march 2015 homes sales report
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Home Sales Report March 2015
Hot March Sales Close Big 1st Quarter Dane County home sales continued the fast start to 2015, rising 18.5% over March 2014, making 1st quarter sales of single family homes and condominiums the highest total since 2006. Year-to-date, 2015 is now 13.5% ahead of last year and 7.7% of the pace set in 2013, which ended up being the third best year on record.
The median sale price in Dane County continues to rise as well, reaching $220,000 for the month compared to $207,000 in 2014, a 6.3% increase. For the twelve month period of April 2014 through March 2015, the median sale price stands at $223,400, an increase of 4.7% over the prior one year period.
New listings in Dane County rose for the second month in a row – increasing more than 13% over March 2014. As a result, the inventory of active listings reversed its recent trend and rose slightly to 3.24 months. While still on the lean side, with six months of active inventory considered to represent a balanced market between buyers and sellers, we are hopeful this is a positive indicator of an expanding housing stock. Buyer demand continues to be very strong as mortgage rates remain below 4%.
March Home Sales Report
Across the eight county* primary market of the SCWMLS, led by Columbia, Dane, Green, Rock and Sauk Counties, sales in March increased 17.2% over last year. The March median sale price rose 8.5% over last year to $184,900. Year-over-year, the median sale price of $181,000 is up 3.5%. Active inventory stands at 4.42 months with increases in new listings in four of the eight counties.
As we go forward into spring, it is apparent prices will continue to rise. And at some point, interest rates will as well. Therefore the old adage - there is no better time to buy than today - is likely very true. Waiting may be costly.
*The eight counties comprising the primary market of the South Central WisconsinMLS are Columbia, Dane, Dodge, Grant, Green, Iowa, Rock and Sauk Counties.
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
2015 2014 2013 2015 2014 2013140 113 112 287 263 257
57 46 34 123 120 104
153,365 173,207 136,361 160,488 150,567 125,846
124,700 134,450 110,500 139,900 127,250 107,500
402 469 512 402 469 512
2015 2014 2013 2015 2014 20131,096 965 970 2,454 2,314 2,452
578 488 521 1,247 1,099 1,158
250,782 233,683 224,727 148,068 232,158 223,023
220,000 207,000 196,000 218,087 203,000 197,250
1,927 2,304 2,676 1,927 2,304 2,676
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
DANE COUNTY
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
# New Listings
# Sales
MARCH & Year-to-date Statistics 2015 Current sales reported as of April 13, 2015
# New Listings
COLUMBIA COUNTY
March January - March
# Sales
Average Sale Price
Median Sale Price
10 13 0 0
6 9 5 1
9 15 5 2
7 11 6 2
7 13 4 5
12 10 4 3
10 25 5 5
6 29 6 11
84 1
11 86 21 17
106 7
51 15 12 21
158 9
11 23 41 24
201 14
3 59 15 16
228 29
4 56 20 9
297 57
8 113 44 15
296 58
2 54 44 5
304 58
2 35 63 9
575 107
0 10 27 3
689 140
0 3 13 1
565 111
0 2 2 1
601 116
0 1 4 0
511 69
123 609 314 150
931 107
105,923 177,761 271,521 170,145
757 71
93,000 169,000 242,500 143,950
751 79
399 64
351 37
133 5
143 3
8,080 1,142
249,901 201,507
179,900 159,000 Median price MEDIAN PRICE
4+Bedroom
Condo/Co-Op
AVERAGE PRICE
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
100,000 - 119,999
over 1,000,000
Total Types
0-2Bedroom
3Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
120,000 - 139,999
140,000 - 159,999
Single Family
TOTALS REPORTSOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
CURRENT ACTIVE LISTINGS
50,000 - 59,999
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
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
180,000 - 199,999
Average price
less than 30,000
Condo/Co-Op
PRICECLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
200,000 - 249,999
250,000 - 299,999
* Sales for the month & current active listings are reported as of4/13/2015. 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
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Numbe
r of H
omes Sold
Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 4/13/2015
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Dane County SalesMarch 2015 ‐ 578March 2014 ‐ 488 March 2013 ‐ 521
8 County Regional SalesMarch 2015 ‐ 982March 2014 ‐ 838March 2013 ‐ 843
