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What's NEW! (Updated August 2015)
We Now Offer PROFESSIONAL HOME STAGING
Total Realty LLC is proud to offer professional staging on all of our full service listings beginning July of 2015. As part of our full service listing Storied Homes will conduct a 2 hour consultation and go through your home room by room giving suggestions and tips on how to maximize space and your homes potential. Recommendations are simple and inexpensive and are meant to attract more potential buyers. You can find out more about Storied Homes, Cindy Schickert and Joel Gollhardt, under the "Home Staging with Storied Homes" tab.
Robust Housing Market at Strongest Level Since Before Recession
The Wisconsin housing market continued to grow at a very strong pace in June, which pushed year-to-date sales to their highest level since 2006, according to the most recent analysis of residential housing activity conducted by the Wisconsin REALTORS® Association (WRA). Existing home sales rose 17.6 percent in June compared to June 2014, and this pushed median prices up 6.3 percent to $169,000 in June. Comparing the first half of 2015 with that same period last year, home sales were up 12.3 percent, and median prices increased 6.9 percent over that time frame.
“This is the best June sales volume we’ve seen in 11 years, well before the recession began,” said Dan Kruse, WRA board chairman. “Moreover, June has historically been a very busy month for housing sales,” Kruse added. “In a typical year, June accounts for about 11.5 percent of annual sales, which is the highest share of any month during the year,” said Kruse.
Compared to the first six months of 2014, sales were up by solid margins in all regions. The strongest sales were in the North and West regions, where existing home sales grew between 17.1 percent and 18.5 percent for the first half of the year. The growth from January through June in the remaining four regions was tightly clustered in the range of 9.9 percent to 12.2 percent, again relative to the first six months of 2014.
The statewide median price continued its strong growth trend as prices rose 6.3 percent to $169,000 in June compared to June 2014. “Prices are up $10,000 over the last 12 months, and they have been generally rising on an annual basis for more than three years,” said WRA President and CEO Michael Theo. After the recession began at the end of 2007, state housing prices didn’t bottom out until 2012; since March 2012, they have been generally rising when compared to the same month in the previous year. “It took several years to deal with the excess inventory created by foreclosures, but we are now at pre-recession levels on foreclosures in the state, and inventory levels are at healthy levels statewide,” said Theo. Foreclosures for the first half of the year are down 11.3 percent from the first half of last year, and they are nearly 61 percent lower than the peak foreclosure year of 2010. “We had just under nine months of inventory in June, but these markets are tightening,” Theo said. New listings were down 8.2 percent in June 2015 compared to June 2014, and the metropolitan counties had 6.7 months of available supply last month.
Still, housing continues to be affordable in the state even as prices have increased. This affordability is primarily due to slight improvements in the 30-year fixed mortgage rate, which stood at 3.98 percent in June compared to 4.16 percent in June last year. The Wisconsin Housing Affordability Index was unchanged at 215 in June 2015 relative to June 2014. The index measures the percent of the median-priced home that a household with median family income and a 20 percent down payment can afford to buy at current mortgage rates. “Note that the Fed continues to hint at an interest rate hike, probably early in the fall, which will almost certainly lead to higher mortgage rates,” said Theo. Indeed, mortgage rates have already moved up about a third of a percent since January this year. The tightening inventories will continue to push prices up, and when combined with higher mortgage rates, home affordability will likely fall even if incomes grow at a modest pace. “Potential buyers need to get off the fence if they want to take advantage of the current low mortgage rates,” said Theo. Homes in many markets are moving very rapidly, so it’s important for buyers to respond quickly to opportunities. “Using an experienced REALTOR® with a deep knowledge of local markets remains one of the best ways to take advantage of current market opportunities,” he said.
If you are thinking of Buying give us a call anytime at 414-333-3723 (Troy) or 262-208-8520 (Mike) to talk about your real estate needs. If you are thinking of Selling please contact us for a FREE market analysis of your home.
3957 S. 58th St, Milwaukee WI. Thoroughly transformed Colonial feels like a new home. 3 bedroom, 2 bathroom, 2.5 car detached garage. $219,900.
1574 S. 74th St, West Allis WI. Beautiful Bungalow with old world craftsmanship throughout. 3 bedroom, 1.5 bathrooms, 2.5 car detached garage. $149,900.
2874 N. Hartung Ave, Milwaukee WI. Move in ready Enderis Park colonial. 2 bedroom, 1 bathroom, 2 car detached garage. $119,900.
Please visit our 'Featured Listings' section for more information on these great homes or simply click HERE to view exclusive TOTAL REALTY listings.
Welcome to TOTAL REALTY LLC. Whether you are buying or selling we are here to serve all of your real estate needs. TOTAL REALTY has been serving southeast Wisconsin since 1976.You will find our site easy to use as it was designed with Buyers and Sellers in mind. See how easy it is to search for homes that are currently listed in Southeast WI or just sit back and allow us to do the work for you and watch how easy and quickly the information is sent to you!
CLICK HERE TO PUT OUR BUYER PROGRAM TO WORK FOR YOU! Our site offers many ways to find your dream home. Check out our Property Search option and select all the different areas that you may want to live in. Search by area, municipality, zip code, county, etc. It's that easy!
We welcome the opportunity to put our Buyer Program to work for you. This is a proven no-cost program that helps you locate and purchase your new home. Simply let us know what you are looking for in your new home and we will set you up on an automated search so you have access to new listings immediately!
If there is a property you would like to tour please let us know when you are available and we can show you ANY and ALL listed properties in Southeast WI. We are also experienced and willing to work with 'for sale by owner' properties if your future dream home is not listed in MLS. As a Buyer's agent we will represent YOU in the purchase, not the seller and make sure that YOUR needs and interests are met.
We offer you FULL SERVICE at a reasonable commission and will help get your home in front of more potential Buyers. Go to our Commission Schedule page to see how much we will save you compared to other full service real estate companies. We also offer limited service listings for clients who want the full exposure that MLS and the internet brings but choose to be more actively involved in the home selling process. Please go to FLAT FEE MLS for additional information.