Mindy Allen, Broker, ABR

The question posed, is this market increasing the days on market for single family detached homes in the area? Here is what the statistics are showing:

Average Days on Market for East Madison:

2006: 53 (1,147 homes sold)

2007: 61 (1,113 homes sold)

2008 (YTD): 77 (633 homes sold)

Average Days on Market for West Madison:

2006: 60 (1,682 homes sold)

2007: 70 (1,561 total homes sold)

2008 (YTD): 67 (935 homes sold)

Average Days on Market for Dane County (excluding Madison)

2006: 57 (2,238 homes sold)

2007: 68 (2,186 homes sold)

2008 (YTD): 90 (1,193 homes sold)

So, while we are seeing a slight increase in total days on market, the average is still under 90 days. The stats are also showing a slight decrease in the total number of homes sold as well. However, the average sales price is holding steady, and increasing in many parts of the area.

I am happy to report that our condohotel project is still going strong at the Polynesian Resort in the Wisconsin Dells.

With the news of massive flooding and the draining of Lake Delton spreading like wildfire, the Dells remains busy. Less then 10% of all businesses were affected by the weather, and most of those have accomodated to the new conditions.

Here at the Polynesian Resort, we SOLD OUT last weekend! The roads are open, come visit the Dells!

Think you're ready to own your own condohotel here at the Polynesian? Ask for information on how you can own a newly renovated condo for as low as $125,0000, and a suite as low as $165,000. Over $20 million will be spent on adding 20,000 square feet to the indoor water park, building a 10,000 square foot convention center, adding kitchenettes to ALL rooms, with granite counter tops, stovetops, microwaves and dishwashers. In addition, there will be all new bedding, beds, furniture and flat screen tvs.

Think you are ready to invest in real estate here in Wisconsin Dells? YES YOU CAN!

Market Statistics for the Westwynde Subdivision in Sun Prairie, Wisconsin. The stats show the difference between January and February of 2007 and 2008.

25 active listings

Average List Price: $363,292

Average Price/Square Foot: $118

Range in ListPrice: $199,900 to $549,900

Average Days on Market: 137

February 2008: 1 Sold

List Price: $339,900

Sold Price: $331,900

Average Days on Market: 1

February 2007: 1 sold

List Price: $398,000

Sold Price: $388,000

Average Days on Market: 6

January 2008: 2 Solds

Average List Price: $259,900

Average Sold Price: $260,431

Average Days on Market: 174

January 2007: 0 Solds

** All information provided courtesy of Mindy Allen, Keller Williams Realty. Information obtained through the SCWMLS.

Wisconsin Home Sales Dip in 2007 But Prices Stable
State's housing news much better than nation

Madison - Wisconsin housing sales decreased but prices increased in 2007, leaving Wisconsin's real estate market in much better shape than many parts of the Midwest and the nation, according to the year-end analysis of existing home sales conducted by the Wisconsin REALTORS® Association (WRA).

Wisconsin home sales declined in 2007 by 10.8 percent relative to 2006, but median prices actually rose 0.2 percent over the period to $164,000, according to the REALTORS®' report. Here in Dane County, the median price actually rose 2.9% to an average of $218,000.

"It's a mistake to look at Wisconsin's housing market through the lens of national indicators," said WRA President William Malkasian. "Housing in our state and throughout much of the Midwest is much less volatile than many markets in other parts of the country, especially the Western United States," said Malkasian. "While 2007 was a rough year for housing sales compared to our recent boom years, Wisconsin's housing future looks like it will be brighter, faster."

As for your Hiestand neighborhood, statistics are showing the following for February of 2008:

Residential Homes Sales

Active Listings: 7

Average Asking Price: $180,676

Average Price Per Square Foot: $112

February 2008 Sales: 1 Sale

List Price: $184,900

List Price Per Square Foot: $103

Sold Price: $180,750

Sold Price Per Square Foot: $101

Days on Market: 53

Condominiums

Active Listings: 13

Average Asking Price: $147,756

Average Price Per Square Foot: $1271

February 2008 Sales: 0 Sales

* Information obtained through the SCWMLS provided courtesy of Mindy Allen, Keller Williams Realty.

Wisconsin Home Sales Dip in 2007 But Prices Stable
State's housing news much better than nation

Madison - Wisconsin housing sales decreased but prices increased in 2007, leaving Wisconsin's real estate market in much better shape than many parts of the Midwest and the nation, according to the year-end analysis of existing home sales conducted by the Wisconsin REALTORS® Association (WRA).

Wisconsin home sales declined in 2007 by 10.8 percent relative to 2006, but median prices actually rose 0.2 percent over the period to $164,000, according to the REALTORS®' report. Here in Dane County, the median price actually rose 2.9% to an average of $218,000.

"It's a mistake to look at Wisconsin's housing market through the lens of national indicators," said WRA President William Malkasian. "Housing in our state and throughout much of the Midwest is much less volatile than many markets in other parts of the country, especially the Western United States," said Malkasian. "While 2007 was a rough year for housing sales compared to our recent boom years, Wisconsin's housing future looks like it will be brighter, faster."

As for the Lake View Hills Neighborhood, statistics are showing the following from February of 2008:

Residential Homes Sales

Active Listings: 64

Average Asking Price: $213,810

Average Price per Square Foot: $141

List Price Range: $999,900 (high) to $87,360 (low)

7 homes with accepted offers

February 2008 Sales: 6 Sales

Average List Price: $167,776

Average Sold Price: $162,550

Average List Price per Square Foot: $128

Average Sold Price per Square Foot: $125

Sold Price Range: $175,000 (high) to $138,000 (low)

Average days on market: 120

Condominiums:

Active Listings: 40

Average Asking Price: $172,725

Average Price per Square Foot: $111

List Price Range: $314,900 (high) to $102,900 (low)

February 2008 Sales: 3 Sales

Average List Price: $145,700

Average Sold Price: $141,566

Average List Price per Square Foot: $96

Average Sold Price per Square Foot: $93

Sold Price Range: $174,700 (high) to $120,000 (low)

Average days on market: 120

* All information obtained through the SCWMLS courtesy of Mindy Allen, Keller Williams Realty.