This is something I do every 2 weeks to keep myself up to date on the numbers in the areas I work in. I thought I would post the results for you out there as well.
These are for single family homes only in the areas I most often work in. I know there are other areas of Milwaukee that I am leaving out. If you have question on a particular area listed below or that I left out, please feel free to contact me.
The system I use is:
____ Active Listings
____ Sold in the last month
____ Month supply (Based on the number of homes sold in last month)
____ New homes (Listed in the last month)
Milwaukee County
3665 Active listings
202 Sold
18 Month Inventory
856 Newly Listed homes
Inventory is coming down.
I like to break it down to the cities of Milwaukee county as well.
Milwaukee
2217 Active Listings
126 Sold
18 Month Inventory
508 New Listings
Cudahy
71 Active
2 Sold
35 Month Inventory
20 New Listings
Franklin
139 Active
9 Sold
15 Months
29 New
Glendale
70 Active
1 Sold
70 Months
11 New listings
Greendale
27 Active
1 Sold
27 Months
7 New
Greenfield
79 Active Listings
8 Sold
10 Month Supply
21 New
Oak Creek
120 Active listings
7 Sold
17 month
28 new
South Milwaukee
73 Active
2 Sold
37 Month
18 New listings
St. Francis
33 Active
1 Sold
33 month
10 New
Wauwatosa
194 Active
9 Sold
22 Month
46 New Listings
West Allis
297 Active
14 Sold
21 Months
74 New
This is something I do every 2 weeks to keep myself up to date on the numbers in the areas I work in. I thought I would post the results for you out there as well.
These are for single family homes only in the areas I most often work in. I know there are other areas of Milwaukee that I am leaving out. If you have question on a particular area listed below or that I left out, please feel free to contact me.
The system I use is:
____ Active Listings
____ Sold in the last month
____ Month supply (Based on the number of homes sold in last month)
____ New homes (Listed in the last month)
Milwaukee County
3665 Active listings
202 Sold
18 Month Inventory
856 Newly Listed homes
Inventory is coming down.
I like to break it down to the cities of Milwaukee county as well.
Milwaukee
2217 Active Listings
126 Sold
18 Month Inventory
508 New Listings
Cudahy
71 Active
2 Sold
35 Month Inventory
20 New Listings
Franklin
139 Active
9 Sold
15 Months
29 New
Glendale
70 Active
1 Sold
70 Months
11 New listings
Greendale
27 Active
1 Sold
27 Months
7 New
Greenfield
79 Active Listings
8 Sold
10 Month Supply
21 New
Oak Creek
120 Active listings
7 Sold
17 month
28 new
South Milwaukee
73 Active
2 Sold
37 Month
18 New listings
St. Francis
33 Active
1 Sold
33 month
10 New
Wauwatosa
194 Active
9 Sold
22 Month
46 New Listings
West Allis
297 Active
14 Sold
21 Months
74 New
It's understandable that these numbers might be discouraging if you're considering buying or selling. But is important to keep in mind that January is always the slowest month of the year for Milwaukee real estate. In fact that is why I usually try to spend as much of the month of January on vacation, usually in Mexico.
So from here out we will see improvement for the rest of the year. As you might have heard sales are down, but as this survey shows, the amount of inventory is down about 20-30%. Most home sellers like to list their homes in the spring, so keep in mind that if you're also thinking of waiting, you will also be listing in time to face the most competition.
With market conditions it could take 3-6 months to sell,add to that the 45 days it takes to remove contingencies and you can expect a closing date of around June 15th if you were to list today. So the question is do you want to be sold by then or do you want to start selling then?
Buyers there are tremendous opportunities available in the market, especially when it comes to foreclosure properties. Your time frame is also something to consider. It can usually take about a month to find your new home, and 45-90 days to close. Which would put you on track for a closing in April or May. Perfect moving weather. There are alot of buyers as well that are waiting for spring as well to start looking for new homes. By waiting you may find yourself bidding on a property against other buyers. Leaving you with less negotiating options.
http://BayViewRealEstate4U.com
http://AndrewBaumbach.com
This is something I do every 2 weeks to keep myself up to date on the numbers in the areas I work in. I thought I would post the results for you out there as well.
These are for single family homes only in the areas I most often work in. I know there are other areas of Milwaukee that I am leaving out. If you have question on a particular area listed below or that I left out, please feel free to contact me.
The system I use is:
____ Active Listings
____ Sold in the last month
____ Month supply (Based on the number of homes sold in last month)
____ New homes (Listed in the last month)
Milwaukee
2252 Active Listings
144 Sold
15 Month Inventory
386 New Listings
Cudahy
68 Active
6 Sold
11 Month Inventory
10 New Listings
Franklin
134 Active
8 Sold
17 Months
13 New
Greendale
28 Active
2 Sold
14 Months
3 New
Greenfield
81 Active Listings
13 Sold
6 Month Supply
20 New
Oak Creek
129 Active listings
14 Sold
9 month
22 new
South Milwaukee
75 Active
5 Sold
5 Month
14 New listings
St. Francis
31 Active
2 Sold
15 month
4 New
Wauwatosa
200 Active
18 Sold
11 Month
40 New Listings
West Allis
282 Active
20 Sold
14 Months
45 New
There are certainly a lot of opportunities for realistic buyers in this market. Over all inventory is down and the amount of new homes coming on the market is down almost 50%.
