It's a GREAT Time to SELL and BUY!!!

GMAR (Greater Milwaukee Association of REALTORS) Home sales jumped 24.3% in November
2011 in the 4-county metropolitan Milwaukee area, marking the 5th month in a row that sales have increased.

As of the first week of February with the current active market, positive market forecasts and mild winter weather have left a shortage of listings in some communities and price ranges. Here is a partial list of communities and price ranges that are in need of NEW listings. Yes you’ve read this correct “in NEED of new listings”. If you are thinking of listing your home please give me a call or email. I would be glad to provide you a thorough market evaluation at no cost and no commitment.

Communities and price ranges in need of new listings:

Fox Point - $300,000-$500,000
Hales Corners all prices
Oak Creek up to $200,000
West Milwaukee all prices
Mequon - $250,000 and under
Cedarburg - $250,000 and under
Chenequa under - $750,000
Hartland - $350,000-$450,000
Menomonee falls - $350,000-$475,000
Nashotah all prices

If you are moving up in the market you are capturing a double advantage, while purchasing a home at a much higher reduced percentage than selling your own home. Interest rates are projected to stay low throughout 2012. Recommendations to buyers and sellers Beat the curve and be in Control.

Feel free to follow me on Twitter and Facebook for continued facts and figures about the continual changing market. You may also go to www.gr8time2buy.com

move2milwaukee.com

Realty Executives Integrity
414-379-1101 Direct
email:northshorehomes@msn.com
http://twitter.com/Move2Milwaukee
www.facebook.com/bobarnolds_business_page

http://www.youtube.com/user/move2milwaukee
October 9th 2011 JS Realtor of the Week-2nd time in 2 years

Get the Most for Your Money

What better way to start a new year than with a new home? And the North Shore area has tons of quality homes for sale. However from what I've seen, Fox Point homes are a great value compared to the surrounding area.
Get the full scoop on why Fox Point homes are a better buy than most others in the North Shore area in article linked below:
http://www.jsonline.com/business/pressrelease/Fox-Point-Home-Values-Are-Some-of-the-Best-in-Milwaukee-Says-Local-REALTOR-Bob-Arnold.html

Internet Marketing and Me

The Internet has been a powerful tool in how I market homes. My successful use of it has helped me become the Realtor of the Week for a second time! Check out the article for all the details and contact me to see how we can use the web to successfully find or sell a home today.

http://www.jsonline.com/business/pressrelease/Bob-Arnold-Named-Milwaukee-Journal-Sentinel-REALTOR-of-the-Week-for-Second-Time-133091423.html
www.move2milwaukee.com
northshorehomes@msn.com
(414) 379-1101

Reasons to Buy

Reason to buy in the current market
1)Falling prices
2)Great interest rates.
3)Buyers are in control when making an offer ( less chance of multiple offers through the end of the year)
4)Motivated sellers (as spring comes buyer will not be as motivated, there will be a higher percent of buyers as always in the spring)
5)2011 tax deduction
  Buyers can buyer with as little as 3.5 % cash down in our current market subject to buyer qualifications and property condition. The Metro Milwaukee market is not Florida, Arizona or Nevada. The prices in metro Milwaukee have doped this year unexpectedly do to the week economy. As Wisconsin continues to improve economically, home sales will increase. There is a pent up demand for homes, both selling and purchasing. Recommendations to buyers is to beat the curb and be in control. Start looking now and see what is out in the market. If you are moving up in the market you are capturing a double advantage, with purchasing a home at a  much higher reduced percentage than selling selling your own home.    

Improvement

For the first decade of the new century, home prices in the 4-county Metropolitan Milwaukee area increased 25%; averaging $181,288 in 2000 to $226,301 in 2010.  In the 7-county Southeastern Wisconsin area, average sales price increased by 26%; going from $165,814 in 2000 to $208,391 in 2010.

Over the longer-term, we expect the Southeastern Wisconsin real estate market to gradually improve.  The current market dynamics consisting of low mortgage rates, ample inventory of homes, and reduced prices will be a major incentive to home buyers currently sitting on the sidelines.  Additionally, beginning in 2011 the demographic wave of Generation Y buyers hitting the market will provide an extra boost to the market for years to come

This week's key fact to understand about today’s market:
  

Other home-price measurements also are showing price stabilization.

Per Trulia

Per Trulia-Average price per square foot for Milwaukee WI was $79, a decrease of 13.2% compared to the same period last year. The median sales price for homes in Milwaukee WI for Sep 10 to Nov 10 was $96,318 based on 923 home sales. Compared to the same period one year ago, the median home sales price decreased 14.3%, or $16,037, and the number of home sales decreased 35.9%. There are currently 3,150 resale and new homes in Milwaukee on Trulia, including 5 open houses, as well as 4,896 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Milwaukee WI was $174,752 for the week ending Dec 15, which represents a decrease of 2.7%, or $4,773, compared to the prior week. Popular neighborhoods in Milwaukee include Bay View and Lower East Side, with average listing prices of $165,824 and $241,297.

What's happening to prices in this new year?

We are seeing gas price start to creep up. Economists are saying $4.00 maybe even $5.00 per gallon is feasible. In the past, large long-term gas price increases have increased local metro Milwaukee home and condo sales as well as reduced outer metro Milwaukee home sales. Will or could this help the downtown Milwaukee Condo market? Between the improving economy, past over building but nothing new on the market and increase gas prices, I believe our condo market will start showing signs of stabilizing and improved sales over the next 2-3 years. Remember it isn't the pricing that is hurting the market it is the lack of buyers.

This week's key fact to understand about today’s market:

The national median-home price is stabilizing.