compared to the first three months of the year." Read more here http://cli.gs/LdT6Br
Monday, August 10. 2009
The real estate market in Wisconsin seems to be turning around and is on the upswing. How many people are happy about that? The last 2 months in Milwaukee real estate sales have beaten 2008's Wisconsin real estate sale numbers. Have a great real estate experience with one of the First Weber Group agents? Become a fan of First Weber. Are you on Twitter? If you are interested in Wisconsin real estate, follow First Weber Group at twitter.com
Monday, August 10. 2009
South Central WI real estate statistics show almost 1300 homes & condos sold in June 2009. (stats courtesy of SCWMLS) Breakouts are below: 158 homes with 2 bedrooms or less sold that month, with the majority of them being in the $80,000-$249,900 price range. The average sales price for 2 bedrooms or less was $121,203 648 homes with 3 bedrooms sold that month, with the majority of them in the $120,000-$299,900 price range. The average sales price was $175,452. 311 homes sold in June 2009 with 4 bedrooms or more. The most popular price range was $$160,000-$399,900 and the average sales price was $241,145. 171 Condos/Co-ops were sold during June 2009 with the majority being in the $100,000-$250,000 price range. The average sales price was $169,616. On the listing side, There are just over 10,700 single family homes for sale in this MLS and 3034 Condos. Plenty to choose from and the prices are right! If there are specific real estate statistics you are looking for in South Central Wisconsin, (or almost anywhere in Wisconsin) please leave a comment or ask a question. We'll do our best to provide the answers you are looking for. Thanks for reading First Weber's Wisconsin real estate blog.
Monday, August 10. 2009
 NAR reports Pending home sales are up for the fifth consecutive month nationally! Affordability is excellent, the First Time Home Buyer Tax credit window of opportunity is narrowing (you must close by November 30, 2009). Think it is going to be a very exciting fall market!
If you're ready to buy Wisconsin real estate, now is a very attractive time. Check out what's available on firstweber.com. Remember, here you will find listings all over Wisconsin, not just our own! Good luck and let First Weber Group know if we can assist you in any way.
Wednesday, July 29. 2009
Interested in what's going on in the Wisconsin real estate market? Check out the statewide WRA housing statistics for the first and second quarter of 2009. Select the region you are interested in, then the county. For more specifics, send a comment or a question and a First Weber agent can provide the data you are looking for!
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