The Dane County Distressed Property Index was 29% in January. January was the first month in the last 15 with an index below 30%.
Here's how the distressed property index has been trending since 2006.
If you are interested in purchasing a distressed property, we have five foreclosure search tools to assist you with your bank owned (REO) and short sale property search. All five tools are available on our property search menu as well as our foreclosures menu at DaneCountyMarket.com.
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com
Now you can use your mobile device to search for properties and foreclosures for sale at SearchDaneCounty.com. We have many more new search improvements coming soon.
Stay tuned,
Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com
Here's a review of December Dane County home sales from a historical perspective.
The 186 Dane County home sales recorded in January were 1.6% higher than the 183 home sales in January of 2011, and the highest total for the month of January since January of 2007.
Looking back further in time, the January sales total was the 10th lowest out of the 22 Januarys dating back to 1991. Sales in January showed some improvement from a historical context. Previous monthly sales totals in 2011 have ranked at the bottom or very near the bottom when viewed within the context of the last 22 years.
Here's a review of December Dane County condo sales from a historical perspective.
The total of 39 Dane County condo sales recorded in January was 13% lower than the 45 condo sales from January of 2011. Condo sales this January were the lowest for every January dating back to the year 2000, with the exception of January 2009. Here's how January condo sales have trended over the last 22 years.
Looking ahead: Our pending home sales report suggests sales in February will be well above the levels from February of 2011. We anticipate a growing number of home sales in 2012, by as much as 10% or more.
Our pending condo sales report suggests February condo sales will also be well above the sales total from February of 2011. We'll be monitoring the condo market closely as the year unfolds.
Dan Miller, Keller Williams Realty and www.DaneCountyMarket. com
Dane County foreclosures increased by 19% in January, and remain high by historical standards. This graph shows the number of Dane County foreclosures filed in every January dating back to 2004. The 148 foreclosures filed in January of 2012 were up 244% from the 43 foreclosures filed in January of 2004.
We won't be surprised if foreclosure filings rise in 2012. It could be some of the big banks are stepping up the foreclosure process once again, after a slowing down resulting from the "robo-signing" scandal. For example, Bank of America Countrywide (BAC) has had at least 40 foreclosure filings for 3 straight months.
For our full Dane County foreclosure report, please see the new foreclosures menu at DaneCountyMarket.com . Our report also has information on foreclosure filings for the State of Wisconsin.
If you are interested in buying a foreclosed home, please see these 5 foreclosure search tools, also on our foreclosures menu.
Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com
FORECLOSURE. FITCHBURG WI CONDO FOR SALE. INCREDIBLE VALUE FOR THIS FITCBURG CONDO. Beautiful 2 bed, 2 bath contemporary townhome with loft. Features an open floor plan, private entry, a large 2 car attached garage, screened porch and balcony. The spacious kitchen includes stainless steel appliances, beautiful maple cabinets and a breakfast bar. Living room features a vaulted ceiling, gas fireplace with granite surround, eat-in dining and double doors out to your screened porch. Master bedroom has a walk-in closet with built-in shelving, ceiling fan, full bath with jetted tub, his/her sinks & tile floor. Home being sold "as is".
For more details and pictures visit: www.16CornerStoneWay.com.
Or Text: KWW94 to 444888
Dan Miller, Realtor, Keller Williams Realty and www.DaneCountyMarket.com
Madison WI partner in the top 1% DaneCountyMarket.com real estate team. Expertise: single family homes, condos, short sales & multifamily real estate. Visit OurRecentSales.com for our recent closings.
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