Welcome to Lori Droessler Real Estate, Inc., an independently owned and operated full service real estate business.
If you are thinking of buying or selling in the Southwest Wisconsin area or in Northwestern Illinois, then you’ve come to the right place. I have full access to all listed area properties and full exposure to Multiple Listing Services giving me the most complete picture of the local real estate market.
I know the marketplace and will exceed your expectations. Whether you are buying or selling your first home or investment property, the Experience and Knowledge that Lori Droessler Real Estate, Inc. can offer you will equal RESULTS!
Most of us who were born and raised in the Tri-State area don't give a thought to the fact that we can easily live, work and play in three different states in the timeframe of one day. The Southwest Wisconsin area is unique to the fact that we are close to it all, yet we remain rural in our surroundings and strong in our roots and history. Quaint cities and villages, small schools and small-town friendliness abound in the entire area. It lends a feeling of belonging and wholesomeness. Its a great place to raise a family.Tour our area and see why we invite you to make Southwest Wisconsin your home.
My Corner of the Market February 2014 Review
Cold Temperatures Freeze Home Sales in February
Once again home sales in Wisconsin decreased in February by 10.1% from February 2013; however February home sales only account for 5.6% of overall annual sales. Summer months account between 10.2% and 11.5% with March showing an increase in activity. Median sales prices increased 7.4% from the last time period last year. Grant County was one of the only counties to see growth. Grant County sales were up 5.6% since last February with Lafayette having a drastic decrease of 53.8% in sales.
Typically February sales are slower due to the Wisconsin winters. With the record cold temperatures this winter, February sales halted. Also the shortage in homes, the increase in prices, new lending regulations, and steadily increasing interest rates dampened sales. Sales dropped in every part of the state. The West Region fell 11% while the North Region declined over 16%.
Median prices rose 7.2% from last February to $130,000. Median prices have increased all but one month over the last two years. It was noted that the national economy grew by 2.4% with improvements in the labor market. Wisconsin added 27,600 throughout the year in 2013 with the unemployment rate dropping a full percent.
Now that spring has sprung, the market is starting to heat up. Using a local knowledgeable Realtor has its advantages. By having access to the MLS, I can assist you in properly pricing your home by researching recent Solds and current listings that are similar to your residence. Having a home inspection prior to listing, will allow you disclose or address any issues that may halt after an accepted offer and the Buyer’s probable inspection. With the shortage of homes, it is important to list your current home and have a plan. Homes are moving quickly, and offers that are contingent to selling your current residence are not as strong as offers with no contingencies. Temporary housing (renting or living with family) is not ideal, however, gives you great flexibility when searching for homes.
If you are you are interested in purchasing, I can set you up on a search that will send you an e-mail when a home that meets your criteria comes on the market. If homes are priced accordingly, they are not staying on the market long. Being pre-approved, knowing the max amount you are willing to spend, and knowing the items you are willing to compromise on will help your home search go smoothly.