Sun Prairie Real Estate Market - View Sun Prairie Real Estate Market Trends in Wisconsin

Winter 2012 Market Update 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
Average Home Price	$175,000 - View Graph Trend

Average Price Compared to Last Year	Down 5-10%

Average Time on Market	90-120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$300,000 - $349,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More buyers than sellers

Buyer Activity for the past 90 days in Sun Prairie is	No Change

Seller Activity for the past 90 days in Sun Prairie is?	Decreasing

Multiple Offers?	No

Multiple Offers Commentary	We still have a buyers market in Sun Prairie..........but 'WHERE ARE ALL THE BUYERS'. One concern is with Condominiums that are NOT WARRANTABLE. In other words the developer or a single investor owns the majority of a project. Fannie Mae & Freddie Mac will not accept those properties making the condo EXTREMELY difficult to sell........or at least more expensive to purchase. The Baker Realty Group will help you thru the process of buying a condominium. Give us a call today.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	20-25%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	We still have the First Time Home buyer tax credit available until April 30th. Or the move up credit for return buyers. Take advantages of these credites today. There is currently NO discussion by the Federal government to extend these programs, so get them while the time is right. Plus, the Feb will stop purchasing mortgage backed securities at the end of March, which means Mortgage rates are going to soar to levels estimated to be around 7% or 8%. So lock your rates in today. Call The Baker Realty Group today, and we will show you how to get the best rates available.

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.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Good economic news

Nearest Metro Area	Madison

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

Average Sold Price	$175,000 - View Graph Trend

Sun Prairie Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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