Welcome to Ez1 Realty, dedicated to providing outstanding service.
Looking for the perfect home may be an experience of a life time. It may have its up and downs. Here are a couple of hints to keep the process in perspective.
Make a list of your needs and desires. A new home should have everything you need and most of what you desire.
Begin your search early. Keep up to date on current market conditions and price trends, interest rates and loan programs.
Know your limitations. Don't get involved with repairs and updates beyond your scope of experience and your budget.
Gather a team you know you can rely upon. This will include a Real Estate Agent, a Lender and an Inspector.
Having worked with a number of Buyers, I have developed listening skills which allow me to review a number of properties and find those most likely to appeal to the buyers needs and desires. After reviewing hundreds of listings I can present a short list of homes to view. In most cases buyers have chosen one of these properties to become their new home.
My simple promise is, "provide the level of service I would expect. "
Real Estate News
May 17, 2012 52% of Milwaukee County Home Sales Under $100KAn overwhelming majority of home sales in April in the Greater Milwaukee marketplace sold for less than $200,000.
52.9% of homes in Milwaukee County sold for less than $100,000, the highest proportion of any of the counties in the metropolitan area. This price point mainly consists of investors buying up homes and converting them into rental properties in the hardest hit neighborhoods.
The largest price category of home sales in Waukesha County was between $100,000 and $299,999, where 68.1% sales occurred. Click here for details.
Almost one-third (32%) of residential listings took more than 120-days to sell, while over half of condo listings (51.9%) took more than 4-months. A majority of those residential units are in neighborhoods beset by foreclosures. Click here for details.
Financing of housing in April was dominated by conventional 30-year, fixed rate mortgages, representing 43.5% of the residential and 48.1% of the condo market. Buyers purchasing with cash were up 29.7% and 34.9% of the residential and condo markets, respectively. Click here for details.
Time on the market shows that just about half, 48.9%, of residential listings sold within 60-days. This reinforces reports from brokers that there are low levels of inventory in the market.
Greater Milwaukee Association of REALTOR's®.
May 10, 2012 April Market Reports Milwaukee
Sometimes the best answers aren't right under your nose. For example, the most popular market indicator is home prices. But prices are what we call a lagging indicator, because they reflect closed sales. Leading indicators are forward-looking. Watch activity related to list price received at sale, days on market and months supply of inventory to see how sellers might be regaining their pricing power. Favorable supply-demand trends may be ticking away from the buyer for the first time in years. Moral of the story: Price is but a single picture in the gallery.
New Listings in the Milwaukee region decreased 5.9 percent to 2,427. Pending Sales were up 1.7 percent to 1,157. Inventory levels shrank 11.4 percent to 9,959 units.
Prices remained under pressure. The Median Sales Price decreased 3.3 percent to $151,500. Days on Market was up 2.3 percent to 117 days. The supply-demand balance stabilized as Months Supply of Inventory was down 28.0 percent to 9.4 months.
When monitoring residential real estate activity, it is always important to keep tabs on the overall economy and job growth. Preliminary Q1-2012 GDP growth came in at 2.2 percent, which, while disappointing to some observers and slower than Q4-2011, still signals economic expansion and not contraction. Expedited bank processing and easing lending standards are also encouraging developments.
All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing.
May 10, 2012 Home Sales Up 44.2% in AprilThe housing market’s resurgence continued in April, increasing 44.2% in the 4-county metropolitan area. April is the 10th month in a row in which home sales have increased by double-digits. April sales (1,541) were about even with sales in April of 2010 (1,555), at the height of the federal tax credit.
April is usually the first notably busy month of the year for REALTORS® as they take listings and help buyers find homes. This year, however, agents have been active much earlier than typical. The combination of unusually warm weather, gradually increasing consumer confidence, low interest rates and low prices have established a firm pattern of recovery in the Metropolitan Milwaukee housing market.
The abundant inventory that had been characteristic of the Milwaukee market over the last few years, seems to be waning, as listings have declined in three of the last 4 months, 4.3% in April. Brokers are reporting significant tightening of listings in certain communities around the area. This is a noteworthy exception to a ‘typical’ spring market when new listings are abundant.
There are 13,157 active listings in the MLS at this time, which represents 8.5-months of inventory. A steep decline from the 10.5-months of just a month ago in March, and nearly half of the 15.4-months we had in January.
The supply of foreclosed properties in the hardest hit area in the City of Milwaukee push up the region’s average supply numbers, so the inventory level is probably even lower in suburban communities and even some neighborhoods within the city.
