Very important note: Not me. I repeat NOT ME! 
‘The weather’s too good for it not to be spring soon’ edition of our area’s real estate market report…
You can read previous market reports to see for yourself what our real estate market has been doing.
Fifty-four homes were added to our MLS this month. Including 40 homes in Wisconsin Rapids. This is a huge jump from January and December.
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. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?
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. Every month more and more people are signing up. It makes me feel like you like my writing…
The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…
Single Family Wisconsin Rapids Homes:
- Active Homes for Sale: 139 (including 40 new listings in February)
- Average List Price: $96,744
- Homes Sold in February 2010: 19
- Average Sale Price: $94,154
- Median Sale Price: $95,000
- Average Days on the Market: Active: 229 Sold: 121
- Average Sale Price/List Price: 95%
- Expired Listings: 8
Single Family Nekoosa Homes:
- Active Homes for Sale: 26 (including 10 new listings in February)
- Average List Price: $105,892
- Homes Sold in February 2010: 4
- Average Sale Price: $112,625
- Median Sale Price: $119,500
- Average Days on the Market: Active: 166 Sold: 201
- Average Sale Price/List Price: 92%
- Expired Listings: 6
Single Family Port Edwards Homes:
- Active Homes for Sale: 19 (including 4 new listings in February)
- Average List Price: $103,628
- Homes Sold in February 2010: 0
- Average Sale Price: $–
- Median Sale Price: $–
- Average Days on the Market: Active: 204 Sold: –
- Average Sale Price/List Price: –
- Expired Listings: –
Trends I’m Seeing
- No, the number of homes for sale in Wisconsin Rapids and Nekoosa did not fall dramatically from January. Our MLS changed the way it’s reporting city data. I’ll get it back to normal, it will just take me a day or two…
- Action picked up tremendously in February. 54 new homes hit the market. Gotta love the tax credits! Are you next? Call me.
- Even with 40 new homes, Wisconsin Rapids still has the average days on the market for active homes at 229. But if your home sells, it averaged only 121 days on the market. What does that tell you?
- Nekoosa continues to have a low sale price to list price percentage of 92%. Remember that’s the comparison of what the home owner accepted as the sale price to what it was listed for. And that doesn’t take into consideration any price drops, so it may actually be significantly lower.
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 given to anyone.
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…
A couple weeks ago I presented to you the absorption rates for homes listed in Wisconsin Rapids. I’d like to go one step further and discuss with you the number of homes that sold during each month in 2009.
The following chart includes all single-family homes and condos sold in the tri-city area.
Realtors talk about the ‘buying season’ and the ’slow season’ in pretty much the same way you’d use ‘dry season’ and ‘wet season’ if you were talking about the African plains.
Each bringing their own set of problems and solutions. Summer *can* be the better time for sellers. More buyers means more opportunities to sell. Of course it also means more competition… Accurate pricing, a well-written listing description, and high-quality photographs generally do an excellent job tipping the scales in your favor though.
Winter means fewer buyers. And more time between meaningful showings and offers. But buyers that are out there are definitely serious. We’re now finishing the ’slow season’ and heading quickly to the ‘buying season.’ Note: the average home that sells is on the market for 200+ days. That puts the average home that goes on the market today getting a sold sign in August, right in the middle of the ‘buying season.’
At least that’s what the chart and data are telling us.
As you can see January and February were the 2 slowest months. Which is expected. But we’re off to the races once the calendar gets flipped to March. Remember a home that sells in June received it’s accepted offer in May.
Yes October had the most sales, but what it’s really saying is that September had the most accepted offers.
Now the tax credits are quickly coming to an end. You have less than 3 months to get your home ready for sale, on the market, advertised, shown, receive an offer, negotiate and finally accept the offer. That’s a lot that has to happen. I’ve had numerous sellers contact me in the past month, 3 new listings plus one more in a couple weeks. There’s still time, but now is the time to be proactive.
…the I can’t believe it’s the start of a new decade already… and to think the apocalypse was supposed to start over a decade ago…
You can read previous market reports to see for yourself what our real estate market has been doing.
Thirty-nine homes were added to our MLS this month. Including 25 homes in Wisconsin Rapids. New listings are starting to climb after a slow December.
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. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?