It is a great time to be a seller as well, since there are curently less competing homes coming on the market, and sales are increasing every week. Bare in mind we usually expect the amount of new inventory to reach it's peak in July. So by waiting you will be among hundreds of other new listings.
Now is a great time in real estate to make a move. Despite all the negative media reports on the Real Estate market, it's important to remember that all real estate is local.
Milwaukee has really remained a stable place for those purchasing real estate and has actually seen a modest increase of close to 2% of average sold prices, while some other parts of the country are down 5%10%,20% or more.
http://MilwaukeeRealEstate4U.com
Hi gang,
It's been a long time since i spent some time here, or posted a blog. So I have been feeling the need to jump back in the rain.
I feel very lucky to know that there is a great site like this for everyone in the real estate business and those looking for answers is available. I can always think of something I'd like to know more about, or think of something where i'd like to hear others opinions before jumping into something, and this site has really come through for me as well as being a great place to meet new friends and clients.
So what have I been up to? Well for starters I have been feeling the effects of the economy pretty hard. Got lots of debt and not quite enough to pay for it all. I had a pretty OK 2008 but there is certainly a lot more I need to accomplish in 2009.
Definitely seeing alot of our agents leaving the business this year. I heard in my company alone we have had somewhere between 20-45 agents (out of 200) not renew their board dues. I recently read that nationally 20% of Realtors are quitting. So a lot of us are in the same boat, some worse than others. So I can understand why coughing up around $1,000 every January can make folks re-evalute things.
That being said. I jumped into Real estate in 2004, and got to taste the madness that goes along with selling homes like crazy and now have the experience of a slumping market. So I can honestly say i feel seasoned on what it takes to sell a home in different housing markets.
I personally feel at least for my own business that 2009 will be a positive step forward. I can't honestly see too many buyers sitting on the sidelines this year with all the opportunities currently available. The prices, the rates, my goodness.
As i stated above the herd is thinning, and i don't want to sound to much like a Darwinist, but i do think that will benefit the agents that are still here that practice professionalism, and operate up to high standards.
Let's face it, there are always going to be folks that need our help, and it's our job to be there for them. These are the times when we can show our worth and value, and laugh about how unnecessary we are viewed by the media in busy years.
In the words of Neil Diamond"Hello again, hello"
See ya around, and if you have a question for me feel free to drop me a line.
-Andrew
This is something I do every 2 weeks to keep myself up to date on the numbers in the areas I work in. I thought I would post the results for you out there as well.
These are for single family homes only in the areas I most often work in. I know there are other areas of Milwaukee that I am leaving out. If you have question on a particular area listed below or that I left out, please feel free to contact me.
The system I use is:
____ Active Listings
____ Sold in the last month
____ Month supply (Based on the number of homes sold in last month)
____ New homes (Listed in the last month)
Milwaukee County
4661 Active listings
504 Sold
9 Month Inventory
1174 Newly Listed homes
I like to break it down to the cities of Milwaukee county as well.
Milwaukee
2782 Active Listings
258 Sold
11 Month Inventory
663 New Listings
Cudahy
63 Active
9 Sold
7 Month Inventory
11 New Listings
Franklin
183 Active
16 Sold
11.5 Months
53 New
Glendale
105 Active
17 Sold
6 Months
28 New listings
Greendale
40 Active
4 Sold
10 Months
13 New
Greenfield
122 Active Listings
17 Sold
7 Month Supply
38 New
Oak Creek
160 Active listings
24 Sold
6.5 month
28 new
South Milwaukee
105 Active
6 Sold
17.5 Month
26 New listings
St. Francis
30 Active
6 Sold
5 month
6 New
Wauwatosa
271 Active
42 Sold
6.5 Month
74 New Listings
West Allis
383 Active
48 Sold
8 Months
119 New
Based on these numbers, the Current inventory and new listing inventory is coming down and home sales are up in the last 2 weeks. This is becoming more of what we in the industry call a normal market, where neither the buyer nor seller have the upper hand. This is an optimal time for both buyers and sellers.
It is a great time to be a buyer as the amount of inventory to chose from does still remain high, and there is less competition from other buyers when submitting an offer.
It is a great time to be a seller as well, since there are curently less competing homes coming on the market, and sales are increasing every week. Bare in mind we usually expect the amount of new inventory to reach it's peak in July. So by waiting you will be among hundreds of other new listings.
Now is a great time in real estate to make a move. Despite all the negative media reports on the Real Estate market, it's important to remember that all real estate is local.
