Shorewood, WI Market Report

What's going on in your local real estate market?

This is a new feature for Milwaukee Real Estate News. I will be frequently updating you on what's going on in different, local markets!

Total Active Listings: 109

Active Single Family: 41
Average Days On Market: 109
Average List Price: $391,473
Average Price Reduction: 5.46%

2008 Sold Single Family: 74 (115/2007)
Average Days On Market: 77 (57/2007)
Average Sale Price: $463,764 ($374,904/2007)
Median Sale Price: $323,300 ($311,000/2007)
Average Price Reduction: 5.86%

Active Condo: 34
Average Days On Market: 333
Average List Price: $314,191
Average Price Reduction: 3.66%

2008 Sold Condo: 24 (33/2007)
Average Days On Market: 150 (124/2007)
Average Sale Price: $203,221 ($218,594/2007)
Median Sale Price: $160,000 ($187,200/2007)
Average Price Reduction: 10.31%

Active Duplex: 26
Average Days On Market: 146
Average List Price: 309,085
Average Price Reduction: 7.02%

2008 Sold Duplex: 12 (14/2007)
Average Days On Market: 91 (98/2007)
Average Sale Price: $268,375 ($288,536/2007)
Median Sale Price: $274,500 ($282,050/2007)
Average Price Reduction: 8.08%

Multifamily: 2
Average Days on Market: 144
Average List Price: $564,000
Average Price Reduction: N/A

2008 Sold Multifamily: N/A (0/2007)

If you would like other community information or information about a specific property, check out the "Recently Sold" page on my website at http://bestmilwaukeehomes.com. If you'd like an overview like this posted about YOUR area, just leave a comment or email me!