Today I want to share some interesting information about the current values of homes for sale in Waukesha, WI.
I have been getting a lot of inquiries about the housing market and values lately so I wanted to take some time today to speak on this area of current interest.
After gathering the latest info, I want to help you understand how much the market has bounced back and how this will affect you.
So whether looking to purchase or looking to sell, this information will help.
Here’s what I’ve learned about homes for sale in Waukesha, WI and Waukesha County overall.
As of the final quarter of 2015, the prices of homes for sale in Waukesha, WI were averaging between $200K-$230K.
This was an 8% increase from last year at the same time.
Also, the average cost per square foot is between $117 and $124 per sq. ft. respectfully.
All this being said, sales are down in the first quarter of 2016.
The downturn is mainly due to many Sellers either holding off until Spring or having pulled their listings late last fall.
At the present time, the market just doesn’t have the inventory to handle the large influx of buyers.
This means that the sellers with properly priced, clean, turnkey homes for sale in Waukesha, WI are mopping up the Buyers right now.
This leads me to the thought, “Why aren’t Sellers knocking our doors down to list their homes?”
There are a number of things that impact this behavior.
The weather, kids in school, and having minor repairs for their homes are the biggest factors.
However, the fact remains, inventory is down therefore demand and prices are up.
What does this mean for you if you’re a Buyer or Seller?
My suggestion, call myself or another trusted Realtor to discuss your current situation.
The best way to decide if now is the time for you to buy or sell is to discuss your options with a professional.
Also, I invite you to browse my Facebook or Youtube pages for more helpful hints and videos.
Thank you and I hope you found value with today's post.