Sun Prairie Real Estate Market Conditions & Reports, Sun Prairie Market Trends, Wisconsin

Market Commentary Provided by Bill and Jean Baker
If you can qualify, now is an exceptional time to buy a home in Sun Prairie. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Bill @608-575-6731 or Jean @608-516-6978

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Bill and Jean Baker
Keller Williams Reality
Madison, Wisconsin
Bill @608-575-6731 or Jean @608-516-6978
bakerwilliamj@kw.com
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Nearest Metro Area

Madison

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

Sun Prairie has an abundant supply of condominiums with buyer incentives. Sellers that are selling are pricing ahead of the market, staging the home, and using Baker Realty Group to connect the buyers.

Average Home Price

$200,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$300,000 - $349,000

Compared to Last Year

Down 15-20%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Sun Prairie is

No Change

Seller Activity for the past 90 days in Sun Prairie is

Increasing

Is Financing Available For Qualified Buyers in Sun Prairie?

Yes

Existing Home Prices for the past 90 days are

Decreasing

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

5-10%

Housing Hot Spots

Most cities within the Dane County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Population Growth

Average Sold Price

$200,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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