“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Dan Gobis

2010 YTD vs. 2009 Sold Info Racine County, Wi

02-21-10
Dan Gobis

38% drop in sales volume 2010 vs, 2007, sold price down 18%. 2008 decline in sales price is outside of standad deviation due to decreased sales and a $1.2m sale.

Statistical Market Analysis

Status# ListingsList VolumeSold Volume List PriceSold PriceSale/List PriceSq. Ft.List Price Per Sq. Ft.Sold Price Per Sq. Ft.Days On MarketCumulative Days On Market
Sold 110 16,223,103 15,154,079 Low
Avg
High
16,000
147,483
575,000
10,000
137,764
503,000
0.29
0.92
1.11
698
1,538
4,912
18.38
84.78
167.73
10.11
79.12
160.00
1
109
585
1
149
979
Overall 110 16,223,103 15,154,079 Low
Avg
High
16,000
147,483
575,000




698
1,538
4,912
18.38
84.78
167.73


1
109
585
1
149
979

Selection Criteria for Comparable Properties Specified listings from the following search: Property type Single-Family; Status of 'Sold'; County of 'Racine'; Municipality of 'Burlington', 'Caledonia', 'Dover', 'Elmwood Park', 'Mount Pleasant', 'North Bay', 'Norway', 'Racine', 'Raymond', 'Rochester', 'Sturtevant', 'Union Grove', 'Waterford', 'Wind Point', 'Yorkville'; Sold Date between '1/1/2010' and '2/21/2010'.

Information is supplied by seller and other third parties and has not been verified.
Copyright 2010 by Multiple Listing Service, Inc. See copyright notice.
Prepared by Dan Gobis 262-939-0949 See photos at www.dangobis.com on Sunday, February 21, 2010 7:34 PM

Statistical Market Analysis

Status# ListingsList VolumeSold Volume List PriceSold PriceSale/List PriceSq. Ft.List Price Per Sq. Ft.Sold Price Per Sq. Ft.Days On MarketCumulative Days On Market
Sold 166 28,882,326 27,858,125 Low
Avg
High
19,900
173,990
469,900
20,003
167,820
465,500
0.50
0.96
1.06
400
1,505
3,188
13.52
112.62
221.03
13.59
108.60
215.36
1
94
386
1
94
386
Overall 166 28,882,326 27,858,125 Low
Avg
High
19,900
173,990
469,900




400
1,505
3,188
13.52
112.62
221.03


1
94
386
1
94
386

Selection Criteria for Comparable Properties Specified listings from the following search: Property type Single-Family; Status of 'Sold'; County of 'Racine'; Municipality of 'Burlington', 'Caledonia', 'Dover', 'Elmwood Park', 'Mount Pleasant', 'North Bay', 'Norway', 'Racine', 'Raymond', 'Rochester', 'Sturtevant', 'Union Grove', 'Waterford', 'Wind Point', 'Yorkville'; Sold Date between '1/1/2007' and '2/21/2007'.

Information is supplied by seller and other third parties and has not been verified.
Copyright 2010 by Multiple Listing Service, Inc. See copyright notice.
Prepared by Dan Gobis 262-939-0949 See photos at www.dangobis.com on Sunday, February 21, 2010 7:37 PM

Racine County 2010 YTD vs. 2008 YTD Single Family Sold Stats

02-21-10
Dan Gobis

# of sales dropped 18.5%, sale price dropped 25%! "the times they are achangin"!

Statistical Market Analysis

Status# ListingsList VolumeSold Volume List PriceSold PriceSale/List PriceSq. Ft.List Price Per Sq. Ft.Sold Price Per Sq. Ft.Days On MarketCumulative Days On Market
Sold 135 26,179,345 24,908,572 Low
Avg
High
24,900
193,921
1,200,000
25,000
184,508
1,075,000
0.75
0.95
1.15
690
1,642
5,300
21.07
109.33
296.30
22.08
104.53
265.43
1
106
562
1
132
598
Overall 135 26,179,345 24,908,572 Low
Avg
High
24,900
193,921
1,200,000




690
1,642
5,300
21.07
109.33
296.30


1
106
562
1
132
598

Selection Criteria for Comparable Properties Specified listings from the following search: Property type Single-Family; Status of 'Sold'; County of 'Racine'; Municipality of 'Burlington', 'Caledonia', 'Dover', 'Elmwood Park', 'Mount Pleasant', 'North Bay', 'Norway', 'Racine', 'Raymond', 'Rochester', 'Sturtevant', 'Union Grove', 'Waterford', 'Wind Point', 'Yorkville'; Sold Date between '1/1/2008' and '2/21/2008'.