Milwaukee has really remained a stable place for those purchasing real estate and has actually seen a modest increase of close to 2% of average sold prices, while some other parts of the country are down 5%10%,20% or more.
http://MilwaukeeRealEstate4U.com
http://BayViewRealEstate4U.com
This is something I do every 2 weeks to keep myself up to date on the numbers in the areas I work in. I thought I would post the results for you out there as well.
These are for single family homes only in the areas I most often work in. I know there are other areas of Milwaukee that I am leaving out. If you have question on a particular area listed below or that I left out, please feel free to contact me.
The system I use is:
____ Active Listings
____ Sold in the last month
____ Month supply (Based on the number of homes sold in last month)
____ New homes (Listed in the last month)
Milwaukee County
4478 Active listings
427 Sold
10.5 Month Inventory
1187 Newly Listed homes
I like to break it down to the cities of Milwaukee county as well.
Milwaukee
2674 Active Listings
200 Sold
13 Month Inventory
674 New Listings
Cudahy
67 Active
6 Sold
11 Month Inventory
18 New Listings
Franklin
173 Active
15 Sold
11.5 Months
46 New
Glendale
101 Active
12 Sold
8.5 Months
31 New listings
Greendale
40 Active
6 Sold
8.5 Months
20 New
Greenfield
108 Active Listings
19 Sold
5.7 Month Supply
31 New
Oak Creek
175 Active listings
14 Sold
12.5 month
48 new
South Milwaukee
91 Active
13 Sold
7 Month
22 New listings
St. Francis
31 Active
3 Sold
10 month
7 New
Wauwatosa
280 Active
51 Sold
5.5 Month
93 New Listings
West Allis
347 Active
41 Sold
8 Months
92 New
Based on these numbers, the new listing inventory is coming down and home sales are up in the last 2 weeks. This is becoming more of what we in the industry call a normal market, where neither the buyer nor seller have the upper hand.
It is a great time to be a buyer as the amount of inventory to chose from does still remain high, and there is less competition from other buyers when submitting an offer.
It is a great time to be a seller as well, since there are curently less competing homes coming on the market, and sales are increasing every week. Bare in mind we usually expect the amount of new inventory to reach it's peak in July. So by waiting you will be among hundreds of other new listings.
Now is a great time in real estate to make a move. Despite all the negative media reports on the Real Estate market, it's important to remember that all real estate is local.
Milwaukee has really remained a stable place for those purchasing real estate and has actually seen a modest increase of close to 2% of average sold prices, while some other parts of the country are down 5%10%,20% or more.
http://MilwaukeeRealEstate4U.com
http://BayViewRealEstate4U.com
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Full Service Real Estate Services Specializing in Greater Milwaukee Area real estate. I have some of the best connections in the business. From mortgage professionals to title companies.
My name is Andrew Baumbach and I have lived in the Milwaukee area for most my life (Besides a 2 year stint living in St. Thomas U.S.V.I.)
I love working in real estate, and feel very at home in this industry. Whether helping 1st time home buyers, investors, sellers, or just talking real estate....... I look forward to talking to you!
I am very experienced with all aspects of the real estate market, including finding available homes, pricing, marketing, negotiating and handling all the details so all you have to do is pack! Please call or email me any time if you have any questions or would like more information.
When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My commitment as your local REALTOR® is to provide you with the specialized real estate service you deserve.
When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why my goal is to keep you informed on trends in the marketplace using the latest statistics in your local area. With property values continuing to rise, real estate is a sound investment for now and for the future.
As a local area expert with knowledge of the communities, my objective is to work diligently to assist you in meeting your real estate goals.
If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call or e-mail me.
Thank you for visiting my website - please consider it as your online source for local real estate information, and return often for the latest property listing updates
When you are buying a new home and need to sell your current home, it can be an especially streesful time. I'm happy to offer my service and expertise to the situation, to take the load off.
I can apply my proven Marketing Plan to the sale of your home to assure you in getting your home sold in the shortest amount of time, and for the highest possible dollar amount.
And when you have me working as your Buyer's Agent you can assured you are getting the best house that your money can buy.
"Hey Andrew:
Thank you for all your help that you have done for me and my family. U are totally a different sales agent that I have met. U actually care about your clients and take the time to explain things to your clients. My mom is very pleased and blessed with the help that u provided to her so far. That all I hear is Andrew this and Andrew that. Which I think is cute.
Some Real Estate agents are only about the money. But u threat your clients differently.
Well I guess what I'm trying to say is that sometimes people like you deserve a complement on the work that that they do cause u don't hear that often. I know how hard it is to work with people that can be picky believe me been there done that.
So in a way I would like to that thank you and let you know that your hard work has been noticed.
I don't really know how your company works but I think you deserve a raise or some kind a bonus."
Monika-Frankin to Caledonia, Seller and Buyer Clients
"Andrew really helped us threw our purchase. From showing us houses to following up on all the paper work to closing. He was really on our side." K.O.-Milwaukee
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