U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Wisconsin
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-18-2019, 11:31 PM
 
Location: The Midwest
2,919 posts, read 3,299,375 times
Reputation: 5200

Advertisements

https://www.jsonline.com/story/money...me/1476874001/

I just sold a home and can attest to the housing market being very, very hot. We had eight offers after one open house, four of which were above list price We appreciated 35% in 7 years- not too shabby.
Reply With Quote Quick reply to this message

 
Old 06-19-2019, 02:33 PM
 
Location: Brew City
4,757 posts, read 2,835,024 times
Reputation: 6555
I thought my neighbor was crazy when he listed his house for $140,000 more than he paid for it 18 months ago. He renovated the bathrooms and finished the basement then broke up with his girlfriend and wants to move back to MN. It was under contract within the week. I'm curious what it closes for. We should have new neighbors sometime next month.

06/03/2019 Listed $419,000 $146 MetroMLS
12/19/2017 Sold $290,000 —

Oh yeah, and the house right next door went under contract within days after being flipped for $75,000 more than the flipper paid. All the flipper did was refinish hardwood floors, install new appliances, and paint. The new owners should be moving in any day now.
Reply With Quote Quick reply to this message
 
Old 06-21-2019, 08:41 AM
 
Location: Kronenwetter Wisconsin
409 posts, read 197,606 times
Reputation: 880
My son and his wife sold their house last fall the 1st week it was on the market. The market is very hot right now.
Reply With Quote Quick reply to this message
 
Old 06-21-2019, 06:40 PM
 
Location: Mequon, WI
8,012 posts, read 19,973,769 times
Reputation: 4706
There is a dump of a house that sold near me for 170K and I thought that was high then flippers came in and didn't even do much, paint, new doors, trim, carpet, appliances and flipped it for 270K and I thought that was a ridicules price for a small home.



It's a good time to be a flipper.
Reply With Quote Quick reply to this message
 
Old 06-21-2019, 06:55 PM
 
1,603 posts, read 517,276 times
Reputation: 4332
Homes in Milwaukee are going to be much more expensive and easier to sell versus rural northern Wisconsin.
Reply With Quote Quick reply to this message
 
Old 06-23-2019, 10:33 AM
 
Location: Portland OR
1,943 posts, read 2,861,074 times
Reputation: 2533
If you plan to live in same area, house price increases don't mean much unless you are changing lifestyle (downsizing or moving to cheaper area). You have to live somewhere and replacement house is likely to have increased too.

We owned 3 houses across WI throughout 80/90's. When all costs factored in, can't really say significant $ was "made". At that time, I always thought buying a home was "expensive." Since moving to West coast 10 yrs ago, Midwest and WI pricing now seems a "bargain."

Looking to retire within 5 yrs and considering Midwest as viable option because of pricing. Not sure though. Need to come to grips with winter, humidity and mosquitoes again. (Discussed ad nauseam on this forum already)

An observation (fwiw), when public starts talking about housing prices going up and flippers making $, it can be sign of a market top.

Over a longer term (10 yrs or more), I do think both coasts will continue to get more expensive and challenging as places to maintain high QOL. Midwest and SE could see increased activity from migration into area.

If looking to invest in RE for return, high quality locations in WI where people want to be, could be good. I am unsure though if vacation areas are the place to be for the most positive return. Vacation properties are a different market than primary homes. Guess it depends on how one feels the economy will perform over time.
Reply With Quote Quick reply to this message
 
Old 06-25-2019, 10:27 PM
 
Location: Northern Wisconsin
9,404 posts, read 8,168,232 times
Reputation: 16386
Not true. We shopped for a house in Antigo, and they were selling as fast as they are listed. So we shopped in New London. Houses were also selling fast there,but we found one and will be closing in a few weeks.
Reply With Quote Quick reply to this message
 
Old 06-26-2019, 01:22 PM
 
Location: IN
21,216 posts, read 36,842,989 times
Reputation: 13759
Quote:
Originally Posted by augiedogie View Post
Not true. We shopped for a house in Antigo, and they were selling as fast as they are listed. So we shopped in New London. Houses were also selling fast there,but we found one and will be closing in a few weeks.
New London isn’t exactly the Northwoods, but it is a close drive.
Reply With Quote Quick reply to this message
 
Old 06-26-2019, 10:25 PM
 
3,846 posts, read 2,465,966 times
Reputation: 2990
Quote:
Originally Posted by augiedogie View Post
Not true. We shopped for a house in Antigo, and they were selling as fast as they are listed. So we shopped in New London. Houses were also selling fast there,but we found one and will be closing in a few weeks.
Regardless of what you saw, neither Antigo or New London are immensely popular places to live compared to Dane County/Madison.
Reply With Quote Quick reply to this message
 
Old 06-27-2019, 01:21 PM
 
180 posts, read 148,486 times
Reputation: 336
My wife is a realtor in the Minocqua area. Inventory is dwindling to near nothing. Homes under contract in DAYS with multiple over full price offers. TONS of CASH buyers as well. I know of one looking now that has up to a 3M budget and can close in 5 days.....
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Wisconsin
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top