Friday, January 29, 2010

Trends Update

 

 

 

Today, January 29, 2010

Market View for Madison

Info

Avg. Listing Price $255,684 Wk ending Jan 20

-$725
-0.3%
w-o-w

Median Sales Price $182,000 Sep '09 - Nov '09

-$3,000
-1.6%
y-o-y

1,093

Homes For Sale

10

Open Homes

2,810

Recently Sold

383

Foreclosures

Market Trends for Madison

Listing price – Madison

Average Listing Price

$255,684

-0.3%

w-o-w

Median Sales Price

$182,000

-1.6%

y-o-y

Average price/sqft

$189

+46.5%

y-o-y

Number of Sales

871

+60.4%

y-o-y

More Madison Market Trends

Select chart to embed:  

 

Most popular
zip codes

Avg. listing price
Week ending Jan 20

 
w-o-w

 

53719

$215,684

+1.4%

53704

$279,042

+1.2%

53711

$247,538

-0.6%

53705

$361,599

+1.0%

53703

$372,002

-0.2%

 

Movers & Shakers

Avg. listing price
Week ending Jan 20

 
w-o-w

 

53715

$306,164

+5.1%

53718

$176,743

-3.2%

53719

$215,684

+1.4%

53704

$279,042

+1.2%

53562

$415,485

+1.2%

 

Madison Summary

Average price per square foot for Madison WI was $189, an increase of 46.5% compared to the same period last year. The median sales price for homes in Madison WI for Sep 09 to Nov 09 was $182,000 based on 871 home sales. Compared to the same period one year ago, the median home sales price decreased 1.6%, or $3,000, and the number of home sales increased 60.4%.

There are currently 1,093 resale and new homes in Madison on Trulia, including 10 open houses, as well as 383 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Madison WI was $255,684 for the week ending Jan 20, which represents a decrease of 0.3%, or $725, compared to the prior week. Popular neighborhoods in Madison include Capitol and Regent, with average listing prices of $468,520 and $360,778.

 

Schools in Madison

Info

DISTRICT

TYPE

GRADES

SCHOOLS

STUDENTS

Madison Metropolitan School District

Public

—

52

—

SCHOOL NAME

SCHOOL TYPE

GRADES

PARENT RATING

Edgewood Campus School

Catholic

PK - 8

Cesar Chavez Elementary School

Public

K - 5

Elvehjem Elementary School

Public

K - 5

Please consult with the school district or a local real estate pro to confirm your eligibility to enroll with a particular district or school.

View all Madison Schools

 

Community Info for Madison

Info

 

 

 

Mark Williams, Realtor, ABR, Broker

Howard and Williams Brokerage

 

 

Posted by at

Real Estate Searching date - Active web searches for the Wisconsin real estate market - Past 12 Months

 Searches    Websites

 

Scale is based on the average traffic of real estate from Wisconsin in the last 12 months. Learn more

real estate 

 

1.00

  

 

 Rank by   

Germany launches Hypo Real Estate takeover bid
Marin Independent-Journal - Apr 9 2009   

Real Estate
Miami Daily Business Review - Sep 9 2009   

Real Estate
Miami Daily Business Review - Sep 24 2009   

Real Estate Transactions
Walpole Times - Oct 21 2009   

Real Estate News
Florida Weekly - Nov 5 2009   

Commercial Real Estate
Miami Daily Business Review - Jan 21 2010   

 

More news results »

 

 

 

 

Mark Williams, Realtor, ABR, Broker

Howard and Williams Brokerage

 

Posted by at

FW: *** Updated possible Foclosure and Short Sale listings ***

 

 

 

Mark Williams, Realtor, ABR, Broker

Howard and Williams Brokerage

 

Link to Listings

Posted by at

Thursday, January 28, 2010

Emailing: Foreclosure plague 2009's worst-hit cities - Jan. 28, 2010.htm

Las Vegas: Most foreclosures of any city in 2009

las_vegas_day.ju.top.jpgLas Vegas - call it Foreclosure City.By Les Christie, staff writerJanuary 28, 2010: 5:55 AM ET


NEW YORK (CNNMoney.com) -- Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.

Las Vegas had the largest number of foreclosure filings of any city last year, with 12% of its households receiving at least one during the year, according to RealtyTrac, the online marketer of foreclosed homes. That was more than five times the national average.

Cape Coral, Fla., was a close second with 11.9% of its households; Merced, Calif., was third with 10.1%.

The good news is that all top 20 cities recorded declines in foreclosure filings in the last three months of the year.

The bad news is that the foreclosure plague is spreading beyond these usual trouble spots, according to RealtyTrac's CEO, James Saccacio. And, nationwide, foreclosures grew 21.2% during the year.

3 million hit with foreclosure notices in 2009

"Areas like Provo, Utah, Fayetteville, Ark., Portland, Ore., and Rockford, Ill., all posted foreclosure rates above the U.S. average in 2009," he said. "And markets like Honolulu, Minneapolis and Seattle saw foreclosure activity increase at more than twice the national pace over the past 12 months."

He added that the new foreclosure wave seems more grounded in traditional foreclosure causes, such as job losses, than those recorded in the Sand States, where they were much more "bubble related."

In cities such as Las Vegas, Phoenix, Miami and Bakersfield, Calif., soaring home prices of the mid 2000s drove homebuyers to desperate measures, such as taking on hybrid adjustable rate mortgages, also called toxic ARMS. These products only remained affordable as long as home prices grew; once prices stopped rising, borrowers began to default.

New hotspots

Some cites that had escaped the worst of the default demon in prior years saw foreclosure filings -- default notices, auction sales and bank repossessions -- soar. The Gulfport area of Mississippi recorded a year-over-year spike of 784%. Houma, La., recorded a 379% gain, and Roanoke, Va., filings jumped 352%.

Check the foreclosure rate in your state

Despite the big increases, however, the foreclosure rates for those cities ranked in the bottom third of the nation. For example, Gulfport was number 180 out of 203 metro areas listed.

Filings in Boise, Idaho, on the other hand, grew 103% but that was enough to put it 24th among cites, the highest ranking of any place outside the Sand States.

In contrast to the boom areas, cities where home prices never soared have endured far fewer foreclosures. The lowest rate of filings for any of the cities covered in the RealtyTrac report were found in Burlington, Vt., and Utica, N.Y, each of which had a miniscule 0.05% filing rate.

The housing boom, with its annual double-digit price increases, mostly bypassed areas like those, enabling buyers to escape the necessity of stretching their incomes to cover high housing costs.

America's most overvalued cities

In Burlington, the median home price has stayed under $230,000, and median home prices in Utica have been very cheap, not more than $120,000 at any time.

For cities like that, few foreclosures are caused by mortgage related issues and, as long as the local economies don't crash, defaults should remain well under national averages. To top of page

  • Print
$8 million in assets and can't get a mortgage

450,000 at risk in foreclosure-prevention program

Get help before you fall behind your FHA mortgage
First Published: January 28, 2010: 3:40 AM ET
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