Wisconsin Realtors Report Steady Sales, Home Prices

Written by Posted On Tuesday, 15 February 2005 16:00

From New Berlin to Kenosha to West Salem, Wisconsin, home prices are rising steadily with buyer demand strongest for homes in move-in condition, say local Realtors.

New Berlin

"The start of the 2005 market is strong," says Realtor Del Darga . "Prices have stayed level with demand picking up but nothing extreme. Interest rates have stayed consistent in the past few months. Homes that are in move-in condition are the very first to go, selling at or over asking price. Homes that need some TLC are staying on the market for over 100 days."


"In 1998 Kenosha was voted as one of the top places to bring up your family in the Reader's Digest," say Realtors Ron and Diana Dahlberg . "Located halfway between Chicago and Milwaukee with train services either way makes commuting a breeze. Kenosha is right off the lake, and yet within minutes of camping, hiking, trails and shopping!

"Kenosha is one of the nation's fastest growing markets," explain the Dahlbergs. "Ideally located between the two large cities (Chicago and Milwaukee) makes commuting a breeze. The housing market is on a constant increase ... condominiums and new construction continues to pave the way! Many new families come to Kenosha from the Illinois area finding a suitable and "quieter" place to live. Interest rates are still holding below the 6.0% percentile ... buyers are continuing to shop -- but the selection process is intense finding the home "ready to move right into." There are many lenders offering special loan packages including ARMs. We are also seeing many buyers taking advantage of the zero down packages for those who qualify (they have great credit but are cash poor.) So, now is a great time for homeowners to refinance or homebuyers to purchase a home. The nicest homes are selling fast and those that are priced even a little too high are stagnating."

West Salem

"Interest rates have dropped to the lowest levels in 41 years," says Realtor Steve Stark . "There is a surge in buyer activity this year. There seems to be a lack of inventory on the market to show these buyers. More listings of homes are needed. This does not automatically make it a seller's market. Buyers seem to be patient with making a decision on purchasing a home. They will wait to find their dream home. A recovery in the bond market in addition to positive economic reports will probably result in an increase in interest rates by the end of 2004. Now is the best time to sell and make a purchase. Many buyers are willing to compete for quality homes which should result in top dollar for your home. Interest rates are probably the lowest that we will see this year which makes now an excellent time to purchase or built your new home."

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