February 07, 2011

The road to Real Estate Recovery - Are We On The Right Path In Southeastern Wisconsin?

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Buyers and sellers alike with they had a crystal ball to see the “right” time to buy or sell, but the best I can do is to review the stats for Walworth County.

When you look at what closed in the month of January for the last couple of years for all real estate sales in our MLS - there is definately a pattern that followed what we have already experienced.

* 2006 - 106 sold properties

* 2007 - 90 sold properties

* 2008 - 57 sold properties

* 2009 - 43 sold properties

* 2010 - 45 sold properties

* 2011 - 69 sold properties

Is 2011 the year to buy? If you want to capitalize on an overstock of inventory (single family, condo, vacant land) and low interest rates it should be! There are some great buys still available even if the average list to sales price is currently at 94%.

Sellers - the list to sales price percentage is something you should note because in 2010 it was 85%. For example, you have a $100,000 home in Walworth County. If you sold it in 2010, you averaged $85,000 in a sales price. Take the same $100,000 home in 2011, and you are looking at $94,000 average in a sales price. I am sure you can do the math!

Are we on the right path? I hope the answer is crystal clear! If not, just call, text or email to chat in depth about real estate sales in the Lake Geneva and surrounding areas.

Posted by:  Stacey Schultz

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