County-by-County Sales Analysis:
- Milwaukee County was up 38.8% in sales over 2011 for April (910 units vs. 658 units)
- Waukesha County was up 46.4% vs. April 2011 (410 sales compared with 280)
- Washington County was up 68.8% compared to last year (118 vs. 70)
- Ozaukee County was also up 68.9% vs. April 2011 (103 units vs. 61 units)
February 12, 2012
Home Sales Up 15.5% in January
February 12, 2012 – The New Year started out where the old one left off for residential housing sales, increasing 15.5% in January in the 4-county metropolitan area. January marked the 7th month in a row that sales increased by double-digits.
Brokers reported that web activity, open house attendance and showings were up in the latter part of 2011, which lead to the increase in closed sales in January. Brokers are reporting the same kind of activity continued into January and the beginning of February.
Market dynamics continue to be dominated by: low prices, adequate supply of homes and extremely low interest rates. However, the missing ingredient for so long – consumer confidence – seems to be slowly coming around, as January sales numbers demonstrate.
Mother Nature has certainly been kind to the market this winter as well. With little to no snow, it is logistically easier for prospective buyers to look at more properties and sellers to keep their homes, driveways and sidewalks clean.
Another notable market characteristic is that 10 of the last 12 months have seen a decrease in listings. This is a very important future indicator that may portend a transition in the market that has already occurred in other areas of the country, and may result in modest price appreciation.
County-by-County Sales Analysis:
• Milwaukee County was up 12.4% in sales over 2011 (444 units vs. 395 units)
• Waukesha County was up 16.3% vs. 2010 (193 sales compared with 166)
• Washington County was up 4.9% compared to 2010 (64 vs. 61)
• Ozaukee County was even at 0% vs. a year ago (36 units vs. 36 units)
Date: January 6, 2012
FROM our economist
Good News in Home Sales
NAR released its pending home sales index figure last week, and for the second month in a row, the index is up. What's more, the index has broken 100. That's significant because the only other time the index has hit 100 in recent years is when the home buyer tax credit was available. "It is the natural, organic power of great affordability conditions and job creation that is bringing the index level up," says NAR Chief Economist Lawrence Yun. "This is a very encouraging sign."
Hear more from Lawrence Yun on trends in housing data and sales >
Date:
December 19, 2011
An overwhelming majority of home sales in April in the Greater Milwaukee marketplace sold for less than $200,000.
52.9% of homes in Milwaukee County sold for less than $100,000, the highest proportion of any of the counties in the metropolitan area. This price point mainly consists of investors buying up homes and converting them into rental properties in the hardest hit neighborhoods.
The largest price category of home sales in Waukesha County was between $100,000 and $299,999, where 68.1% sales occurred. Click here for details.
Almost one-third (32%) of residential listings took more than 120-days to sell, while over half of condo listings (51.9%) took more than 4-months. A majority of those residential units are in neighborhoods beset by foreclosures. Click here for details.
Financing of housing in April was dominated by conventional 30-year, fixed rate mortgages, representing 43.5% of the residential and 48.1% of the condo market. Buyers purchasing with cash were up 29.7% and 34.9% of the residential and condo markets, respectively. Click here for details.
Time on the market shows that just about half, 48.9%, of residential listings sold within 60-days. This reinforces reports from brokers that there are low levels of inventory in the market.
Milwaukee
Sometimes the best answers aren't right under your nose. For example, the most popular market indicator is home prices. But prices are what we call a lagging indicator, because they reflect closed sales. Leading indicators are forward-looking. Watch activity related to list price received at sale, days on market and months supply of inventory to see how sellers might be regaining their pricing power. Favorable supply-demand trends may be ticking away from the buyer for the first time in years. Moral of the story: Price is but a single picture in the gallery.
New Listings in the Milwaukee region decreased 5.9 percent to 2,427. Pending Sales were up 1.7 percent to 1,157. Inventory levels shrank 11.4 percent to 9,959 units.
Prices remained under pressure. The Median Sales Price decreased 3.3 percent to $151,500. Days on Market was up 2.3 percent to 117 days. The supply-demand balance stabilized as Months Supply of Inventory was down 28.0 percent to 9.4 months.
When monitoring residential real estate activity, it is always important to keep tabs on the overall economy and job growth. Preliminary Q1-2012 GDP growth came in at 2.2 percent, which, while disappointing to some observers and slower than Q4-2011, still signals economic expansion and not contraction. Expedited bank processing and easing lending standards are also encouraging developments.
