Filed under: Real Estate
When I was younger and trying to determine what I wanted to be when I grew up (something I still ask myself from time to time), I remember my dad telling me there are three basic needs that people will always have: food, clothing and shelter.
I wonder if years down the road, we’ll look back at this time in history as “The Great Fate of 2008″. It’s anyone’s guess right now if we’ll look back and be thankful we dodged a bullet, or still feel the sting of being hit by one! Either way, we’ll survive. There is a slowly fading generation that’s close enough to guide us through whatever happens next.
Maybe we’ll start to eat differently. We’ll teach our children how to cook from scratch and make healthier choices. Maybe patched blue jeans (for real) will become a fashion statement. Perhaps we’ll be able to accommodate a modest wardrobe that can actually be contained in one dresser and a closet, instead of a walk-in dressing room! Maybe consumers will insist on quality rather than planned obsolescence.
What about housing?? Everyone reading this has a place you call home. How are YOU affected by the Great Fate of 2008? After serving the real estate industry for 25 years, I’ve come to realize people want to talk about real estate because everyone who lays their head on a pillow at night is affected by it.
So – let’s start Talkin Waukesha Real Estate. Let’s chat about how your investments in real estate are faring. Let’s look at those in higher and lower end housing. Let’s see what the government is doing (or not doing) to uphold and protect one of our basic needs. Let’s see who the movers and shakers are out there – those who want to make a difference.
Check in weekly. Hear from expert “guest” contributors. Let me know what’s on your mind. Let’s hear you Talkin Waukesha Real Estate.
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How many houses are currently on the market in the City of Waukesha for under $160,000?
Comment by Leslie December 23, 2008 @ 2:38 pmHere are some interesting statistics for the City of Waukesha:
First to answer your question – there are currently 44 homes for sale in the City of Waukesha under $160,000. That represents 13% of the total market. Of those 44 homes in that price range, at least ONE THIRD of them are foreclosed properties.
Here is a year by year statistical comparison you may find interesting:
YEAR- 2006/ 2007/ 2008
TOTAL UNITS SOLD- 877/ 719/ 609
DAYS ON MARKET – 68/ 72/ 75*
ASK/SOLD PRICE – 98%/ 98%/ 97%
UNDER $160,000 – 86/ 75/ 99
PERCENT OF TOTAL SALES – 10%/ 10%/ 16%
(*Note that the days on market are for the most recent listing. If the property was listed by more than one broker – and many of them are – that does not reflect on the average days on the market).
See a trend????
Comment by 31prov16 December 23, 2008 @ 5:03 pmHelp me out here, I am not sure we are seeing the same trend.
Comment by Leslie December 29, 2008 @ 10:00 pmIn two years, Waukesha has seen the total number of single family homes DROP from 877 to 609
Comment by Diane McGeen December 31, 2008 @ 4:20 amIn two years, (based on the above number) the total homes under $160,000 went from 10% to 16%
Fewer homes sold and of those sales they sold for less money in 2008 than they did the previous 2 years.