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Entries tagged as first weber group
Tuesday, March 11. 2008
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. If you like what you read, please subscribe to our RSS feed! Comments always welcome.
Tuesday, February 19. 2008
We sent out a survey to all First Weber Group SE Wisconsin real estate agents at the end of the year and asked them many questions ...because they are our customers too. We asked about advertising, products they like and dislike and what they feel they needed to do their business better. Most comments were positive. A few weren't, but that is to be expected in a company of this size. We welcomed the input. More than 300 agents responded. A few interesting points gleaned from the survey are: Over 80% of responding First Weber Group agents thought focusing on online advertising/marketing was the way to go. We agree wholeheartedly and are moving in that direction. Also, where agents thought their open house attendees came from was interesting: 43.5% said they came from a Milwaukee Journal Sentinel ad 25% said they came from a local newspaper ad 81.5% said their open house attendees came from a firstweber.com open house 63.6% said their buyers came to their open via open house signage around the property. While these figures are for Southeastern Wisconsin, I would venture the answers would be similar throughout Wisconsin. Do you attend open houses? If so, where do you find the information? What would you like to see in terms of new real estate marketing tools? Hope to hear from you! Please subcribe to our RSS feed if you enjoy reading.
Monday, February 18. 2008
 Luxury property varies widely by market. 
Wisconsin has our fair share...
But not too many like these. The good news about the Luxury market is home prices are on the rise in the high end market and luxury home buyers typically do not need to rely on a mortgage loan - so they can bypass that mess. Two articles that go into more detail can be found at the Institute for Luxury Home Marketing and the original article by Newsweek is here.
Wednesday, January 30. 2008
According to Realty Trac, The US Foreclosure activity is up 75% in 2007. This is a scary number and a scary way to use the statistic. A different way of relaying the same story is that 1.033% of the nations' households is experiencing foreclosure. 1%. Makes you think a little differently, doesn't it. While the increase in foreclosures is not a pretty story and a very real problem, looking at the numbers a different way can do away with much of the sensationalism, doom and gloom reporting you see everyday. We need more positive news. Foreclosure is affecting a very small percentage of the population. While it is true there has been a 75% increase, looking at the big picture provides a better perspective. | Rank | State | Total properties with filing | % of total homes | | 1 | Nevada | 34,417 | 3.376 | | 2 | Florida | 165,291 | 2.002 | | 3 | Michigan | 87,210 | 1.947 | | 4 | California | 249,513 | 1.921 | | 5 | Colorado | 39,403 | 1.919 | | 6 | Ohio | 89,979 | 1.797 | | 7 | Georgia | 59,057 | 1.566 | | 8 | Arizona | 38,568 | 1.516 | | 9 | Illinois | 64,310 | 1.25 | | 10 | Indiana | 27,980 | 1.02 | | | | | | 21 | WISCONSIN | 12,133 | .486, LESS than 1% |
Wisconsin is faring considerably better than the nation and many of our midwest neighbors. A really interesting statistic is that Utah, one of the few states that has seen a decrease in foreclosures, still has a higher foreclosure rate than Wisconsin's at .852% of households.
Tuesday, January 29. 2008
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.
Thursday, January 17. 2008
 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.
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