August 2014 Home Sales Report

2
August Home Sales Cool
Dane County home sales cooled in August. While the 685 reported sales are higher than
2
2012, and are the second highest total for the month since 2007, they pale compared to the
883 sales last year. Year‐to‐date, 2014 trails 2013 by 9.5%. As the chart below shows,
however, this year's sales August for the first Home 8 months Sales are the Report
second highest total in the past
seven years.
August Home Sales Cool
Dane County home August sales Home cooled Sales Cool
in August. While the 685 reported sales are higher than
2012, and are the second Dane County highest home sales total cooled for in August. the While 2012, and are the second highest total for the month the 685 since reported 2007, sales are higher than
month since 2007, they pale compared they pale to the
compared to the
883 sales last year. 883 Year‐sales last to‐year. date, Year‐to‐2014 date, 2014 trails trails 2013 by 9.5%. by 9.5%. As the chart As below the shows,
chart below shows,
however, this year's however, sales this year's sales for the first 8 months are the second highest total in the past
seven years.
for the first 8 months are the second highest total in the past
seven years.
Once again, the monthly median sale price for Dane County increased over one year ago,
from $220,000 in August 2013 to $230,000 this year. Year‐to‐date, the increase is just under
3%, now standing at $218,500, maintaining a pace just ahead of inflation.
The supply of inventory equals 4.84 months, up slightly from last month (4.62 months) and
from August 2013 (4.78 months). While on the lean side, it is not significantly so and
continues to show signs of stabilizing. A six month supply of active inventory is generally
considered to be the market balance point between buyers and sellers.
For the eight county region of the SCWMLS, only Dodge and Grant Counties exceeded last
August's sales. But year‐to‐date, Columbia, Dodge, Grant and Rock Counties are ahead of
2013. Columbia, Dodge, Grant, Iowa, and Rock Counties join Dane County with increased
median sale prices year‐to‐date, with Dodge, Green and Sauk County median prices holding
steady.
3%, now standing at $218,500, maintaining a pace just ahead of inflation.
continues to show signs of stabilizing. A six month supply of active inventory is generally
steady.
3%, now standing at $218,500, maintaining [Continued]
a pace just ahead of inflation.
continues to show signs of stabilizing. A 3
six month supply of active inventory is generally
[Continued]
3
steady.
Extraordinarily low interest rates continue to be a major story. Most agree that they will go
up ‐ someday. Extraordinarily Until then, low interest the rates tremendous continue to opportunity be a major story. they Most present agree that cannot they will be go
ignored. The
chart below up ‐ someday. ‐ comparing Until then, the the purchase tremendous of opportunity a median they priced present home cannot in be Dane ignored. County The
with 100%
financing chart today, below 5 ‐ and comparing 10 years the purchase ago ‐ demonstrates of a median priced the home financial in Dane County with 100%
financing today, 5 and 10 years ago ‐ demonstrates the financial impact of impact today's interest
of today's interest
rates. Even rates. with Even a with much a much higher higher median median price, price, the the monthly monthly principal principal and interest and payment interest is
payment is
less today.
less today.
[Continued]
Additional reports and information available at cbsuccess.com

Real Estate Market Statistics—August 2014
Stoughton School District August 2014 2013 YTD
# New Listings 39 293
# Sales 26 189
Average Sale Price $239,877 $203,921
Median Sale Price Single Family $214,450 $200,000
Median Sale Price Condo $140,000 $113,500
Total # Active Residential
155
Listings at end of period
2014 YTD
335
181
$218,457
$196,000
$134,000
August 2013
42
27
$243,317
$225,000
$219,500
128
Oregon School District August
2014
2014 YTD
# Sales 26 197
152
August
2013
46
35
$248,478
$221,000
$154,000
138
2013 YTD
326
217
$249,041
$230,000
$142,450
McFarland School District August
2014
2014 YTD
# Sales 12 116
85
August
2013
15
28
$280,163
$253,890
$250,250
69
2013 YTD
184
133
$254,885
$238,000
$221,000
Verona School District August
2014
2014 YTD
# Sales 40 263
152
August
2013
35
52
$291,785
$292,000
$154,000
129
2013 YTD
385
309
$278,648
$283,500
$136,800
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of August 14, 2014.

