Southwest Green Bay Real Estate Market Update

Greg Dallaire — Sat, 26 Sep 2009 03:31:45 +0000

Today I’m going to be evaulating the Southwest Green Bay WI Real Estate market. However, before we get into that I’d like to share with you why I personally enjoy the Southwest Green Bay WI area. I personally call Southwest Green Bay WI my home and the reason I do is simple. I’m close to everything that I could ever imagine. Shopping, fine dining, downtown Green Bay, and close to the highway which allows me access to everywhere with ease.

Benefits of Living in Southwest Green Bay WI

Real estate in Southwest Green Bay, WI is close to all your modern day amenities, shopping, all differents types of restaurants and so much more!
The Green Bay WI School District is award winning and has a very strong reputation.
You are extremely close to Lambeau Field and the Green Bay Packers
If you enjoy spending time in the outdoors and taking your kids to spacious, beautiful, and well kept parks Southwest Green Bay WI is the place to call home.

Evaulating Southwest Green Bay WI Real Estate Market – Absorbtion Report

For those of you who are unfamiliar with the term absorption report I’ll explain. It’s a term becoming much more widely used in the real estate world. An absorption report is the measurement of how long it will take to clear out the inventory of homes based on how fast they are selling. If you’ve been watching the national media you will hear the terms “buyers’ market” and “sellers’ market” over and over again. One way to establish what kind of a market your home falls into is by using absorption reports.

When I study absorption reports I look at the specific area. In this case I’m studying the Southwest Green Bay Real Estate Market. The power of studying individual markets and not the whole Green Bay Real Estate market is that I can get a pulse on what’s happening in the specific Southwest Green Bay area.

Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.

What determines a buyers market and or a sellers market in Southwest Green Bay Real Estate Market

Market Absorption Analysis:

6 Months Supply = Balanced Market
Less than 6 Months Supply is Sellers Market
More than 6 Months Supply is Buyers Market

The breakdown of the Southwest Green Bay WI Real Estate Market

The Southwest Green Bay Real Estate Market in the price range from $0-$150,000 currently has 169 properties listed with an average of 128 days on market. There is an average of 19.00 homes per month selling which equates to a current monthly supply of 8.9.
The Southwest Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 29 properties listed with an average of 144 days on market. There is an average of 1.75 per month selling which equates to a current monthly supply of 16.6.
The Southwest Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 19 properties listed with an average of 167 days on market. There is an average of 1.33 per month selling which equates to a current monthly supply of 14.3.
The Southwest Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 28 properties listed with an average of 140 days on market. There is an average of .75 per month selling which equates to a current monthly supply of 37.3.
The Southwest Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 14 properties listed with an average of 147 days on market. There is an average of 1.00 per month selling which equates to a current monthly supply of 14.

The positive and negatives of the Southwest Green Bay WI Real Estate Market

In conclusion the data above show’s some positives for the Southwest Green Bay WI Estate Market:

The lower priced homes in Southwest Green Bay WI are currently selling 19 homes per month. This is the highest per month avg out of all the local markets I study.

The data above shows some struggles in the higher price ranges:

Higher inventory numbers combined with lower sales per month
We need inventory to clear out to see an impact in the higher price points.
Hopefully the sales in the lower price points will bring buyers into the higher price points.
To actually sell a home in the 150+ range in the Southwest Green Bay WI you need to understand your active competition and position yourself accordingly. This is what i’m an expert at!

You can sell your home in Southwest Green Bay area but it will take an agent who has a true understanding of the market conditions. If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144. The Green Bay Real Estate Market is changing now is the time to align yourself with Greg Dallaire a true local Green Bay Real Estate Expert.

Greg Dallaire, also known as “Green Bay Greg” is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay Home sold! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. Watch Green Bay Greg’s Video Testimonials

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