Relocation Information & Assistance 800.747.9962 CBS UCCESS . COM /R ELOCATION HOME SALES REPORT October 2016 Video
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Relocation Information & Assistance 800.747.9962
CBSUCCESS.COM/RELOCATION
HOME SALES REPORT October 2016
Video
November 15, 2016
October Sales Retreat
After 2 months of double digit increases, October sales of Dane County single-family homes and condominiums fell 11% compared to the same time last year. However, it should be noted that October 2015 sales were the highest total for the month on record. Apart from last year, the 537 sales reported in 2016 are the highest total since 2004. Year-to-date sales retain a small advantage over 2015, which is currently the second highest sales total ever, trailing only the record year of 2005.
Year-to-Date January 1 – October 31
2005 2015 2016
Sales 7063 7008 7020 Median Price $209,500 $230,000 $244,900 Active Listings 3720 1993 1588 Supply of Inventory 5.52 mos. 3.03 mos. 2.39 mos. 30 Yr. Interest Rate 6.07% 3.80% 3.47%
As has been the case for 14 of the past 15 months, the monthly median sale price increased year-over-year (the sole exception being September when the median sale price was the same for both years). Year-to-date the median sale price is 6.4% higher than 2015.
While the supply of active inventory remains very lean in Dane County at 2.39 months, this represents the highest figure since December 2015. Compare this to the 5.52 months of available inventory in 2005. Interest rates, while increasing slightly, remain exceptionally low.
October Home Sales Report
- continued -
The balance of the South Central Wisconsin MLS market had mixed, yet mostly positive results, for the month.
As we enter the post-election final two months of the year and we wait to see what comes next, the housing market continues to provide excellent opportunities. Led by the (for now) low interest rates, the total cost of ownership is at historic lows. New jobs and high consumer confidence lead to more households looking for a new home. Demand does not appear to be lessening at all.
One demographic that we are keeping a close eye on: according to the 2016 National Association of REALTORS® Home Buyer and Home Seller Report, the median age of the first-time homebuyer is 32 years of age. Next year, 4.4 million people in the United States will turn 32! Without question, the demand from first-time home buyers is poised to explode.
Now is the time to take advantage of favorable conditions – including the wonderful weather – if you are thinking of buying or selling.
- page 2 -
Coldwell Banker Success 2920 Marketplace Dr | Fitchburg, WI 53719
CBSuccess.com | [email protected]
2016 2015 2014 2016 2015 2014
76 103 87 966 1,135 1,066
69 84 68 729 699 591
191,018 194,232 170,564 197,241 181,201 166,815
161,000 160,700 158,500 173,500 158,000 149,000
325 468 555 325 468 555
2016 2015 2014 2016 2015 2014
555 663 639 8,569 8,876 8,729
537 602 493 7,020 7,008 6,118
270,993 269,688 258,060 274,725 262,787 250,739
240,000 232,250 227,000 244,900 230,000 220,000
1,588 1,993 2,600 1,588 1,993 2,600
2016 2015 2014 2016 2015 2014
160 222 205 2,368 2,519 2,537
178 174 197 1,953 1,814 1,640
148,309 134,564 135,104 147,812 131,595 127,421
140,000 121,000 123,000 137,900 124,000 119,900
571 801 998 571 801 998
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
Average Sale Price
Median Sale Price
COLUMBIA COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
# New Listings
# Sales
OCTOBER 2016 STATISTICS JANUARY - OCTOBER
Current sales reported as of November 14, 2016 - More MLS statistics are available at 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.
Total # Active Residential Listings at end of Period
DANE COUNTY
Total # Active Residential Listings at end of Period
Total # Active Residential Listings at end of Period
ROCK COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
56 1
88 8
100 13
160 15
178 18
207 24
204 20
196 19
368 60
425 56
366 61
373 57
374 47
710 105
586 79
677 144
338 63
346 29
147 12
114 2
6,013 833
268,150 247,524
199,500 209,900
Average price
less than 30,000
Condo/
Co-Op
PRICE
CLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
200,000 - 249,999
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
180,000 - 199,999
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
Single
Family
CURRENT ACTIVE LISTINGS
Median price
25 5 0
11 016
11 159
9 16 3 1
12 647
8 15 7 0
16 12 8 6
13 15 5 6
02 74 12 13
42 94 61 17
16 62 34 25
12 63 19 16
9 59 20 24
8 119 43 21
4 67 54 11
4 59 60 6
0 13 31 9
0 11 18 3
00 1 4
0 3 2 0
182 638 357 165
116,332 202,974 266,143 191,405
109,200 182,650 239,900 170,000
TOTALS REPORTSOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
120,000 - 139,999
140,000 - 159,999
over 1,000,000
Total Types
0-2
Bedroom
3
Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
MEDIAN PRICE
4+
Bedroom
Condo/
Co-Op
AVERAGE PRICE
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
100,000 - 119,999
*Sales for the month & current active listings are reported as of 11/14/2016. 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.
