Home sales with the median sales price rising 3.1% to $148,000.00. According to the Wisconsin Realtors Association, the fourth quarter 2014 was the strongest quarter since 2005. Home sales in Grant County were up 36% with Lafayette experiencing a 41% decrease. The average price in Grant County was up to $74,500 while Lafayette saw no change from December 2013.
Median prices have grown 33 out of the last 34 months. Overall 2014 saw a price increase of 3.1% from 2013. According the to the Wisconsin Realtor Association’s President CEO Michael Theo, “Home prices have kept pace with inflation without seriously impacting housing affordability.” The annual rate of inflation ranged in 2014 from 1 to 2 percent.
Foreclosures saw a distract decrease in 2014. Overall the foreclosure rate dropped 26.5% compared to 2013. Foreclosure levels in 2006 reached 11,219, but had tripled that in 2008. In 2014, Wisconsin had 11,439 foreclosures. The Wisconsin Realtors Association predicts a healthy housing market for 2015.
As many of you may have heard, our agency has added two more realtors to offer the service that we expect to give to our customers. We also have one more part-time Realtor starting in the next few weeks. Currently, Kim Tranel & Renee Geyer have joined our agency and look forward to assisting you in your home purchase or sale. We will also be opening an office in Cuba City in mid-February to better assist our customers. 2015 is shaping up to be an exciting year in our agency.