Hawk's Landing (Madison, WI)
By Mindy Allen, Broker, ABR
(Keller Williams Realty)
Existing-Home Sales Expected in Early 2008, then Gradual RiseOver the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market.  "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said.  "On the other, consumers continue to wait for additional signs of market stabilization.  There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."NAR also encourages the Fed to make ...
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By Mindy Allen, Broker, ABR
(Keller Williams Realty)
Housing "crisis" to spare Wisconsin According to a report released by the U.S. conference of mayors, the fallout from the mortgage crisis will be minimal in Wisconsin.  In 2008, the (national) economy will grow at a rate of 1.9%; however, the economies of Wisconsin cities are expected to grow between 2.3% and 3.4%. The result is better in Wisconsin because area prices and mortgage values did not climb as much or as rapidly as in other parts of the country. According to the report, house prices will remain stable, if not increase slightly, in Wisconsin. Nationally, home prices will fall 7% in 2008, the report says. The prediction tracks with a report last week from the Wisconsin Realtors Association. That report found that in the third quarter, home prices rose 2.4% statewide to a median...
Comments 1
By Mindy Allen, Broker, ABR
(Keller Williams Realty)
While the numbers of listings have remained fairly consistent, however, in your neighborhood the homes sales have increased from 4 in August to 5 in September thanks to the 3 pending sales and 2 with accepted offers. With 4th quarter starting off with some great drops in interest rates, the housing market is expected to pick up. Here are your statistics for the Hawk's Landing Neighborhood for the month of September as well as a comparison of 2nd to 3rd quarter:  Residential Homes SalesActive Listings: 190 homes with accepted offersAverage Asking Price: $659,173Average Price per Square Foot: $152List Price Range: $1,245,000 (high) to $459,900 (low)1 Pending Sale at 629,900 September 2007 Sales: 5 SalesAverage List Price: $565,920Average Sold Price: $557,500Average List Price per Square F...
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By Mindy Allen, Broker, ABR
(Keller Williams Realty)
Hawk's Landing Statistics Current Active Listings: 21, 2 with accepted offersAverage List Price: $645,957Average List Price/Square Foot: $152List Price High: $1,245,000List Price Low: $459,900 PendingPending Sales: 3Average List Price: $609,900Average List Price/Square Foot: $151List Price High: $559,900List Price Low: $669,900 August SalesAugust Sales: 4Average List Price: $933,419Average List Price/Square Foot: $174List Price High: $1,575,000List Price Low: $649,900Average Sold Price: $873.732Average Sold Price/Square Foot: $165Sold Price High: $1,350,000Sold Price Low: $643,000Days On Market: 31 July SalesJuly Sales: 2Average List Price: $564,375Average List Price/Square Foot: $148List Price High: $609,000List Price Low: $519,750Average Sold Price: $527,500Average Sold Price/Square F...
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Madison, WI Real Estate Professionals