Information is supplied by seller and other third parties and has not been verified.
Copyright 2010 by Multiple Listing Service, Inc. See copyright notice.

Statistical Market Analysis

Status# ListingsList VolumeSold Volume List PriceSold PriceSale/List PriceSq. Ft.List Price Per Sq. Ft.Sold Price Per Sq. Ft.Days On MarketCumulative Days On Market
Sold 110 16,223,103 15,154,079 Low
Avg
High
16,000
147,483
575,000
10,000
137,764
503,000
0.29
0.92
1.11
698
1,538
4,912
18.38
84.78
167.73
10.11
79.12
160.00
1
109
585
1
149
979
Overall 110 16,223,103 15,154,079 Low
Avg
High
16,000
147,483
575,000




698
1,538
4,912
18.38
84.78
167.73


1
109
585
1
149
979

Selection Criteria for Comparable Properties Specified listings from the following search: Property type Single-Family; Status of 'Sold'; County of 'Racine'; Municipality of 'Burlington', 'Caledonia', 'Dover', 'Elmwood Park', 'Mount Pleasant', 'North Bay', 'Norway', 'Racine', 'Raymond', 'Rochester', 'Sturtevant', 'Union Grove', 'Waterford', 'Wind Point', 'Yorkville'; Sold Date between '1/1/2010' and '2/21/2010'.

Information is supplied by seller and other third parties and has not been verified.
Copyright 2010 by Multiple Listing Service, Inc. See copyright notice.
Prepared by Dan Gobis 262-939-0949 See photos at www.dangobis.com on Sunday, February 21, 2010 6:46 PM

2010 YTD vs. 2009 Sold Info Racine County, Wi

02-21-10
Dan Gobis

Happy to see sales have increased so far in 2010 as compared to the same period in 2009. I feel we will have a major increase in sales 1st quarter 2010 vs. 1st quarter 2009. Interesting the increased in sales year over year is 8.2%, decrease in sold price is 6.7%. Is this an indication the real estate market has settled?

Statistical Market Analysis

Status# ListingsList VolumeSold Volume List PriceSold PriceSale/List PriceSq. Ft.List Price Per Sq. Ft.Sold Price Per Sq. Ft.Days On MarketCumulative Days On Market
Sold 101 16,145,976 14,913,375 Low
Avg
High
14,900
159,861
499,900
5,300
147,657
441,500
0.18
0.92
1.17
748
1,592
3,200
8.22
90.18
182.89
3.82
83.60
171.05
1
110
433
1
164
870
Overall 101 16,145,976 14,913,375 Low
Avg
High
14,900
159,861
499,900




748
1,592
3,200
8.22
90.18
182.89


1
110
433
1
164
870

Selection Criteria for Comparable Properties Specified listings from the following search: Property type Single-Family; Status of 'Sold'; County of 'Racine'; Municipality of 'Burlington', 'Caledonia', 'Dover', 'Elmwood Park', 'Mount Pleasant', 'North Bay', 'Norway', 'Racine', 'Raymond', 'Rochester', 'Sturtevant', 'Union Grove', 'Waterford', 'Wind Point', 'Yorkville'; Sold Date between '1/1/2009' and '2/21/2009'.

