Wisconsin Real Estate Blog - Statistics for Wisconsin Real Estate

Real estate is a long term investment. Look at the last 10 years here

nospam@example.com (First Weber Group Realtors) — Fri, 09 May 2008 18:36:04 +0000

When you look at the last eleven years of real estate in Wisconsin for several counties, it is an eye opening story. We'll try and put things in perspective. Yes, today is not the height of the real estate market in Wisconsin by any means. But historically, we are truly not in a bad place.

Take a look at Waukesha and Dane Counties below

Waukesha County, Wisconsin

2007 Number of Home Sales 4647

2006 Number of Home Sales 5107

2005 Number of Home Sales 5287

2004 Number of Home Sales 4869

2003 Number of Home Sales 4590

2002 Number of Home Sales 4697

2001 Number of Home Sales 4518

2000 Number of Home Sales 3860

1999 Number of Home Sales 4287

1998 Number of Home Sales 4756

1997 Number of Home Sales 3995

More homes were sold in 2007 than 5 out of the last 11 years

Waukesha County, Wisconsin

2007 Median Sales Price $250,000

2006 Median Sales Price $253,100

2005 Median Sales Price $250,000

2004 Median Sales Price $238,100

2003 Median Sales Price $220,000

2002 Median Sales Price $202,600

2001 Median Sales Price $185,500

2000 Median Sales Price $177,700

1999 Median Sales Price $167,900

1998 Median Sales Price $160,200

1997 Median Sales Price $155,600

Sales price has risen dramatically over the last 11 years, even through this current downturn.

Dane County, Wisconsin

2007 Number of Home Sales 6468

2006 Number of Home Sales 6841

2005 Number of Home Sales 7503

2004 Number of Home Sales 7154

2003 Number of Home Sales 6704

2002 Number of Home Sales 6519

2001 Number of Home Sales 5900

2000 Number of Home Sales 5238

1999 Number of Home Sales 5654

1998 Number of Home Sales 5603

1997 Number of Home Sales 5594

In the last 11 years, 2007 was the sixth best year for number of home sales in Wisconsin

DaneCounty, Wisconsin

2007 Median Sales Price $218,700

2006 Median Sales Price $214,600

2005 Median Sales Price $208,700

2004 Median Sales Price $196,900

2003 Median Sales Price $183,100

2002 Median Sales Price $172,000

2001 Median Sales Price $158,900

2000 Median Sales Price $149,800

1999 Median Sales Price $141,100

1998 Median Sales Price $135,300

1997 Median Sales Price $124,800

Sales price has risen dramatically over the last 11 years, even through this current downturn.

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~Katie Huebschen, Data compliments of WIsconsin REALTORS Association

South Central Wisconsin MLS statistics, January 2008

nospam@example.com (First Weber Group Realtors) — Thu, 17 Apr 2008 16:01:31 +0000

Data provided by SCWMLS

South Central WI MLS SOLD RESIDENTIAL LISTINGS

Jan 1, 2008- Jan 31, 2008

PRICE CLASS/TYPE	0-2 Bedroom	3 Bedroom	4+ Bedroom	Condo/co-op
less than $30,000	6	2	1	0
$30,000-$39,999	3	6	1	0
$40,000-$49,999	1	1	2	0
$50,000-$59,999	6	5	0	0
$60,000-$69,999	6	3	0	1
$70,000-$79,999	6	8	1	1
$80,000-$89,999	1	7	2	1
$90,000-$99,999	1	8	2	4
$100,000-$119,999	13	20	4	7
$120,000-$139,999	10	28	8	9
$149,000-$159,999	8	23	11	5
$160,000-$179,999	7	29	7	13
$180,000-$199,999	1	29	9	5
$200,000-$249,999	4	29	19	8
$250,000-$299,999	3	12	20	6
$300,000-$399,999	2	10	15	3
$400,000-$499,999	1	4	10	4
$500,000-$749,999	1	3	3	0
$750,000-999,999	0	0	2	0
Over 1,000,000	0	0	0	1
TOTALS	80	223	117	68
Average SOLD Price	$129,592	$170,585	$248,079	$201,456

Milwaukee & Ozaukee County show price increases

nospam@example.com (First Weber Group Realtors) — Thu, 20 Mar 2008 19:51:41 +0000

2007 4th Quarter data by county and zip code from the metro Milwaukee MLS system:

Milwaukee County: % of asking price very good. Note several zip codes had value increases, most notably 53204

Zip code	Average price	Price change	# Homes Sold	Average days on Market	% of asking price
53110	$158,200	-1.49%	24	85	97.3%
53129	$209,900	-8.58%	21	82	100%
53130	$235,100	-.97%	10	65	96.8%
53132	$298,900	2.82%	58	91	95.8%
53154	$239,600	-1.80%	44	72	96.8%
53172	$153,900	-10.99	26	93	97%
53204	$106,500	30.84%	15	74	94.1%

Above is a random selection of zip codes. If you would like information on a different zip, please send us a comment and we can provide the info.

