august 2015 home sales report

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H S R August 2015

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September 15, 2015

Strong Market Continues

While August homes sales in Dane County did not set records like June and July, the 713 sales are slightly more than 2014, keeping the year-to-date total 13.8% ahead of last year. For the first eight months, total sales in 2015 are second highest on record, exceeded only by those in 2005 (which also is the record year for annual sales).

The median sale price in Dane County rose 5% for the month and is 4.6% higher for the year compared to last year ($230,000 vs. $219,900). Prices continue to show strength from the recessionary lows.

August Home Sales Report

As we reported last month, new listings are keeping pace with 2014 yet the number of active residential listings is still very much on the lean side. The supply of active inventory is 3.3 months compared to 4.8 months at this same time in 2014 and 2013. Generally a six-month supply is considered to represent a balanced market between buyers and sellers.

August had mixed results throughout the primary market* served by the S C W M L S . T o t h e n o r t h , C o l u m b i a a n d S a u k C o u n t i e s b o t h r e p o r t i n c r e a s e d sales and median prices for the month and year-to-date. Dodge County matched its 2014 sales total for the month but is just slightly behind in year-to-date sales. Median prices are up both for the month and for the year. To the southwest, Grant and Iowa Counties saw sales drop for the month but both are up year-to-date. Median prices also dropped in August but year-to-date, Iowa County is ahead while Grant County is even.

To the south, Rock and Green Counties had split results for the month: Green was behind in sales but up with its median price; Rock was the exact opposite with sales ahead but median price slightly below last August. For the year, both counties are ahead in sales and median prices.

Next month we will be three-quarters of the way through 2015 and we will take a look at what to expect for the remainder of the year. In the meantime, buyers and sellers are encouraged to take advantage of the conditions in the market place – especially as mortgages continue to be available at very low rates.

*The eight counties comprising the primary market of the South CentralWisconsin MLS are Columbia, Dane, Dodge, Grant, Green, Iowa, Rock and Sauk Counties

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South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)

2015 2014 2013 2015 2014 2013

105 98 84 942 879 914

73 55 76 537 465 455

176,846 182,613 173,348 177,108 163,010 148,235

152,500 150,000 162,950 158,000 147,500 132,000

503 580 643 503 580 643

2015 2014 2013 2015 2014 2013

790 787 909 7,499 7,433 7,694

713 708 883 5,749 5,052 5,520

270,554 258,601 256,366 259,175 249,459 241,873

245,000 233,500 220,000 230,000 219,900 212,000

2,115 2,782 2,878 2,115 2,782 2,878

Average Sale Price

Median Sale Price

Total # Active Residential Listings at end of Period

DANE COUNTY

Total # Active Residential Listings at end of Period

# New Listings

# Sales

AUGUST & Year-to-date Statistics 2015 Current sales reported as of September 14, 2015

# New Listings

COLUMBIA COUNTY

August January - August

# Sales

Average Sale Price

Median Sale Price

67 3

116 7

165 8

206 16

263 51

298 43

337 49

308 55

536 93

647 110

567 106

584 102

570 69

946 103

782 92

845 105

403 69

404 46

153 7

147 5

8,344 1,139

253,429 216,488

184,900 165,900 Median price

Single Family

CURRENT ACTIVE LISTINGS

30,000 - 39,999

40,000 - 49,999

50,000 - 59,999

60,000 - 69,999

70,000 - 79,999

80,000 - 89,999

90,000 - 99,999

100,000 - 119,999

300,000 - 399,999

400,000 - 499,999

120,000 - 139,999

140,000 - 159,999

160,000 - 179,999

180,000 - 199,999

Average price

less than 30,000

Condo/Co-Op

PRICECLASS/TYPE

500,000 - 749,999

750,000 - 999,999

over 1,000,000

Total Types

200,000 - 249,999

250,000 - 299,999

More MLS statistics are available at cbsuccess.com/home-sales-reportsNOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does

not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.

10 11 4 0

10 7 21

13 18 7 1

11 18 7 1

12 13 1 6

10 16 8 8

15 19 6 12

10 25 4 14

03 15 71 20

31 37 02 23

32 07 12 22

12 65 26 29

8 71 26 9

10 127 69 14

5 82 60 12

3 62 72 14

1 18 49 2

0 8 33 1

00 1 8

0 0 1 0

196 755 440 190

114,150 189,873 284,941 165,068

105,000 176,500 253,800 145,250 MEDIAN PRICE

4+Bedroom

Condo/Co-Op

AVERAGE PRICE

180,000 - 199,999

200,000 - 249,999

250,000 - 299,999

over 1,000,000

Total Types

0-2Bedroom

3Bedroom

300,000 - 399,999

500,000 - 749,999

750,000 - 999,999

160,000 - 179,999

400,000 - 499,999

60,000 - 69,999

70,000 - 79,999

80,000 - 89,999

90,000 - 99,999

120,000 - 139,999

140,000 - 159,999

100,000 - 119,999

TOTALS REPORTSOLD RESIDENTIAL LISTINGS

PRICE CLASS/TYPE

less than 30,000

30,000 - 39,999

40,000 - 49,999

50,000 - 59,999

More MLS statistics are available at cbsuccess.com/home-sales-reports

* 9/14/2015. The Current Active Listings Chart includes all listings available for showings, including those with offers to purchase. This representationis based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.



