Janesville, WI

Janesville Wisconsin and Rock County have been hit especially hard by the Recession. The local economy not only reflects the National trend, but was additionally affected by the closing of the Janesville GM Plant, as well as several other plant closings.

But, the last 20 days have shown some marked improvement in Single Family Home Sales:

1. Single Family sales have been more than double in 2009 versus 2008.

2. There have been approximately 39 sales this year versus 19 for 2008.

3. Average Sales prices have actually increased from $123,015 in 2008 to about $130,626 in 2009.

4. Finally, even days on the market improved! From 99 last year to 71 this year.

This is the Most Significant Positive change I have seen all year!

Could we have possibly turned the corner? It might just indicate that prices have bottomed out and are on the rise!

Stay Tuned!

Jerry Morse, CRS, GRI, BBA

jerrymorserealestate@yahoo.com

www.janesvillewirealestatelistings.com

www.janesvillewirealestateforsale.com

It appears that the $6,500 Tax Credit may not require that you sell your existing home.

Of course, your new purchase must be for your principal residence, but you may be able to keep your existing home as an investment. Selling your current residence probably is not necessary, as long as the 5 of 8 year requirement and other requirements of the Tax Credit are met!

Stay Tuned!

Jerry Morse, Broker

The Morse Company

jerrymorserealestate@yahoo.com

www.janesvillewirealestatelistings.com

www.janesvillewirealestateforsale.com

www.janesvillehomesellers.com

Friday, Sept. 25: YWCA Walk a Mile in her Shoes. This event--in which men walk one mile in women's shoes to help raise money for the YWCA of Rock County--starts and ends at Kutter Harley-Davidson and includes a party afterward. Go to www.ywcawalkamile.org for more information.

2009 YWCA Walk a Mile In Her Shoes Supporting women and girls, one step at a time...

Last year, nearly 100 men, boys, and even women and girls, joined the YWCA Walk a Mile in Her Shoes one mile trek in high heels through downtown Janesville. (Like Paul Benish here of M&I Bank.) Help us reach our 2009 goal of 150-200 participants who will walk down Hwy 14 and Hwy 26 starting and ending at Kutter-Harley Davidson/Buell on September 25! Stay for the Walk a Mile After Party beginning at 5pm, sponsored by Kutter Harley Davidson. Everyone is welcome and will enjoy great live music, drinks, hors d'oeuvres, silent auction in a fun venue at the Rudi Kutter Pavilion. Tickets are $25 each and may be purchased here or by calling 608-752-5445.

Are you supporting your local Farmer's Market? You should be. I intend to go again this morning.

Summer Fun at the Market!

Cooking Demonstrations, Recipe-Cooking Contest,
Kids Activities

The Janesville Farmer's Market has Summer activities scheduled for most Saturdays!

Join the JFM Cooking Demonstrations every second Saturday of the month. Area cooks will show you how to cook produce and goods found at the JFM.

Every third Saturday, show off your creative cooking skills at the Market's Recipe-Cooking Contest. Each month's Contest features a different theme, based on seasonal ingredients: June-Strawberries; July-Corn; August-Tomatoes; September-Potatoes; and October-Soups or Stews. Contest Rules and Entry Form are here.

Finally, every fourth Saturday of the month is Kids' Activity Day. Bring the kids and let them discover the various activities waiting for them throughout the Market!

Join us every Saturday for a summer of great farmer's market goods, activities, and fun. Come celebrate the Janesville community!

Stop by and support your local area!

The statistics are in for July 2009. These numbers are direct from the MLS.

There are 602 active listings currently with 95 new listings this month and 75 that sold. The average sale price is $115,742 with average days on the market 111 and percent of sale to list 89%.

Janesville's condo market has 71 active listings with 7 new this month and 10 sold. The average sale price was $104,390 with the average days on the market 117 and the percent of sale to list 90%.

Janesville's investment property has 74 active listings with 14 new and 6 sold. The average sale price was $82,733 with the average days on the market 94 and the percent of sale to list 91%.

Rock county has a total of 1491 active listings with 255 new this month and 177 sold. The average sale price $124,090 and on the market for an average of 127 days.

YTD Janesville's single family SOLD 406 with an average sale price $118,107 for an average of 99 days on the market and 89% of sale to list.

So far this year in Janesville 30 condos, 22 multi-family units. Beloit has sold 190 single family,

7 condos and 2 multi-family units in 2009. Rock county has sold 847 total for an average sale price of $122,186 in an average 104 days.

Coldwell Banker-Success has 27.3% market share for the city of Janesville and 20.3 for Rock County.

The next competing company in Janesville has 13.7%. Our office is doing really well!