february 2015 homes sales report

Home Sales Report February 2015

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February Home Sales Continue Streak For the third month in a row, Dane County home sales have exceeded those of one year prior. February’s 346 reported sales are 6% greater than 2014 and are the highest total for the month since February 2007. Year-to-date, sales are 10% ahead of last year.

The median price in Dane County continues to rise as well, reaching $216,250 for the month compared to $197,000 in 2014. This represents a 10% increase. For the twelve month period of March 2014 through February 2015, the median sale price now stands at $222,500, an increase of 5% over the prior one year period.

The increase in median prices reflects the strong buyer demand for a product in limited supply. The inventory of active listings continues on the lean side in Dane County with just 3.13 months available. Generally six months of active inventory is considered to represent a balanced market between buyers and sellers. However, there may be indication of change on the way. New listings for February were the highest amount in two years. With the warming weather, we also anticipate new home construction to heat up as well.

Across the eight county* primary market of the SCWMLS, led by Dodge, Green, Iowa and Sauk Counties, sales in February increased 4% over last year after an even start in January. The February median price rose 10.5% over last year to $179,000. Year-over-year, the median price of $180,000 is 3% higher. Active inventory stands at 4.42 months with increases in new listings in five of the eight counties.

Interest rates continue at remarkable levels, approximately .75% below this time last year. Add this to rising consumer confidence and improving economic factors, and the spring market is looking very good for buyers and sellers.

*The eight counties comprising the primary market of the South Central WisconsinMLS are Columbia, Dane, Dodge, Grant, Green, Iowa, Rock and Sauk Counties.

February 2015 Home Sales Report

South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)

2015 2014 2013 2015 2014 2013

86 84 68 147 150 145

35 35 33 66 74 70

167,611 148,121 101,032 166,640 136,494 120,738

155,900 142,000 75,000 151,500 124,050 100,500

394 458 506 394 458 506

2015 2014 2013 2015 2014 2013

765 712 792 1,358 1,349 1,482

346 327 330 670 611 637

248,685 225,985 218,437 245,905 231,129 221,629

216,250 197,000 197,000 215,750 199,900 198,000

1,802 2,243 2,650 1,802 2,243 2,650

Average Sale Price

Median Sale Price

Total # Active Residential Listings at end of Period

DANE COUNTY

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

# New Listings

# Sales

FEBRUARY & Year-to-date Statistics 2015 Current sales reported as of March 12, 2015

# New Listings

COLUMBIA COUNTY

February January - February

# Sales

Average Sale Price

Median Sale Price

11 049

12 7 2 0

8 8 4 1

7 9 12

93 4 1

2 12 4 3

7 14 8 8

5 18 2 8

93 0

11 25 7 9

117 7

5 25 7 10

150 7

8 32 11 10

184 17

2 45 18 9

216 24

4 21 16 5

290 51

1 74 29 5

286 55

2 33 21 7

286 46

1 24 31 4

562 92

0 5 22 2

668 127

0 1 15 2

500 109

0 0 3 1

565 110

0 010

450 58

89 371 211 86

861 105

90,300 172,117 268,581 180,578

669 64

84,900 168,500 228,500 141,500

687 88

360 61

284 38

124 3

129 4

7,481 1,066

242,420 208,372

175,000 159,900 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 of 3/12/2015. The Current Active ListingsChart 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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Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 3/12/2015

Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties

Dane County SalesFebruary 2015 ‐ 346February 2014 ‐ 327 February 2013 ‐ 330

8 County Regional SalesFebruary 2015 ‐ 589February 2014 ‐ 567February 2013 ‐ 568

$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 3/12/2015


Dane County MedianFebruary 2015 ‐ $216,250February 2014 ‐ $197,000February 2013 ‐ $197,000

8 County Regional MedianFebruary 2015 ‐ $179,000February 2014 ‐ $162,000February 2013 ‐ $153,562

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

11,000Num

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f Active Listings

Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 3/12/2015


Dane County InventoryFebruary 2015 ‐ 1,802February 2014 ‐ 2,243February 2013 ‐ 2,650

8 County Regional InventoryFebruary 2015 ‐ 4,313February 2014 ‐ 5,212February 2013 ‐ 5,663

Months Supply = current inventory divided by the average sales for the most current 12 months

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Months Supply of Inventory for Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 3/12/2015


Dane County SupplyFebruary 2015 ‐ 3.13 Months February 2014 ‐ 3.57 MonthsFebruary 2013 ‐ 5.17 Months

8 County Regional SupplyFebruary 2015 ‐ 4.42 MonthsFebruary 2014 ‐ 5.10 MonthsFebruary 2013 ‐ 6.27 Months

Stoughton School District February 2015

2014 YTD 2015 YTD February 2014

# New Listings 31 64 49 32 # Sales 12 20 23 9 Average Sale Price $220,142 $191,620 $232,048 $171,767 Median Sale Price Single Family $204,000 $167,500 $207,500 $159,900