Ozaukee County: Ozaukee County real estate showed price increases in many zip codes!

Zip code	Average Price	Price change	Number of homes sold	Average Days on Market	% of asking price
53004	$259,500	44.17%	13	128	93.6%
53021	$435,000	98.05%	4	207	87.9%
53024	$336,200	28.17%	27	97	96.1%
53080	$214,700	-16.23%	3	123	97.1%
53092	$453,100	-4.85%	42	100	94.2%
53097	$667,800	30.86%	12	89	89.9%

Above is a random selection of zip codes. If you would like information on a different zip, please send us a comment and we can provide the info.

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Milwaukee, Wisconsin #1 in price appreciation in the nation per study

nospam@example.com (First Weber Group Realtors) — Tue, 11 Mar 2008 19:11:03 +0000

Radar Logic, a company which reports monthly on housing markets in 25 metropolitan areas has just released data for December 2007. It is big news for metro Milwaukee. Of the 25 markets Radar Logic studies all across the country, 4 markets showed an increase in price per square foot over last year, one market was neutral with no change and 20 markets were down.

Milwaukee, Wisconsin is not only one of the markets that showed an increase but number 1 in appreciation in price per square foot over last year. Number 1. That's fantastic! In addition, Milwaukee Wisconsin has also held the top ranking three out of the last four months and has shown neutral or better growth since January 2006.

Below are the stats for December 2007. Please note Metro Milwaukee is the only Wisconsin market included in the study. This does not mean other Wisconsin markets did not perform as well or better than, just that the data is not included in the report.

Source: 28 day RPX index value for each MSA as of 12/31/07, Radar Logic

Rank	Previous Rank	Metropolitan Statistical Area	Price per square foot	% Change
1	1	Milwaukee	$112.53	4.9%
2	8	Washington DC	$229.39	2.4%
3	5	Charlotte, NC	$95.93	2.1%
4	2	New York, NY	$286.26	1.4%
5	3	Seattle, WA	$216.81	.09%
6	4	Philadelphia, PA	$147.36	-2.0%
7	6	Columbus,OH	$91.19	-2.1%
8	10	Chicago, IL	$169.63	-4.3%
9	18	Jacksonville, FL	$114.40	-4.4%
10	7	San Jose, CA	$437.18	-5.2
11	12	Minneapolis, MN	$143.89	-6.2%
12	17	Detroit, MI	$101.31	-6.7%
13	9	San Francisco	$394.23	-7%
14	13	Boston, MA	$209.83	-7.5%
15	11	Cleaveland, OH	$85.37	-8.2%
16	15	Denver, CO	$133.21	-8.9%
17	19	Phoenix, AZ	$138.76	-10.3%
18	16	Atlanta, GA	$91.03	-11.3%
19	22	Tampa, FL	$120.88	-13.6%
20	20	Miami, FL	$174.13	-14.4%
21	21	Los Angeles, CA	$331.46	-14.7
22	23	San Diego, CA	$269.96	-19%
23	14	St Louis, MO	$88.71	-20.3%
24	24	Las Vegas, NV	$143.29	-21%
24	25	Sacramento, CA	$172.54	-23.7%

It is also interesting to look at the affordability in these major metro areas via the Price per Square foot cost. There are only 6 metro areas with more affordable housing than Milwaukee per the price per sqaure foot numbers in this report.

Things look pretty good for Wisconsin, the snow is starting to melt, and pent-up home buyer demand may explode this spring. Act now while the prices and rates are lower.

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Comments always welcome.

February stats Metro Milwaukee MLS

nospam@example.com (First Weber Group Realtors) — Mon, 10 Mar 2008 15:44:18 +0000

Real estate bought and sold in metro Milwaukee in February, 2008:

MLS-wide, 808 residential properties were sold

Of that total, 476 were in Milwaukee County

216 were in Waukesha County

48 in Ozaukee County

68 in Washington County

135 In Racine County

109 in Kenosha County

61 in Walworth County

62 in Sheboygan County

53 in Manitowoc County

Numbers are in - off of last year but still impressive

nospam@example.com (First Weber Group Realtors) — Mon, 25 Feb 2008 16:07:15 +0000

If you listen to the media, you'd never think more than a few lucky homeowners sold their house. Quite the contrary. First Weber Group had an impressive year despite some new challenges

Statewide, First Weber Group was involved in 12,612 sides (sales or/or listings sold) in 2007

Statewide, First Weber Group had almost 3 billion dollars in sales volume in 2007.

