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Relocation Information & Assistance 800.747.9962 WWW . CBS UCCESS . COM /R ELOCATION Home Sales Report August 2016
| Date post: | 14-Feb-2017 |
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Relocation Information & Assistance 800.747.9962WWW.CBSUCCESS.COM/RELOCATION
Home Sales Report August 2016
After watching monthly sales of Dane County single family homes and condominiums drop sharply in July compared to the same time period in 2015, August sales rebounded strongly. The 854 reported sales are 15.2% more than one year ago.
Sales throughout the SCWMLS market regions were up for the month and continue to be on pace or ahead of year-to-date figures when compared to 2015, with the exception of Crawford/Richland/Vernon Counties.
For Dane County, over the past ten years, approximately 74% of annual sales take place during the first 8 months. Applying that ratio, we are projecting 2016 sales to reach an estimated 7824 – making it the third highest year on record, behind only the record year of 2005 (7981 sales) and the near record year of 2015 (7936).
August Home Sales ReportSeptember 16, 2016
New listings for Dane County were 877 in August, compared to 790 in August, 2015. However, year-to-date new listings trail 2015 by 3.5%. As a result of the strong sales, the supply of active inventory stands at just 2.35 months versus 3.27 months in 2015 and 4.8 months in 2014. For the balance of the SCWMLS, the supply stands at 5.99 months. A six-month supply of active inventory is generally considered to represent a balanced market between buyers and sellers.
Median prices for the year continue to rise in all SCWMLS market areas.
The effect of the price increases is offset somewhat by the fact that mortgage interest rates continue at historic lows. For the week ending September 15, 2016, Freddie Mac reported the 30-year fixed rate mortgage averaged 3.5%. One year prior, that same mortgage averaged 3.91%.
Going forward, the expectations are positive. The economy continues to improve, especially in the area of job growth. Mortgage interest rates are forecasted to remain steady. Consumer confidence reached a 12-month high at the end of August, according to the Coference Board. As we move into a traditionally slower time of year for home sales, all signs are still go if you are thinking of buying or selling.
**The SCWMLS region includes Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon and Waushara Counties.
2016 2015 2014 2016 2015 2014
71 105 98 821 942 879
90 73 55 587 537 465
207,594 176,846 182,613 192,707 177,108 163,010
178,000 152,500 150,000 173,000 158,000 147,500
357 503 580 357 503 580
2016 2015 2014 2016 2015 2014
877 790 787 7,243 7,499 7,433
854 741 708 5,790 5,818 5,052
285,777 274,140 258,601 275,337 260,489 249,459
250,000 245,000 233,500 245,000 230,000 219,900
1,553 2,115 2,782 1,553 2,115 2,782
2016 2015 2014 2016 2015 2014
287 263 264 1,992 2,104 2,097
240 211 193 1,566 1,454 1,281
154,535 130,626 132,301 147,369 130,068 125,773
148,625 124,000 127,400 135,050 123,950 117,700
561 873 1,047 561 873 1,047
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
AUGUST 2016 STATISTICS JANUARY - AUGUST
Current sales reported as of September 14, 2016 - More MLS statistics are available at www.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
60 1
76 3
124 10
182 20
195 16
214 26
237 31
216 27
436 67
518 64
441 83
450 60
406 65
837 100
653 80
823 116
395 61
423 29
152 13
121 2
6,959 874
267,457 236,139
199,800 189,900
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
*Sales for the month & current active listings are reported as of 9/14/2016. 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.
46 8 1
13 147
14 10 2 1
11 10 3 3
14 12 6 4
8 19 8 3
12 24 6 10
10 21 3 14
33 45 61 27
63 27 32 29
24 78 30 25
18 65 19 28
11 79 31 26
19 160 80 29
9 120 69 15
2 88 105 22
0 26 49 4
1 17 39 3
0 2 10 0
0 1 5 0
241 873 512 245
125,778 209,860 306,560 182,118
119,000 192,500 262,700 162,900
TOTALS REPORT
SOLD 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
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 9/14/2016
Dane County SalesAugust 2016 ‐ 854August 2015 ‐ 741 August 2014 ‐ 708
Regional County SalesAugust 2016 ‐ 1,636August 2015 ‐ 1,435August 2014 ‐ 1,357
$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 9/14/2016
Dane County MedianAugust 2016 ‐ $250,000August 2015 ‐ $245,000August 2014 ‐ $233,500
Regional County MedianAugust 2016 ‐ $198,700August 2015 ‐ $185,000August 2014 ‐ $175,000
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
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 9/14/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County InventoryAugust 2016 ‐ 1,553August 2015 ‐ 2,115August 2014 ‐ 2,782
Regional County InventoryAugust 2016 ‐ 5,151August 2015 ‐ 6,771August 2014 ‐ 8,221
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 9/14/2016
Dane County SupplyAugust 2016 ‐ 2.35 Months August 2015 ‐ 3.27 MonthsAugust 2014 ‐ 4.80 Months
Regional County SupplyAugust 2016 ‐ 4.09 MonthsAugust 2015 ‐ 5.59 MonthsAugust 2014 ‐ 7.51 Months
Months Supply = current inventory divided by the average sales for the most current 12 months
Market Update Video
Select here to view the Home Sales Reports
& current Market Update Videos online.