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 11/14/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County SalesOctober 2016 ‐ 537October 2015 ‐ 602 October 2014 ‐ 493
Regional County SalesOctober 2016 ‐ 1,172October 2015 ‐ 1,242October 2014 ‐ 1,171
$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 11/14/2016
Dane County MedianOctober 2016 ‐ $240,000October 2015 ‐ $232,250October 2014 ‐ $227,000
Regional County MedianOctober 2016 ‐ $182,000October 2015 ‐ $175,000October 2014 ‐ $164,000
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 11/14/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County InventoryOctober 2016 ‐ 1,588October 2015 ‐ 1,993October 2014 ‐ 2,600
Regional County InventoryOctober 2016 ‐ 4,988October 2015 ‐ 6,281October 2014 ‐ 7,782
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 11/14/2016
Dane County SupplyOctober 2016 ‐ 2.39 Months October 2015 ‐ 3.03 MonthsOctober 2014 ‐ 4.48 Months
Regional County SupplyOctober 2016 ‐ 3.94 MonthsOctober 2015 ‐ 5.13 MonthsOctober 2014 ‐ 7.04 Months
Months Supply = current inventory divided by the average sales for the most current 12 months
Market Update Video
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& current Market Update Videos online.
Real Estate Market Statistics—Oct 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 13,2016.
Deforest School District
# New Listings 27 403 24 347
# Sales 22 346 26 299
Average Sale Price $274,523 $271,424 $293,963 $241,937
Median Sale Price Single Family $275,406 $264,900 $272,950 $233,750
Median Sale Price Condo $194,000 $164,500 $268,950 $158,000
Total # Active Residential Listings at end of period
71 74
Lodi School District
# New Listings 15 183 12 204
# Sales 9 123 15 136
Average Sale Price $280,156 $273,445 $222,740 $255,831
Median Sale Price Single Family $210,000 $250,000 $194,000 $236,000
Median Sale Price Condo $255,000 $255,500 —- $263,500
Total # Active Residential Listings at end of period
74 90
Edgerton School District
# New Listings 11 319 28 329
# Sales 27 256 17 183
Average Sale Price $211,806 $175,759 $181,826 $149,698
Median Sale Price Single Family $190,500 $165,000 $178,000 $143,250
Median Sale Price Condo $142,000 $152,400 —- $115,000
Total # Active Residential Listings at end of period
81
Barneveld School District October
2016 2016 YTD October
2015 2015 YTD
# New Listings 2 29 1 39
# Sales 3 22 1 21
Average Sale Price $157,300 $233,289 $175,000 $232,680
Median Sale Price Single Family $148,000 $185,450 $175,000 $175,000
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
8
Real Estate Market Statistics—Oct 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 13,2016.
Mount Horeb School District
# New Listings 10 184 11 188
# Sales 12 134 14 128
Average Sale Price $294,676 $309,782 $259,939 $282,436
Median Sale Price Single Family $229,950 $270,000 $245,000 $249,450
Median Sale Price Condo —- $185,000 $180,000 $209,950
Total # Active Residential Listings at end of period
40 53
Stoughton School District
# New Listings 17 314 30 356
# Sales 25 286 23 273
Average Sale Price $271,284 $238,481 $240,451 $232,398
Median Sale Price Single Family $237,000 $220,000 $221,582 $214,900
Median Sale Price Condo —- $117,450 $77,000 $114,900
Total # Active Residential Listings at end of period
51 92
Oregon School District
# New Listings 15 348 27 369
# Sales 21 273 22 299
Average Sale Price $241,208 $279,792 $260,666 $273,224
Median Sale Price Single Family $268,500 $270,000 $244,900 $252,500
Median Sale Price Condo $159,950 $181,500 $174,900 $162,000
Total # Active Residential Listings at end of period
70 76
McFarland School District October
2016 2016 YTD October
2015 2015 YTD
# New Listings 4 229 23 233
# Sales 13 220 12 196
Average Sale Price $293,944 $296,776 $249,665 $274,201
Median Sale Price Single Family $323,943 $262,500 $257,000 $257,000
Median Sale Price Condo $236,450 $271,400 $242,000 $212,500
Total # Active Residential Listings at end of period
34 57
Real Estate Market Statistics—Oct 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 13,2016.