Median Sale Price Condo $180,150 —- $169,300 —- Total # Active Residential Listings at end of period

89 100

Oregon School District February 2015

2015 YTD February 2014

2014 YTD

# New Listings 36 56 39 63 # Sales 17 33 10 29 Average Sale Price $221,082 $246,736 $222,240 $221,588

Median Sale Price Single Family $220,000 $246,000 $192,500 $219,900 Median Sale Price Condo $104,500 $106,500 $265,000 $122,450 Total # Active Residential Listings at end of period

79 108

McFarland School District February 2015


2014 YTD

# New Listings 13 24 19 45 # Sales 5 15 4 10 Average Sale Price $250,153 $280,630 $272,783 $269,223 Median Sale Price Single Family $259,288 $262,450 $207,615 $240,165 Median Sale Price Condo $258,000 $205,000 —- —- Total # Active Residential Listings at end of period

54 59

Verona School District February 2015


2014 YTD

# New Listings 41 71 38 67 # Sales 19 34 14 28 Average Sale Price $297,057 $279,818 $245,400 $240,052 Median Sale Price Single Family $292,196 $262,900 $269,900 $269,000 Median Sale Price Condo $128,000 $128,000 $154,900 $154,900 Total # Active Residential Listings at end of period

95 111

Real Estate Market Statistics—February 2015

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of March 13, 2015.

Deforest School District February 2015


2014 YTD

# New Listings 31 62 24 44

# Sales 22 41 18 23 Average Sale Price $231,553 $224,640 $254,307 $243,512 Median Sale Price Single Family $232,500 $225,200 $253,000 $243,000 Median Sale Price Condo $255,969 $255,969 —- —- Total # Active Residential Listings at end of period

82 97

Wisconsin Heights School District February 2015


2014 YTD

# New Listings 12 16 14 27 # Sales 4 5 8 9

Average Sale Price $254,625 $231,540 $258,8136 $249,744

Median Sale Price Single Family $223,500 $185,000 $206,000 $192,000 Median Sale Price Condo —- —- —- —- Total # Active Residential Listings at end of period

41 50

Mount Horeb School District February 2015


2014 YTD


# Sales 4 7 9 19 Average Sale Price $327,875 $264,000 $239,503 $245,496 Median Sale Price Single Family $302,250 $198,500 $200,000 $204,900

Median Sale Price Condo —- —- —- —- Total # Active Residential Listings at end of period

57



Sun Prairie School District February 2015


2014 YTD


136 194



Middleton-Cross Plains School District

February 2015


2014 YTD

# New Listings 64 114 62 122

# Sales 23 38 24 41 Average Sale Price $345,379 $347,957 $256,542 $293,420

Median Sale Price Single Family $364,000 $366,058 $354,562 $331,405

Median Sale Price Condo $102,950 $113,950 $81,000 $81,000

Total # Active Residential Listings at end of period

158 177

Waunakee School District

February 2015


2014 YTD


# Sales 16 29 8 20





117 159

Fitchburg Home Prices—February 2015


Madison School District in Fitchburg

February 2015


2014 YTD


# Sales 7 18 12 18





45 49

Verona School District in Fitchburg

February 2015


2014 YTD




Median Sale Price Condo —- $350,000 —- $109,000


32 38

Oregon School District in Fitchburg

February 2015


2014 YTD


# Sales 2 6 1 2



Median Sale Price Condo —- —- —- —-


11 12

Lafollette High School February 2015


2014 YTD

# New Listings 83 148 70 122

# Sales 38 64 25 51 Average Sale Price $185,057 $182,830 $162,100 $168,970 Median Sale Price Single Family $188,300 $186,200 $198,000 $182,900 Median Sale Price Condo $105,650 $109,950 $85,500 $91,250 Total # Active Residential Listings at end of period

164 190

West High School February 2015


2014 YTD



Median Sale Price Single Family $266,000 $273,000 $240,500 $270,000 Median Sale Price Condo $267,000 $214,500 $181,000 $183,500 Total # Active Residential Listings at end of period

171 251

Memorial High School February 2015


2014 YTD

# New Listings 126 227 112 207

# Sales 57 120 56 105 Average Sale Price $240,591 $253,895 $221,599 $228,806 Median Sale Price Single Family $257,000 $256,000 $225,000 $225,000

Median Sale Price Condo $151,700 $151,700 $147,900 $146,900 Total # Active Residential Listings at end of period

270 271

Madison High Schools—February 2015


East High School February 2015


2014 YTD


130 179