Real Estate Market Statistics—August 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 12, 2016.
Deforest School District
# New Listings 41 345 34 292
# Sales 46 293 21 238
Average Sale Price $254,079 $268,444 $242,845 $235,102
Median Sale Price Single Family $266,000 $260,500 $234,000 $231,000
Median Sale Price Condo $163,700 $163,900 $247,450 $155,900
Total # Active Residential Listings at end of period
77 78
Lodi School District
# New Listings 13 149 24 178
# Sales 15 95 10 107
Average Sale Price $262,457 $254,148 $263,491 $249,029
Median Sale Price Single Family $255,000 $245,000 $236,000 $238,400
Median Sale Price Condo $296,250 $248,000 $145,500 $251,750
Total # Active Residential Listings at end of period
75 101
Edgerton School District
# New Listings 24 275 32 270
# Sales 39 207 20 145
Average Sale Price $183,964 $169,089 $144,110 $144,986
Median Sale Price Single Family $173,000 $164,000 $142,500 $143,250
Median Sale Price Condo —- $154,900 $115,000 $115,000
Total # Active Residential Listings at end of period
93
Barneveld School District August
2016 2016 YTD August
2015 2015 YTD
# New Listings 2 24 5 35
# Sales 1 18 3 17
Average Sale Price $89,500 $231,969 $218,233 $238,551
Median Sale Price Single Family $89,500 $187,450 $154,400 $182,500
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
11
Real Estate Market Statistics—August 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 12, 2016.
Mount Horeb School District
# New Listings 19 159 23 160
# Sales 14 99 12 96
Average Sale Price $330,300 $312,762 $255,208 $290,423
Median Sale Price Single Family $301,000 $270,000 $272,250 $249,450
Median Sale Price Condo —- $185,000 —- —-
Total # Active Residential Listings at end of period
54 69
Stoughton School District
# New Listings 24 265 35 296
# Sales 25 230 29 227
Average Sale Price $211,038 $234,678 $223,765 $230,198
Median Sale Price Single Family $195,000 $220,450 $215,000 $210,000
Median Sale Price Condo $99,300 $109,900 $68,000 $160,000
Total # Active Residential Listings at end of period
54 92
Oregon School District
# New Listings 40 307 25 318
# Sales 47 227 22 256
Average Sale Price $274,678 $282,812 $237,775 $268,916
Median Sale Price Single Family $270,000 $270,000 $221,000 $251,000
Median Sale Price Condo $200,000 $191,000 $162,500 $162,500
Total # Active Residential Listings at end of period
87 96
McFarland School District August
2016 2016 YTD August
2015 2015 YTD
# New Listings 15 200 16 189
# Sales 28 182 21 163
Average Sale Price $328,958 $295,658 $247,772 $274,394
Median Sale Price Single Family $299,900 $262,000 $248,500 $255,024
Median Sale Price Condo $279,500 $271,400 $145,000 $209,250
Total # Active Residential Listings at end of period
41 57
Real Estate Market Statistics—August 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 12, 2016.
