Keith Manson's Blog

Muskego Market update for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:32:48 -0700

There were 18 sales with an average price of $263,627 with an average list to sales ratio of 95.71% and an average time on the market of 109 days. There are also 14 accepted offers with future closing dates.

In August there were 18 sales with was 28% fewer than in 2009 and in July there were 61% fewer sales when compared to 2009 activity. In August the listing activty increased 55% when compared to 2009 activity or a total of 59 properties. Fewer sales and more listings!

There are currenlty 282 listings with an average list price of $300,573 and 207 days on the market.

New Berlin Real Estate Market Activity for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:31:33 -0700

There were 34 sales with an average sales price of $229,905 with a list to sales ratio of 94.37%. There are also 21 accepted offers with future closing dates.

In August 2010 there was only one fewer sale than there was in 2009. However, in July the sales were down 63%. August 2010 the new listing increased by 9 when compared to 2009 results or 62 new listings.

There are currently 305 properties listed with an average list price of $254,617 with an average time on the market of 189 days.

Waukesha Real Estate Market Activity for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:30:42 -0700

There were 47 sales with an average sales price of $195,639 with an average list to sales price of 95.78% There are also 36 accepted offers with future closing dates.

In august the sales were down 36% when compared to 2009. In july the sales were down 55% when compared to 2009. In addition the new listings added increased by 18% over 2009 numbers or 165 new listings added.

There are 810 listings with an average list price of $223,543 and a average time on the market of 183 days.

West Allis Real Estate Market Activity for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:29:27 -0700

There were 38 sales with an average sales price of $121,257 and a list to sales ratio of 94.55%. There are also 35 accepted offers with future closing dates.

In August 2010 there were 38 sales which was 23 fewer than in 2009. In July the sales were 43% fewer than in 2009. Also in August the listing activity increased by 11 more new listings than were added in august 2009 or a total of 125 new listings.

There are currently 538 properties listed with an average list price of $158,318 and a average time on the market of 150 days.

Wauwatosa Real Estate Activity for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:28:25 -0700

There were 32 sales with and average sales price of $208,980 and a list to sales ratio of 97.63%.
There are also 12 accepted offers with futures closing dates.

In August there were 33 sales which is 46% fewer than were in 2009. In July the sales were down 50% when compared to 2009. During August the new listings were with 10% of the the listings added in 2009. So fewer sales and more listings.

There are 370 listings with an average list price of $233,781 and a average time on the market of 156 days.

South Milwaukee Real Estate Activity for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:27:21 -0700

There were 15 sales with an average sales price of 115,085 or 94.09 % of list price. In addition there are 12 accepted offers with future closing dates.

In August 2010 the sales were within 1 of sale results in 2009. In July there were 70% of what was accomplished in 2009. Also in August the new listing added were 29% less than last year in August.

Currently there are 173 properties listed at an average list price of $165,259 and they have been on the market an average of 354 days.

Oak Creek Real Estate Market Activity for August 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 06 Sep 2010 20:26:21 -0700

There were 19 sales with an average sales price of $181,258 and a list to sales ratio of 94.74%.
Twelve properties have accepted offers with future closing dates.

In august there were 23 sales compared to 30 sales in 2009 during the same month. July the sales were down 53% from July 2009 results.

The listings added in August were 44 new properties which is 8 fewer than was added in 2009.

Currently 288 properties are listed with an average list price of $198,167 and they have been on the market an average of 282 days.

Muskego Real Estate Market Summary Update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 11:17:03 -0700

There were 27 sales with an average sales price of $257,583 with a list to sales price of 97.43% and 146 days to sell. There is also 11 properties with accepted offers with future closing dates.

In june 2010 the sales were up by 2 units with the same number on new listings added in 2010 as in 2009 which was 51.

There currently 264 listings with an average list price of $299,914 and with an average time on the market of 208 days.

This year there has been 24 more sales year to date than last year with only one down month which was March.

Greenfield Real Estate Market Update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 10:55:29 -0700

There were 40 sales with an average sales price of $153,446 and 95.91% list to sales price and an average 151 days to market. There is also 17 accepted offers with future closing dates.