$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 4/13/2015
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Dane County Median March 2015 ‐ $220,000 March 2014 ‐ $207,000 March 2013 ‐
$196,000
8 County Regional Median
March 2015 ‐ $184,900 March 2014 ‐ $170,500 March 2013 ‐ $168,500
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
10,000
10,500
11,000
Num
ber o
f Active Listings
Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 4/13/2015
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Dane County InventoryMarch 2015 ‐ 1,927March 2014 ‐ 2,304March 2013 ‐ 2,676
8 County Regional InventoryMarch 2015 ‐ 4,482March 2014 ‐ 5,343March 2013 ‐ 5,698
Months Supply = current inventory divided by the average sales for the most current 12 months
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1
2
3
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5
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9
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18
19
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22
23
24
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 4/13/2015
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Dane County Supply March 2015 ‐ 3.24 Months March 2014 ‐ 3.76 Months March 2013 ‐ 5.19 Months
8 County Regional Supply March 2015 ‐ 4.14 Months March 2014 ‐ 5.23 Months March 2013 ‐ 6.35 Months
Real Estate Market Statistics—March 2015
Stoughton School District March 2015 2014 YTD 2015 YTD March 2014
# New Listings 47 88 97 24
# Sales 26 46 49 24
Average Sale Price $194,504 $187,636 $212,126 $183,598
Median Sale Price Single Family $204,900 $165,000 $205,000 $154,500
Median Sale Price Condo $166,900 $102,000 $168,100 $102,000
Total # Active Residential Listings at end of period
86 104
Oregon School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 46 105 46 109
# Sales 23 56 20 50
Average Sale Price $314,870 $274,720 $226,050 $222,091
Median Sale Price Single Family $342,000 $272,000 $215,000 $215,000
Median Sale Price Condo $163,500 $117,500 $219,500 $161,000
Total # Active Residential Listings at end of period
85 124
McFarland School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 33 57 18 62
# Sales 19 34 12 22
Average Sale Price $265,549 $272,202 $219,300 $241,992
Median Sale Price Single Family $279,623 $267,500 $195,000 $230,500
Median Sale Price Condo $241,900 $235,950 $160,100 $160,100
Total # Active Residential Listings at end of period
51 59
Verona School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 60 130 54 122
# Sales 32 66 20 49
Average Sale Price $294,843 $287,103 $293,395 $258,736
Median Sale Price Single Family $286,200 $280,000 $249,900 $264,500
Median Sale Price Condo $158,450 $146,900 $167,475 $154,900
Total # Active Residential Listings at end of period
95 117
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2015.
Real Estate Market Statistics—March 2015
Deforest School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 45 106 41 85
# Sales 24 65 22 45
Average Sale Price $236,308 $228,948 $220,636 $232,328
Median Sale Price Single Family $209,900 $220,250 $191,250 $224,900
Median Sale Price Condo $188,000 $218,000 —- —-
Total # Active Residential Listings at end of period
97 102
Wisconsin Heights School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 15 31 9 36
# Sales 6 11 7 16
Average Sale Price $526,000 $392,155 $217,857 $235,794
Median Sale Price Single Family $260,500 $249,000 $163,000 $177,100
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
47 53
Mount Horeb School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 19 47 24 54
# Sales 11 18 8 27
Average Sale Price $375,982 $332,433 $244,850 $245,305
Median Sale Price Single Family $279,000 $262,450 $184,900 $202,450
Median Sale Price Condo —- —- $134,000 $134,000
Total # Active Residential Listings at end of period
57 70
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2015.
Sun Prairie School District March 2015
2015 YTD March 2014
2014 YTD
# New Listings 91 211 95 213
# Sales 66 130 55 137
Average Sale Price $233,082 $226,310 $203,027 $206,588
Median Sale Price Single Family $232,000 $227,000 $235,000 $235,000
Median Sale Price Condo $144,000 $143,000 $120,400 $124,450
Total # Active Residential Listings at end of period
140 203
Real Estate Market Statistics—March 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2015.
