The ‘did you notice that I missed the May market report?’ All of a sudden it was the middle of June and I realized I hadn’t given you what you were craving… Statistics…
Alright, maybe you’re not all Math teachers like my mom and aunt, but many of you have said that the information is useful. And I’m good with that.
Just as you’d expect June was the best month of the year. The average list price in Wisconsin Rapids has pushed itself over the $120,000 mark. Maybe I”m cynical but I’m interested in seeing if it’s because Wisconsin Rapids Realtors are agreeing to higher listing prices because summer brings out more buyers. Supply and demand. Of course if these new buyers don’t buy the number of homes for sale will grow, which means home sellers will start to rapidly lower asking prices and they chase the market down into the fall.
Port Edwards continues to have an extremely sluggish real estate market. Port Edwards has averaged around 23 homes for sale every month and pretty predictably one home will sell per month. If you’re in a hurry to sell you’ll need to be creative plus have a home that shows very well because the average days a home is on the market before selling continues to be extremely high. You can look at it this way: If you take all 23 homes on the market in Port Edwards right now, on average they were originally listed in December of 2008. Eight months ago…
You can read previous market reports to see for yourself what our real estate market has been doing.
Sixty homes were added to our MLS this month. Including 46 homes in Wisconsin Rapids. That only means good things for prospective buyers. If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started.
Happy house hunting!
First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time.
The data was gathered through the MLS, so the data is deemed reliable but not guaranteed.
Single Family Wisconsin Rapids Homes:
- Active Homes for Sale: 290 (including 46 new listings in June)
- Average List Price: $121,631
- Homes Sold in June 2009: 26
- Average Sale Price: $105,954
- Median Sale Price: $95,500
- Average Days on the Market: Active: 181 Sold: 171
- Average Sale Price/List Price: 96%
- Expired Listings: 11
Single Family Nekoosa Homes:
- Active Homes for Sale: 126 (including 13 new listings in June)
- Average List Price: $188,162
- Homes Sold in June 2009: 8
- Average Sale Price: $120,912
- Median Sale Price: $77,750
- Average Days on the Market: Active: 198 Sold: 252
- Average Sale Price/List Price: 93%
- Expired Listings: 9
Single Family Port Edwards Homes:
- Active Homes for Sale: 23 (including 1 new listing in June)
- Average List Price: $94,592
- Homes Sold in June 2009: 1
- Average Sale Price: $59,900
- Median Sale Price: $59,900
- Average Days on the Market: Active: Active: 233 Sold: 142
- Average Sale Price/List Price: 100%
- Expired Listings: 1
What next?
As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be sold to any annoying telemarketer.
For More Info:
- Thinking about selling? Quickly see what your home’s worth in our market.
- Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…
PHONE: (608) 542-0178
My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.