What's going on in your local real estate market?
Active Single Family: 79
Average Days On Market: 111
Average List Price: $419,611
Average Price Reduction: 7.09%
2008 Sold Single Family: 186 (231/2007)
Average Days On Market: 80 (65/2007)
Average Sale Price: $390,695 ($395,342/2007)
Median Sale Price: $318,500 ($308,900/2007)
Average Price Reduction: 6.2%
Active Duplex: 2
Average Days On Market: 165
Average List Price: $354,000
Average Price Reduction: 7.6%
2008 Sold Duplex: 1 (1/2007)
Average Days On Market: 163 (214/2007)
Average Sale Price: $260,300 ($332,500/2007)
Median Sale Price: $260,300 ($332,500/2007)
Average Price Reduction: 1.97%
Active Condo: 10
Average Days On Market: 431
Average List Price: $318,770
Average Price Reduction: 10.95%
2008 Sold Condo: 12 (18/2007)
Average Days On Market: 217 (85/2007)
Average Sale Price: $302,900 ($209,033/2007)
Median Sale Price: $140,400 ($139,450/2007)
Average Price Reduction: 7.27%
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!
Tuesday, December 23, 2008
Monday, December 22, 2008
Recently Sold
Want to know what it sold for?
Don't forget that you can request a sold homes report for your neighborhood from http://BestMilwaukeeHomes.com! Simply check the box of the community of interest, type in a zip code or even request a specific address and get a quick report of the sold activity in the past 12 months!
Don't forget that you can request a sold homes report for your neighborhood from http://BestMilwaukeeHomes.com! Simply check the box of the community of interest, type in a zip code or even request a specific address and get a quick report of the sold activity in the past 12 months!
Thursday, December 18, 2008
Rates are falling! Rates are falling!
Are 4.5% interest rates a possibility? And what does that mean to you?
Lower rates may finally get buyers off the fence to buy your house or, with unemployment on the rise, may just stimulate the refi market. Either way, someone benefits. We can only hope it gets things moving a long again.
I've long felt that the bubble bust in the midwest - our market - has been the result of national media crying, "The sky is falling!" and creating a self-fulfilling prophecy - hysterical, knee-jerk reactions. Unfortunately, people take to bad news more than the good. So, crying, "The market is rebounding!" just won't have the same impact.
If only people would just realize that we aren't in California, Florida or Arizona!
JSOnline Article about interest rate impact >
Lower rates may finally get buyers off the fence to buy your house or, with unemployment on the rise, may just stimulate the refi market. Either way, someone benefits. We can only hope it gets things moving a long again.
I've long felt that the bubble bust in the midwest - our market - has been the result of national media crying, "The sky is falling!" and creating a self-fulfilling prophecy - hysterical, knee-jerk reactions. Unfortunately, people take to bad news more than the good. So, crying, "The market is rebounding!" just won't have the same impact.
If only people would just realize that we aren't in California, Florida or Arizona!
JSOnline Article about interest rate impact >
Wednesday, December 17, 2008
Library Square Condos in Trouble?
Bank Forecloses on Cudahy Condos
The Journal Sentinel reported today that M & I Bank has foreclosed on the Library Square condominiums in Cudahy. It seems only one unit has sold so far. These units could be a great bargain for savvy buyers, now that they will be sold by the bank! Currently, there are 1-2 story, apartment style units listed from $135,000 and townhouse style units listed from $210,000.
Journal Sentinel Article >
The Journal Sentinel reported today that M & I Bank has foreclosed on the Library Square condominiums in Cudahy. It seems only one unit has sold so far. These units could be a great bargain for savvy buyers, now that they will be sold by the bank! Currently, there are 1-2 story, apartment style units listed from $135,000 and townhouse style units listed from $210,000.
Journal Sentinel Article >
Wednesday, December 03, 2008
OK, this is cool!
MLS redeems itself
Imagine my surprise when I logged in to my MLS yesterday and discovered a cool, new feature - Client Portals!
What is a "client portal" you may ask? I don't know - but they look cool! From what I can tell (from my brief toying around) is that clients who have saved searches set up with me can now have their own password-protected custom search results page. Instead of having to go back and weed through all of those old emails for a listing you saw - only to find out that the page "expired" - now those listings can all be found in one place.
So, beginning tomorrow, I'll be setting up portal pages for all of my Hot Market clients and customers. How cool is THAT?
Stay tuned...
Imagine my surprise when I logged in to my MLS yesterday and discovered a cool, new feature - Client Portals!
What is a "client portal" you may ask? I don't know - but they look cool! From what I can tell (from my brief toying around) is that clients who have saved searches set up with me can now have their own password-protected custom search results page. Instead of having to go back and weed through all of those old emails for a listing you saw - only to find out that the page "expired" - now those listings can all be found in one place.
So, beginning tomorrow, I'll be setting up portal pages for all of my Hot Market clients and customers. How cool is THAT?
Stay tuned...
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