Check out our new home

Cheese Country Realtors has been on hiatus while Brenda completed design of our website. Things over there are looking good, so pop over and take a peek:

MonroeAreaRealEstate.com

Part of the redesign includes rolling the blog into the website itself. This has been something on our wishlist for a while, and it is great to finally have everything under one roof so to speak.

If you want to go to the blog page itself, that is our News section on the website. This link will take you directly there.

We are leaving this blog behind in the interest of keeping everything in one place. If you have subscribed to the RSS feed for this blog, just pop over to the redesigned site and resubscribe.

We'll see you around Cheese Country!

Property of the Week

This week's featured property is a two unit investment property in Albany.

Finally, a fully rented investment property that cash flows! This two unit residential property in Albany has updates including a new roof and furnace in last 2 years. There is a large yard and off street parking. There are separate meters and private entrances. The location is great, close to downtown and Sugar River as well as near a village park. As the end of our tax year approaches, this is a great property to use for investment or in a 1031 exchange.

January and February Green Cty Wi Real Estate Market report

I realized today that it has been a while since we did a comparative market report for the Green County, WI area:

• 45 homes sold though the MLS in January and February of 2011,
• The homes were on the market for an average of 102 days,
  
• The average sale price was $116,028,
  
• The median sale price was $109,900,
  
• The highest priced property sold was $363,587,
  
• The lowest priced property sold was $10,000.

Let's compare with January and February of 2010:

• 21 homes sold through the MLS in January and February of 2010,
• The homes were on the market for an average of 141 days,
• The average sale price was $158,385,
• The median sale price was $129,900,
  
• The highest priced property sold was $333,500,
  
• The lowest priced property sold was $57,500.

Our interpretation of these numbers? The average and median home prices have dropped due to the larger number of less expensive foreclosure homes that have been moving. 22 of these 45 homes sold in January and February were under $99,999.

These numbers also mesh very well with what we have been seeing personally in the real estate market so far this year - things are starting to move again. This is not only true for single family homes. When we look at commercial properties, 4 sold through the MLS in January-February of this year, but only 1 in the same time last year. 3 parcels of vacant land sold this year compared to one last year; 3 multi-family properties have sold this year compared to none last year. The only class that sold better last year was condos: 1 this year compared to 4 last year.

Taking a look at the future, there are 17 single family properties currently pending sale in the MLS. That means that all contingencies have been removed and the parties are just waiting for the closing date. 22 single family homes are also listed as having an offer that still has contingencies. We like seeing those kinds of number in Green County again.

Let's keep real estate recovery going here in Cheese Country.