In 2010 the sales were down 19 sales when compared to 2009 and new listings were down 20.

There are currently 533 listings with an average list price of $168,150 with an average time on the market of 163 days.

June 2010 was the first down month for sales when compared to 2009 result. Year to date there has been 87 more sales than in 2009.

New Berlin Real Estate Market Summary Update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 10:40:02 -0700

There were 34 sales with an average sales price of $238,029 with a list to sales ratio of 96.67% and 92 days on the market. There are also 21 accepted offers with future closings.

There are 13 fewer sales in June 2010 than in 2009 and 6 fewer listings added.

There are currently 316 listings with an average list price of $251,979 and 173 days on the market.

Waukesha Real Estate Market Summary Update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 10:33:05 -0700

There were 62 sales with an average sales price of $204,184 with a list to sales ratio of 95.88% and 84 days. There were also 28 accepted offer with future closing dates.

There were 22 fewer sales in june 2010 than in 2009. However, there were 11 more listings added than in 2009.

There are 783 listings with an average list price for $245,615 with an average of 195 days on the market.

Year todate there has been 58 more sales in 2010 than in 2009.

South Milwaukee Real Estate Market Activity update Summary for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 10:19:20 -0700

There was 19 sales in June with an average sold price of $120,315 with a list to sales ratio of 96.12% and 178 days on the market. There are also 13 accepted offers with future closing dates.

In June there were 2 more sales than in 2009 and 9 fewer listings that were added when compared to last year results.

There are currently 179 listings with an average list price of $165,320 and a average time on the market of 337 days.

The sales in results in South Milwaukee have consistently beat 2009 results in 2010. The only month sales were less than in 2009 was in January. There have been 25 more sales in 2010 than in 2009.

Oak Creak Real Estate Market Activity Summary update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 10:09:53 -0700

There were 27 sales with an average sales price of $205,868 with a list to sales ratio of 95.16% and an average of 213 days on the market. There were also 14 accepted offers with future closing dates.

In June 2010 the sales were down by 11 units or 29% when compared to 2009. There were also 13 fewer new listings added this year when compared to last year.

There are currenly 284 listings that have been on the market 275 days.

Year to date the sales have been 11 higher this year when compared to last year, mostly due to the tax credit

Brookfield Real Estate Market update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 09:50:19 -0700

There were 43 sales with an average price of $287,251 with an average market time of 162 and a list to sales ratio of 95.57%. There were also 19 accepted offers with future closing dates.

In June 2010 there were 21 fewer sales than in 2009 and there were 40 fewer listings added this year in June.

There are currenly 506 listings with an average time on the market of 247 days.

Year to date there has been 11 more sales in 2010 than in 2009. So it will be interesting in the next months to see how the results of the two years will compare and the effect that the tax credit might of had on the brookfiled market.

Waukesha Real Estate Market Summary Update for June 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 09:41:09 -0700

There were 57 sales with an average sales price of $227,922 with 78 days on the market and a list to sales ratio of 96.70%. There were also 22 accepted offers with future closing dates.

In June the sales were down 13 sales when compared to 2009 and new listings were up 9 in the same period.

There are currently 362 listings with an average list price of $238,705 with an average time on the market of 151 days.

Wauwatosa results this year have been significantly better than last year. There has been 44 more sales this year than last year. In june the sales were down but year to date sales have been up.

June 2010 Real Estate Market Activity for Milwaukee, Wisconsin

Keith Manson (First Weber Group/short sale/cdpe/gri) — Sun, 04 Jul 2010 09:27:25 -0700

There were 391 sales in June with a average sales price of 120,715. The average time on the market was 134 days and the list to sales ratio was 95.80%. There are also 291 accepted offers with future closing dates.

In June 2010 the sales were 200 fewer than in 2009 or a 34.2% decline. However there was also a decline in new listings added in 2010 of 233 listings when compared to 2009.

There are currrently 4915 listings with an average list price of $170,241 and average time on the market of 211 days.

