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…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
Enjoy another one of my recent blog posts at GoRapids.com…
As I’m sitting in the office brainstorming ideas for this blog post it becomes apparent that I haven’t talked about our market yet. That leads me into jotting ideas down on the best way to approach a discussion about the homes currently for sale in Wisconsin Rapids.
In the end I’ve decided to break the city up into east and west. If it’s good enough for the school district, it’s good enough for me.
Following is the breakdown for both sides of the river:
East Side:
Total Number of Homes for Sale: 230
Average List Price: $131,890
Most Expensive Home: $1,140,000
Average Number of Days on the Market: 184
Highest Number of Days on the Market: 1058
View all East Side Homes for Sale
West Side:
Total Number of Homes for Sale: 60
Average List Price: $89,343
Most Expensive Home: $475,000
Average Number of Days on the Market: 193
Highest Number of Days on the Market: 653
View all West Side Homes for Sale
Does any of the data jump out at you?
I have a couple observations. First, even though there’s a huge discrepancy between the numbers of homes for sale on the east and west side of town, if you go strictly by population the numbers are indeed similar.
Next, the average list price is substantially higher on the east side of town. Yes there is a million dollar listing, but the data goes deeper than that. The reason for the higher list price is that new homes are being built on the east side at a far faster pace. That does make sense as people continue to move into the Grand Rapids area along with the new subdivisions that are being built in the south eastern part of the city.
Plus many homes on the western side of town were built 30+ years ago when homes and lots were much smaller. New homes being built tend to be 2400+ square feet on lots that average 3 or 4 times the size of lots located in the heart of the city.
The last piece of data that stands out is that homes on the east side of town sell quicker than their counterparts across the river. And this is even with factoring in a home that has been listed for 1058 days.
After all of this, what have we learned? My takeaway is this: If you live on the east side of town and are thinking about selling you are in the better position than someone located on the west side of town.
With everything we’ve heard and been through, real estate in Wisconsin Rapids is really starting to hop. Especially for homes under $130,000.
What I’m noticing is if your home’s list price is over $130,000 your home needs to be move in ready… If not, my suggestion is to modernize before putting it on the market. Would you like suggestions on ways to improve your home? Contact me today by phone at 715.572.8372 or by email at holberga [at] firstweber [dot] com.
Photo Credit
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…
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.