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Home Sales Report June 2015
Record Homes Sales for June
Dane County home sales reached 1,091 in June – an all-time record for the month – and 11.7% more than June 2014. Year-to-date, the 3,988 reported sales are also a record, exceeding the 3,966 sales reported for the first six months of 2005. That year sales reached 8,041, the highest annual total so far.
Based on annual sales for the last 10 years, 2015 is on pace for 7,700+ sales. Over that time, 51.2% of the sales have occurred in the first half of the year. It is interesting to note, however, that in 2005, the sales of the last half of the year were slightly higher than the first half.
Median prices continue to climb, reflecting the market condition of a strong demand outpacing the supply. For the month, the median sale price in Dane County rose 5% over June, 2014 and is 7.1% higher year-to-date when compared to the same time frame last year. As can be seen from the chart below, the twelve month median sale price has fully recovered from the previous high mark of 2007-08.
June Home Sales Report
While new listings in Dane County kept pace with 2014 for the first half of the year, the increase in sales continues to reduce the available supply of active listings for prospective home buyers to consider. This condition in the market will remain as long as sales are growing faster than inventory.
The positive news for sales and median prices is predominant throughout the primary market* for the SCWMLS. All counties, with the exception of Dodge and Grant Counties, are exceeding 2014 in sales (Dodge and Grant County did have increased sales for June). All counties, without exception, report median sale price increases for the month of June and year-to-date. For the first half of the year, sales are up 11.3% and median sale price is 8.5% higher for the region.
Demand is expected to remain high for the second half of the year. With low inventories, prices will continue to rise. And it appears that the predictions of increases in interest rates are finally coming true. Much like the first six months, a fast-paced market is likely to continue. Expert advice and counsel from a real estate professional will be very valuable to buyers and sellers both.
*The eight counties comprising the primary market of the South Central Wisconsin MLS areColumbia, Dane, Dodge, Grant, Green, Iowa, Rock and Sauk Counties.
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
2015 2014 2013 2015 2014 2013
112 114 116 711 648 680
101 75 63 365 353 315
189,837 164,820 176,787 175,394 155,989 143,781
175,000 159,900 159,900 155,900 140,000 124,900
492 554 634 492 554 634
2015 2014 2013 2015 2014 2013
1,015 1,039 1,019 5,700 5,683 5,836
1,091 977 951 3,988 3,471 3,704
264,442 258,863 252,622 255,906 243,978 235,895
234,900 223,755 224,000 227,950 212,900 209,900
1,960 2,653 2,864 1,960 2,653 2,864
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
DANE COUNTY
Total # Active Residential Listings at end of Period
# New Listings
# Sales
JUNE & Year-to-date Statistics 2015 Current sales reported as of July 12, 2015
# New Listings
COLUMBIA COUNTY
June January - June
# Sales
Average Sale Price
Median Sale Price
More MLS statistics are available at cbsuccess.com/home-sales-reportsNOTE - 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.
78 2
101 8
165 9
229 9
272 42
285 52
342 46
348 65
593 106
704 124
599 104
596 123
577 69
998 115
801 88
895 108
436 64
438 46
153 8
148 6
8,758 1,194
252,623 213,617
184,900 165,900 Median price
Single Family
CURRENT ACTIVE LISTINGS
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
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
Average price
less than 30,000
Condo/Co-Op
PRICECLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
200,000 - 249,999
250,000 - 299,999
12 10 3 0
9 048
10 147
16 20 2 2
11 22 4 4
10 23 9 11
14 26 8 11
12 25 5 20
32 55 4125
63 98 5237
02 08 5235
15 111 33 30
11 82 36 28
12 200 96 25
11 127 87 12
5 79 109 17
1 12 59 6
0 14 39 3
0 2 11 0
0 0 41
227 993 577 268
123,082 196,599 292,137 178,185
117,110 185,000 258,908 152,000 MEDIAN PRICE
4+Bedroom
Condo/Co-Op
AVERAGE PRICE
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
over 1,000,000
Total Types
0-2Bedroom
3Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
120,000 - 139,999
140,000 - 159,999
100,000 - 119,999
TOTALS REPORTSOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
* Sales for the month & current active listings are reported as of7/13/2015. 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.
