Relocation Information & Assistance 800.747.9962 CBS UCCESS . COM /R ELOCATION HOME SALES REPORT November 2016
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Relocation Information & Assistance 800.747.9962CBSUCCESS.COM/RELOCATION
HOME SALES REPORT November 2016
December 13, 2016
The Chase for the Record Continues
Despite trailing the record month of just one year ago, November sales of Dane County single- family homes and condominiums are the third highest total ever and keep the chase for the annual sales record in sight.
Only November 2015 (496 sales) and November 2009 (492 sales) exceeded the 483 sales reported for 2016. Year-to-date, 2016 continues to have a slight advantage over 2015 (second highest annual sales) and trails the record year of 2005 by only 45 sales – less than 1%.
The monthly median price in Dane County rose again year-over-year for the 15th time in the past 16 months. Through November, the 2016 median price is $245,000 compared to $231,000 last year – an increase of 6%.
The supply of active inventory in Dane County dropped to just 2.15 months. This month’s 1,428 active listings are down from 1,588 in October and pale compared to the 3907 active listings in November 2005. As a general rule, 6 months of inventory is considered the market balance point between buyers and sellers.
November Home Sales Report
- continued -
Interest rates remain exceptionally low but are on the rise. While the average rate for a 30-year fixed rate mortgage in November was 3.77%, as of December 8, Freddie Mac reported the rate was now 4.13%. This is still significantly lower than in 2005.
The balance of the South Central Wisconsin MLS market is enjoying mostly positive results – both for the month and year-to-date. The Crawford/Richland/Vernon County region fell just one sale short for the month and trails 2015 by only 14 sales. Grant/Iowa/Lafayette Counties are just 7 total sales behind last year.
Please check back next month for our year-end report and to see where 2016 stands in the record books. We will make our fearless forecast at that time for 2017 as well.
- page 2 -
Coldwell Banker Success 2920 Marketplace Dr | Fitchburg, WI 53719
CBSuccess.com | [email protected]
54 1
81 6
88 9
148 15
171 15
194 21
186 16
170 19
306 55
397 50
319 49
325 56
319 44
610 101
484 71
607 138
290 53
303 30
132 10
104 2
5,288 761
269,399 249,420
195,000 214,900 Median price
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
Total Types
200,000 - 249,999
CURRENT ACTIVE LISTINGS
Single
Family
250,000 - 299,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
less than 30,000
Condo/
Co-Op
PRICE
CLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
180,000 - 199,999
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
*Sales for the month & current active listings are reported as of 12/12/2016. The Current Active Listings Chart includes all listings available for showings, including those with offers to purchase. This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The
MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
Average price
4 10 2 0
8 6 1 3
9 5 2 2
11 8 2 1
6 9 4 4
9 13 1 3
8 24 5 3
8 12 5 6
41 05 01 13
51 64 81 18
11 83 61 18
9 57 12 14
10 47 16 14
9 101 31 10
2 60 48 9
1 51 72 12
1 16 28 7
1 9 20 3
1 0 5 1
1 0 2 0
138 562 300 141
142,899 196,501 297,362 194,448
107,700 180,000 280,000 157,000
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
MEDIAN PRICE
4+
Bedroom
AVERAGE PRICE
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
90,000 - 99,999
120,000 - 139,999
140,000 - 159,999
40,000 - 49,999
100,000 - 119,999
over 1,000,000
Total Types
0-2
Bedroom
3
Bedroom
300,000 - 399,999
500,000 - 749,999
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
Condo/
Co-Op
TOTALS REPORT
SOLD RESIDENTIAL LISTINGS
2016 2015 2014 2016 2015 2014
58 51 55 1,024 1,186 1,121
55 44 47 785 743 638
183,934 161,103 174,603 196,384 180,011 167,389
150,000 153,000 159,900 171,500 157,049 149,750
295 425 505 295 425 505
2016 2015 2014 2016 2015 2014
461 466 412 9,030 9,342 9,141
483 496 424 7,521 7,506 6,542
285,433 271,716 265,717 275,567 263,382 251,710
255,000 235,403 227,750 245,000 231,000 220,000
1,428 1,855 2,323 1,428 1,855 2,323
2016 2015 2014 2016 2015 2014
156 148 133 2,524 2,667 2,670
162 133 128 2,121 1,947 1,768
140,242 129,930 123,550 147,295 131,481 127,141
128,000 127,000 111,500 137,000 124,000 119,000
513 741 879 513 741 879
ROCK COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
DANE COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
Current sales reported as of December 12, 2016 - More MLS statistics are available at www.CBSuccess.com.NOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its participants.
