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dane county real estate: Dane County pending home sales up 50% in April - 05/01/12 03:30 AM
Dane County home sales (houses, excluding condos) are up by more than 21% this year. Our latest Dane County pending home sales report predicts the rise in sales will accelerate in May. As the graph below shows, the number of listings with accepted offers is up by 50% from the same time last year.
Stay tuned for our pending condo sales report, which will be released very soon.
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com.
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.SearchDaneCounty.com
www.DaneCountyForeclosureSearch.com
… (0 comments)
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dane county real estate: Dane County foreclosures down 14% in March - 04/12/12 04:30 AM
Dane County foreclosures decreased in March after posting increases in the first two months of the new year. March foreclosure filings decreased by 14.4% from the number of filings registered in March of 2011, according to data maintained by the Wisconsin Circuit Court. A total of 107 new foreclosures were filed in March compared to 125 filings a year ago.
Foreclosures in 2012 are currently ahead of last year's by pace by 1.9%.
For our full Dane County foreclosure report, please see the new foreclosures menu at DaneCountyMarket.com . Our report also has information on foreclosure filings for the State of Wisconsin.
If you are interested … (1 comments)
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dane county real estate: March Dane County home sales up over 37%; condo sales down over 9% - 04/11/12 04:26 AM
Here's a review of March Dane County home sales from a historical perspective.
The 355 Dane County home sales recorded in March were 37.1% higher than the 259 home sales in March of 2011, representing the hightest total for any March in the last 5 years. Looking back further in time, last month's sales total was 10th highest for any month of March in the last 22 years.
Here's a review of March Dane County condo sales from a historical perspective.
The total of 75 Dane County condo sales recorded in March was 9.6% lower than the 83 condo sales from March of 2011. Here's how March condo sales have trended over the last 22 years.
Looking ahead: Our pending home sales … (0 comments)
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dane county real estate: Dane County housing starts up 15% in March - 04/05/12 04:28 AM
Dane County housing starts increased from 60 in March of 2011 to 69 this March, a jump of 15%.
Housing starts this March weighed in at the second highest total out of every March over the last 5 years, but remain at historically low levels. We believe housing starts will continue to rise this year, based on trends in the larger market. Locally, we are seeing a noticeable increase in the number of people who are opting to build.
You'll find our full Dane County housing start report on the Market Trends menu at DaneCountyMarket.com.
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.DaneCountyMarketSnapshot.com
www.SearchDaneCounty.com
… (0 comments)
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dane county real estate: Dane County's growing source of home buyers - 04/03/12 03:54 AM
We recently blogged about the big jump in March home sales in Dane County. Our preliminary review of the March 2012 MLS data shows the big influx of home buyers is coming predominantly from the first-time home owner.
In fact, 53% of the sales in March 2012 were for homes priced under $200,000, compared to only 43% in March 2011.
Soon you will see various market reports stating sales were higher in March, but median prices were significantly lower. Lower median prices are exactly what we should expect with the large influx of first-time home buyers. Many more people are buying in the starter … (0 comments)
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dane county real estate: Good news for Dane County real estate - 04/02/12 04:48 AM
The Dane County real estate market is improving in a number of different ways.
Although our final numbers for March are not complete, March home sales will be the highest for any March dating back to 2008. We see this trend continuing, as our latest pending home sales report shows 36% more listings with accepted offers compared to the same time last year. With more buyers and less inventory, 2012 is shaping up to be a better year for sellers.
The bounce is smaller for the condo market, but we expect more condos to be sold in 2012.
Much of the increased purchase … (0 comments)
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dane county real estate: Dane County home sales up 17% in February; condo sales up 27% - 03/12/12 03:38 AM
Here's a review of February Dane County home sales from a historical perspective.
The 185 Dane County home sales recorded in February were 17.1% higher than the 158 home sales in February of 2011, representing the second highest February total over the last 4 years. February 2010 had 200 home sales, but you may remember that number was juiced by the recent home buyer tax credit.
Looking back further in time, the February sales total was lower than the total for every February during the years 1998 to 2008.
Here's a review of February Dane County condo sales from a historical perspective.