More MLS statistics are available at cbsuccess.com/home-sales-reports
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Num
ber o
f Hom
es
Sold
Single Family Solds (Inc Condos) Reported by the South Central WI MLS as of
7/13/2015
Dane County SalesJune 2015 ‐ 1,091 June 2014 ‐ 977 June 2013 ‐ 951
8 County Regional SalesJune 2015 ‐ 1,715 June 2014 ‐ 1,528 June 2013 ‐ 1,421
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
$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 7/13/2015
Dane County MedianJune 2015 ‐ $234,900June 2014 ‐ $223,755June 2013 ‐ $224,000
8 County Regional MedianJune 2015 ‐$199,700June 2014 ‐ $187,000June 2013 ‐ $190,000
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
10,500
11,000Num
ber o
f Active Listings
Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 7/13/2015
Dane County InventoryJune 2015 ‐ 1,960June 2014 ‐ 2,653June 2013 ‐ 2,864
8 County Regional InventoryJune 2015 ‐ 4,940June 2014 ‐ 6,274June 2013 ‐ 6,473
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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 7/13/2015
Dane County SupplyJune 2015 ‐ 3.13Months June 2014 ‐ 4.43 MonthsJune 2013 ‐ 5.10 Months
8 County Regional SupplyJune 2015 ‐ 4.67 MonthsJune 2014 ‐ 6.18 MonthsJune 2013 ‐ 6.79 Months
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Real Estate Market Statistics—June 2015
Stoughton School District June 2015 2014 YTD 2015 YTD June 2014
# New Listings 33 239 229 54 # Sales 45 128 164 35 Average Sale Price $220,263 $209,286 $223,213 $227,216 Median Sale Price Single Family $198,000 $182,500 $205,500 $214,250 Median Sale Price Condo $93,000 $139,500 $160,000 $128,000 Total # Active Residential Listings at end of period
89 141
Oregon School District June 2015
2015 YTD June 2014
2014 YTD
# New Listings 46 253 44 256
# Sales 67 193 42 141
Average Sale Price $296,463 $278,235 $273,888 $256,188
Median Sale Price Single Family $260,750 $255,000 $256,250 $232,000
Median Sale Price Condo $188,500 $151,000 $146,950 $158,000
Total # Active Residential Listings at end of period
84 142
Verona School District June 2015
2015 YTD June 2014
2014 YTD
# New Listings 52 293 58 320
# Sales 49 209 58 169
Average Sale Price $293,622 $283,463 $271,518 $285,860
Median Sale Price Single Family $291,600 $283,052 $274,000 $281,450
Median Sale Price Condo $170,000 $150,000 $169,500 $162,000
Total # Active Residential Listings at end of period
107 148
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of July 13, 2015.
Real Estate Market Statistics—June 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of July 13, 2015.
Deforest School District June 2015 2015 YTD June 2014
2014 YTD
# New Listings 31 221 33 219
# Sales 41 166 36 139 Average Sale Price $240,404 $230,630 $235,566 $229,540
Median Sale Price Single Family $255,000 $230,000 $235,750 $217,750
Median Sale Price Condo $148,500 $154,000 $136,500 $147,900
Total # Active Residential Listings at end of period
78
Sun Prairie School District
June 2015 2015 YTD June 2014 2014 YTD
# New Listings 79 522 76 483 # Sales 116 396 75 350
Average Sale Price $228,395 $226,487 $209,853 $211,314
Median Sale Price Single Family $242,750 $233,640 $235,069 $229,500
Median Sale Price Condo $137,450 $140,950 $131,950 $128,200
Total # Active Residential Listings at end of period
133 191
McFarland School District June 2015 2015 YTD June 2014 2014 YTD
# New Listings 28 135 30 161 # Sales 41 125 27 83
Average Sale Price $294,966 $279,345 $243,622 $240,818
Median Sale Price Single Family $260,000 $256,966 $230,622 $231,000
Median Sale Price Condo $188,000 $206,000 $193,500 $198,950
Total # Active Residential Listings at end of period
40 81
Real Estate Market Statistics—June 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of July 13, 2015.
Lodi School District June 2015 2015 YTD June 2014
2014 YTD
# New Listings 21 136 28 151
# Sales 30 79 17 61
Average Sale Price $240,547 $246,938 $221,582 $232,024
Median Sale Price Single Family $246,000 $238,400 $188,000 $192,500
Median Sale Price Condo $227,500 $251,750 —- $218,000
Total # Active Residential Listings at end of period
96
Wisconsin Heights School District June 2015 2015 YTD June 2014 2014 YTD
# New Listings 16 71 20 80 # Sales 13 39 7 45
Average Sale Price $252,712 $292,445 $317,414 $224,878
Median Sale Price Single Family $250,000 $232,500 $210,000 $181,000
Median Sale Price Condo $80,000 $80,000 —- —-
Total # Active Residential Listings at end of period
48 60
Mount Horeb School District June 2015 2015 YTD June 2014 2014 YTD
# New Listings 16 111 27 125
# Sales 23 72 14 67
Average Sale Price $291,689 $298,511 $226,216 $230,508
Median Sale Price Single Family $231,000 $252,950 $198,750 $201,750
Median Sale Price Condo —- —- —- $134,000
Total # Active Residential Listings at end of period
62 78
Real Estate Market Statistics—June 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of July 13, 2015.
