Marshall, Wisconsin is a small town located 8 miles east of Sun Prairie and 20 miles east of the Capital City, Madison in Dane County. The market statistics are showing the following for 2006 as compared with 2007 for sales of single family homes. There has been a decrease in total home sales as well as a decrease in average sold price. This is a trend that is fairly consistent with Dane County. Dane County has show a decrease in total home sales, but an increase in average sold price:
Active: 20 Active Listings
Average Asking Price: $271,875
Sales: 2007
46 Sold Listings
Average List Price: $189,958
Average Sold Price: $186,521
Average Days on Market: 65
Sold Price Range: $122,000 to $260,000
Sales: 2006
49 Sold Listings
Average List Price: $200,234
Average Sold Price: $198,651
Average Days on Market: 52
Sold Price Range: $109,000 to $353,000
** Information obtained from SCWMLS by Mindy Allen, Keller Williams Realty.
Existing-Home Sales Expected in Early 2008, then Gradual Rise
Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market. "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said. "On the other, consumers continue to wait for additional signs of market stabilization. There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."
NAR also encourages the Fed to make a single lump-sum cut in the Fed funds rate to 3.5 percent at the January Federal Open Market Committee meeting, rather than a series of modest cuts throughout the year. "Consumers are also looking to market-time interest rates, and the expectations of further rate cuts are pushing some home buyers to delay. Monetary policy will be much more effective with a one-time large cut, rather than a series of small cuts," Yun added.
As for your Carpenter Ridgeway neighborhood, statistics are showing an decrease in single family home sales from 2006 to 2007. In addition, the average list and sold price have increased while the days on market have decreased from 2006 to 2007. The actual numbers show the following for 2007 as compared with 2006:
Residential Homes Sales
Active Listings: 7
Average Asking Price: $180,257
Average Price Per Square Foot: $131
2007 Sales: 5 Sales
Average List Price: $195,500
Average List Price Per Square Foot: $126
Average Sold Price: $191,960
Average Sold Price Per Square Foot: $124
Average Days on Market: 44
2006 Sales: 13 Sales
Average List Price: $146,784
Average List Price Per Square Foot: $123
Average Sold Price: $145,763
Average Sold Price Per Square Foot: $121
Average Days on Market: 76
* Information obtained through the SCWMLS provided courtesy of Mindy Allen, Keller Williams Realty.
Existing-Home Sales Expected in Early 2008, then Gradual Rise
Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market. "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said. "On the other, consumers continue to wait for additional signs of market stabilization. There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."
NAR also encourages the Fed to make a single lump-sum cut in the Fed funds rate to 3.5 percent at the January Federal Open Market Committee meeting, rather than a series of modest cuts throughout the year. "Consumers are also looking to market-time interest rates, and the expectations of further rate cuts are pushing some home buyers to delay. Monetary policy will be much more effective with a one-time large cut, rather than a series of small cuts," Yun added.
As for your Hiestand neighborhood, statistics are showing an increase in single family home sales from 2006 to 2007. In addition, the average list and sold price have remained steady, as well as the average days on market. Condos show an increase in both sales and sold price from 2006 to 2007. The actual numbers show the following for 2007 as compared with 2006:
Residential Homes Sales
Active Listings: 7
Average Asking Price: $190,38
Average Price Per Square Foot: $107
2007 Sales: 16 Sales
Average List Price: $191,059
Average List Price Per Square Foot: $123
Average Sold Price: $185,940
Average Sold Price Per Square Foot: $123
Average Days on Market: 34
2006 Sales: 4 Sales
Average List Price: $191,400
Average List Price Per Square Foot: $137
Average Sold Price: $187,785
Average Sold Price Per Square Foot: $134
Average Days on Market: 26
Condominiums
Active Listings: 4
Average Asking Price: $192,475
Average Price Per Square Foot: $127
2007 Sales: 9 Sales
Average List Price: $136,177
Average List Price Per Square Foot: $115
Average Sold Price: $136,622
Average Sold Price Per Square Foot: $115
Average Days on Market: 106
2006 Sales: 3 Sales
Average List Price: $176,900
Average List Price Per Square Foot: $142
Average Sold Price: $174,466
Average Sold Price Per Square Foot: $140
Average Days on Market: 9
* Information obtained through the SCWMLS provided courtesy of Mindy Allen, Keller Williams Realty.
Existing-Home Sales Expected in Early 2008, then Gradual Rise
Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market. "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said. "On the other, consumers continue to wait for additional signs of market stabilization. There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."
NAR also encourages the Fed to make a single lump-sum cut in the Fed funds rate to 3.5 percent at the January Federal Open Market Committee meeting, rather than a series of modest cuts throughout the year. "Consumers are also looking to market-time interest rates, and the expectations of further rate cuts are pushing some home buyers to delay. Monetary policy will be much more effective with a one-time large cut, rather than a series of small cuts," Yun added.
As for your Hawk's Landing neighborhood, statistics are showing a decrease in total home sales from 2006 to 2007, however the average list and sold price have increased by 12%. The total days on market have also decreased from 2006 to 2007. The actual numbers show the following for 2007 as compared with 2006:
Residential Homes Sales
Active Listings: 14
Average Asking Price: $663,442
Average Price per Square Foot: $145
List Price Range: $874,900 (high) to $459,900 (low)
2007 Sales: 15 Sales
Average List Price: $676,755
Average Sold Price: $650,148
Average List Price per Square Foot: $156
Average Price per Square Foot: $151
Average days on market: 91
2006 Sales: 21 Sales
Average List Price: $590,472
Average Sold Price: $577,199
Average List Price per Square Foot: $144
Average Price per Square Foot: $141
Average days on market: 120
* All information obtained courtesy of Mindy Allen, Keller Williams Realty through the SCWMLS.
Existing-Home Sales Expected in Early 2008, then Gradual Rise
Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said there is a pull and tug exerting itself on the market. "On the one hand, we have a pent-up demand from the four million jobs added to our economy over the past two years of sales decline," he said. "On the other, consumers continue to wait for additional signs of market stabilization. There are more people with financial capacity now than in 2005, but many are trying to market-time their purchase."
NAR also encourages the Fed to make a single lump-sum cut in the Fed funds rate to 3.5 percent at the January Federal Open Market Committee meeting, rather than a series of modest cuts throughout the year. "Consumers are also looking to market-time interest rates, and the expectations of further rate cuts are pushing some home buyers to delay. Monetary policy will be much more effective with a one-time large cut, rather than a series of small cuts," Yun added.
As for your Lake View Hills neighborhood, statistics are showed the following for 2007:
Residential Homes Sales
Active Listings: 58
Average Asking Price: $243,178
Average Price per Square Foot: $143
List Price Range: $999,900 (high) to $111,500 (low)
2007 Sales: 113 Sales
Average List Price: $188,437
Average Sold Price: $183,456
Average List Price per Square Foot: $123
Average Sold Price per Square Foot: $120
Sold Price Range: $310,000 (high) to $87,100 (low)
Average days on market: 74
Condominiums:
Active Listings: 44
Average Asking Price: $182,431
Average Price per Square Foot: $112
List Price Range: $314,000 (high) to $105,000 (low)
2007 Sales: 37 Sales
Average List Price: $159,767
Average Sold Price: $155,624
Average List Price per Square Foot: $107
Average Sold Price per Square Foot: $105
Sold Price Range: $252,500 (high) to $88,000 (low)
Average days on market: 82
* All information obtained through the SCWMLS courtesy of Mindy Allen, Keller Williams Realty.
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