The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
COLUMBIA COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
NOVEMBER 2016 STATISTICS JANUARY - NOVEMBER
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
0
100
200
300
400
500
600
700
800
900
1000
1100
1200
1300
1400
1500
1600
1700
1800
1900
2000
2100Num
ber o
f Hom
es Sold
Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 12/12/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County SalesNovember 2016 ‐ 483November 2015 ‐ 496 November 2014 ‐ 424
Regional County SalesNovember 2016 ‐ 1,017November 2015 ‐ 941November 2014 ‐ 852
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
$260,000
$270,000
$280,000
$290,000
$300,000
Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 12/12/2016
Dane County MedianNovember 2016 ‐ $255,000November 2015 ‐ $235,403November 2014 ‐ $227,750
Regional County MedianNovember 2016 ‐ $187,500November 2015 ‐ $184,900November 2014 ‐ $167,000
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000Num
ber o
f Active Listings
Available Single Family Homes (Inc Condos) Reported by the South Central WI MLS as of 12/12/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County InventoryNovember 2016 ‐ 1,428November 2015 ‐ 1,855November 2014 ‐ 2,323
Regional County InventoryNovember 2016 ‐ 4,536November 2015 ‐ 5,826November 2014 ‐ 7,060
0
1
2
3
4
5
6
7
8
9
10
11
12
Mon
ths o
f Inven
tory
Months Supply of Inventory for Single Family Homes (Inc Condos) Reported by the South Central WI MLS as of 12/12/2016
Dane County SupplyNovember 2016 ‐ 2.15 Months November 2015 ‐ 2.80 MonthsNovember 2014 ‐ 4.00 Months
Regional County SupplyNovember 2016 ‐ 3.56 MonthsNovember 2015 ‐ 4.73 MonthsNovember 2014 ‐ 6.40 Months
Months Supply = current inventory divided by the average sales for the most current 12 months
Market Update Video
View more Home Sales Reports &
Market Update Videos online
Real Estate Market Statistics—Nov 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of December 12, 2016.
Deforest School District
# New Listings 19 424 17 365
# Sales 20 368 18 318
Average Sale Price $311,614 $274,069 $240,732 $242,373
Median Sale Price Single Family $288,607 $265,000 $232,450 $234,000
Median Sale Price Condo $302,500 $169,250 $213,650 $158,000
Total # Active Residential Listings at end of period
69 64
Lodi School District
# New Listings 11 193 10 214
# Sales 7 130 8 144
Average Sale Price $252,786 $272,333 $270,925 $256,669
Median Sale Price Single Family $292,500 $250,500 $231,750 $236,000
Median Sale Price Condo —- $255,500 —- $263,500
Total # Active Residential Listings at end of period
66 83
Edgerton School District
# New Listings 20 339 14 343
# Sales 15 271 15 198
Average Sale Price $181,450 $176,074 $146,940 $149,489
Median Sale Price Single Family $165,000 $165,000 $139,400 $142,500
Median Sale Price Condo —- $152,400 —- $115,000
Total # Active Residential Listings at end of period
68
Barneveld School District November
2016 2016 YTD November
2015 2015 YTD
# New Listings 1 30 3 42
# Sales 1 23 2 23
Average Sale Price $389,900 $240,098 $273,907 $236,265
Median Sale Price Single Family $389,900 $186,000 $273,907 $175,000
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
7
Real Estate Market Statistics—Nov 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of December 12, 2016.
Mount Horeb School District
# New Listings 7 189 13 201
# Sales 11 145 12 140
Average Sale Price $254,663 $305,604 $376,000 $290,456
Median Sale Price Single Family $240,900 $266,450 $241,500 $249,450
Median Sale Price Condo —- $185,000 —- $209,950
Total # Active Residential Listings at end of period
33 51
Stoughton School District
# New Listings 12 326 18 374
# Sales 11 297 8 292
Average Sale Price $254,391 $239,070 $263,355 $233,976
Median Sale Price Single Family $243,000 $220,000 $195,000 $214,450
Median Sale Price Condo $179,500 $131,000 $170,000 $137,450
Total # Active Residential Listings at end of period
45 86
Oregon School District
# New Listings 14 364 14 383
# Sales 21 296 22 322
Average Sale Price $279,390 $279,681 $306,118 $275,416
Median Sale Price Single Family $286,500 $270,000 $254,950 $253,000
Median Sale Price Condo $138,500 $180,000 —- $162,000
Total # Active Residential Listings at end of period
57 61
McFarland School District November
2016 2016 YTD November
2015 2015 YTD
# New Listings 6 235 13 251
# Sales 13 233 13 210
Average Sale Price $268,349 $296,863 $294,382 $274,885
Median Sale Price Single Family $324,000 $264,250 $282,000 $259,800
Median Sale Price Condo $262,400 $270,335 —- $209,250
Total # Active Residential Listings at end of period
28 42
Real Estate Market Statistics—Nov 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of December 12, 2016.