Successful even in a challenging market! That's a lot of real estate... Can we help you in 2008?

More Metro MLS year end stats for Racine and Milwaukee County.

nospam@example.com (First Weber Group Realtors) — Tue, 29 Jan 2008 15:49:43 +0000

More Year end 2007 Metro Milwaukee MLS stats are in.

Look at these stats comparing 2003 and 2007 year end stats. Interesting...

Milwaukee County 2003: Homes sold 11,381. Ave sales price $145,094. Ave Days on Market 63

Milwaukee County 2007: Homes sold 9580. Ave sales price $192,844. Ave Days on Market 91

Racine County 2003: Homes sold 2454. Ave sales price $150,884. Ave Days on market 57

Racine County 2007: Homes sold 2249. Ave sales price $183,651. Ave Days on market 95

Just wanted to share some postive real estate news... you'll note average sales prices increased nicely since 2003!

Have a question? We can get you an answer.

Please subscribe to our RSS feed if you like what you read. First Weber Group Realtors.

Myth Busters - Facts about Today's Housing Market for Dane County Wisconsin

nospam@example.com (First Weber Group Realtors) — Tue, 29 Jan 2008 15:43:57 +0000

Homes are selling. The way the news reads, you'd think not a home has sold in 2007. The facts tell a different story.

Dane County MLS Homes sold:

January - December 2006 = 7,143

January - December 2007 = 6,672

Sale Price to asking price:

2006 = 98.1%

2007 = 97.3%

Average annual home appreciation:

Last 3 years: 5.8

Last 5 years: 5.2%

Last 10 years: 5.6%

All facts are for Dane County, Wisconsin.

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Some year end stats show nice average sales price increases in Wisconsin Real estate prices over the past several years

nospam@example.com (First Weber Group Realtors) — Thu, 17 Jan 2008 19:03:11 +0000

Year end 2007 Metro Milwaukee MLS stats are in. We'll do a few counties at a time. Not better than 2006, but not as bad as the news reports! There are ways to look at the positive side - such as 2007 is one of the top 10 years in Wisconsin real estate history in terms of the number of homes sold. Can you believe that? It is true, homes are still selling.

Look at these stats comparing 2003 and 2007 year end stats. Interesting...

Kenosha County 2003: Homes sold 7. Ave sales price $326,486 Ave Days on Market 136

Kenosha County 2007: Homes sold 12. Ave sales price $445,750 Ave Days on Market 101

Ozaukee County 2003: Homes sold 1277. Ave sales price $183,390 Ave Days on market 92

Ozaukee County 2007: Homes sold 1127. Ave sales price $310,535 Ave Days on market 103

Just wanted to share some postive real estate news... you'll note average sales prices increased nicely since 2003!

Have a question? We can get you an answer.

Thanks for reading - First Weber Group Realtors.

Wausau Area Home Sales for 2007

nospam@example.com (First Weber Group Realtors) — Tue, 11 Dec 2007 22:22:16 +0000

Wausau area homes sales have remained steady for 2007. For the period from 1/1/07 to 12/10/2007 there have been 1501 single family home sales with an average sale price of $147,096. During the same time in 2006, there were 1578 single family home sales with an average sale price of $149,153. This steady market is due to the great expansion going on in the Wausau Area. The unemployment rate is under 4% and the economy remains very active.

Wisconsin Real Estate Third Quarter 2007 statistics. How did your county fare?

nospam@example.com (First Weber Group Realtors) — Mon, 10 Dec 2007 21:01:02 +0000

Believe it or not, people are buying houses now and they are getting good values. Then good things happen all around! Home Buyer stops renting and building equity. Home sellers are then able to complete their purchase and that seller is able to complete their purchase and on and on and on. Save the economy. Buy a home!

Lots of people did in the third quarter of 2007. Listed by county below. Source Wisconsin REALTORS Association

County	Sold in Q2 2007	Sold in Q3 2007	Media sales price Q2 2007	Median Sales price Q3 2007
Ozaukee	322	315	$250,000	$255,900
Washington	531	307	$209,100	$204,200
Waukesha	1504	1380	$252,800	$259,400
Racine	670	597	$165,000	$165,500
Sheboygan	389	354	$145,000	$145,500
Kenosha	637	597	$173,300	$171,700
Milwaukee	2839	2391	$165,700	$165,700
Walworth	433	416	$202,500	$200,000
Portage	210	211	$136,000	$137,500
Marathon	447	419	$134,300	$138,600

Above is just a random sampling. If your county was not listed and you want to know, send us a comment.

