Housing Market Report-May 2018

The healthy economy continues to invigorate Wisconsin’s housing market as buyer demand remains strong, motivating home prices to persistently increase. According to the Wisconsin REALTORS® Association’s April Home Sales Report, median prices in the state have increased 5.9% in the last 12 months, pushing up the median home sales price to $180,000. The low level of homes for sale is also a major contributing factor to the surge in home prices. Comparing April 2018 to last April, the level of homes for sale were 19% lower and new listings were 14% lower. As a result, it left only 4.2 months… Read More

Housing Market Report-April 2018

For the first quarter of 2018, real estate sales in Wisconsin were up 2.1% and median prices were up 6.3% compared to the first quarter of last year according to the Wisconsin REALTORS® Association’s (WRA) recent analysis of the current housing market. Lack of homes for sale is the leading contributor for the increase in sales prices. The WRA reported that there was only 3.1 months of available supply in urbanized metro areas of Wisconsin, making for a very strong seller’s market in these particular parts of the state. Over the last year, home prices increased nearly 3 times the rate… Read More

4 Pricing Myths Every Seller Should Know

Myth #1: Pricing your property high equals a high return The potential revenue may be alluring but a buyer’s agent will likely know when a property is overpriced. Overpriced properties have a greater chance to sit on the market longer and can lead to future problems as Myth #2 describes. Listing at an appropriate price can lead to a quicker and easier sale which is especially beneficial if you’re purchasing a new home. Myth #2: It’s no big deal to lower the price later on an overpriced home Homes that stick around on the market and/or have had multiple price… Read More

Freshen up and get ready for Spring

Finally! Spring has arrived in Wisconsin You may have heard Harley riders revving their engines, seen your first robin, and smell your neighbors grilling again. Now it’s time to spruce up your home and yard for the season. Here are some reminders and great ideas to freshen up and get ready for Spring. Retire the fireplace: Add interest to the dark space by adding a candle set. For a rustic look, stack wood logs cut side out. Lighten up: Swap out your heavy bedding and dark colors to lighter options Revive your exterior: Wash or add a fresh coat of paint… Read More

The Housing Market in 2018 – So Far So Good

The housing market in southeast Wisconsin continues to look good in 2018. The driving forces in today’s market are solid buyer demand, limited inventory and first timers ready to buy. According to recent housing statistics published by the Wisconsin REALTORS® Association (WRA), the number of home sales between December 2017 and February 2018 was 15.8% higher than just 5 years ago. They went on to report that this winter had record high sales since they re calibrated their data system in 2005. Home sales in January grew 3.5% and the median home sales price increased 4.9% compared to January 2017…. Read More

5 DIY Home improvement projects for winter

Is winter weather giving you cabin fever? If so, here is a list of DIY projects perfect for doing during the winter months to improve your living space and add value to your home. 1) Update bathrooms. Replacing old fixtures such as faucets and lighting, re-cauking and re-grouting, and applying a fresh coat of paint are all easy updates that can dramatically change the look of your bathrooms. 2) Add a kitchen backsplash. Protect your walls and add style to your kitchen by adding a backsplash.  3) Update walls. Add crown molding and re-paint walls to enhance the aesthetic appearance… Read More

The Real Estate Market: A recap of 2017 and what to expect in 2018

For the third year in a row, Wisconsin’s thriving economy helped boost home sales to reach record levels in 2017 according to the Wisconsin REALTORS® Association’s most recent analysis of the housing market. Achieving record home sales given the severe shortage of homes on the market truly indicates how hot Wisconsin’s real estate market is. Annual sales in 2017 increased 1.4% compared to 2016 while the median sales price increased a remarkable 5.5% during the same period. If inventory didn’t constrain sales, we would have seen a much larger increase in the number of home sales. The dynamics of the housing… Read More

Become an Expert on New Homes Hitting the Market

Knowledge is power and early knowledge can offer you a powerful advantage, especially in tight real estate markets. Those who find properties first gain an edge by being the first have a chance to see new properties and thus the first to make offers. More often than not, this first to market knowledge pays off. This post will review how you can leverage the property search on this website to quickly access the newest properties on the market and how to setup email alerts when new properties match your criteria. It’s important to first point out that this website offers… Read More

Home Sales Report July 2017

Diminishing inventory of homes on the market has kept sales lower than the last two years, but has propelled the median prices of homes to reach record levels according to the Wisconsin REALTORS® Association (WRA). Their most recent sales report provided significant statistics for the month of July as shown below. STATS FOR THE MONTH OF JULY COMPARED TO JULY 2017 Home sales Decreased 5% compared to 2016 Decreased 7.5% compared to 2015 Median sales price of homes Grew 5.9% compared to 2016 Grew 28.5% compared to 2011 Inventory of homes on the market Declined 13.8% compared to 2016 Declined 45%… Read More

Why Rent When You Can Own?

Do you think you can afford monthly mortgage payments but not the initial down payment on a home? There are plenty of down payment assistance programs out there to help! These DPA programs are typically grants or 2nd or third mortgages that have zero percent interest rates, deferred payments and/or forgivable loans. The programs are often offered by state, county or city agencies, housing authorities, WI Housing and Economic Development Authority (WHEDA), the Veteran’s Administration and many others. The assistance amounts vary and can be used for the down payment and possibly allowed for closing costs, prepaids, repairs and other… Read More