Community & Neighborhood Videos
Verona School District
# New Listings 24 446 32 468
# Sales 26 363 28 370
Average Sale Price $342,200 $298,730 $300,980 $293,350
Median Sale Price Single Family $372,080 $320,000 $347,500 $292,000
Median Sale Price Condo $180,000 $175,500 $161,000 $165,000
Total # Active Residential Listings at end of period
94 111
WI Heights School District
# New Listings 2 88 10 111
# Sales 8 76 14 67
Average Sale Price $253,688 $254,028 $216,564 $266,817
Median Sale Price Single Family $209,500 $224,950 $196,750 $230,000
Median Sale Price Condo —- $110,000 —- $80,000
Total # Active Residential Listings at end of period
23 43
Sun Prairie School District October
2016 2016 YTD October
2015 2015 YTD
# New Listings 57 874 55 831
# Sales 45 729 59 701
Average Sale Price $255,898 $242,705 $226,520 $230,859
Median Sale Price Single Family $280,000 $256,564 $260,000 $242,000
Median Sale Price Condo $159,050 $150,500 $142,500 $139,950
Total # Active Residential Listings at end of period
121 139
Real Estate Market Statistics—Oct 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 13,2016.
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Middleton-Cross Plains School District
October 2016 2016 YTD
October 2015 2015 YTD
# New Listings 46 737 50 710
# Sales 50 542 41 511
Average Sale Price $377,903 $395,461 $427,277 $368,730
Median Sale Price Single Family $390,000 $414,000 $428,500 $392,500
Median Sale Price Condo $190,000 $157,500 $179,900 $141,000
Total # Active Residential Listings at end of period
155 166
Waunakee School District
# New Listings 27 440 30 455
# Sales 26 314 31 294
Average Sale Price $362,258 $364,181 $351,203 $351,305
Median Sale Price Single Family $398,450 $385,000 $406,000 $389,875
Median Sale Price Condo $208,950 $220,000 $205,000 $180,000
Total # Active Residential Listings at end of period
84 121
Fitchburg Home Prices—Oct 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 13, 2016.
Madison School District in Fitchburg
October 2016 2016 YTD
October 2015 2015 YTD
# New Listings 19 217 8 285
# Sales 13 194 20 201
Average Sale Price $251,189 $287,047 $286,742 $265,875
Median Sale Price Single Family $271,000 $316,000 $332,250 $300,000
Median Sale Price Condo $193,750 $209,900 $186,750 $190,306
Total # Active Residential Listings at end of period
35 60
Verona School District in Fitchburg
# New Listings 9 139 8 132
# Sales 9 90 4 100
Average Sale Price $428,311 $325,613 $225,625 $298,864
Median Sale Price Single Family $385,000 $325,000 $245,000 $247,500
Median Sale Price Condo $515,000 $179,000 $72,500 $187,000
Total # Active Residential Listings at end of period
34 30
Oregon School District in Fitchburg
# New Listings 3 28 2 44
# Sales —- 27 1 43
Average Sale Price —- $290,996 $283,900 $262,045
Median Sale Price Single Family —- $276,000 $283,900 $246,000
Median Sale Price Condo —- $294,500 —- $284,950
Total # Active Residential Listings at end of period
7 5
The city of Fitchburg is served by 3 school districts: Madison, Oregon, Verona
Madison High Schools—Oct 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 13 , 2016.
Lafollette High School
# New Listings 60 782 51 813
# Sales 61 696 65 728
Average Sale Price $216,649 $212,439 $181,880 $198,649
Median Sale Price Single Family $225,250 $220,000 $195,000 $198,000
Median Sale Price Condo $154,000 $125,000 $118,900 $128,500
Total # Active Residential Listings at end of period
83 129
West High School
# New Listings 65 875 65 982
# Sales 40 721 62 759
Average Sale Price $317,555 $325,187 $335,575 $322,293
Median Sale Price Single Family $329,466 $319,750 $326,000 $300,000
Median Sale Price Condo $244,750 $237,000 $242,450 $232,000
Total # Active Residential Listings at end of period
179 228
Memorial High School
# New Listings 85 1,216 82 1,336
# Sales 79 1,098 87 1,110
Average Sale Price $258,205 $253,112 $259,210 $242,083
Median Sale Price Single Family $265,500 $270,000 $280,000 $253,500
Median Sale Price Condo $185,000 $157,750 $122,900 $140,500
Total # Active Residential Listings at end of period
192 274
East High School October
2016 2016 YTD October
2015 2015 YTD
# New Listings 49 761 48 774
# Sales 54 672 56 652
Average Sale Price $193,456 $225,071 $222,068 $207,467
Median Sale Price Single Family $183,500 $185,750 $175,700 $179,900
Median Sale Price Condo $156,150 $149,250 $198,750 $137,500
Total # Active Residential Listings at end of period
126 150
The city of Madison is comprised of 4 high schools.
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