Community & Neighborhood Videos
Verona School District
# New Listings 14 462 16 485
# Sales 25 388 23 394
Average Sale Price $294,439 $298,518 $248,736 $291,304
Median Sale Price Single Family $300,000 $319,900 $229,750 $291,898
Median Sale Price Condo $169,250 $175,500 $110,500 $165,000
Total # Active Residential Listings at end of period
81 106
WI Heights School District
# New Listings 3 91 7 118
# Sales 4 80 7 74
Average Sale Price $220,350 $252,344 $211,286 $261,564
Median Sale Price Single Family $188,750 $212,450 $178,000 $229,000
Median Sale Price Condo —- $110,000 —- $80,000
Total # Active Residential Listings at end of period
22 41
Sun Prairie School District November
2016 2016 YTD November
2015 2015 YTD
# New Listings 52 934 43 878
# Sales 67 802 49 752
Average Sale Price $259,733 $245,179 $213,575 $230,661
Median Sale Price Single Family $284,590 $260,000 $225,500 $240,945
Median Sale Price Condo $149,900 $150,000 $141,950 $139,950
Total # Active Residential Listings at end of period
94 132
Real Estate Market Statistics—Nov 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of December 12, 2016.
Visit Coldwell Banker Success online:
CBSuccess.com
Market Update Videos
Home Sales Reports
Property Search
Find an Agent
Middleton-Cross Plains School District
November 2016 2016 YTD
November 2015 2015 YTD
# New Listings 34 776 31 743
# Sales 29 573 44 556
Average Sale Price $393,052 $395,133 $378,225 $370,232
Median Sale Price Single Family $425,000 $414,900 $383,901 $392,250
Median Sale Price Condo $195,537 $161,200 $188,500 $142,500
Total # Active Residential Listings at end of period
128 152
Waunakee School District
# New Listings 31 472 25 487
# Sales 24 341 25 326
Average Sale Price $359,775 $364,659 $343,296 $353,138
Median Sale Price Single Family $349,450 $385,500 $310,000 $387,350
Median Sale Price Condo $197,900 $216,000 $195,750 $182,000
Total # Active Residential Listings at end of period
88 116
Fitchburg Home Prices—Nov 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of December 12, 2016.
Madison School District in Fitchburg
November 2016 2016 YTD
November 2015 2015 YTD
# New Listings 10 227 14 300
# Sales 8 202 20 222
Average Sale Price $326,517 $288,610 $266,711 $265,654
Median Sale Price Single Family $332,934 $319,750 $305,000 $300,000
Median Sale Price Condo $334,900 $209,900 $204,212 $190,612
Total # Active Residential Listings at end of period
32 48
Verona School District in Fitchburg
# New Listings 3 142 3 135
# Sales 7 97 6 106
Average Sale Price $262,143 $321,032 $204,167 $293,504
Median Sale Price Single Family $216,000 $300,000 $162,750 $245,000
Median Sale Price Condo —- $179,000 $175,750 $187,000
Total # Active Residential Listings at end of period
28 29
Oregon School District in Fitchburg
# New Listings 4 32 5 49
# Sales 2 29 5 48
Average Sale Price $299,950 $291,613 $245,780 $260,351
Median Sale Price Single Family $299,950 $276,000 $250,000 $248,000
Median Sale Price Condo —- $294,500 —- $284,950
Total # Active Residential Listings at end of period
8 7
The city of Fitchburg is served by 3 school districts: Madison, Oregon, Verona
Madison High Schools—Nov 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of December 12, 2016.
Lafollette High School
# New Listings 54 836 26 843
# Sales 53 750 35 765
Average Sale Price $205,926 $211,941 $194,059 $198,326
Median Sale Price Single Family $218,837 $220,000 $210,000 $198,000
Median Sale Price Condo $141,000 $125,000 $116,025 $126,900
Total # Active Residential Listings at end of period
96 112
West High School
# New Listings 48 925 42 1,030
# Sales 42 765 53 817
Average Sale Price $352,987 $326,608 $305,431 $320,915
Median Sale Price Single Family $318,200 $319,750 $300,000 $300,000
Median Sale Price Condo $257,500 $237,500 $276,600 $235,000
Total # Active Residential Listings at end of period
165 199
Memorial High School
# New Listings 55 1,280 76 1,416
# Sales 77 1,175 70 1,181
Average Sale Price $270,431 $254,247 $250,668 $242,474
Median Sale Price Single Family $287,000 $270,000 $256,750 $254,360
Median Sale Price Condo $170,500 $159,900 $138,000 $140,000
Total # Active Residential Listings at end of period
171 247
East High School November
2016 2016 YTD November
2015 2015 YTD
# New Listings 37 801 40 813
# Sales 41 713 42 696
Average Sale Price $269,822 $227,644 $199,615 $207,043
Median Sale Price Single Family $200,000 $186,000 $181,950 $179,900
Median Sale Price Condo $323,000 $151,750 $88,000 $137,000
Total # Active Residential Listings at end of period
108 127
The city of Madison includes 4 high schools.
Related Documents
