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Wauwatosa, WI Real Estate News

By Keith Manson
(First Weber Group/short sale/cdpe/gri)
There was 38 sales in November 2009 with an average sales price of $208,811 with a list to sales ratio of 92.40% and a average time on the market of 91 days.There are currently 19 accepted offers and 53 properties expired.There was a increase in sales activity for November 2009 results of 10 properties when compared to 2008 results and in addition 5 fewer homes were listed in 2009 than in 2008.Currently there are 289 properties listed with an average list price of $228,003 and have been on the market 179 days.
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
I am a independent contractor for Titanium Solutions that contracts with mortgage companies to work with borrowers that are delinquent to help them.  The banks are interested in working out programs to assist people staying in their homes.  When the Obama stimulous program started in March the assignments shut down.  I may of recieved 5 assignments in 6 months. This week I recieve 20+ assignments in 2 days.  The assignments are from Freddie Mac and Bank of America.  This is significant and it either means that there is a push to get workouts approved with the borrowers or the foreclosures will be increasing soon!Keith MansonFirst Weber GroupCertified Distressed Property ExpertGreenfield, Wisconsin www.milwaukeebailout.com
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By Pat Mullikin - KW Milwaukee
(Keller Williams Milwaukee)
Pat & Ben Mullikin | Keller Williams Realty | 414-305-1949 10322 W Burleigh St, Wauwatosa, WI Mullikin Family Realty Group of Keller Williams Milwaukee Presents: Gorgeous Wauwatosa ranch just minutes from great shopping, entertainment, and free 3BR/1.5BA Single Family House offered at $199,900 Year Built 1966 Sq Footage 1,525 Bedrooms 3 Bathrooms 1 full, 1 partial Floors 1 Parking 2 Car garage Lot Size 6,000 sqft HOA/Maint $0 per month DESCRIPTION Wonderful brick ranch freshly painted and carpeted for its new owners!New kitchen flooring too.Well built & lovingly maintained by original owners.Petite backyard perfect as condo alternative.Really cool enclosed patio room w/gas fireplace!HWF in all BR's. Half BA shared entry to Master BR & back hall.New roof in '08.Quality building details ...
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
There were 62 sales in August with an average sales price of $220,895 with 118 days on the market an average list to sales ratio of 96.86%.  The list to sales price from the original list price was 94.40%. August 2009 results were consistent with the activity in August 2008.  There were 61 sales in 2009 and 62 sales in 2008.  However, the new listings added in August 2009 declined 17.6% or 18 properties less than in 2008 added.   The current inventory is 335 properties with an average list price of $228,440 with an average time on the market of 179 days.
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
There were 48 sales in July 2009 with an average sales price of $208,950 with an average list to sales ratio of 96.84% and a average time of the market of 93 days. There is currently 354 active listings on the market with and average list price of $232,217 and the properties have been on the market an average of 174 days. July 2009 sales were down compared to july 2008, with 17 fewer sales.  However, there was also 33 fewer new listings in July 2009 than in July 2008.
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
There were 64 sales in June 2009 with an average sales price of $208,427 and a 96.82% list to sell ratio. In addition there were 23 accepted offers with future closing dates. In June 2009 there were 5 less sales when compared to June 2008 or a reduction of 7.2%.  There was also a reduction in the number of new listings in june 2009 compared to june 2008. In 2009 there were 12 less new listings compared to 2008 results. There are currently 348 listed properties with an average list price of $239,517 and have been on the market an average of 107 days. The most sale were in the $170,000- $180,000 during June 2009.
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
54 sales with an average sold price of $221,248 with an average time on the market of 84 days and a list to sales ratio of 96.55%.  In addition, there are 49 accepted offers with an average list price of $205,232 and an avergae time on the market of 78 days.In comparision to last year there were 2 more sales or a incease of 3.8% and a decrease of 27 new listings added, reflecting a 22.5% reduction.There are currently 335 active listings with an average list price of $244,021 with an average time on the maket of 102 days.Keith MansonFirst Weber GroupCertifed Distressed Property Expert
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By Larry Bettag, Vice-President of National Production
(Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001)
Really pleased to announce that Joe Banske and his team are joining our team at Cherry Creek Mortgage.  I'm so excited.  Joe and I have built a relationship over the last 2 and 1/2 years while he worked for another majore regional mortgage bank.  Needless to say, he has finally made the switch.  I really believe that with his team, his expertise and leadership, he will raise up Cherry Creek Mortgage in Wisconsin.  What makes Joe so great is that he is the consummate servant leader.  He pours a lot of effort into his loan officers raising them up to be the best of the best. Although I say that he serves Milwaukee, his office is officially in Wauwatosa.  While Joe will work in all of Wisconsin, his primary areas are all areas East of Oconomowoc and South of West Bend / Port Washington and...