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. Every month more and more people are signing up. It makes me feel like you like my writing…
The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…
Single Family Wisconsin Rapids Homes:
- Active Homes for Sale: 222 ( including 25 new listings in January)
- Average List Price: $125,125
- Homes Sold in January 2010: 8
- Average Sale Price: $143,112
- Median Sale Price: $134,250
- Average Days on the Market: Active: 218 Sold: 219
- Average Sale Price/List Price: 93%
- Expired Listings: 10
Single Family Nekoosa Homes:
- Active Homes for Sale: 108 (including 10 new listings in January)
- Average List Price: $177,836
- Homes Sold in January 2010: 0
- Average Sale Price: $–
- Median Sale Price: $–
- Average Days on the Market: Active: 248 Sold: –
- Average Sale Price/List Price: –
- Expired Listings: 4
Single Family Port Edwards Homes:
- Active Homes for Sale: 17 (1 new listing in January)
- Average List Price: $109,135
- Homes Sold in January 2010: 1
- Average Sale Price: $108,000
- Median Sale Price: $108,000
- Average Days on the Market: Active: 248 Sold: 872
- Average Sale Price/List Price: 94%
- Expired Listings: 2
Trends I’m Seeing
- Congrats to the Port Edwards home owner. On the market for 2.5 years…
- The number of homes sold is way down from a couple months ago. But remember my last market report coincided with the last month of the First-time home buyers tax credit causing an increase in the number of homes sold.
- Homes for sale in our area have been for sale an average of almost 7 months. Which means…
- I feel agents need to re-prioritize pricing a home at a number that can be backed up by data.
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 given to anyone.
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…
The ‘its been to long’ edition of our real estate market report. Thanks for waiting.
You can read previous market reports to see for yourself what our real estate market has been doing.
Thirty-five homes were added to our MLS this month. Including 24 homes in Wisconsin Rapids. New listings are starting to slow down because winter is just around the corner. But, now is still a good time to put your home up for sale. Why? Anyone who’s out looking for homes when its 10 degrees outside is definitely serious…
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. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?
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. Every month more and more people are signing up. It makes me feel like you like my writing…
The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…
Single Family Wisconsin Rapids Homes:
- Active Homes for Sale: 220 ( including 24 new listings in November)
- Average List Price: $127,324
- Homes Sold in November 2009: 23
- Average Sale Price: $103,217
- Median Sale Price: $79,900
- Average Days on the Market: Active: 204 Sold: 158
- Average Sale Price/List Price: 95%
- Expired Listings: 12
Single Family Nekoosa Homes:
- Active Homes for Sale: 106 (including 10 new listings in November)
- Average List Price: $195,662
- Homes Sold in November 2009: 4
- Average Sale Price: $96,228
- Median Sale Price: $88,706
- Average Days on the Market: Active: 240 Sold: 162
- Average Sale Price/List Price: 91%
- Expired Listings: 13
Single Family Port Edwards Homes:
- Active Homes for Sale: 17 (0 new listing in November)
- Average List Price: $116,348
- Homes Sold in November 2009: 0
- Average Sale Price: $–
- Median Sale Price: $–
- Average Days on the Market: Active: 291 Sold: –
- Average Sale Price/List Price: –
- Expired Listings: 1
Trends I’m Seeing
- Number of homes for sale in our area is down more than 70 from the summer.
- I don’t have to look to know that no homes in the Town of Rome sold during November. (That’s why the average sold price for Nekoosa is under $100,000 compared to previous months)
- The number of days a home is on the market is directly related to its chances of selling. Compare the number of days for active homes against homes that have sold… What do the numbers tell you? (Look for a post in the near future about this topic)
- Port Edwards continues to be a hard sell. If you live in Port Edwards and are thinking about selling, I have an aggressive 191 point marketing system that will help counteract the struggles other homeowners are experiencing.
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 given to anyone.
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…
The ’summer is flying by’ edition of our real estate market report. Thanks for reading.
You can read previous market reports to see for yourself what our real estate market has been doing.
Fifty-two homes were added to our MLS this month. Including 38 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. Every month more and more people are signing up. It makes me feel like you like my writing…
The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…
Single Family Wisconsin Rapids Homes:
- Active Homes for Sale: 275 ( including 38 new listings in July)
- Average List Price: $123,267
- Homes Sold in July 2009: 30
- Average Sale Price: $91,840
- Median Sale Price: $84,750
- Average Days on the Market: Active: 185 Sold: 178
- Average Sale Price/List Price: 94%
- Expired Listings: 17
Single Family Nekoosa Homes:
- Active Homes for Sale: 127 (including 9 new listings in July)
- Average List Price: $192,143
- Homes Sold in July 2009: 4
- Average Sale Price: $158, 830
- Median Sale Price: $147,710
- Average Days on the Market: Active: 211 Sold: 240
- Average Sale Price/List Price: 94%
- Expired Listings: 3
Single Family Port Edwards Homes:
- Active Homes for Sale: 25 (including 5 new listing in June)
- Average List Price: $112,545
- Homes Sold in July 2009: 3
- Average Sale Price: $50,333
- Median Sale Price: $55,000
- Average Days on the Market: Active: 211 Sold: 255
- Average Sale Price/List Price: 97%
- Expired Listings: 0
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…
Photo Credit
PHONE: (715) 572-8372
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.