Sun Prairie School District August
2014
# Sales 75 519
196
Deforest School District August
2014
2014 YTD
2014 YTD
# Sales 24 198
101
August
2013
64
88
$224,915
$225,000
$133,000
275
August
2013
23
22
$203,753
$212,490
$148,400
101
2013 YTD
728
513
$202,209
$212,000
$124,900
2013 YTD
302
249
$217,704
$215,000
$149,450
Wisconsin Heights School District August
2014
2014 YTD
# Sales 7 60
Median Sale Price Condo —- —-
53
August
2013
10
6
$171,033
$212,900
$105,900
66
2013 YTD
100
37
$203,935
$207,200
$105,900
Mount Horeb School District August
2014
2014 YTD
# Sales 16 96
Median Sale Price Condo —- $191,250
83
August
2013
19
26
$254,111
$224,482
$166,500
2013 YTD
191
116
$245,416
$222,000
$205,000

Middleton-Cross Plains
School District
August 2014 2014 YTD August 2013 2013 YTD
# New Listings 43 644 62 642
# Sales 55 414 72 479
Average Sale Price $339,004 $344,331 $408,628 $350,774
Median Sale Price Single Family $385,000 $372,000 $391,000 $361,260
Median Sale Price Condo $131,000 $147,500 $173,000 $158,500
231 224
Waunakee School District August 2014 2014 YTD August 2013 2013 YTD
# New Listings 42 373 44 357
# Sales 39 212 47 233
155 150

Fitchburg Home Prices—August 2014
Madison School District in
Fitchburg
# New Listings 13 199 25 216
# Sales 14 151 30 160
52 67
Oregon School District in
Fitchburg
# New Listings 6 50 3 22
# Sales 3 28 2 18
Median Sale Price Condo $278,000 $271,250 —- $255,500
Verona School District in
Fitchburg
20 11
# New Listings 7 110 12 122
# Sales 8 59 9 89
Median Sale Price Condo —- $257,500 $380,000 $133,000
49 40

Madison High Schools—August 2014
East High School August
2014
# Sales 70 470
197
Lafollette High School August
2014
2014 YTD
2014 YTD
# Sales 66 474
211
August
2013
64
81
$222,170
$178,500
$160,500
228
August
2013
80
86
$179,699
$189,500
$117,500
259
2013 YTD
686
553
$194,124
$165,000
$159,900
2013 YTD
691
517
$173,750
$179,450
$112,000
West High School August
2014
2014 YTD
# Sales 77 599
268
August
2013
136
106
$300,824
$272,000
$230,000
293
2013 YTD
833
650
$294,061
$274,000
$240,000
Memorial High School August
2014
2014 YTD
# New Listings 108 1,103
# Sales 98 794
381
August
2013
153
134
$221,908
$230,000
$150,000
405
2013 YTD
1,186
866
$227,047
$234,000
$145,000