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Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 9/14/2015

Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties

Dane County SalesAugust 2015 ‐ 713August 2014 ‐ 708 August 2013 ‐ 883

8 County Regional SalesAugust 2015 ‐ 1,254August 2014 ‐ 1,220August 2013 ‐ 1,413

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$280,000

$290,000

$300,000

Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 9/14/2015

Dane County MedianAugust 2015 ‐ $245,000August 2014 ‐ $233,500August 2013 ‐ $220,000

8 County Regional MedianAugust 2015 ‐$192,000August 2014 ‐ $181,500August 2013 ‐ $186,900

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Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 9/14/2015

Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties

Dane County InventoryAugust 2015 ‐ 2,115August 2014 ‐ 2,782August 2013 ‐ 2,878

8 County Regional InventoryAugust 2015 ‐ 5,103August 2014 ‐ 6,483August 2013 ‐ 6,745

Months Supply = current inventory divided by the average sales for the most current 12 months

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Months Supply of Inventory for Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 9/14/2015

Dane County SupplyAugust 2015 ‐ 3.30 Months August 2014 ‐ 4.80 MonthsAugust 2013 ‐ 4.78 Months

8 County Regional SupplyAugust 2015 ‐ 4.68 MonthsAugust 2014 ‐ 6.53 MonthsAugust 2013 ‐ 6.78 Months

Real Estate Market Statistics—August 2015

Stoughton School District August 2015 2014 YTD 2015 YTD August 2014

# New Listings 35 335 296 32

# Sales 29 181 227 26

Average Sale Price $223,765 $218,457 $230,198 $239,877

Median Sale Price Single Family $215,000 $196,000 $210,000 $214,450

Median Sale Price Condo $68,000 $134,000 $160,000 $140,000

Total # Active Residential Listings at end of period

92 155

Oregon School District August 2015

2015 YTD August 2014

2014 YTD

# New Listings 25 318 27 324

# Sales 22 256 26 197





96 152

Verona School District August 2015


2014 YTD

# New Listings 34 391 31 412

# Sales 43 299 40 263





110 152

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of September 13, 2015.



Deforest School District August 2015 2015 YTD August 2014 2014 YTD

# New Listings 34 292 26 268

# Sales 21 238 24 198





78 101

Sun Prairie School District August 2015 2015 YTD August 2014 2014 YTD

# New Listings 74 707 74 642

# Sales 72 584 75 519





162 196

McFarland School District August 2015 2015 YTD August 2014 2014 YTD

# New Listings 16 189 25 216

# Sales 21 163 12 116





57 85



Lodi School District August 2015 2015 YTD August 2014 2014 YTD

# New Listings 24 178 19 190

# Sales 10 107 15 87





101

Wisconsin Heights School District

August 2015 2015 YTD August 2014 2014 YTD

# New Listings 7 90 13 104

# Sales 5 51 7 60



Median Sale Price Condo —- $80,000 —- —-


50 53

Mount Horeb School

District


# New Listings 23 160 22 168

# Sales 12 96 16 96



Median Sale Price Condo —- —- —- $191,250


69 83



Middleton-Cross Plains School District


# New Listings 62 598 43 644

# Sales 67 428 55 414





180 231

Waunakee School District August 2015 2015 YTD August 2014 2014 YTD

# New Listings 41 370 42 373

# Sales 40 235 39 212





134 155

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Fitchburg Home Prices—August 2015


Madison School District in Fitchburg


# New Listings 24 254 13 199

# Sales 19 165 14 151





72 52

Verona School District in Fitchburg



# Sales 13 80 8 59



Median Sale Price Condo $485,000 $221,750 —- $257,500


26 49

Oregon School District in Fitchburg



# Sales 2 39 3 28



Median Sale Price Condo —- $284,950 $278,000 $271,250


11 20

Madison High Schools—August 2015

Lafollette High School August 2015


2014 YTD

# New Listings 77 690 46 619

# Sales 61 605 66 474





135 211

West High School August 2015


2014 YTD

# New Listings 83 844 105 809

# Sales 86 631 77 599





242 268

Memorial High School August 2015


2014 YTD

# New Listings 94 1,148 108 1,103

# Sales 98 938 98 794





296 381


East High School August 2015


2014 YTD

# New Listings 73 659 65 644

# Sales 75 536 70 470





161 197