Between 1990 and 2000 employment in the Milwaukee metropolitan area grew by 11,000 jobs annually, much of which was in the services sector.
Single family building permit activity has been relatively steady during the past 13 years. Activity from 2000 to 2002 averaged 3,500 homes annually compared with 3,800 annually during the previous 3 years.
The entry-level market, driven by low mortgage interest rates, is pushing the area's home sales market to possibly its 12th consecutive year of growth. With the number of first-time home buyers exceeding the supply of homes available, homes are not on the market long and multiple bids are common. The market for homes in the upper price ranges is much softer. Homes prived over $500,000 are taking much longer to sell and are showing less appreciation than those in the lower price ranges.
The metropolitan rental market is soft due in large part to low mortgage interest rates, which have encouraged many renters to buy single family homes and condominiums, as well as the slowing economy. Local sources estimate the overall rental vacancy rate is currently close to 9%. Rents have been flat and concessions have become more common. To attract tenants recently built high-end projects are offering 1 or more months' free rent; whereas older projects tend to have more modest incentives.
ZIP Codes: 53207, 53235, 53209, 53223, 53110, 53132, 53211, 53212, 53217, 53129, 53219, 53220, 53221, 53228, 53130, 53154, 53172, 53210, 53213, 53222, 53226, 53214, 53215, 53227 Approximate Location Boundaries: Washington, Waukesha, Racine, Ozaukee Counties
Location Characteristics: The Milwaukee metropolitan area consists of Milwaukee, Ozaukee, Washington, and Waukesha Counties. Although the city of Milwaukee continues to lose population, the remainder of the metropolitan area has shown steady growth since 1990. Between 1990 and 2000 population in the metropolitan area increased by 68,600 to 1.5 million.
About Ron & Diana Dahlberg:
Ron and I are very passionate about what we do! From the very first meeting, our clients know that we are committed to give them 110% at all times, and our staff of licensed and unlicensed assistants do the same. We offer non-traditional real estate services ... What does that mean? We run our office like a traditional/professional business, with salaried employees (and that includes our licensed assistants). The outcome is an office that works as a Full Service Team; where everyone helps one another; where the customers come first, and we all work with a spirit of cooperation, not competition.
Since 1/1/98 Diana Dahlberg has have been the #1 REALTOR in Kenosha County for Single Family Homes. For the year 2001 - she closed 197 units for gross sales in excess of $25 million! Also, for 2001 she was the #1 REALTOR for single family homes for all of Southeastern Wisconsin (that includes Kenosha, Racine, Walworth, Milwaukee, Waukesha counties). Diana was also the #2 REALTOR for the State of Wisconsin (for single family home sales). 2002 sales were in excess of $23 million ... 2003 sales were in excess of $23 million ... 2004 sales were in excess of $24 million and 2005 is going strong! We continue to stay on top in our marketplace even in this Buyer's Market we find outselves in 2005-2008...
Our strong points are:
Marketing and sales Knowledge of the Market Character, Honesty and Integrity in every business deal Dedication to providing the best service Commitment to Excellence Our customers always come first WE LOVE SELLING HOMES!
Why Should you use Ron and Diana Dahlberg of 1 MONTH REALTY?
As a Seller -- we offer Discounted Commission Rates! That means, WE SAVE YOU MORE! How? By charging less ... it's just that simple.
As a Buyer -- we specialize in Buyer Agency. We look out for your best interests, negotiate on your behalf, and offer our expertise in all your real estate decisions. We walk you through every step of the transaction.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
