Mortgage rates are at all time lows and are currently bouncing around 5.375%. Just recently however they were at 4.75% and are expected to go up significantly soon. The number of new listings is up as well in Brookfield, up 8.0% vs. 2008, which has prices down 7.1% this year. Traditionally as new listings go down the market becomes more in balance with the number of buyers; helping prices to stabilize and start appreciating again.
Helping the market turnaround is a new incentive for buyers in the "Housing and Economic Recovery Act "; an $8,000 First Time Homebuyer Tax Credit. Simply put, if you haven't owned a home in the last 3 years your government will give you $8,000 to buy one. With the $8,000 tax credit, interest rates at historic lows, an abundance of inventory and the recent market price adjustments this is probably the opportunity of a lifetime to buy or upgrade! This tax credit ends soon however, so you must act quickly. Give me a call or visit my website for more information on about this incentive.
So far in 2009, Brookfield had a median sale price of $249,000 compared to $268,000 at this time in 2008. There have been 161 listings sold which have had an average day on market of 113 and an average list to sale price of 90.7%. Currently there are 314 active single family listings on the market. If you are looking for a home and would like to search the MLS database, go to www.BrookfieldHomeFinder.com
Are you looking to sell in the near future? If you would like to see what's going on in your neighborhood, go to www.YourPropertyValueOnline.com or give me a call to request a Free up to the minute Market Snapshot. This free monthly report will show you actual selling prices, days on market, price trends and much more.
For more information on the market, financing, price trends and to search the MLS database, give me a call at 262-641-0900 or visit my website at www.YourWiHome.com
Your time is valuable. I'm here to help!
ZIP Codes: 53005, 53008, 53045, 53072 Location Characteristics: Per the mayor, With a population of 39,740 and the third highest Equalized Property Value in the state, Brookfield is a city where superior schools, high quality public services, a wide range of employment, and broad based commercial services all help to create a unique community that is highly desirable to families and business alike. The parklands and natural landscape provide spaces for recreation as well as connecting safe and attractive neighborhoods.
For more information on the City of Brookfield, go to their website at: www.ci.brookfield.wi.us
About Mark Dallmann:
As a full time agent partnering with Shorewest, I strive to offer the level of service that has become so hard to find these days.
My purpose as your agent is to give you as many options as possible; to listen to your needs and represent your interests with absolute confidence. Every agent runs their business differently, but I do my best to have the answers and services to help make your move as effortless as possible.
Stop by my website where you can search the MLS database or request to have new listings sent to you within hours of their going public. Wondering what your house may sell for in today’s market. Would you like to see a market snapshot of what is going on in your neighborhood? All this and so much more is just a click away.
Your time is valuable. I'm here to help!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
