Out with the Old and In with the New!

Our Market in Southern Wisconsin has shown some encouraging signs in the last half of 2011.  Single Family Home Sales in our immediate local market of Rock County, Wisconsin Increased by 25% in the last six months of the year compared to the last six months of 2010.  And that is without all of the numbers in yet!  Those last 6 months of 2011 produced 738 sales as of this last day of the year, versus 590 for the same period 2010.

Finally, in addition to sustained growth in sales, average sales prices did not decline for the period over last year.  As a matter of fact, they increased slightly.

Short Sales and REO's accounted for 24% of the number of sales in the last 6 months; identical to last year.  However, This year short sales were about 16% of that total versus approximately 7% last year.   It looks like the lenders have improved their processes for approving short sales.  Plus, I think they have seen the value of a short sale over foreclosure.  Our Short Sale prices are about 30% higher than those sold as REO (Bank Owned) properties.

If tighter lending requirements were loosened a little, and interest rates stay low, we could see a year of improvement for 2012.

Happy New year to All!

Jerry Morse, Broker

The Morse Company

Staticscal Source:  RockGreen MLS  

Just Comfortably and Cozy

2009 S. Marion, Janeville, Wisconsn 5346

A Great Opportunity for a nice family home

This Three Bedroom Ranch has an eat in kitchen, two car garage with fenced yard for pets and little ones, and a finishd basement.  You will enjoy the convenience of shopping, and busline nearby.  Patio doors lead to a deck off the dining area.  It is close to the University of Wisconsin Rock County Campus.

Priced at only $74,900

Contact Jerry Morse for Details or a Showing

608 754-5300

morserealestate@hotmail.com 

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This Older 4 Unit Can be What you need!

$59,900

403 S. Jackson, Janesville, WI

It is Not a Palace, but is a Sturdy Rental.

It has 4 One Bedroom units with appliances and separate utilities.  The rent for each unit is $400.00.

A Pretty Nice Cash Flow Could be yours.

Call for Details:

Jerry Morse, The Morse Company

jerrymorse@live.com

608 754-5300

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Just a Nice Three Bedroom Ranch!

2236 Commons, Janesville, WI  53546

Priced at only $84,900

This is the home that probably would have sold for about $120,000 four years ago!  Take advantage of the low interest rates and great price.  This home has three bedrooms, finished basement, nice yard and deck and peaceful location.

Give Me a Call for a Private Showing:

Jerry Morse, Broker

The Morse Company

608 754-5300

jerrymorse@live.com

www.jerrymorse.com

Licensed in Wisconsin

EQUAL HOUSING OPPORTUNITY

Real Estate activity for Single Family Home sales in Rock County, Wisconsin have shown a 4 Month Improvement.

From August 1, 2011 to November 30, 2011:

The number of Single Family Home sales have increased 27% over the same period last year (2010).  In 2010 there were approximately 406 Sales versus approximately 518 Sales in 2011.

The average sale prices also increased almost 4% over the same period last year.  In the 4 month period last year (2010) the average sales price was approximately $105,257.  For the last 4 months (August through November 2011)  the average sales price was approximately $109,177.

After 4 years of declining prices and diminished activity, it is refreshing to see 4 months in a row of improving market conditions.  Whether this indicates a long term trend remains to be seen.  It might be a sign that prices have bottomed out!  For a market place that had the highest unemployment in our state a year ago we needed a positive sign.

Good news for Now!

Jerry Morse, Real Estate Broker

Source of Information:  SCWMLS 

Wonderful Country Property For Sale with River Access!

Great Home located Minutes from Janesville, WI

Deck and Yard Provide Access to Mother Nature!

This 3 Bedroom Home could be Expanded to 4 Bedrooms.

The Double Deck is for relaxing with Friends and Family after a river boating experience and docking your boat at your own pier.  It has Vaulted ceilings, a master bath, a Hot Tub room and much more! 

