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Entries tagged as wisconsin real estate statistics
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.
Thursday, February 4. 2010
Virtually no home value in Wisconsin has been immune to the economic downturn, or as I more light-heartedly heard it called, "global bummer." However, the worst may be over and if you have been reading the First Weber blog for a while we have been reporting many solid months of Wisconsin real estate sales in recent months. Despite that good news, the potential for future foreclosures as referenced in this Real Trends article hints we are not in the clear yet. Good news, bad news. There's lots of hope and Wisconsin real estate expertise are at your fingertips....If you would like information on home values in your area, we have the Realtors to help in just about any Wisconsin city or town you live in. Just ask us!
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.
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.
Wednesday, July 1. 2009
That's good news for property owners in Milwaukee and Madison. People want to live here. As reported on JSOnline.com, Madison leads the state in growth. Madison Mayor Dave Cieslewwicz said "Madison remains a very desirable place to live and positive growth rates like this reflect that high quality of life." Madison, Wisconsin saw a 10.7% increase in population from 2000  to 2008. Another way to say that is an additional 22,491 chose Madison, Wisconsin as the place they wanted to live. Milwaukee population increased by almost 8,000 in that same time period, remaining Wisconsin's largest city, ranking the 23rd largest city in the United States. Other Wisconsin statistics of note are shown in this image (photo credit Journal Sentinel via jsonline article)
Friday, April 11. 2008
PMI Mortgage Insurance Company recently published a report called United States Market Risk Index. In it, the 50 largest metro areas (MSAs) across the country are given a US Market Risk Index score which predicts the probability that house prices will be lower in 2 years than they are at the time of the report. The worst markets, including Las Vegas and Phoenix, have a Risk rank of 1, or High. Their PMI US Market Risk indexes (percentage of probability that prices would be lower two years from now) were 91.9% and 84.0% respectively Milwaukee/Waukesha/West Allis Metropolitain Statistical area (the only statistical area in Wisconsin tracked in this report) received a risk rank score of 5 = Minimal risk. The PMI US Market Risk Index for this area was just 1.5%. In other words, according to this report, there is less than 2% chance for price declines in Milwaukee/Waukesha/West Allis MSA the next 2 years. That's the best news I have heard in a long time and hopefully the last piece of the puzzle for any buyer wondering if buying real estate in Wisconsin is a good idea. To move ahead, please contact First Weber Group, we sell real estate all over Wisconsin and can help.
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.
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