VIEW ALL TOTAL Realty Listings (Click to view listings)
PROPERTY SEARCH (Click to start your home search)
What's NEW! (updated May 2013)
First Quarter Home Sales and Prices Increase by Solid Margins
Wisconsin existing home sales increased 3 percent in March, which is the 21st straight month of sales growth. Median prices grew 9.7 percent to $134,900 in March, compared to the same period last year, according to statistics released by the Wisconsin REALTORS® Association (WRA). Sales during the first quarter were up 10.8 percent, and median prices rose 5 percent relative to the first quarter of 2012.
“This is the highest sales volume we’ve seen in March since 2007, before the Great Recession began,” said Renny Diedrich, Chairman of the WRA board of directors. Noting that sales moderated somewhat from the double-digit growth rates of the past year and a half, Diedrich said, “It’s inevitable that the torrid pace of sales will moderate since the base we’re comparing to is a much improved market. Our markets remain strong and growing.”
Median prices rose a solid 9.7 percent in March, up 5 percent in the first quarter of 2013 compared to the first quarter of 2012. Inventory reductions were a major factor in the recent growth in median prices, according to Michael Theo, WRA President and CEO. “Very low mortgage rates have certainly stimulated sales activity, and this combined with a decline in new listings has brought our unsold inventory levels down to just nine months of supply,” Theo said. Inventory levels are down from 12.1 months a year ago, and from approximately 18 months of unsold homes in July 2011.
The Wisconsin Housing Affordability Index shows the percentage of the median-priced home that a buyer earning the median family income can afford to buy, at current mortgage rates and a 20 percent down payment. The index was at 261 percent in March 2013 compared to 274 percent in March 2012. While Wisconsin housing remains very affordable, the trends of rising prices and rising mortgage rates will eventually erode affordability. “Buyers should consider these trends and take advantage of the current market conditions,” Theo said. “It’s an excellent time for both first-time homebuyers and homeowners who want to trade up, to consult an experienced REALTOR® with local market expertise.
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.
W169N11558 Biscayne Dr, Germantown WI. Move in ready 2 bedroom condo in Lake Park West with ideal location between the pool and pond. 2 bedrooms, 1 bath, 1 car garage. $89,900.
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 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!
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 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.
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.