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Relocation Information & Assistance 608.276.3161WWW.CBSUCCESS.COM/RELOCATION
Home Sales Report July 2016
Lean Inventory Impacting Sales
With active inventories falling in all six market regions of the South Central Wisconsin Multiple Listing Service, it is no surprise that July single family home sales (including condominiums) fell in five of the six markets compared to last year. Only the Adams/Green Lake/Marquette/Waushara market region saw an increase in monthly sales over 2015.
Year-to-date sales are ahead in one-half of the SCWMLS but slightly down in Dane County and in the Crawford/Richland/Vernon and the Grant/Iowa/Lafayette county markets.
To give this a bit of perspective, however, it is important to remember that 2015 was an exceptional year – recording the highest number of sales overall for the SCWMLS since 2005 and narrowly missing the all-time record in Dane County.
July Home Sales Report
August 16, 2016
The lean inventory of single family homes and condominiums in Dane County has created strong competition among buyers, especially in the price range under $300,000. Six months of active inventory supply is generally considered to represent a balanced market between buyers and sellers. The impact of such competition can be easily seen with the year-to-date increases in median prices for both single family homes and for condominiums.
Overall, median prices are up throughout the SCWMLS:
The good news for prospective home buyers is a strong economy, historically low interest rates, which help with affordability even in the face of rising prices, and a steady consumer confidence index. The equally good news for prospective home sellers is that there are buyers waiting for your home. Now is the time to contact your Realtor® professional.
2016 2015 2014 2016 2015 2014
104 126 133 750 837 781
90 99 57 494 464 410
195,763 183,623 187,571 190,514 177,149 160,380
174,000 165,000 175,000 173,000 158,500 146,700
383 498 572 383 498 572
2016 2015 2014 2016 2015 2014
850 1,009 963 6,366 6,709 6,646
866 1,038 873 4,911 5,077 4,344
280,761 265,237 263,838 273,404 258,497 247,969
255,000 229,950 235,000 244,000 228,500 218,000
1,498 2,018 2,728 1,498 2,018 2,728
2016 2015 2014 2016 2015 2014
231 285 284 1,705 1,841 1,833
221 243 184 1,321 1,243 1,088
152,711 140,610 135,218 146,074 129,973 124,615
137,500 130,500 129,950 134,900 123,900 115,000
563 859 1,058 563 859 1,058
ROCK COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
DANE COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
COLUMBIA COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
JULY 2016 STATISTICS JANUARY - JULY
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
Current sales reported as of August 15, 2016 - More MLS statistics are available at 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.
*Sales for the month & current active listings are reported as of 8/15/2016. 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.
TOTALS REPORT SOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE 0-2
Bedroom 3
Bedroom 4+
Bedroom
Condo/ Co-Op
less than 30,000 11 8 1 1
30,000 - 39,999 5 5 4 1
40,000 - 49,999 10 4 8 1
50,000 - 59,999 13 9 6 1
60,000 - 69,999 13 15 5 2
70,000 - 79,999 14 19 9 8
80,000 - 89,999 13 21 9 13
90,000 - 99,999 14 26 4 5
100,000 - 119,999 28 57 10 19
120,000 - 139,999 15 81 14 31
140,000 - 159,999 20 57 14 31
160,000 - 179,999 10 63 16 29
180,000 - 199,999 10 89 27 22
200,000 - 249,999 11 153 75 30
250,000 - 299,999 5 119 73 28
300,000 - 399,999 2 72 108 18
400,000 - 499,999 1 22 67 9
500,000 - 749,999 1 10 42 2
750,000 - 999,999 0 2 7 1
over 1,000,000 0 2 3 0
Total Types 196 834 502 252
AVERAGE PRICE 116,044 204,504 304,898 193,481
MEDIAN PRICE 102,100 193,000 278,250 170,000
CURRENT ACTIVE LISTINGS
PRICE CLASS/TYPE
Single Family
Condo/ Co-Op
less than 30,000 59 1
30,000 - 39,999 78 3
40,000 - 49,999 138 13
50,000 - 59,999 184 19
60,000 - 69,999 210 17
70,000 - 79,999 214 27
80,000 - 89,999 258 32
90,000 - 99,999 200 33
100,000 - 119,999 455 70
120,000 - 139,999 552 80
140,000 - 159,999 459 80
160,000 - 179,999 487 79
180,000 - 199,999 446 77
200,000 - 249,999 855 107
250,000 - 299,999 674 72
300,000 - 399,999 865 113
400,000 - 499,999 410 58
500,000 - 749,999 413 20
750,000 - 999,999 161 10
over 1,000,000 119 3
Total Types 7,237 914
Average price 266,656 224,445
Median price 198,700 184,250
Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 8/15/2016
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
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County SalesJuly 2016 ‐ 866July 2015 ‐ 1,038 July 2014 ‐ 873
Regional County SalesJuly 2016 ‐ 1,591July 2015 ‐ 1,858July 2014 ‐ 1,471
Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 8/15/2016
$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
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, LaFayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County MedianJuly 2016 ‐ $255,000July 2015 ‐ $229,950July 2014 ‐ $235,000
Regional County MedianJuly 2016 ‐ $201,000July 2015 ‐ $187,195July 2014 ‐ $192,000
Available Single Family Homes (Inc Condos) Reported by the South Central WI MLS as of 8/15/2016
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
10,000
Num
ber o
f Active Listings
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County InventoryJuly 2016 ‐ 1,498 July 2015 ‐ 2,018 July 2014 ‐ 2,728
Regional County InventoryJuly 2016 ‐ 5,149 July 2015 ‐ 6,747 July 2014 ‐ 8,149
Months Supply of Inventory for Single Family Homes (Inc Condos) Reported by the South Central WI MLS as of 8/15/2016
0
1
2
3
4
5
6
7
8
9
10
11
12
Mon
ths o
f Inven
tory
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County SupplyJuly 2016 ‐ 2.31 Months July 2015 ‐ 3.13 MonthsJuly 2014 ‐ 4.59 Months
Regional County SupplyJuly 2016 ‐ 4.15 MonthsJuly 2015 ‐ 5.60 MonthsJuly 2014 ‐ 7.34 Months
Market Update Videos
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& current Market Update Videos online.
Real Estate Market Statistics—JULY 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August12, 2016.
Deforest School District
# New Listings 37 302 29 253
# Sales 39 245 46 214
Average Sale Price $270,785 $270,118 $239,456 $232,953
Median Sale Price Single Family $259,900 $259,900 $245,000 $230,000
Median Sale Price Condo $257,201 $163,450 $149,900 $154,000
Total # Active Residential Listings at end of period
69 81
Lodi School District
# New Listings 14 136 19 155
# Sales 20 80 16 95
Average Sale Price $257,205 $252,596 $229,263 $243,961
Median Sale Price Single Family $255,000 $241,000 $193,900 $238,200
Median Sale Price Condo $230,000 $240,000 $275,000 $263,500
Total # Active Residential Listings at end of period
87 100
Edgerton School District
# New Listings 29 250 30 238
# Sales 22 168 28 125
Average Sale Price $136,258 $165,636 $153,402 $145,126
Median Sale Price Single Family $137,950 $160,000 $162,900 $144,000
Median Sale Price Condo —- $154,900 $97,000 $126,000
Total # Active Residential Listings at end of period
91
Barneveld School DistrictJuly2016 2016 YTD
July2015 2015 YTD
# New Listings 4 22 7 30
# Sales 3 17 5 14
Average Sale Price $175,667 $240,350 $251,800 $242,905
Median Sale Price Single Family $157,000 $190,000 $240,000 $201,450
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
10
Real Estate Market Statistics—JULY 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August12, 2016.
Mount Horeb School District
# New Listings 11 139 25 136
# Sales 16 84 12 84
Average Sale Price $294,852 $309,515 $277,109 $295,453
Median Sale Price Single Family $270,000 $260,000 $222,750 $247,500
Median Sale Price Condo $240,000 $185,000 —- —-
Total # Active Residential Listings at end of period
55 67
Stoughton School District
# New Listings 34 241 30 262
# Sales 34 204 33 198
Average Sale Price $250,506 $237,941 $269,364 $231,141
Median Sale Price Single Family $234,500 $223,000 $235,859 $210,000
Median Sale Price Condo $83,900 $137,000 $322,000 $163,450
Total # Active Residential Listings at end of period
56 89
Oregon School District
# New Listings 33 265 38 294
# Sales 35 180 40 233
Average Sale Price $309,115 $285,525 $238,278 $271,376
Median Sale Price Single Family $285,000 $270,000 $227,000 $253,000
Median Sale Price Condo $286,077 $191,000 $192,500 $161,950
Total # Active Residential Listings at end of period
73 94
McFarland School DistrictJuly2016 2016 YTD
July2015 2015 YTD
# New Listings 26 181 33 168
# Sales 30 154 17 142
Average Sale Price $267,777 $289,604 $270,880 $278,332
Median Sale Price Single Family $252,500 $260,378 $275,000 $258,908
Median Sale Price Condo $273,200 $265,650 $228,869 $212,500
Total # Active Residential Listings at end of period
35 53
Real Estate Market Statistics—JULY 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August12, 2016.
