Here are the current market conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market.

There were 84 homes sold during the 2nd quarter of 2010 in the City of Oak Creek WI (up from 36 last quarter and up from 62 during the same period in 2009.) The monthly break down is as follows:

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• April – 27 homes sold
• May – 32 homes sold
• June – 25 homes sold

There were 152 active listings in Oak Creek, WI as of 12 July 2010 of which 16 have accepted offers.  There are an additional 5 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 2nd quarter 2010 were on the market, an average, 136 days. Homes were selling for 96.10% of last asking price and 87.22% of assessed value. Based on the sales data for the quarter, there is currently a 5-6 month supply of inventory in the Oak Creek, WI Market. I expect that with the expiration of the tax credit that we will see the supply of inventory increase as fewer homes are sold over the next few months. There was a total of $17,965,960 in sales volume translating into an average sales price of $222,558.   The lowest sold price of a home this quarter was $43,000 and the highest priced sale came in at $424,760. From what I could determine looking at the tax records and the MLS data, there were 11 foreclosure sales and 4 short sales during the quarter. Below is a spreadsheet showing the breakout by month of the sales. Also below are 3 pdf links that provide monthly detailed property info on sold properties. If you are thinking about selling your home please feel free to contact me any time. ~Troy

(all data collected using the Metro-MLS 7/14/10)

Solds MLS Data Sheet April 2010
Solds MLS Data Sheet May 2010
Solds MLS Data Sheet June 2010

Here are the current conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market.

There were 47 homes sold during the 4th quarter of 2009 in the City of Oak Creek, WI. The monthly break down is as follows:

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• October- 21 homes sold
• November- 20 homes sold
• December- 6 homes sold

There are 108 active listings in Oak Creek, WI as of 5 January 2010 of which 6 have accepted offers. There are an additional 8 homes that are in pending status meaning that they are pretty much ready to close. (all 3 numbers are down significantly from the previous quarter.) Homes sold in the 4th quarter 2009 were on the market, on average, 99 days, a full month less than in the 3rd quarter. Homes were selling for 96.13% of last asking price (up slightly from last quarter) and 86.68% of assessed value (also up slightly from last quarter.) Based on the sales data for the quarter, there is currently a 6.89 month supply of inventory in the Oak Creek, WI Market which is up a little over last quarter. There was a total of $9,630,880 in sales volume which translates into an average sales price of $204,912 (down about $20,000 over the past 2 quarters) for the Oak Creek, WI home market.
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(all data collected using the Metro-MLS 1/5/10)

Here are the current conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market.

There were 64 homes sold during the 3rd quarter of 2009 in the City of Oak Creek, WI. The monthly break down is as follows:

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• July- 24 homes sold
• August- 24 homes sold
• September- 16 homes sold

There are 131 active listings in Oak Creek, WI as of 6 October 2009 of which 16 have accepted offers. There are an additional 19 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 3nd quarter 2009 were on the market, on average, 127 days, down 62 days over the 2nd quarter. Homes were selling for 95.58% of last asking price (down slightly from last quarter) and 86.28% of assessed value (up slightly from last quarter.) Based on the sales data for the quarter, there is currently a 6.14 month supply of inventory in the Oak Creek, WI Market which is down from last 2 quarters. There was a total of $14,195,319 in sales volume which translates into an average sales price of $221,802 (down about $4,000 from last quarter) for the Oak Creek, WI home market.

(all data collected using the Metro-MLS 10/06/09)

Here are the current market conditions for the Oak Creek Wisconsin Single Family Home Real Estate Market.

There were 62 homes sold during the 2nd quarter of 2009 in the City of Oak Creek, WI.  The monthly break down is as follows:

• April- 17 homes sold
• May- 18 homes sold
• June- 27 homes sold

There are 147 active listings in Oak Creek, WI as of 22 July 2009 of which 17 have accepted offers.  There are an additional 12 homes that are in pending status meaning that they are pretty much ready to close.  Homes sold in the 2nd quarter 2009 were on the market, on average, 191 days, up 42 days over the 1st quarter.  Homes were selling for 97.06% of last asking price (up from last quarter) and 85.66% of assessed value (down from last quarter.)  Based on the sales data for the quarter, there is currently a 7 month supply of inventory in the Oak Creek, WI Market which is down from last quarter. There was a total of $14,012,701 in sales volume which translates into an average sales price of $226,011 for the Oak Creek, WI home market.

(all data collected using the Metro-MLS 7/21-22/09)

There were 40 homes sold during the 1st quarter of 2009 in the City of Oak Creek.  The monthly break down is as follows:

• January- 8 homes sold
• February- 17 homes sold
• March- 15 homes sold

There are 140 active listings in Oak Creek as of 13 May 2009 of which 12 have accepted offers.  There are an additional 15 homes that are in pending status meaning that they are pretty much ready to close.  Homes sold in the 1st quarter 2009 were on the market, on average, 149 days.  Homes were selling for 95.5% of last asking price and 86.7% of assessed value.  Based on the sales data for the quarter, there is currently a 10-11 month supply of inventory in the Oak Creek Market.

(all data collected using the Metro-MLS 5/13/09)

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