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
There are currently 351 properties listed with and average list price of $245,631 with an average market time of 105 days.   Eight teen properties have accepted offers that had a average list price of $212,638 and have been on the market an average of 104days.   During April there were 33 sold properties with an average sold price of $194,854 and an average time on the market of 92 days.   There is currently a 10.63 month inventory of homes on the market.
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
The sales in march 2009 were down from the results in 2008 with 33 sales which is 2 less sales.  However, the issue is that there were a total of 19 sales in January and Febuary on 2009 compared to 2008.   The new listing added were one less than added in 2008 in march with 97 listings.  However, from the begining of the year there are 76 fewer new listings compared to 2008!  Means less new inventory!   There are currently 318 listings available with and average listing price of $238,591 with an anverage time on the market of 111 days.   There are currently 19 properties with accepted offers as of 4/4/09 which gives a good start for April sale numbers. In reviewing the sold data, there was, 33 sale that sold for an average price of $191,527 and was on the market and average 101 days.
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
THERE ARE A NUMBER OF THINGS HAPPENING LATELY.  MORE AND MORE COMPANIES ARE BEING CREATED TO GO AFTER PEOPLE THAT NEED MORTGAGE ASSISTANCE VIA UNDERSTANDING THEIR OPTIONS. THE CREATION OF THESE COMPANIES IS UNDERSTANDABLE. HOWEVER, LOTS OF THESE COMPANIES ARE CHARGING HIGH FEES FOR THIS ADVICE, FROM $700 TO AS MUCH AS $6000.  SOME HAVE INDICATED THAT THEY WILL REFUND MONEY IF NOT SATISFIED, BUT WHEN ASKED FOR THE REFUND THE CUSTOMER IS TOLD THAT WE WILL HAVE TO REVIEW THAT SITUATION. BE CAREFUL IF YOU ARE PAYING SOMEONE TO ASSIST WITH YOUR MORTGAGE ASSISTANCE OPTIONS AND IF YOU PAY SOMEONE MAKE SURE YOU HAVE A GOOD CONTRACT AND THAT YOU UNDERSTAND THE CONTRACT.TRY TO LIMIT YOUR UP FRONT COST! I HAVE SEEN CASES WHERE PROPLE HAVE BEEN TRICKED INTO SIGNING AGREEMENTS TOO! BE CAREFUL! ANOTH...
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Times were pretty bad early last year when banks and loan companies were closing their doors.  Things have quieted down quite a bit, so imagine the surprise when the doors were closed on a very large institution here in Wauwatosa, Wisconsin.  220 people were employed there. What a nightmare - people ready to close on their home and no loan!! Central States Mortgage Company on Monday morning - the front doors were locked and a sign on the front door stating: Central States Mortgage has suspended operations.  Employees and customers alike were turned away. Central States funded loans for many midwest area credit unions.  Anyone with a pending loan at a credit union or Central States should check into their status right away.  Not all area credit unions are affected, but many are.    The s...
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By Keith Manson
(First Weber Group/short sale/cdpe/gri)
During Febuary the sold activity is down 55.2% from the results in 2008 and the listing activty reduced 36.6% compared to 2008 with 64 new listings.  The 13 properties tht sold had a average price of $180,676 and a list to sale ratio of 92.90%.  The average market time for the properties was 90 days. There are currenlty 20 transaction pended that may close in March.   The current inventory of active listings is 265 with a average list price of $238,512 and have been on the market 121 days.
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By Pat Tasker, Your Milwaukee Metro Area Agent (WI)
(Shorewest Realtors)
    New listings in the Milwaukee area for January are down a significant 13.9 percent from last year and 25.4 percent from two years ago-good news considering the large supply of homes currently for sale. Total inventory is down 2.9 percent from this time last year, but the Months Supply of Inventory still sits at a relatively high 10.1 months. This indicates that the market sits firmly in the buyer's favor.                                                   Pending sales in January are down 38.5 percent from last year, clocking in at 582 sales, while closed sales declined 31.5 percent to 502 sales. This is the smallest amount of January sales recorded since our data begins in 2003.   In our "good news for buyers" segment, the median sales price for the Milwaukee area in January was $16...