Community & Neighborhood Videos
Verona School District
# New Listings 39 344 58 351
# Sales 45 260 47 256
Average Sale Price $317,932 $295,005 $282,460 $283,279
Median Sale Price Single Family $340,000 $317,900 $275,000 $281,605
Median Sale Price Condo $172,450 $174,900 $173,900 $166,000
Total # Active Residential Listings at end of period
98 115
WI Heights School District
# New Listings 9 75 12 83
# Sales 10 53 7 46
Average Sale Price $269,090 $240,269 $217,986 $281,114
Median Sale Price Single Family $204,950 $200,000 $193,500 $230,000
Median Sale Price Condo —- $110,000 —- $80,000
Total # Active Residential Listings at end of period
36 55
Sun Prairie School DistrictJuly2016 2016 YTD
July2015 2015 YTD
# New Listings 79 651 93 621
# Sales 111 505 112 512
Average Sale Price $240,427 $238,465 $230,087 $226,826
Median Sale Price Single Family $269,900 $255,900 $247,450 $235,250
Median Sale Price Condo $162,500 $148,250 $136,050 $138,550
Total # Active Residential Listings at end of period
121 148
Real Estate Market Statistics—JULY 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August12, 2016.
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Middleton-Cross Plains School District
July2016 2016 YTD
July2015 2015 YTD
# New Listings 70 561 70 531
# Sales 74 364 74 361
Average Sale Price $383,936 $407,931 $382,577 $357,144
Median Sale Price Single Family $420,250 $420,700 $405,000 $390,361
Median Sale Price Condo $151,950 $156,750 $200,000 $140,000
Total # Active Residential Listings at end of period
181 179
Waunakee School District
# New Listings 30 334 41 331
# Sales 29 216 43 193
Average Sale Price $339,640 $361,205 $396,800 $350,829
Median Sale Price Single Family $340,000 $370,900 $407,500 $389,000
Median Sale Price Condo $188,500 $216,000 $130,000 $177,075
Total # Active Residential Listings at end of period
106 125
Fitchburg Home Prices—JULY 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August 12, 2016.
Madison School District in Fitchburg
July2016 2016 YTD
July2015 2015 YTD
# New Listings 20 142 36 200
# Sales 31 125 37 116
Average Sale Price $270,039 $289,488 $251,121 $253,132
Median Sale Price Single Family $315,000 $319,900 $312,000 $285,000
Median Sale Price Condo $209,900 $197,450 $177,270 $184,950
Total # Active Residential Listings at end of period
32 61
Verona School District inFitchburg
# New Listings 17 91 14 88
# Sales 16 45 21 55
Average Sale Price $302,913 $292,406 $300,378 $279,495
Median Sale Price Single Family $320,000 $267,500 $253,500 $239,500
Median Sale Price Condo $110,000 $182,000 $126,450 $192,000
Total # Active Residential Listings at end of period
41 28
Oregon School District inFitchburg
# New Listings 4 16 4 29
# Sales 2 19 8 29
Average Sale Price $290,000 $284,445 $255,113 $270,512
Median Sale Price Single Family $290,000 $259,900 $207,000 $288,700
Median Sale Price Condo —- $270,000 $285,000 $284,900
Total # Active Residential Listings at end of period
3 6
The city of Fitchburg is served by 3 school districts: Madison, Oregon, Verona
Madison High Schools—JULY 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August 12, 2016.
Lafollette High School
# New Listings 75 484 79 529
# Sales 109 396 104 436
Average Sale Price $212,925 $206,798 $211,022 $195,581
Median Sale Price Single Family $225,000 $215,000 $213,032 $197,650
Median Sale Price Condo $125,950 $120,000 $139,450 $129,500
Total # Active Residential Listings at end of period
81 118
West High School
# New Listings 99 570 134 654
# Sales 113 411 127 428
Average Sale Price $337,338 $319,154 $304,000 $308,649
Median Sale Price Single Family $323,950 $313,000 $296,450 $290,000
Median Sale Price Condo $211,000 $227,750 $185,000 $215,450
Total # Active Residential Listings at end of period
180 217
Memorial High School
# New Listings 119 792 156 901
# Sales 175 668 158 663
Average Sale Price $260,731 $249,115 $240,653 $241,393
Median Sale Price Single Family $270,500 $270,000 $250,000 $250,273
Median Sale Price Condo $165,000 $150,000 $155,000 $145,000
Total # Active Residential Listings at end of period
173 274
East High SchoolJuly2016 2016 YTD
July2015 2015 YTD
# New Listings 78 459 106 503
# Sales 107 385 91 337
Average Sale Price $231,747 $216,948 $199,103 $196,455
Median Sale Price Single Family $185,750 $184,950 $179,900 $173,200
Median Sale Price Condo $115,000 $141,000 $130,000 $131,000
Total # Active Residential Listings at end of period
85 152
The city of Madison is comprised of 4 high schools.
