january 2016 home sales report
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Home Sales Report January 2016
February 17, 2016
Record Start to New Year
Sales in Dane County started the New Year in record fashion. The 347 reported sales of single family homes and condominiums is the highest total ever for the month of January, eclipsing the previous record of 345 set in 2006.
The Dane County median sale price for the month stood at $232,550 compared to $217,500 one year ago. For the past twelve month period, the median sale price is almost identical - $232,500. This is 4.9% higher than the previous twelve month median sale price of $221,500.
New listings in January rose 7.4% in Dane County compared to last year, but the total number of active listings decreased 22% due to increased sales activity. As a result, there is only 2.16 months of available inventory for buyers to select from. Generally, six months of active inventory is considered to be a balanced market between buyers and sellers.
For the balance of SCWMLS region* (excluding Dane County), January sales increased 10% over last year (323 vs. 294) with the twelve month median sales price increasing 6.4% to $130,000 from $122,100.
We see positive factors for an active 2016 housing market. Job growth continues and along with that consumer confidence is solid. Demand is strong from millennials and young Gen Xers as new households are formed and life events such as new babies and growing families take place in existing households. Affordability is high as incredibly favorable interest rates continue below 4% - for now. And we see evidence of continued recovery in new construction – especially in single family construction.
Now is an excellent time to be in the real estate market.
*The SCWMLS region includes Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake,Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon and Waushara Counties.
January Home Sales Report
2016 2015 2014
61 61 66
32 31 39
169,344 165,545 126,060
159,000 145,000 117,000
333 401 462
2016 2015 2014
637 593 637
347 327 284
263,850 245,429 237,053
232,550 217,500 205,750
1,433 1,835 2,198
2016 2015 2014
132 178 181
105 102 90
136,874 110,526 115,058
130,000 103,500 98,950
607 751 934
# New Listings
# New Listings
# Sales
Average Sale Price
JANUARY STATISTICS
COLUMBIA COUNTY
Current sales reported as of February 12, 2016 - 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 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.
Total # Active Residential Listings at end of Period
Median Sale Price
ROCK COUNTY
Total # Active Residential Listings at end of Period
DANE COUNTY
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
# Sales
Average Sale Price
Median Sale Price
# New Listings
# Sales
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
47 0
68 8
119 7
143 17
210 24
212 30
259 35
244 39
391 61
456 74
422 78
404 91
400 53
701 96
539 76
631 96
328 61
296 43
124 10
112 3
6,106 902
260,189 232,678
185,000 179,900
PRICECLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
180,000 - 199,999
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
70,000 - 79,999
80,000 - 89,999
Total Types
200,000 - 249,999
250,000 - 299,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
Single Family
less than 30,000
Condo/Co-Op
CURRENT ACTIVE LISTINGS
60,000 - 69,999
Average price
Median price
68 4 0
8 135
10 034
425 2
12 10 3 2
7 13 4 9
6 10 3 5
4 10 1 4
13 21 5 4
9 29 12 9
7 37 9 9
3 31 16 6
3 24 13 5
6 67 39 7
3 43 23 4
1 23 44 7
0 4 19 1
0 3 14 1
10 1 3
0 0 2 0
105 341 226 77
99,946 187,413 272,515 176,597
82,500 173,500 234,000 146,500 MEDIAN SOLD PRICE
80,000 - 89,999
TOTALS REPORTSOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
90,000 - 99,999
140,000 - 159,999
50,000 - 59,999
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
60,000 - 69,999
70,000 - 79,999
200,000 - 249,999
Total Types
0-2Bedroom
3Bedroom
300,000 - 399,999
500,000 - 749,999
40,000 - 49,999
100,000 - 119,999
120,000 - 139,999
250,000 - 299,999
over 1,000,000
4+Bedroom
Condo/Co-Op
AVERAGE SOLD PRICE
180,000 - 199,999
More MLS statistics are available at cbsuccess.com/home-sales-reports
*Sales for the month & current active listings are reported as of 2/12/16. The Current Active Listings Chart includes all listings 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.