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By Dennis Herman, Dennis Herman
(Crossroads Real Estate LLC)
  Kitchen Saver, Inc. 6351 West North Ave. Wauwatosa, WI 53213 Phone: 414-453-4220 Web Site:  WWW.KitchenSaver.net When you visit Kitchen Saver you know you are in the presence of extraordinary selection, value and service.  With 22 years of experience, Kitchen Saver specializes in kitchen and bath remodeling. From completely new or custom cabinets to refacing in solid hardwoods or durable Formica, Kitchen Saver does it all. Kitchen Savers is a family owned business, providing a high level of quality service the old fashion way.  All of the work, from design to installation, is completed by their own in house crews.  They do not subcontract any of the services they provide.  This allows them to maintain a high degree of quality control, reduce time of installation, and ensure a happy an...
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By Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce
(EXP Realty 414-525-0563)
         We have recently discovered Innovation a new restaurant in the Business Park...it is in the Crowne Plaza Hotel in the Milwaukee County Research Park.  Appropriately the address is: 10499 Innovation Drive, Wauwatosa, WI   (414) 259-0793. It's easy to get to from 894- exit on Swan Blvd, west on Watertown Plank Road or just east of highway 100 and Watertown Plank Road. It has been our pleasure to enjoy a business lunch...choose from a delicious variety of soup, salad and sandwich entrees...or treat yourself to a fabulous buffet with salad, a variety of entrees and desserts that changes daily.  The cocktail hour features Tini Time on Wednesday and Friday with $5 house Martinis or Tuesday and Thursday the feature is premium rail mixers also $5 all days from 4 - 7 p.m.          We ha...
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By April Hayden-Munson, Brookfield Wisconsin Real Estate
  The GOOD NEWS IS:  Wauwatosa has experienced increasing sales for 2 out of the last 4 months.  The numbers for July and September were better than the 2007 sold numbers! August and October were only a little behind last year. October netted 32 sales.  Last year was 33. New listings in October were 52-- down from 62 last year.  Since January we have seen fewer homes coming on the market than 2007.  We are down over 20% for the year! This indicates the market is getting better, with fewer homes in inventory and a little quicker sales for the properties that are on the market. Current inventory is 213 homes on the market.  This means that there is over 6 months of inventory on the market currently indicating that it is still a "buyers market" in the marketplace. If you'd like help with b...
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By April Hayden-Munson, Brookfield Wisconsin Real Estate
Godiva is celebrating Truffles!   I found this information on the Mayfair Mall website in Wauwatosa Wisconsin.   I am sure the same items are available in other locations as well. 11/20 Godiva Truffle Break! Get an afternoon pick-me-up! Stop in from 1-3pm, for your FREE truffle! 11/21-11/23: Dessert Anyone? FREE limited edition European Dessert Truffle samples.   Mayfair Mall is located on Hiway 100 in Wauwatosa Wisconsin.     For help with selling a home. Call me for help before Foreclosure. For help with buying a home. Your neighborhood expert is here to help. E-mail me.     You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online ...
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By April Hayden-Munson, Brookfield Wisconsin Real Estate
  The September 2008 single family sales and activity for the city of Wauwatosa Wisconsin:  September sales in Wauwatosa show as 36 closings.  Year to date sales are 284. In 2007 data shows 27 sales for September and 456 sales for the 3 quarters.    Sales as of September are increasing over last years activity - the market has been improving since July, this is showing the market should be stabilizing soon. Sales are up this month from 2007 - that is a good sign.   NATIONWIDE: Building permits across the country are down to just under a million, historically this is an INDICATOR that we have reached the BOTTOM of the market. If sales for this past month are an indicator, sales are increasing.  That is good news for the economy and the seller's in the area. If you would like a market rep...
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By April Hayden-Munson, Brookfield Wisconsin Real Estate
  Reporting on year to date single family sales and activity for the city of Wauwatosa Wisconsin. Year to date sales in Wauwatosa show as 384 closings.  In 2007 data shows 456 sales.   Sales as of September are increasing over last years activity, this is showing the market should be stabilizing soon. Sales are up this month from 2007 - that is a good sign.   NATIONWIDE: Building permits across the country are down to just under a million, historically this is an INDICATOR that we have reached the BOTTOM of the market. If sales for this past month are an indicator, sales are increasing.  That is good news for the economy and the seller's in the area. If you would like a market report on your neighborhood or an evaluation on what your home is worth, contact me. If you are a buyer - THIS ...
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