Keith Manson

The sales results were a little down from March of 2008. ?In March 2009 there were 45 closings compared to 47 in 2008. However, January and Febuary results were 20 less sales compared to 2008. The good news was there were only 106 new listings added compared to 139 listings added in March 2008. Means less inventoy for people to look.

There are currently 25 accepted offers with and average price of $115,772 and an average time on the market of 93 days.

Reviewing the sales in March the average sales price was $125,160 with an average list to sell ratio of 92.76 % and a list to sale ratio from the original list price of 86.58%. The average time on the market was 109 days.

There are currently 486 properties listed in West Allis with an average list price of $181, 376 with an average time on the market of 128 days.

During the month of March, the Oak Creek market slipped a bit. Twenty three properties sold during March which is 9 less than sold in 2008. However, the first two months on 2009, Oak Creek had one of the market results with 7 more sales in January and Feburary of 2009 than happened in 2008. However, there are already 17 accepted offers already as of April 4th getting prepared for a great April!

The good news is that there were less listings added in March compared to the previous year with only 54 new listings being added compared to 76 new listings being added in 2008.

The average sales price of the 24 sold properties during March was $177,695 with and average list to sell ratio of 96.78 % and 94.55% from the original list price. The average time on the market was 102 days.

There is currenlty 315 properties listed with a average list price of $266,134 and an average time on the market of 220 days.

March 2009 we saw a significant improvement over previous months this year!

During March there was 21 sales compared to 16 in March 2008 and a total of 24 sale in all of January and Febuary! The good news is that there were only 55 new listings added in March compared to 69 new listings added in 2008. This means that there is less inventory for people to view!!

Reviewing the sales that closed in March, the average price was $140,978 which was 98.04% of the list price and 92.83% of the orignial list price. The average time on the market was 133 days.

The current inventory of properties on the market is 271 with an average list price of $187,324 and have been on the market an average of 138 days.

MUSKEGO MARKET UPDATE FOR MARCH 2009

The market picked up in March 2009 with 22 sales compared to 23 sales in March of 2008.

This is great news because in the 2 previous months Muskego had less than 50% of the sales in 2009 compared to 2009!

The listings in March also increased by 55 new listings compared to 57 in 2008. So the inventory increase more during March.

The sales during the month sold for an average sales price of $267,216 with an average days on the market of 142 days and a list to sale of 94.68%. However, the list to sell ratio from the original list price was 66.05%. This means when people list there properties they have to be more concerned about listing the properties right originally rather than reducing the prices during the listing!

There are now currently 232 properties on the market with a average list price of $341,531 and a average time on the market of 132 days.

The propeties that sold in March 2009 were:

Number of sales Price Range Average Days on Market

1 120-130,000 157

1 160-170,000 180

1 180-190,000 253

1 190-200,000 7

5 200-225,000 163

3 225-250,000 173

4 250-275,000 69

2 300-350,000 139

2 350-400,000 178

1 400-450,000 277

1 500-750,000 21

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!

ANOTHER THING THAT IS HAPPENING IS THE BANKS/LENDERS HAVE BEEN TRYING TO DENY MODIFICATIONS IN THE PIPELINE DUE TO THE PRESIDENTS NEW STIMULUS PROGRAM ON WWW.MAKINGHOMEAFFORDABLE.GOV. THE BANKS ARE FORCING THE APPLICANT TO RESUBMIT UNDER THE NEW PROGRAMS PUTTING THE APPLICANT UNDER MORE STRESS AND FRUSTRATION!

I AM ALWAYS WILLING TO TRY TO HELP

ANY QUESTIONS E-MAIL ME OR CALL MY VOICE MAIL AT 262-971-2857