2011 Dane County Real Estate Stats
Yesterday we closed our final scheduled house sale of 2011. So, it’s time to look at our year end statistics. While there is still doom and gloom all over the news about the real estate market, we were blessed with a great year.
Through November, the total number of home sales in Dane County was down 4.25% over last year. The median home price in Dane county was almost flat, down only about 0.5%. Thankfully the Madison area has been has held fairly strong compared to the rest of the country.
We are excited to report that even though the market in our area was slightly down, our sales were up 42.9%! We kicked some butt in almost every area compared to the Dane County MLS Statistics. Our lower average sale price is primarily due to young first time home buyers being the largest percentage of our cliental. Our clients have been great, and we enjoy working with each and every one of them, whether it was an $80,000 sale or a $400,000 sale!
Looking at the average days on market stat above seems absolutely unbelievable in this market (I had to double check it 3 times myself). However, I should point out that this stat is based on homes that have sold not homes that are still active. The average active listing on the MLS has been there for 331 days, and our average unsold active listing has been on the market 139 days. This is truly a market of deal shopping buyers. The homes that are the best house for the best price in the neighborhood sell fast, others definitely take more time.
It’s even more exciting that we blew away our own statistics from 2010 and made a huge increase in our charitable donations. This was partially due to some incentives that temporarily increased our commissions when we moved to Keller Williams in June.
Thank you to all of our clients that helped us have an amazing year and for choosing some great charities to donate to this year! We are thankful for each and every one of you, and the relationships we’ve built this year.