The total of 47 Dane County condo sales recorded in February was 27% higher than the 37 condo … (0 comments)
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dane county real estate: First-time home buyer activity is up significantly this year - 03/02/12 04:28 AM
Dane County home and condo sales increased in February, and this trend will continue throughout the Spring buying season. Our latest pending home sales report shows Dane County pending home sales are up 38% from last year. Pending condo sales are up 15%.
Much of the new momentum in this year's market is coming from the first-time home buyer. Consequently many homes priced at $250,000 and under are receiving multiple offers from competing parties - and selling very quickly.
If you are in the market for your first home, be prepared to act quickly. Get your mortgage pre-approval, and work with a full-service buyer agent who will … (3 comments)
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dane county real estate: How Dane County home values have changed - 03/01/12 03:53 AM
According to our recent review of MLS data, the peak year for Dane County home prices was 2006. In 2011, the average Dane County home sold for 11.6% less than its 2006 value.
The results of our study also include the following:
Prices continued to trend lower in 2011. Home values in 2011 decreased by 2.2% from 2010. The average bank-owned foreclosure sold for 28.4% less in 2011 when compared to its previous sale price. The average short sale home sold for 24.7% less in 2011 when compared to its previous selling price. Price trends vary a lot by location. Prices have been very … (0 comments)
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dane county real estate: More Dane County housing starts expected in 2012 - 02/16/12 05:52 AM
Dane County housing starts increased by only two in January, but home builder confidence is at a 4 year high, suggesting we'll see more housing starts in the year ahead.
A number of other factors point to more housing starts in 2012:
1) A trend toward more home buyers entering the market, which will help to reduce the inventory of existing homes.
2) A decrease in the number of active listings, which is beginning to narrow the gap between supply and demand.
3) A trend toward fewer distressed properties entering the market. Foreclosures are a big source of competition for new … (0 comments)
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dane county real estate: Dane County January distressed property index at 29% - 02/15/12 06:45 AM
The Dane County Distressed Property Index was 29% in January. January was the first month in the last 15 with an index below 30%.
Here's how the distressed property index has been trending since 2006.
If you are interested in purchasing a distressed property, we have five foreclosure search tools to assist you with your bank owned (REO) and short sale property search. All five tools are available on our property search menu as well as our foreclosures menu at DaneCountyMarket.com.
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.SearchDaneCounty.com
www.DaneCountyForeclosureSearch.com
… (1 comments)
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dane county real estate: New mobile search at SearchDaneCounty.com - 02/15/12 06:07 AM
Now you can use your mobile device to search for properties and foreclosures for sale at SearchDaneCounty.com. We have many more new search improvements coming soon.
Stay tuned,
Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.SearchDaneCounty.com
www.DaneCountyForeclosureSearch.com
… (0 comments)
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dane county real estate: Dane County January home and condo sales near last year's levels - 02/14/12 07:11 AM
Here's a review of December Dane County home sales from a historical perspective.
The 186 Dane County home sales recorded in January were 1.6% higher than the 183 home sales in January of 2011, and the highest total for the month of January since January of 2007.
Looking back further in time, the January sales total was the 10th lowest out of the 22 Januarys dating back to 1991. Sales in January showed some improvement from a historical context. Previous monthly sales totals in 2011 have ranked at the bottom or very near the bottom when viewed within the context of the last 22 … (0 comments)
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dane county real estate: Madison West Condo Foreclosure for Sale - 02/10/12 07:01 AM
Very nice townhouse with 3 bedrooms, 3 baths in a convenient west side location! Main level has open floor plan with fireplace, dinette and walk-out to your deck! The 2nd level features the 2nd and 3rd bedrooms and full bath. The master bedroom with full bath is on the 3rd level, it's carpeted and has plenty of closet space! The lower level has the laundry area, extra storage and entrance to the 2 car, attached garage. Home being sold "as is".
For pictures and more details visit: www.2021McKennaBlvd.com.
Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.SearchDaneCounty.com
… (3 comments)
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dane county real estate: Wonderful home, gorgeous views, just minutes from Madison - 02/09/12 07:07 AM
Wow! Gorgeous, well cared for home on 13 acres just minutes from Madison! Spectacular views and gorgeous landscaping! 4 BR, 4 BA home with heated, 5 car garage, additional garage, beautiful 3-season porch plus exterior speakers and a fountain! Gorgeous kitchen with huge pantry and living room w/fireplace. Master bedroom with walk-out deck and fantastic walk-thru master bath! Lower level features media room and office/bedroom! This home offers room for everyone and will not disappoint.
For pictures and more details visit: www.4837EnchantedValleyRoad.com.
Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.SearchDaneCounty.com
www.DaneCountyForeclosureSearch.com
… (1 comments)
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dane county real estate: Dane County foreclosures up 19% in January - 02/07/12 07:01 AM
Dane County foreclosures increased by 19% in January, and remain high by historical standards. This graph shows the number of Dane County foreclosures filed in every January dating back to 2004. The 148 foreclosures filed in January of 2012 were up 244% from the 43 foreclosures filed in January of 2004.
We won't be surprised if foreclosure filings rise in 2012. It could be some of the big banks are stepping up the foreclosure process once again, after a slowing down resulting from the "robo-signing" scandal. For example, Bank of America Countrywide (BAC) has had at least 40 foreclosure filings for 3 straight months.
For our full … (0 comments)
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dane county real estate: FORECLOSURE: Fitchburg WI Condo for Sale - 02/04/12 06:15 AM
FORECLOSURE. FITCHBURG WI CONDO FOR SALE. INCREDIBLE VALUE FOR THIS FITCBURG CONDO. Beautiful 2 bed, 2 bath contemporary townhome with loft. Features an open floor plan, private entry, a large 2 car attached garage, screened porch and balcony. The spacious kitchen includes stainless steel appliances, beautiful maple cabinets and a breakfast bar. Living room features a vaulted ceiling, gas fireplace with granite surround, eat-in dining and double doors out to your screened porch. Master bedroom has a walk-in closet with built-in shelving, ceiling fan, full bath with jetted tub, his/her sinks & tile floor. Home being sold "as is".
For more … (2 comments)
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dane county real estate: Rental properties selling at a 32% discount from 2006 - 02/03/12 07:25 AM
The stars have aligned for Dane County multifamily investors.
Rental vacancy rates continue to move to new lows. According to MG&E, the Madison multifamily vacancy rate was just 2.16% in Q4 of 2011, well below the 5.7% vacancy rate from 6 years earlier.
The strong tenant demand for rental housing has allowed many investors to raise their rents over the last several years.
And, Dane County income properties are now selling at a 32% discount from the properties that sold in 2006. Our latest gross rent multiplier report shows the average investor in 2011 could receive the same rental income as the average investor in 2006, … (1 comments)
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dane county real estate: Great feedback for our real estate search tools - 02/02/12 08:00 AM
We've been working hard to improve our offering of real estate search tools. We now have over 30 search tools on the property search page at DaneCountyMarket.com. The feedback has been very positive and the traffic very brisk! During the month of January, our map search tool averaged over 130 visitors per day.
Stay tuned for more search tools coming in the near future!
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com
www.HowWeHelpYouSell.com
www.HowWeHelpYouBuy.com
www.OurRecentSales.com
www.SearchDaneCounty.com
www.DaneCountyForeclosureSearch.com
… (0 comments)
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dane county real estate: Expect higher home sales in 2012, possibly much higher - 02/01/12 07:50 AM
We recently posted on our changing real estate market, and how many well-priced homes are receiving multiple offers and selling very quickly. The numbers back up our observations. Pending home sales and pending condo sales are up 22% and 48%, respectively. Combine the increased demand with lower inventories, and we see 2012 shaping up as a better year for sellers. We expect home sales to increase by at least 10% this year.
Much of the buyer activity we are seeing right now is for properties priced under $200,000. The first-time home buyer market had fallen considerably after the last tax credit … (2 comments)
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Dan Miller
Madison,
WI
More about me…
Keller Williams Realty, Madison, Wisconsin
Address: 3 Point Place, Madison, WI, 53719
Office Phone: (608) 852-7071
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