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100
200
300
400
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600
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1200
1300
1400
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1700
1800
1900
2000Num
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f Hom
es Sold
Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 2/15/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County SalesJanuary 2016 ‐ 347January 2015 ‐ 327 January 2014 ‐ 284
Regional County SalesJanuary 2016 ‐ 670January 2015 ‐ 621January 2014 ‐ 599
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
$260,000
$270,000
$280,000
$290,000
$300,000
Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 2/15/2016
Dane County MedianJanuary 2016 ‐ $232,550January 2015 ‐ $217,500January 2014 ‐ $205,750
Regional County MedianJanuary 2016 ‐ $179,950January 2015 ‐ $165,000January 2014 ‐ $148,000
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000Num
ber o
f Active Listings
Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 2/15/2016
Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties
Dane County InventoryJanuary 2016 ‐ 1,433January 2015 ‐ 1,835January 2014 ‐ 2,198
Regional County InventoryJanuary 2016 ‐ 4,756January 2015 ‐ 5,824January 2014 ‐ 6,550
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Mon
ths o
f Inven
tory
Months Supply of Inventory for Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 2/15/2016
Dane County SupplyJanuary 2016 ‐ 2.16 Months January 2015 ‐ 3.13 MonthsJanuary 2014 ‐ 3.57 Months
Regional County SupplyJanuary 2016 ‐ 3.84 MonthsJanuary 2015 ‐ 5.26 MonthsJanuary 2014 ‐ 5.84 Months
Months Supply = current inventory divided by the average sales for the most current 12 months
Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Stoughton School District January 2016
2015 YTD 2016 YTD January 2015
# New Listings 25 18 25 18
# Sales 15 11 15 11
Average Sale Price $222,640 $245,036 $222,640 $245,036
Median Sale Price Single Family $197,000 $219,000 $197,000 $219,000
Median Sale Price Condo $73,000 $160,000 $73,000 $160,000
Total # Active Residential Listings at end of period
59 87
Oregon School District January 2016
2016 YTD January 2015
2015 YTD
# New Listings 13 13 20 20
# Sales 10 10 16 16
Average Sale Price $280,809 $280,809 $273,994 $273,994
Median Sale Price Single Family $232,900 $232,900 $255,000 $255,000
Median Sale Price Condo $317,900 $317,900 $128,500 $128,500
Total # Active Residential Listings at end of period
54 74
Verona School District January 2016
2016 YTD January 2015
2015 YTD
# New Listings 38 38 30 30
# Sales 12 12 15 15
Average Sale Price $190,939 $190,939 $257,982 $257,982
Median Sale Price Single Family $264,950 $264,950 $230,000 $230,000
Median Sale Price Condo $141,750 $141,750 $230,000 $230,000
Total # Active Residential Listings at end of period
84 96
Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Deforest School District January 2016
2016 YTD January 2015
2015 YTD
# New Listings 35 35 31 31
# Sales 25 25 19 19 Average Sale Price $279,695 $279,695 $216,635 $216,635
Median Sale Price Single Family $236,500 $236,500 $199,000 $199,000
Median Sale Price Condo $238,000 $238,000 —- —-
Total # Active Residential Listings at end of period
57 91
Sun Prairie School District January 2016
2016 YTD January 2015
2015 YTD
# New Listings 60 60 57 57 # Sales 40 40 27 27
Average Sale Price $241,164 $241,164 $202,208 $202,208
Median Sale Price Single Family $259,000 $259,000 $226,000 $226,000
Median Sale Price Condo $146,250 $146,250 $126,250 $126,250
Total # Active Residential Listings at end of period
110 151
McFarland School District January 2016
2016 YTD January 2015
2015 YTD
# New Listings 15 15 11 11 # Sales 13 13 10 10
Average Sale Price $291,611 $291,611 $295,868 $295,868
Median Sale Price Single Family $289,750 $289,750 $269,184 $269,184
Median Sale Price Condo $259,000 $259,000 $203,450 $203,450
Total # Active Residential Listings at end of period
38 55
Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Lodi January 2016
2016 YTD January 2015
2015 YTD
# New Listings 6 6 10 10 # Sales 6 6 4 4 Average Sale Price $197,667 $197,667 $271,750 $271,750 Median Sale Price Single Family $216,000 $216,000 $270,000 $270,000
Median Sale Price Condo $184,000 $184,000 $149,000 $149,000 Total # Active Residential Listings at end of period