Middleton-Cross Plains School District
March 2015 2015 YTD March 2014
2014 YTD
# New Listings 95 209 74 198
# Sales 40 78 38 80
Average Sale Price $297,469 $322,065 $324,512 $310,583
Median Sale Price Single Family $320,000 $350,000 $328,992 $329,992
Median Sale Price Condo $153,500 $128,900 $195,750 $126,950
Total # Active Residential Listings at end of period
168 187
Waunakee School District
March 2015 2015 YTD March 2014
2014 YTD
# New Listings 45 117 45 119
# Sales 25 54 15 36
Average Sale Price $334,872 $326,274 $373,788 $332,442
Median Sale Price Single Family $387,500 $357,500 $367,500 $363,750
Median Sale Price Condo $150,000 $154,950 $177,500 $138,055
Total # Active Residential Listings at end of period
113 157
Fitchburg Home Prices—March 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2015.
Madison School District in Fitchburg
March 2015 2015 YTD March 2014
2014 YTD
# New Listings 39 83 28 67
# Sales 16 34 13 31
Average Sale Price $238,900 $245,016 $299,254 $260,027
Median Sale Price Single Family $269,750 $285,000 $354,000 $320,000
Median Sale Price Condo $183,000 $175,500 $222,500 $172,500
Total # Active Residential Listings at end of period
45 55
Verona School District in Fitchburg
March 2015 2015 YTD March 2014 2014 YTD
# New Listings 16 39 16 36
# Sales 8 14 4 11
Average Sale Price $215,688 $220,279 $361,250 $277,773
Median Sale Price Single Family $225,250 $205,500 $327,500 $225,000
Median Sale Price Condo $174,500 $255,000 —- $109,000
Total # Active Residential Listings at end of period
29 35
Oregon School District in Fitchburg
March 2015 2015 YTD March 2014 2014 YTD
# New Listings 5 12 12 22
# Sales 4 10 6 8
Average Sale Price $309,750 $305,830 $205,125 $216,094
Median Sale Price Single Family $342,000 $319,950 $185,250 $185,250
Median Sale Price Condo —- —- $264,250 $264,250
Total # Active Residential Listings at end of period
6 18
Madison High Schools—March 2015
Lafollette High School March 2015
2015 YTD March 2014
2014 YTD
# New Listings 102 250 91 212
# Sales 66 130 48 99
Average Sale Price $199,339 $191,212 $173,894 $171,357
Median Sale Price Single Family $193,000 $190,000 $180,000 $181,450
Median Sale Price Condo $133,000 $117,300 $145,000 $102,000
Total # Active Residential Listings at end of period
160 197
West High School March 2015
2015 YTD March 2014
2014 YTD
# New Listings 129 262 102 239
# Sales 51 125 39 98
Average Sale Price $306,993 $301,383 $288,180 $277,270
Median Sale Price Single Family $280,000 $275,000 $286,750 $275,000
Median Sale Price Condo $190,000 $191,500 $224,000 $222,500
Total # Active Residential Listings at end of period
175 255
Memorial High School March 2015
2015 YTD March 2014
2014 YTD
# New Listings 161 387 138 347
# Sales 95 215 79 185
Average Sale Price $239,093 $247,355 $233,845 $232,259
Median Sale Price Single Family $258,386 $258,000 $240,690 $233,000
Median Sale Price Condo $141,700 $142,700 $162,750 $150,000
Total # Active Residential Listings at end of period
254 295
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2015.
East High School March 2015
2015 YTD March 2014
2014 YTD
# New Listings 100 201 83 202
# Sales 40 118 42 90
Average Sale Price $161,713 $178,936 $172,810 $184,860
Median Sale Price Single Family $149,615 $172,200 $173,000 $167,250
Median Sale Price Condo $119,000 $115,750 $100,200 $101,250
Total # Active Residential Listings at end of period
138 196