Number of Days on Market fall in many Metro Milwaukee communities - a good sign, a good time to buy

nospam@example.com (First Weber Group Realtors) — Tue, 09 Oct 2007 15:29:14 +0000

"Days on Market" fell in many metro Milwaukee communitites - a good sign things are beginning to sell more quickly in Southeastern Wisconsin. If you have been waiting on the sidelines, now is the time to make your move and buy or sell a home.

The following statistics compare days on market for two four month periods in 2007.
(DOM data shown encompasses listings in the entire Metro Milwaukee MLS. )

Source DOM Analysis report Metro MLS. Single Family Homes, status SOLD, 2/1/2007-9/29/2007 Dodge, Jefferson, Milwaukee, Ozaukee, Racine, Waukesha, Washington Counties

LISTINGS IN	Feb. 1 - May 31, 2007	June 1 - Sept 29, 2007
	Days on Market	Days on Market

ASHIPPUN	125	121
BROOKFIELD	80	73
BROWN DEER	94	71
CALEDONIA	86	82
CEDARBURG	107	65
DELAFIELD	104	83
DOUSMAN	146	72
ELM GROVE	90	82
EAGLE	111	105
ERIN	132	63
FARMINGTON	156	93
FORT ATKINSON	156	68
FOX POINT	114	75
FRANKLIN	81	74
GENESEE	101	75
GERMANTOWN	73	70
GLENDALE	92	73
GRAFTON	102	87
GREENFIELD	68	64
HARTFORD	92	61
HARTLAND	78	73
LISBON	98	72
MENOMONEE FALLS	83	67
MERTON	101	99
MEQUON	118	89
MILWAUKEE	76	68
MUKWONAGO	91	70
MUSKEGO	86	83
NASHOTAH	76	62
NEW BERLIN	73	70
OCONOMOWOC	91	83
PORT WASHINGTON	81	55
RACINE	85	83
RICHFIELD	88	70
RIVER HILLS	136	41
ST FRANCIS	77	75
SUSSEX	101	49
THEINSVILLE	86	79
WALES	118	74
WAUWATOSA	70	56
WEST ALLIS	63	55
WEST BEND	91	71
WEST MILWAUKEE	108	102

Real Estate statistics for August from REALTORS Association of South Central Wisconsin

nospam@example.com (First Weber Group Realtors) — Wed, 03 Oct 2007 19:06:05 +0000

The following information was received from John Deininger, EVP of the REALTORS Association of South Central Wisconsin and South Central Wisconsin MLS Corporation.

August new listings in Dane County fell by slightly over 17% from last year. This reflects a drop of 236 fewer “new listings” than in August of 2006 and 237 fewer than 2005.
Dane County reported sales were about 6% under August of 2006, a slight improvement over the year-to-date drop of 6.6%.
The average sale price and median sale price for Dane County maintained it’s year-to-year and year-to-date increase over 2006 numbers, in contrast to a much publicized media message.
The total number of “active” Dane County listings is now slightly lower than this same time last year.
Sauk County is only off 8 reported sales from the year to date numbers of 2005, and only 35 sales off 2006 numbers.
Sauk County had 15.38% fewer “new listings” year-to-date than last year, which has reduced the total “active” listing total to the same level (minus 1) than August of last year.
Columbia County reports a drop of only 4.6% in reported sales from 2006 year to date numbers, or 25 units.

We are seeing a trend toward a more traditional number of active listings. All of our reporting counties show a decline in the rate new listings are coming in, which has stabilized the size of the available inventory. Sales have lagged behind 2006 levels in most of our Counties, but the region has fared better than many parts of the country.

Thank you for the stats, John.

Wisconsin foreclosures well below national average

nospam@example.com (First Weber Group Realtors) — Thu, 27 Sep 2007 16:41:02 +0000

According to the UW Extension's Economic Snapshot and realtytrack.com, Wisconsin fared much better than the rest of the nation in the number of foreclosures in the first half of 2007.

The national average for foreclosure is stated as 1 out of every 143 homes

The Wisconsin average for foreclosure is stated as just 1 out of every 422 homes

The Dane County average for foreclosure is stated as 1 out of every 460 homes.

Milwaukee County was the closest to the national average with average foreclosure rate of 1 out of every 171 homes.