Benefits and Draw Backs of Foreclosure and Short Sales

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 12:08:14 -0700

There were 32 sales with an average sales price of $277,810 and a list to sales ratio of 92.96% with 164 days on the market. There are also 24 active offers with future closing dates.

Sales activity was up in May 2010 with a 114% increase when compared to 2009! In addition there were 13% fewer new listings added.

There are currently 257 properties listed with an average list price of $302,628 with an average time on the market of 210 days.

GREAT TO SEE THE SALES

Milwaukee Real Estate Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 12:00:42 -0700

There were 446 propertis sold with an average price of $120,058 and a list to sales ratio of 94.41 % and on the market 126 days. There are also 359 accepted offers with future closing dates.

There was a significant reduction is sales activity in May 2010 when compared to 2009. There were 27% or 137 fewer transactions. In addition the new listings were reduced by 25% or 283 properties.

There are currently 4844 listings with an average list price of $171,272 and an average of 211 days on the market.

Wauwatosa Real Estate Market Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 11:42:01 -0700

There were 72 properties sold with and average sales price of $209,702 with a list to sales ratio of 96% and 167 days on the market. There are also 39 accepted offers with future closing dates.

There were 6 fewer sales this may when compared to last year and the new listing activy declined by 40% or 38 properties.

There are currently 350 properties listed with an average list price of $237,062 and have been on the market 152 days.

Brookfield Real Estate Market Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 11:34:27 -0700

There were 48 sales with an average price of $300,964 and a list to sales ratio of 95.65%. In addition there are 29 accepted offers with future closing dates.

The sales activity was consistent with 2009 activity and the new listings were down 31% or 78 properties.

There are currently 500 properties listed with an average price of $363,933 and have been on the market 259 days.

Oak Creek Real Estate Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 11:27:48 -0700

There is 41 sold properties with an average price of 206,828 with a list to sales ratio of 96.24% and 126 days on the market. There are also 19 accepted offers with future closing dates.

In May 2010 there was a significant increase when compared to 2009. There was a 50% increase in sales activity and a 35% or 22 property new l decrease in new listing activity.

There are currently 289 properties listed with a average price of $198,048 and on the market 274 days.

Waukesha Real Estate Market Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 11:18:58 -0700

There were 98 sales with an average price of 197,178 and a list to sales ratio of 93.09% and 115 days on the market. There are currently 46 properties with accepted offers with future closing dates.

The sales in May 2010 were consistent with the activty in 2009. However, the newly added listings declined by 39.5 % or 79 properties when compared to may 2009.

There are currently 777 properties listed with a average list price of $243,535 and 193 days on the market.

South Milwaukee Real Estate Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 11:05:14 -0700

There were 23 sales with an average price of $133,206 and a list to sales ratio of 97.37%. The average time on the market was 189 days and there are currently 14 accepted offers with future closing dates.

There were 2 mores this year in may than last year. However, the new listings added declined by 35% or 16 properties.

There are currently 182 properties listed with an average list price of $163,379 and a average time on the market of 350 days.

New Berlin Real Estate Market Activity for May 2010

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 10:55:40 -0700

There were 42 sales with an average price of $235,141 with a list to sales ratio of 93.75%. The average time on the market was 126 days. There are currently 20 accepted offers with future closing dates.

May 2010 sales were consistent with 2009 sales. However, the new listing added where down 23% when compared to 2009. This month reflects the 2nd time there has been a reduction in new listing in as many months. Will be a interesting trend if it continues.

There are currently 309 active listings with an average list price of $257,197 and 158 days on the market.

May 2010 Real Estate Market Activity for Greenfield , Wisconsin

Keith Manson (First Weber Group/short sale/cdpe/gri) — Mon, 31 May 2010 10:43:15 -0700

There were 32 sales with an average sold price of $168,551 and a list price to sales price ratio of 97.85%. The average time on the market was 109 days. There are currently 18 accepted offers with future closing dates.

May 2010 sales where consistent with 2009. However, the new listings added in May declined 53% or 41 properties when compare 2009.

There are currently 308 properties listed with an average list price of $189,477 and an average time on the market of 199 days.