Community & Neighborhood Videos
Verona School District
# New Listings 38 384 34 391
# Sales 34 296 43 299
Average Sale Price $291,100 $293,870 $290,597 $284,331
Median Sale Price Single Family $334,900 $319,900 $278,500 $280,802
Median Sale Price Condo $176,000 $174,900 $170,000 $166,000
Total # Active Residential Listings at end of period
94 110
WI Heights School District
# New Listings 10 84 7 90
# Sales 9 62 5 51
Average Sale Price $376,667 $260,068 $262,720 $279,311
Median Sale Price Single Family $286,000 $224,950 $287,000 $232,500
Median Sale Price Condo —- $110,000 —- $80,000
Total # Active Residential Listings at end of period
33 50
Sun Prairie School District August
2016 2016 YTD August
2015 2015 YTD
# New Listings 78 734 74 707
# Sales 98 606 72 584
Average Sale Price $253,124 $241,112 $248,477 $229,496
Median Sale Price Single Family $255,000 $255,900 $247,996 $239,900
Median Sale Price Condo $186,900 $151,000 $155,000 $142,000
Total # Active Residential Listings at end of period
134 162
Real Estate Market Statistics—August 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 12, 2016.
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Home Sales Reports
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Middleton-Cross Plains School District
August 2016 2016 YTD
August 2015 2015 YTD
# New Listings 73 637 62 598
# Sales 71 435 67 428
Average Sale Price $373,710 $402,345 $409,080 $365,274
Median Sale Price Single Family $412,000 $418,000 $435,000 $394,400
Median Sale Price Condo $152,450 $156,750 $156,000 $140,000
Total # Active Residential Listings at end of period
180 180
Waunakee School District
# New Listings 47 381 41 370
# Sales 41 263 40 235
Average Sale Price $370,951 $363,968 $322,060 $348,798
Median Sale Price Single Family $400,000 $383,900 $340,750 $380,000
Median Sale Price Condo $199,000 $215,500 $176,250 $177,075
Total # Active Residential Listings at end of period
104 134
Fitchburg Home Prices—August 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 12, 2016.
Madison School District in Fitchburg
August 2016 2016 YTD
August 2015 2015 YTD
# New Listings 18 180 24 254
# Sales 17 164 19 165
Average Sale Price $297,059 $289,248 $315,796 $263,356
Median Sale Price Single Family $329,500 $319,900 $305,000 $286,000
Median Sale Price Condo $230,000 $209,900 $183,500 $190,306
Total # Active Residential Listings at end of period
35 72
Verona School District in Fitchburg
# New Listings 13 115 9 110
# Sales 11 66 13 80
Average Sale Price $324,350 $301,261 $323,415 $291,875
Median Sale Price Single Family $451,500 $301,000 $248,500 $247,750
Median Sale Price Condo $118,000 $176,000 $485,000 $221,750
Total # Active Residential Listings at end of period
29 26
Oregon School District in Fitchburg
# New Listings 4 22 3 40
# Sales 5 25 2 39
Average Sale Price $296,214 $287,941 $208,725 $262,963
Median Sale Price Single Family $318,671 $265,000 $208,725 $242,000
Median Sale Price Condo —- $294,500 —- $284,950
Total # Active Residential Listings at end of period
6 11
The city of Fitchburg is served by 3 school districts: Madison, Oregon, Verona
Madison High Schools—August 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 12, 2016.
Lafollette High School
# New Listings 71 642 77 690
# Sales 83 564 61 605
Average Sale Price $208,935 $210,269 $220,616 $199,110
Median Sale Price Single Family $226,000 $220,000 $215,500 $198,250
Median Sale Price Condo $125,000 $124,900 $115,000 $130,100
Total # Active Residential Listings at end of period
88 135
West High School
# New Listings 84 737 83 844
# Sales 96 615 86 631
Average Sale Price $351,854 $329,271 $342,431 $320,462
Median Sale Price Single Family $336,500 $322,000 $324,500 $299,000
Median Sale Price Condo $244,750 $235,000 $256,000 $234,500
Total # Active Residential Listings at end of period
183 242
Memorial High School
# New Listings 110 1,028 94 1,148
# Sales 117 921 98 938
Average Sale Price $257,466 $251,244 $245,946 $240,450
Median Sale Price Single Family $275,000 $270,000 $260,000 $253,000
Median Sale Price Condo $147,950 $153,950 $117,500 $142,000
Total # Active Residential Listings at end of period
191 296
East High School August
2016 2016 YTD August
2015 2015 YTD
# New Listings 60 621 73 659
# Sales 86 545 75 536
Average Sale Price $290,716 $230,166 $202,112 $202,932
Median Sale Price Single Family $199,450 $186,250 $186,000 $180,000
Median Sale Price Condo $140,000 $152,000 $125,000 $135,000
Total # Active Residential Listings at end of period
87 161
The city of Madison is comprised of 4 high schools.