4
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
AUGUST & Year-to-date Statistics 2014 Current sales reported as of September 12, 2014
COLUMBIA COUNTY
August January - August
Whole # New Listings
South Central Wisconsin MLS Region
# Sales
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
DANE COUNTY
# New Listings
# Sales
Whole South Central Wisconsin MLS Region
Average Sale Price
Median Sale Price
Whole South Central Wisconsin MLS Region
AUGUST & Year-to-date Statistics 2014 Current sales reported as of September 12, 2014
13 13 2 1
13 5 8 5
14 8 2 1
15 13 8 6
15 14 1 12
10 16 4 6
14 15 6 4
9 25 7 12
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
100,000 - 119,999
DODGE COUNTY
# New Listings
# Sales
COLUMBIA COUNTY
# New Listings
Average Sale Price
Median Sale Price
GRANT COUNTY
DANE COUNTY
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
126 2 13 29 13 59 2 16 1
18
139 9 13 27 5 66 8 14 5
20
207 12 14 13 8 65 2 21 1
28
220 23 15 8 13 72 8 21 6
25
289 31 4 71 21 11
60,000 - 69,999
15 14 1 12
331 41 5 97 66 17
70,000 - 79,999
10 16 4 6
357 61 8 59 54 10
80,000 - 89,999
14 15 6 4
370 60 4 45 71 14
90,000 - 99,999
9 25 7 12
732 125 4 12 48 7
100,000 - 119,999
772 153 0 8 22 3
683 124 0 1 2 1
739 127 0 0 1 1
644 76 205 664 395 202
1,081 132 112,424 182,957 273,667 184,129
820 67 96,000 169,250 250,000 150,250
893 93
423 54
399 42
122 9
125 3 254
9,472 1,244 1023
234,368 202,442 49
175,000 159,000 FHA 64
126 2 29 59 16 18
139 9 27 66 14 20
207 12 13 65 21 28
220 23 8 72 21 25
289 31 4 71 21 11
331 41 5 97 66 17
357 61 8 59 54 10
370 60 4 45 71 14
732 125 4 12 48 7
772 153 0 8 22 3
683 124 0 1 2 1
739 127 0 0 1 1
644 76 205 664 395 202
1,081 132 112,424 182,957 273,667 184,129
820 67 96,000 169,250 6
250,000 150,250
0
893 93
6
423 54
16
399 42
48
122 9
125 3 254
9,472 1,244 1023
234,368 202,442 49
175,000 159,000 FHA 64
# New Listings
# Sales
Average Sale Price
Median Sale Price
# New Listings
# Sales
less than 30,000
Average Sale Price
Median Sale Price
GREEN COUNTY
# New Listings
# Sales
less than 30,000
DODGE COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
IOWA COUNTY
Average Sale Price
Median Sale Price
less than 30,000
GRANT COUNTY
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
180,000 - 199,999
# New Listings
# Sales
Average Sale Price
Median Sale Price
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
180,000 - 199,999
# New Listings
# Sales
Average Sale Price
Median Sale Price
ROCK COUNTY
# New Listings
# Sales
200,000 - 249,999
250,000 - 299,999
200,000 - 249,999
250,000 - 299,999
GREEN COUNTY
# New Listings
# Sales
Average Sale Price
Median Sale Price
Average Sale Price
Median Sale Price
IOWA COUNTY
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
180,000 - 199,999
SAUK COUNTY
# New Listings
# Sales
Average Sale Price
# New Listings
# Sales
Average Sale Price
Median Sale Price
Median price
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
100,000 - 119,999
120,000 - 139,999
140,000 - 159,999
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
160,000 - 179,999
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
400,000 - 499,999
400,000 - 499,999
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
MEDIAN PRICE
TERMS OF SALE
Median Sale Price
400,000 - 499,999
200,000 - 249,999
250,000 - 299,999
*Sales for the month & current active listings are reported as of
8/12/2014. The Current Active Listings Chart includes all listings
More MLS statistics are available at www.scwmls.com.
available for showings, including those with offers to purchase.
This representation is based in whole or in part on data supplied to
the South Central Wisconsin MLS Corporation by its Participants.
The MLS does not guarantee and is not responsible for its
accuracy. Data maintained by the MLS does not reflect all real
estate activity in the market. More MLS statistics are available at www.scwmls.com.
NOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The
OTHER
4+
Bedroom
Condo/
Co-Op
AVERAGE PRICE
08/01/2014-08/31/2014
over 1,000,000
Total Types
0-2
Bedroom
3
Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
AUGUST STATISTICS
Single
Family
TOTALS REPORT
SOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
CURRENT ACTIVE LISTINGS
50,000 - 59,999
2014
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
Average price
Condo/
Co-Op
PRICE
CLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
USDA
ROCK COUNTY
# New Listings
# Sales
More MLS statistics are available at www.scwmls.com.
TERMS OF SALE
(SALES)
CASH
CONVENTIONAL
FVA
WHEDA
ASSUMPTION
SELLER
5
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
2014 2013 2012 2014 2013 2012
