October 2015 Home Sales Report

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Home Sales Report October 2015

http://www.cbsuccess.com/home-sales-reports

November 18, 2015

Fourth Quarter Starts with a Bang! The 586 Dane County sales reported for October are 18.9% more than 2014 and are the highest total for the month since 2004. This brings year-to-date sales to 6950 which is 13.6% ahead of last year and on pace to be one of the top three years of home sales ever.

The median sale price in Dane County for October is $230,000, the same as it is year-to-date. Compared to the median sale price for the first 10 months of last year, there is a 4.6% increase. As can be seen from the chart below, the annual median sale price has demonstrated solid growth since 2012 and is exceeding the previous annual high of $218,000 set at the end of 2007.

Once again, new listings increased – 4% for the month – but the higher volume of sales continues to keep the number of homes for sale very lean. Only 3.06 months of active inventory is now available compared to 4.5 months just one year ago.

October Home Sales Report

Across the eight county primary market region of the South Central Wisconsin MLS, sales increased 3.8% in October and now stand 11.7% ahead of last year. The median price increased as well – up 7.2% for the month and 6.2% year-to-date. All counties are equaling or exceeding 2014 in year-to-date sales and median prices.

With great interest rates still in place, pending the Federal Reserve’s next meeting in December, and steadily rising prices, many buyers have recognized that waiting to act may cost more. Now is a great time to contact your REALTOR®.

South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)

2015 2014 2013 2015 2014 2013

103 87 87 1,135 1,066 1,093

83 68 60 698 591 589

194,404 170,564 130,308 181,203 166,815 149,297

161,500 158,500 115,750 158,000 149,000 134,000

468 555 589 468 555 589

2015 2014 2013 2015 2014 2013

663 639 670 8,876 8,729 9,076

586 493 502 6,950 6,118 6,582

268,130 258,060 247,174 261,568 250,739 242,328

230,000 227,000 217,398 230,000 220,000 212,950

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

OCTOBER & Year-to-date Statistics 2015 Current sales reported as of November 15, 2015

# New Listings

COLUMBIA COUNTY

October January - October

# 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.

73 0

84 8

152 9

174 25

255 34

252 39

308 38

265 40

475 82

552 76

492 89

526 93

473 57

847 97

665 73

741 99

345 62

348 38

137 9

125 5

7,289 973

252,414 222,970

184,900 169,900 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 88 4

11 16 2 2

11 12 2 0

7 23 4 5

13 21 4 5

10 19 5 8

11 22 4 11

14 27 6 2

22 14 31 26

71 16 91 30

71 85 71 23

17 57 15 20

8 56 22 13

9 93 48 23

4 62 48 12

4 48 66 7

1 11 37 2

0 6 25 3

0 0 10 0

000 1

188 642 354 193

115,561 180,186 300,472 166,384

109,400 163,250 259,500 144,900 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

More MLS statistics are available at cbsuccess.com/home-sales-reports

*Sales for the month & current active listings are reported as of11/15/2015. The Current Active Listings Chart includes all listings available forshowings, 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.



Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 11/15/2015

0

100

200

300

400

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900

Num

ber o

f Hom

es Sold

Dane County SalesOctober 2015 ‐ 586October 2014 ‐ 493 October 2013 ‐ 502

8 County Regional SalesOctober 2015 ‐ 1,067October 2014 ‐ 1,028October 2013 ‐ 925

Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties

Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 11/15/2015

$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 MedianOctober 2015 ‐ $230,000October 2014 ‐ $227,000October 2013 ‐ $217,398

8 County Regional MedianOctober 2015 ‐ $182,000October 2014 ‐ $169,900October 2013 ‐ $165,000

Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 11/15/2015

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

11,000

Num

ber o

f Active Listings

Dane County InventoryOctober 2015 ‐ 1,993October 2014 ‐ 2,600October 2013 ‐ 2,852

8 County Regional InventoryOctober 2015 ‐ 4,780October 2014 ‐ 6,080October 2013 ‐ 6,627

Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties

Months Supply of Inventory for Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 11/15/2015

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

Mon

ths o

f Inven

tory

Dane County SupplyOctober 2015 ‐ 3.06 Months October 2014 ‐ 4.48 MonthsOctober 2013 ‐ 4.64 Months

8 County Regional SupplyOctober 2015 ‐ 4.33 MonthsOctober 2014 ‐ 6.07 MonthsOctober 2013 ‐ 6.53 Months

Real Estate Market Statistics—Oct 2015

Stoughton School District October 2015

2014 YTD 2015 YTD October 2014

# New Listings 30 377 356 21

# Sales 23 238 273 28

Average Sale Price $240,451 $218,038 $232,398 $226,624

Median Sale Price Single Family $221,582 $200,000 $214,900 $224,950

Median Sale Price Condo $77,000 $140,000 $114,900 $188,450

Total # Active Residential Listings at end of period

92 131

Oregon School District October 2015

2015 YTD October 2014

2014 YTD

# New Listings 27 369 31 384

# Sales 22 299 21 241





76 136

Verona School District October 2015


2014 YTD

# New Listings 32 468 24 470

# Sales 28 370 30 332





111 108

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of November 12, 2015.



Deforest School District October 2015


2014 YTD

# New Listings 24 347 45 335

# Sales 26 299 10 234 Average Sale Price $293,963 $241,937 $208,009 $230,636




74 122

Sun Prairie School District

October 2015


2014 YTD

# New Listings 55 831 61 775

# Sales 59 701 42 663





139 197

McFarland School District October 2015


2014 YTD

# New Listings 23 233 20 254

# Sales 12 196 20 160





57 68



Lodi School District October 2015


2014 YTD

# New Listings 12 204 14 218

# Sales 15 136 12 111



Median Sale Price Condo —- $263,500 $205,000 $218,000


90

Wisconsin Heights School District October 2015


2014 YTD

# New Listings 10 111 7 122

# Sales 14 67 7 76



Median Sale Price Condo —- $80,000 —- —-


43 52

Mount Horeb School District October 2015


2014 YTD

# New Listings 11 188 12 194 # Sales 14 128 9 115



Median Sale Price Condo $180,000 $209,950 —- $191,250


53 71



Middleton-Cross Plains School District

October 2015


2014 YTD

# New Listings 50 710 43 735





166 181

Waunakee School District October 2015


2014 YTD

# New Listings 30 455 31 439





121 126

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Fitchburg Home Prices—Oct 2015


Madison School District in Fitchburg

October 2015


2014 YTD






60 51

Verona School District in Fitchburg

October 2015


2014 YTD


# Sales 4 100 6 73



Median Sale Price Condo $72,500 $187,000 —- $257,500


30 33

Oregon School District in Fitchburg

October 2015


2014 YTD


# Sales 1 43 4 37



Median Sale Price Condo —- $284,950 $279,500 $278,000


5 21

Madison High Schools—Oct 2015

Lafollette High School October 2015


2014 YTD

# New Listings 51 813 51 737

# Sales 65 728 38 561



Median Sale Price Condo $118,900 $128,500 $102,900 $110,750 Total # Active Residential Listings at end of period

129 204

West High School October 2015


2014 YTD

# New Listings 65 982 54 931 # Sales 62 759 69 692





228 248

Memorial High School October 2015


2014 YTD

# New Listings 82 1,336 91 1,308

# Sales 87 1,110 81 959 Average Sale Price $259,210 $242,083 $247,951 $234,889




274 338

East High School October 2015


2014 YTD

# New Listings 48 774 53 756 # Sales 56 652 45 557 Average Sale Price $222,068 $207,467 $213,275 $196,501




150 179
