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What's NEW! (Updated November 2015)
We Now Offer PROFESSIONAL HOME STAGING
Total Realty LLC is proud to offer professional staging on all of our full service listings. 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.
Wisconsin Home Market Strong Through 3rd Quarter
With a strong September, the Wisconsin housing market finished the third quarter well ahead of the 2014 pace, according to the most recent analysis of existing home sales by the Wisconsin REALTORS® Association (WRA). September 2015 home sales were 11.1 percent higher than September 2014, and the median price rose 4.3 percent to $155,375 over that same period. Comparing the first nine months of 2015 with the same nine months in 2014, home sales rose 12.6 percent whereas the median price increased 5.7 percent to $157,000.
“It was a great summer for home sales, and we seem to be carrying that momentum into the fall selling season,” said K.C. Maurer, WRA board chairman. Maurer noted that even though the sales volume in the fall is lower than the summer, the three months between September and November still typically account for about 24 percent of home sales in the state. Existing home sales were strong in every region of the state in September, with especially robust sales in the North, up 17.9 percent; the Central region, up 14.2 percent; and the Northeast, up 13.6 percent. Also solid were the remaining three regions, with the Southeast up 11 percent relative to September last year, the West growing 7.1 percent, and the South Central region increasing 5.4 percent over that period. “This is shaping up to be a very good year if sales continue at this rate,” said Maurer. Specifically, if the pace of sales established in the first nine months of 2015 continues through the end of this year, annual sales will likely be in the range of 75,000 homes statewide. The last time Wisconsin home sales exceeded that level was 2005 when just over 78,000 homes were sold.
The median price of existing homes sold increased 4.3 percent over the September 2014 to September 2015 period, which is significant considering that the market has seen virtually no inflation throughout all of 2015. “This is of course excellent news for homeowners who have seen the asset value of their homes continue to rise over the last several years” said WRA President and CEO Michael Theo. In fact, median prices have increased on an annual basis for 41 of the last 43 months. Theo pointed out that the tightening inventories will continue to put pressure on home prices in the state. “New listings are down, as are inventory levels especially in our urban counties,” he said. Although there is currently 13.4 months of unsold inventory available in rural counties, the metropolitan counties in the state have just six months of available supply. The good news is that the Wisconsin labor market is improving with the state unemployment rate falling to 4.3 percent in September. In addition, mortgage rates remain low by historical standards. The 30-year conventional mortgage rate was just 3.89 percent in September, which is about a quarter point lower than this time last year. Both of these developments help to keep affordability at high levels even as median prices rise. The Wisconsin Housing Affordability Index shows the portion of the median-priced home that a household with median family income can qualify to purchase, assuming a 20 percent down payment and the remainder of the principle financed with a 30-year fixed-rate mortgage. The index stood at 229 in September, which is essentially unchanged from the previous year. “The absence of inflation has kept the Fed from raising rates, but when they do start tightening the money supply, mortgage rate increases will likely follow,” said Theo. “This is definitely an excellent time to move to homeownership while housing remains affordable,” 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.
234 Waverly Pl, Waukesha. Thoroughly updated Bungalow with Open Concept Main Level. 2 bedroom, 1 bath, 1 car detached garage. $145,000.
2032 Two Tree Ln, Wauwatosa. Stunning Colonial in Historic Washington Highlands! 3 bedroom, 1.5 baths, 2 car detached garage. $345,000.
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. We hope you 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.