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What's NEW! (updated January 2012)
HAPPY 2012!
Unless the Mayan calendar is correct and this is our last year of existence this is a great opportunity to purchase real estate! Forget stocks. Don't bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing! Give us a call anytime to talk about your housing needs!
Home Sales Continue to Grow as Median Prices Moderate
“We are definitely closing out the year on a strong note,” said Rob Keefe, Chairman of the WRA Board of Directors, noting that the seasonal pattern of home sales typically slows as winter approaches. “The strong market of the last few months has pulled sales in 2011 nearly even with the 2010 level,” he said. Keefe noted that year-to-date home sales through the end of November are now less than 1 percent below last year, and that is without any bump from the federal government to stimulate existing home sales.
The statewide median price of existing homes fell 2.2 percent in November compared to November 2010, and year-to-date, median prices fell 6.1 percent. “This is clearly a buyer’s market, and while inventories are down from October, they still remain high at more than 14 months,” said WRA President and CEO Michael Theo. “This means buyers will be in the driver’s seat for the foreseeable future.”
“The economy did get a little good news in November with an improvement in the national unemployment rate and even an uptick in consumer confidence and consumer expectations,” said Theo. The national unemployment rate improved to 8.6 percent in November, and the Wisconsin unemployment rate has also been trending downward recently. In addition, the Conference Board’s Consumer Confidence Index improved, as did their Leading Economic Indicator Index due in part to better consumer expectations. “These are both positive signals on the economy, but they are very preliminary and it will take sustained improvements, including significant job growth, before many homebuyers are comfortable diving back into this market,” said Theo. “However, if these trends continue, new buyers will be greeted with very affordable housing in the state, with Wisconsin housing among the nation’s best values.”
The WRA’s report showed that the November WRA Housing Affordability Index was at 242, meaning that the family with median income can afford to buy 242 percent of the median-priced home in the state, given current 30-year fixed-rate mortgage rates and a 20 percent down payment. Comparing Wisconsin’s index with a recent National Association of REALTORS® Affordability analysis, Wisconsin housing was found to be more affordable than the U.S., where the index was just under 200, as well as all of the four broad census regions, especially the Northeast where the index was 163 and the West where the index was 165. “We’ve always known that you get a lot of home for your money in Wisconsin, and that is especially true in this market,” said Theo.
Source WRA
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.
New Listings
W52N106 Pioneer Ct, Cedarburg WI. Rare side by side ranch condo with full basement. 2 bedrooms, 2 baths, 2 car attached garage, $199,900.
4551 S. 68th St, Greenfield WI. One of a kind Custom Home! 3 bedrooms, 2 full/2 half baths, 2 car garage, $289,900.
2920 S. Mabbett Ave, Milwaukee WI. Completely re-habbed Bayview beauty! 3 bedrooms, 2.5 baths, 2 car garage. $249,900.
Please visit our 'Featured Listings' section for more information on these great homes or simply click the green "View all TOTAL Realty Listings" at the top of the page.
Welcome
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!
Buyers
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 alittle about 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.
Sellers
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.