2010 has been hectic and at points, turbulent, here in the Wisconsin Rapids area. I thought now would be a good time to take the pulse of the Wisconsin Rapids real estate market as we head into September and leave the ‘busy’ season behind.

Below you’ll find a month-by-month recap for the Wisconsin Rapids area.  For your viewing pleasure I’ve broken it down into two separate graphs.

The first shows the number of homes sold during each month (so far) of 2010.

The tax credits offered to both first time homebuyers and homeowners definitely brought more people to the closing table. You can see that reflected in an increase of home sales from March through June, compared to Wisconsin Rapids home sales in 2009. 

Below you can see the average sale price for each month.

 

There’s not much information we can gather from the average sale price on a month to month basis. But we do see a spike when it reached over $120,000, but otherwise on average it hung around the $105,000 area. (FYI–still a very good number)

What’s your take on the results?

Does a ramped up May-July of 2010 make up for a slow August (and possibly September)?

Or does last years August-October offset the slower spring/summer real estate season in 2009?

I don’t know if anyone has the ‘right’ answers. I do think the tax credits have caused more questions than answers. I would think the ‘right’ answers can only be answered on an individual basis.

Everyone will benefit as we pull ourselves away from the tax credits because ultimately we want a successful Wisconsin Rapids real estate market to be held up by people (like you) who are buying and selling a home because YOU want to and not because the government is throwing money at you. (Although, if you receive(d) some cash…take it and run…or fly…or improve…or tithe…or save)

And if answers can only happen at an individual level–Are we able to call our overall market improved IF we’re calling our market improved based solely on the people who benefited from the tax credits?

I believe we have a simple chicken and a cart conundrum…or was it a horse and an egg? ;-)

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Written by Adam Holberg — Castle Rock Lake Real Estate Agent. You can call/text me at 608-542-0178 or send me an email at holberga [at] firstweber [dot] com.

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