98 84 107 879 914 882
55 76 68 464 455 449
182,613 173,348 157,411 162,865 148,235 146,117
150,000 162,950 143,950 147,500 132,000 126,500
580 643 641 580 643 641
2014 2013 2012 2014 2013 2012
787 909 820 7,433 7,694 7,059
685 883 674 4,996 5,520 4,254
257,048 256,366 238,364 248,227 241,873 230,858
230,000 220,000 213,052 218,500 212,000 203,825
2,782 2,878 3,589 2,782 2,878 3,589
2014 2013 2012 2014 2013 2012
97 87 83 691 619 625
67 48 59 378 348 372
135,303 117,750 115,352 131,364 130,102 113,985
110,000 110,000 99,000 113,025 114,575 99,250
454 412 417 454 412 417
2014 2013 2012 2014 2013 2012
63 60 50 439 477 461
40 35 39 239 213 229
122,081 106,112 117,527 127,053 113,710 126,166
112,500 107,000 102,000 110,000 100,000 107,000
300 333 304 300 333 304
2014 2013 2012 2014 2013 2012
56 59 41 510 536 456
42 48 50 297 305 293
179,262 165,573 151,036 156,445 156,826 148,315
151,250 141,000 131,750 134,500 137,000 125,000
282 288 260 282 288 260
2014 2013 2012 2014 2013 2012
44 49 42 389 366 353
30 31 18 169 174 129
171,728 131,706 128,541 162,948 144,486 137,335
159,450 105,000 125,000 134,000 124,250 120,750
273 267 298 273 267 298
2014 2013 2012 2014 2013 2012
264 283 239 2,097 2,170 1,964
192 194 186 1,278 1,233 1,233
131,915 123,725 116,611 125,752 116,654 111,204
127,200 107,250 104,838 117,600 108,000 98,000
1,047 1,106 1,098 1,047 1,106 1,098
Average Sale Price
Median Sale Price
August January - August
# Sales
Average Sale Price
Median Sale Price
4
15 8 3 2
8 5 1 2
10 11 1 1
12 13 0 2
12 17 5 3
15 16 5 7
14 27 9 20
8 27 7 10
117 3 17 63 12 26
143 9 14 61 15 30
189 14 12 71 14 25
235 25 8 77 22 19
276 37 5 59 23 23
348 49 12 159 72 24
344 48 4 90 61 15
380 62 4 50 79 9
728 140 3 24 45 2
760 155 1 11 30 2
728 115 0 1 8 1
724 131 0 1 2 0
669 78 174 791 414 223
1,141 145 116,736 194,366 299,177 166,972
845 63 90,000 179,500 270,000 145,000
905 91
451 57
414 37
131 9
130 3 237
9,658 1,271 1177
236,572 198,423 44
179,500 157,500 FHA 62
11
0
4
10
57
Median price
MEDIAN PRICE
OTHER
4+
Bedroom
Condo/
Co-Op
AVERAGE PRICE
07/01/2014-07/31/2014
over 1,000,000
Total Types
0-2
Bedroom
3
Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
JULY STATISTICS
Single
Family
TOTALS REPORT
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
2014
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
Average price
Condo/
Co-Op
PRICE
CLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
USDA
(SALES)
CASH
CONVENTIONAL
FVA
WHEDA
ASSUMPTION
SELLER
4
2014 2013 2012 2014 2013 2012
98 84 107 879 914 882
55 76 68 464 455 449
182,613 173,348 157,411 162,865 148,235 146,117
150,000 162,950 143,950 147,500 132,000 126,500
580 643 641 580 643 641
2014 2013 2012 2014 2013 2012
787 909 820 7,433 7,694 7,059
685 883 674 4,996 5,520 4,254
257,048 256,366 238,364 248,227 241,873 230,858
230,000 220,000 213,052 218,500 212,000 203,825
2,782 2,878 3,589 2,782 2,878 3,589
2014 2013 2012 2014 2013 2012
97 87 83 691 619 625
67 48 59 378 348 372
135,303 117,750 115,352 131,364 130,102 113,985
110,000 110,000 99,000 113,025 114,575 99,250
454 412 417 454 412 417
2014 2013 2012 2014 2013 2012
63 60 50 439 477 461
40 35 39 239 213 229
122,081 106,112 117,527 127,053 113,710 126,166
112,500 107,000 102,000 110,000 100,000 107,000
300 333 304 300 333 304
2014 2013 2012 2014 2013 2012
56 59 41 510 536 456
42 48 50 297 305 293
179,262 165,573 151,036 156,445 156,826 148,315
151,250 141,000 131,750 134,500 137,000 125,000
282 288 260 282 288 260
2014 2013 2012 2014 2013 2012
44 49 42 389 366 353
30 31 18 169 174 129
171,728 131,706 128,541 162,948 144,486 137,335
159,450 105,000 125,000 134,000 124,250 120,750
273 267 298 273 267 298
2014 2013 2012 2014 2013 2012
264 283 239 2,097 2,170 1,964
192 194 186 1,278 1,233 1,233
131,915 123,725 116,611 125,752 116,654 111,204
127,200 107,250 104,838 117,600 108,000 98,000
1,047 1,106 1,098 1,047 1,106 1,098
2014 2013 2012 2014 2013 2012
113 128 126 1,080 1,105 1,006
81 98 67 535 564 479
174,217 188,943 137,729 167,358 172,151 153,965
147,000 161,250 134,000 147,000 149,700 135,000
Total # Active Residential Listings at end of Period 765 818 813 765 818 813
MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
Median price
MEDIAN PRICE
4+
Bedroom
Condo/
Co-Op
AVERAGE PRICE
08/01/2014-08/31/2014
over 1,000,000
Total Types
0-2
Bedroom
3
Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
AUGUST STATISTICS
Single
Family
TOTALS REPORT
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
2014
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
Average price
Condo/
Co-Op
PRICE
CLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
TERMS OF SALE
(SALES)
CASH
CONVENTIONAL
FVA
5