61
Wisconsin Heights January 2016
2016 YTD January 2015
2015 YTD
# New Listings 9 9 4 4 # Sales 5 5 1 1
Average Sale Price $161,580 $161,580 $139,200 $139,200
Median Sale Price Single Family $179,900 $179,900 $139,200 $139,200
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
32 35
Mount Horeb January 2016
2016 YTD January 2015
2015 YTD
# New Listings 13 13 5 5
# Sales 6 6 3 3 Average Sale Price $273,583 $273,583 $178,833 $178,833 Median Sale Price Single Family $277,500 $277,500 $179,000 $179,000
Median Sale Price Condo —- —- —- —- Total # Active Residential Listings at end of period
38 48
Edgerton January 2016
2016 YTD January 2015
2015 YTD
# New Listings 21 21 17 17 # Sales 12 12 11 11 Average Sale Price $155,767 $155,767 $99,258 $99,258
Median Sale Price Single Family $138,700 $138,700 $110,000 $110,000
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
109
Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
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Middleton-Cross Plains School District
January 2016
2016 YTD January 2015
2015 YTD
# New Listings 48 48 48 48 # Sales 18 18 15 15 Average Sale Price $477,830 $477,830 $351,909 $351,909
Median Sale Price Single Family $460,000 $460,000 $392,000 $392,000
Median Sale Price Condo $135,500 $135,500 $262,500 $262,500
Total # Active Residential Listings at end of period
129 146
Waunakee School District
January 2016
2016 YTD January 2015
2015 YTD
# New Listings 42 42 35 35
# Sales 17 17 13 13 Average Sale Price $345,206 $345,206 $305,677 $305,677
Median Sale Price Single Family $334,000 $334,000 $281,000 $281,000
Median Sale Price Condo $124,000 $124,000 $134,500 $134,500
Total # Active Residential Listings at end of period
100 115
Fitchburg Home Prices—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Madison School District in Fitchburg
January 2016
2016 YTD January 2015
2015 YTD
# New Listings 15 15 17 17
# Sales 11 11 11 11 Average Sale Price $293,210 $293,210 $225,795 $225,795
Median Sale Price Single Family $310,000 $310,000 $304,500 $304,500
Median Sale Price Condo $190,500 $190,500 $172,500 $172,500
Total # Active Residential Listings at end of period
31 41
Verona School District in Fitchburg
January 2016
2016 YTD January 2015
2015 YTD
# New Listings 11 11 9 9 # Sales 1 1 2 2
Average Sale Price $55,000 $55,000 $268,450 $268,450
Median Sale Price Single Family —- —- $186,900 $186,900
Median Sale Price Condo $55,000 $55,000 $350,000 $350,000 Total # Active Residential Listings at end of period
24 29
Oregon School District in Fitchburg
January 2016
2016 YTD January 2015
2015 YTD
# New Listings 0 0 1 1
# Sales 1 1 4 4
Average Sale Price $207,500 $207,500 $279,225 $279,225
Median Sale Price Single Family $207,500 $207,500 $278,500 $278,500
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
6 10
Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Lafollette High School January 2016
2016 YTD January 2015
2015 YTD
# New Listings 52 52 64 64
# Sales 31 31 26 26 Average Sale Price $190,740 $190,740 $179,577 $179,577
Median Sale Price Single Family $213,659 $213,659 $186,200 $186,200
Median Sale Price Condo $94,000 $94,000 $109,950 $109,950 Total # Active Residential Listings at end of period
97 166
West High School January 2016
2016 YTD January 2015
2015 YTD
# New Listings 71 71 59 59 # Sales 31 31 41 41
Average Sale Price $337,107 $337,107 $287,544 $287,544
Median Sale Price Single Family $309,500 $309,500 $287,500 $287,500
Median Sale Price Condo $314,000 $314,000 $202,200 $202,200
Total # Active Residential Listings at end of period
170 172
Memorial High School January 2016
2016 YTD January 2015
2015 YTD
# New Listings 86 86 101 101
# Sales 61 61 63 63 Average Sale Price $258,276 $258,276 $265,932 $265,932 Median Sale Price Single Family $262,000 $262,000 $255,000 $255,000
Median Sale Price Condo $170,750 $170,750 $143,000 $143,000 Total # Active Residential Listings at end of period
189 254
East High School January 2016
2016 YTD January 2015
2015 YTD
# New Listings 53 53 48 48 # Sales 39 39 38 38 Average Sale Price $174,611 $174,611 $174,975 $174,975
Median Sale Price Single Family $182,825 $182,825 $159,900 $159,900
Median Sale Price Condo $82,000 $82,000 $153,000 $153,000
Total # Active Residential Listings at end of period
109 133