Information is supplied by seller and other third parties and has not been verified.
Copyright 2010 by Multiple Listing Service, Inc. See copyright notice.
Prepared by Dan Gobis 262-939-0949 See photos at www.dangobis.com on Sunday, February 21, 2010 6:43 PM

2010 Racine C

ounty Sales

Statistical Market Analysis

Status# ListingsList VolumeSold Volume List PriceSold PriceSale/List PriceSq. Ft.List Price Per Sq. Ft.Sold Price Per Sq. Ft.Days On MarketCumulative Days On Market
Sold 110 16,223,103 15,154,079 Low
Avg
High
16,000
147,483
575,000
10,000
137,764
503,000
0.29
0.92
1.11
698
1,538
4,912
18.38
84.78
167.73
10.11
79.12
160.00
1
109
585
1
149
979
Overall 110 16,223,103 15,154,079 Low
Avg
High
16,000
147,483
575,000




698
1,538
4,912
18.38
84.78
167.73


1
109
585
1
149
979

Selection Criteria for Comparable Properties Specified listings from the following search: Property type Single-Family; Status of 'Sold'; County of 'Racine'; Municipality of 'Burlington', 'Caledonia', 'Dover', 'Elmwood Park', 'Mount Pleasant', 'North Bay', 'Norway', 'Racine', 'Raymond', 'Rochester', 'Sturtevant', 'Union Grove', 'Waterford', 'Wind Point', 'Yorkville'; Sold Date between '1/1/2010' and '2/21/2010'.

Information is supplied by seller and other third parties and has not been verified.
Copyright 2010 by Multiple Listing Service, Inc. See copyright notice.
Prepared by Dan Gobis 262-939-0949 See photos at www.dangobis.com on Sunday, February 21, 2010 6:46 PM

Hunkered Down Buyers are Beginning to Emerge!

04-10-09
Dan Gobis

Hunkered Down Consumers (buyers included) are Beginning to Emerge after seeking shelter from the storm. Was it the 'perfect storm' as defined by Wikpedia... "the simultaneous occurrence of events which, taken individually, would be far less powerful than the storm resulting of their chance combination. Such occurrences are rare by their very nature, so that even a slight change in any one event contributing to the perfect storm would lessen its overall impact. Since the 2000 movie by the same name, the phrase has gained popularity and grown to mean any event where a combination of circumstances will aggravate a situation drastically."

It was the perfect storm. Many took shelter. Many were lost in the storm. Many were injured. Many more have survived, and are stronger for weathering the storm. The strong need to share, with the injured, the lessons of the storm. Others that survived, by pure luck, need to take lessons from the experience and from the strong. We need to do all we can to hopefully avoid another 'perfect storm', or at least be better prepared for it.

Consumers are emerging from the shelters as they get positive signs of recovery from the storm. The sun is shining again. Yes, we will have cloudy days, but it is time to move forward with our lives. It is the American Way.

When Will We (Or Have We) Hit the Bottom of the Real Estate Market?

04-09-09
Dan Gobis

Real Estate is local. The overall Real Estate market in the United States affects all local markets. Local markets will reach the bottom of their specific market(s) at different times. Idaho, North Dakota, Wyoming, and a few other states that have not, generally speaking anyway, been victims of predatory lending to the degree other states, such as California, Arizona, Nevada, Florida, ..., have had predatory lending as the norm, rather than the exception, willrecover sooner than the states that were suseptible to predatory lending.

Real Estate is local. I am an expert in my market, Racine County, Wisconsin. We have experienced declines in property values, depending on municipality, ranging from 7% to 18%, annually since 2006.

The number of closed transaction in Racine County for 1st quarter 2009 vs. 1st quarter 2008 the decline ranges from 28% to 48% depending on the municipality. Are we close to the 'bottom' of our market? Depending on what Washington does, how the automakers deal with their challenges, how consumer confidence does, how the credit markets recover, how the greedy lenders and Wall Street react by making good borrowers pay for the lenders, and risky borrowers, past indiscretions, and how unemployment is managed, ...

According to the most recent study done for the PMI industry, the Racine, Milwaukee Metropolitan Statistical Area, (MSA), is rated at minimal risk, less than a 5% of probable decline in property value over the next 12 months, as compared to other areas that may face declines of 20%-40% over the next 12 months.

Is the bottom near? I think so!