Middleton-Cross Plains School District
June 2015 2015 YTD June 2014
2014 YTD
# New Listings 83 456 103 521
# Sales 84 286 88 276 Average Sale Price $366,682 $351,473 $375,702 $347,859
Median Sale Price Single Family $395,825 $382,500 $410,000 $350,250
Median Sale Price Condo $144,900 $132,900 $178,450 $160,500
Total # Active Residential Listings at end of period
182 245
Waunakee School District
June 2015 2015 YTD June 2014
2014 YTD
# New Listings 49 287 42 287
# Sales 45 150 40 118
Average Sale Price $326,686 $337,651 $346,411 $322,635
Median Sale Price Single Family $354,900 $365,000 $368,900 $336,000
Median Sale Price Condo $229,450 $178,000 $168,000 $166,250
Total # Active Residential Listings at end of period
146 181
Fitchburg Home Prices—June 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of July 13, 2015.
Madison School District in Fitchburg
June 2015 2015 YTD June 2014
2014 YTD
# New Listings 36 200 27 166
# Sales 37 116 31 109
Average Sale Price $251,121 $253,132 $241,113 $253,077
Median Sale Price Single Family $312,000 $285,000 $269,000 $296,500
Median Sale Price Condo $177,270 $184,950 $184,500 $176,500
Total # Active Residential Listings at end of period
61 53
Verona School District in Fitchburg
June 2015 2015 YTD June 2014 2014 YTD
# New Listings 14 88 12 79 # Sales 21 55 11 41
Average Sale Price $300,378 $279,495 $294,077 $326,094
Median Sale Price Single Family $253,500 $239,500 $201,725 $260,000
Median Sale Price Condo $126,450 $192,000 $470,000 $286,000
Total # Active Residential Listings at end of period
28 37
Oregon School District in Fitchburg
June 2015 2015 YTD June 2014 2014 YTD
# New Listings 4 29 2 37
# Sales 8 29 5 20
Average Sale Price $255,113 $270,512 $211,735 $238,266
Median Sale Price Single Family $207,000 $288,700 $163,086 $201,250
Median Sale Price Condo $285,000 $284,900 $267,500 $266,250
Total # Active Residential Listings at end of period
6 16
Madison High Schools—June 2015
Lafollette High School June 2015
2015 YTD June 2014
2014 YTD
# New Listings 79 529 87 497
# Sales 104 436 95 338
Average Sale Price $211,022 $195,581 $180,965 $175,789
Median Sale Price Single Family $213,032 $197,650 $188,950 $185,000
Median Sale Price Condo $139,450 $129,500 $110,000 $109,250 Total # Active Residential Listings at end of period
118 213
West High School June 2015
2015 YTD June 2014
2014 YTD
# New Listings 134 654 99 602 # Sales 127 428 136 426
Average Sale Price $304,000 $308,649 $322,523 $303,458
Median Sale Price Single Family $296,450 $290,000 $293,500 $290,000
Median Sale Price Condo $185,000 $215,450 $214,900 $225,000
Total # Active Residential Listings at end of period
217 253
Memorial High School June 2015
2015 YTD June 2014
2014 YTD
# New Listings 156 901 149 846
# Sales 158 663 140 559
Average Sale Price $240,653 $241,393 $228,841 $224,009
Median Sale Price Single Family $250,000 $250,273 $250,318 $234,200
Median Sale Price Condo $155,000 $145,000 $142,450 $147,900
Total # Active Residential Listings at end of period
274 359
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of July 13, 2015.
East High School June 2015
2015 YTD June 2014
2014 YTD
# New Listings 106 503 90 506
# Sales 91 337 89 309 Average Sale Price $199,103 $196,455 $194,824 $190,073
Median Sale Price Single Family $179,900 $173,200 $181,000 $175,000
Median Sale Price Condo $130,000 $131,000 $143,500 $132,000
Total # Active Residential Listings at end of period
152 205
