Inventory in La Crosse County

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The inventory for La Crosse County in increasing.

In May through August, the inventory was just under eight months. In the past two months, that has increased to more than nine.

What does inventory mean, exactly?

It means how many months it would take, in theory, to sell the homes that are currently listed if no other properties came on the market.

As we see these numbers, we are able to better predict how the market is looking. (Keep in mind, though, that estimating is not a guarantee.)

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The inventory can persuade pricing. Keep in mind that the above picture and below descriptions are a rough guideline. There are no hard month-long guidelines for the market.

With one to five months inventory, there are fewer homes for buyers to chose from, so there is more competition for the ones that are listed. Sellers have much more negotiating power and prices tend to move up.

When there are about five to seven months of inventory, the market is as normal as it can be. Neither buyer nor seller has the advantage.

When there is more than seven months of inventory, things shift to the buyers because there are many houses sale. Sellers might have to lower prices or give incentives like home inspection or new roofs.

With the inventory being at 9.79, buyers are favored.

Are you a buyer that is interested in taking advantage of the market, contact us!

La Crosse Fine Homes Group, LLC, of Keller Williams Realty

This month in real estate: October 2013

 

Recent research reveals that first-home buyers throw their hats into the ring when three things are aligned:

-Current market conditions

-Financial readiness

-Location and price

All three are true. If a first-time home buyer only has two of the three above, it can be a long road for them.

If the buyers know the market is right and have found the home they want, but can’t afford it, they are sad.

If they have the money for a down payment in a location they prefer but it is a seller’s market, they might lose out. However, if the market is right and the buyer has the finances in order, a little patience will pay off for finding the right home within a specific location and price.

When it comes to helping first-timers, we know how. Give us a call!

La Crosse Fine Homes Group, LLC., of Keller Williams Realty

 

 

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Kitchen storage solution

collageWhile touring a new listing we have (shameless plug here), there was something special about their kitchen.

It wasn’t the wall-long cupboards or plentiful counter space.

It was their storage solutions.

No one likes to have that one drawer full of spatulas and other utensils that is always the hardest to open.

Nor does anyone like having vases full of them eating up counter space.

Solution: A peg board.

These owners used a peg board built-in next to their fridge to store all of those utensils. Brilliant.

It keeps everything out of a drawer and off the counter, but easily accessible.

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They also used the same idea on the back of their basement door. It is an unused space that many forget about.

They had the pegboard attached to the back of the door and baskets with those awkward items to store, like electric mixers, oven mitts, and graters.

Do you have a great kitchen or home storage solution? Send us pictures!

La Crosse Fine Homes Group, LLC., of Keller Williams Realty