The housing market’s resurgence continued in April, increasing 44.2% in the 4-county metropolitan area. April is the 10th month in a row in which home sales have increased by double-digits. April sales (1,541) were about even with sales in April of 2010 (1,555), at the height of the federal tax credit.
April is usually the first notably busy month of the year for REALTORS® as they take listings and help buyers find homes. This year, however, agents have been active much earlier than typical. The combination of unusually warm weather, gradually increasing consumer confidence, low interest rates and low prices have established a firm pattern of recovery in the Metropolitan Milwaukee housing market.
The abundant inventory that had been characteristic of the Milwaukee market over the last few years, seems to be waning, as listings have declined in three of the last 4 months, 4.3% in April. Brokers are reporting significant tightening of listings in certain communities around the area. This is a noteworthy exception to a ‘typical’ spring market when new listings are abundant.
There are 13,157 active listings in the MLS at this time, which represents 8.5-months of inventory. A steep decline from the 10.5-months of just a month ago in March, and nearly half of the 15.4-months we had in January.
The supply of foreclosed properties in the hardest hit area in the City of Milwaukee push up the region’s average supply numbers, so the inventory level is probably even lower in suburban communities and even some neighborhoods within the city.
County-by-County Sales Analysis:
- Milwaukee County was up 38.8% in sales over 2011 for April (910 units vs. 658 units)
- Waukesha County was up 46.4% vs. April 2011 (410 sales compared with 280)
- Washington County was up 68.8% compared to last year (118 vs. 70)
- Ozaukee County was also up 68.9% vs. April 2011 (103 units vs. 61 units)
February 12, 2012 – The New Year started out where the old one left off for residential housing sales, increasing 15.5% in January in the 4-county metropolitan area. January marked the 7th month in a row that sales increased by double-digits.
Brokers reported that web activity, open house attendance and showings were up in the latter part of 2011, which lead to the increase in closed sales in January. Brokers are reporting the same kind of activity continued into January and the beginning of February.
Market dynamics continue to be dominated by: low prices, adequate supply of homes and extremely low interest rates. However, the missing ingredient for so long – consumer confidence – seems to be slowly coming around, as January sales numbers demonstrate.
Mother Nature has certainly been kind to the market this winter as well. With little to no snow, it is logistically easier for prospective buyers to look at more properties and sellers to keep their homes, driveways and sidewalks clean.
Another notable market characteristic is that 10 of the last 12 months have seen a decrease in listings. This is a very important future indicator that may portend a transition in the market that has already occurred in other areas of the country, and may result in modest price appreciation.
County-by-County Sales Analysis:
• Milwaukee County was up 12.4% in sales over 2011 (444 units vs. 395 units)
• Waukesha County was up 16.3% vs. 2010 (193 sales compared with 166)
• Washington County was up 4.9% compared to 2010 (64 vs. 61)
• Ozaukee County was even at 0% vs. a year ago (36 units vs. 36 units)
Date: January 6, 2012
| FROM our economist Good News in Home Sales |
|
| Hear more from Lawrence Yun on trends in housing data and sales > |
Information about Selling your home
There are many pages available with information focused on marketing and sales techniques. Marketing strategies and enhancements can be found on this page describing Property listings with a flexible commission scale.
If you are in the early stages of listing your property or interested in keeping up on current market conditions in your area, you now have the ability to quickly enter your property information to receive a free Market Analysis with updates on a schedule to fit your schedule. This form will aid in providing you with the most accurate information available. Following is a list of links to these specialized pages.
The Research Local Property Values page offers a collection of currently sold homes listed by city as a quick reference to property values.
Listing Information for Sellers includes valuable information and links for sellers.
Listings on Video
Offered by Ez1 Realty
This web site is designed to completely satisfy the Real Estate needs of buyers and sellers. Following is a brief explanation of the services and information you will find on this site.
From this page you can browse all types of properties for sale in Southeastern Wisconsin.
When time is a factor, an exclusive feature to this web site is the ability to offer automatic MLS updates through the use of a quick and easy form, listing the features of the property you are searching for. Following is a list of links to these specialized pages.
Buy a home and remodel it with the same loan. This revolutionary new lending concept is now available. Visit the Different Types of Real Estate Home Loans page.
If your interest centers on foreclosed homes and bank owned properties, you can list your requirements on the special page dedicated to providing you with information to find the best properties at the lowest market price.
Please feel free to call 414-426-1784 or E-mail for information on business and commercial properties.