Priced at only $179,000.

Contact Jerry Morse

The Morse Company Real Estate

608 754-5300

jerrymorse@gmail.com

EQUAL HOUSING OPPORTUNITY  

Last Year was the year of the "Homebuyer's Tax Credit"  In our market if forced a large number of sales into the First Half of the Year when it ended.  This is the year of return to actual market conditions.

Our Rock County, Wisconsin single family homes sales in the First half of 2011 fell behind the First half of 2010 as expected.  So what has been going on since July 1, 2011?

Home sales have surpassed the number of homes in 2010 for July, August, September and October by about 30%.

In fact, Single Family home sales for the last three months have increased from 314 to 407, a 30% increase!

Better yet, home prices have increased 4%, this year over last year!  This is the 1st period where we have seen home prices rise in our Market Place since the recession began three years ago.  Three months does not mean the market is well.   But, it may be a sign that there is some stability and maybe even that prices have bottomed out.

It is a great time to buy with good prices and low interest rates hovering around 4%.  There is nothing quite like owning your own home!

Good News for us!

Jerry Morse, Real Estate Broker

The Morse Company, 608 754-5300

jerrymorserealestate@yahoo.com

Source:  Rock Green Realtors Association MLS

OPEN HOUSE

SUNDAY, AUGUST 28, 2011

94 S. HARMONY, JANESVILLE, WI 53545

Great living room with plenty of light and great hardwood floors!

And there is nothing like a real wood burning fireplace!

A kitchen for the Gourmet oook!

A Quick meal in the Dining Area!

Or a more Formal Meal with Friends!

Maybe a Little Reading Time in the Library!

Must be time for a little fresh Air!

Oh Well, I guess it is time to come back inside!

Come see all the wonderful features of this fine home!

Jerry Morse

The Morse Comany

1341 N. Wright Road

Janesville, WI  5346

jerrymorse@gmail.com

608 754-5300

EQUAL HOUSING OPPORTUNITY! 

OPEN HOUSE, AUGUST 21, 2011

12:00 TO 2:00 PM

3733 LUCEY STREET, JANESVILLE, WI

PRICED AT ONLY $157,400

COME TAKE A LOOK AT THIS THREE BEDROOM RANCH THAT PROVIDES OVER 2,500 SQUARE FEET OF FINISHED LIVING AREA!

FENCED YARD WITH DECK AND ARBOR FOR ENTERTAINING OR KIDS OR PETS.  ENJOY THE OPEN FLOORPLAN WITH CATHEDRAL CEILINGS, FIRST FLOOR LAUNDRY.  ALL NEW WINDOWS INSTALLED IN JUNE 2011 AND A BRAND NEW WATER HEATER!

PLAY POOL?  THE POOL TABLE IS INCLUDED IN THE LOWER LEVEL REC ROOM WITH BAR AND FULL BATH!

OFFICE SPACE AND A HOBBY ROOM ARE ALSO LOCATED IN THE LOWER LEVEL.

COME TAKE A LOOK!

FOR DETAILS CALL JERRY MORSE

THE MORSE COMPANY

608 754-5300

www.jerrymorse@gmail.com  

www.jerrymorse.com

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OPEN SUNDAY, AUGUST 21, 2011

12:30 TO 2:00 PM

512 E. BELOIT, ORFORDVILLE, WI  53576

This is that cozy, comfortable, easy to Maintain 2 Bedroom Home you have always been looking for!

Owner has done many upgrades in the last eleven years to help make this home maintenance free.

Finished basement has a Great Rec Room with lots of storage and a full bath.

The pretty back yard has a storage shed and great garden space.

Located in Orfordville with easy commutes to Beloit, Janesville, Brodhead or Madison, WI

Priced at only $105,900

CALL JERRY MORSE FOR DETAILS

608 754-5300

jerrymorse@gmail.com

www.jerrymorse.com

EQUAL HOUSING OPPORTUNITY