1600
1500
1400
1300
1200
1100
1000
900
800
700
600
500
400
300
200
100
0
Number of Homes Sold
6
Single Family Solds (Inc Condos)
Reported by the South Central WI MLS as of 9/12/2014
8 County Regional Sales
August 2014 ‐ 1,192
August 2013 ‐ 1,413
August 2012 ‐ 1,161
Dane County Sales
August 2014 ‐ 685
August 2013 ‐ 883
August 2012 ‐ 674
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
$300,000
$290,000
$280,000
$270,000
$260,000
$250,000
$240,000
$230,000
$220,000
$210,000
$200,000
$190,000
$180,000
$170,000
$160,000
$150,000
$140,000
$130,000
$120,000
$110,000
$100,000
7
Median Sale Price for Single Family Solds (Inc Condos)
Dane County Median
August 2014 ‐ $230,000
August 2013 ‐ $220,000
August 2012 ‐ $213,052
8 County Regional Median
August 2014 ‐ $180,000
August 2013 ‐ $186,900
August 2012 ‐ $169,900

11,000
10,500
10,000
9,500
9,000
8,500
8,000
7,500
7,000
6,500
6,000
5,500
5,000
4,500
4,000
3,500
3,000
2,500
2,000
Number of Active Listings
Available Single Family Homes (Inc Condos)
Dane County Inventory
August 2014 ‐ 2,728
August 2013 ‐ 2,914
August 2012 ‐ 3,596
8 County Regional Inventory
August 2014 ‐ 6,440
August 2013 ‐ 6,685
August 2012 ‐ 7,444
8
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
0
Months of Inventory
9
Months Supply of Inventory for Single Family Homes (Inc Condos)
Dane County Supply
August 2014 ‐ 4.84 Months
8 County Regional Supply
Additional reports and information available at cbsuccess.com

August 2014 Home Sales Report

Recommended

Recommended

More Related Content

More from Phil Sveum

More from Phil Sveum (8)

Recently uploaded

Recently uploaded (20)

August 2014 Home Sales Report