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Franklin Real Estate and Homes For Sale in Wisconsin - Troy Chowanec, RE/MAX Realty 100, RealtorĀ®

3rd Quarter 2010 Statistical Analysis Single Family Home Sales Franklin, Wisconsin

Troy Chowanec

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

There were 44 homes sold during the 3rd quarter of 2010 in the City of Franklin WI (down from 80 last quarter and down from 69 during the same period in 2009.) The monthly break down is as follows:

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  • July – 10 homes sold
  • August – 22 homes sold
  • September – 12 homes sold

There were 186 active listings in Franklin, WI as of 11 October 2010 (up from from 179 back in July) of which 9 have accepted offers, down from 10 in July. There are an additional 4 homes that are in pending status meaning that they are pretty much ready to close. Homes sold in the 3rd quarter 2010 were on the market, an average, 169 days, up from 133 in Q2. Homes sold for 94.16% of last asking price and 87.36% of assessed value a little down from last quarter. Based on the sales data for the quarter, there is currently a 12-13 month supply of inventory in the Franklin, WI Market up from the 6-7 month supply we had in July. I predicted that the supply of inventory would increase as home sales slowed after the expiration of the tax credit and that has proven correct. There was a total of $13,343,690 in sales volume (almost half that of Q2) translating into an average sales price of $303,266 (up about 17K from Q2) The lowest sold price of a home this quarter was $25,000 and the highest priced sale came in at $780,000. From what I could determine looking at the tax records and the MLS data, there were 6 foreclosure sales and 1 short sale 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 10/11/10)

pdf Solds MLS Data Sheet July 2010
pdf Solds MLS Data Sheet August 2010
pdf Solds MLS Data Sheet September 2010

3rd Quarter 2010 Statistical Analysis Single Family Home Sales Franklin, WI

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