Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
A thirty six thirteen ten WIBA and ask the Experts.
Hanging out this morning at studio with Matt Heypman. Matt
comes to us from Rockrealte the website Rock Wisconsin dot com.
That's r o c K Wisconsin dot com. As a
matter of fact, cut on over there right now, because
a property we are going to be talking about our
(00:26):
free featured listing this week is featured right on the
front page of Rock Wisconsin dot com.
Speaker 2 (00:32):
That's r o c K Wisconsin dot com. Matt, how
you doing this morning? Doing good this morning? Enjoying the
slightly warmer weather.
Speaker 1 (00:38):
It's it's really nice. And you missed the all the
traffic kerfunkle up on the beltline a couple Yeah.
Speaker 2 (00:44):
Yeah, I got to stay in the the exit line
exit lane after coming up fourteen, just getting right off
on fish Hatch. That's always nice.
Speaker 1 (00:51):
Did you wave to everybody while they were stopping?
Speaker 2 (00:54):
Yeah?
Speaker 1 (00:54):
That really that really makes everybody happy with spreading some
joy around. I have one of those apps for everybody
in our family. It sounds crazy. We do track each other,
like I can see where Christina is my wife. Yeah,
with kids, I think you have to have that just
because the kids, and I had warned my wife when
she left town earlier this morning, just let you know, honey,
(01:15):
there is some accidents on the belt line. And I
checked just before you and I started talking this morning.
She's sitting in the belt line. If only somebody would
have warned her not to.
Speaker 2 (01:24):
You would think if there's somebody that looked to that
throughout the Yeah.
Speaker 1 (01:27):
Yeah, exactly if you knew that person. Speaking of somebody
who looks at things throughout the day, I started out
a conversation. I almost said, this featured listing, you'll see
this house. It's not a house, it's potential. Let's talk
about houses, or let's talk about this week's featured listening
something a little bit different. We haven't talked about property itself,
(01:49):
real estate. Land.
Speaker 2 (01:50):
Yeah, show, Yeah, this is a development potential and it
is down in Janesville. It's a forty five acre plot
of land that's on a you know, an intersection of
two you know, decent you know, county highways there and
(02:10):
it kind of half a proportion of it's already slated
for kind of residential development and the other the other
portions agriculture. But you know, combined, it would make a
great development opportunity for single family homes down in Janesville.
It's located just off of Cork Street in Janesville and
currently listed for nine hundred and twenty thousand dollars for
(02:34):
forty five point six four.
Speaker 1 (02:36):
Acres nice and I saw some of the notes from Eric,
and Eric had pointed out if you developed that land
into standard point three acre lots eighty k each, you're
talking about a pretty pretty good return on your investment.
I was looking at these numbers, I'm going do I have.
Speaker 2 (02:53):
Any Yeah, I mean, it could probably be upwards of
one hundred and fifty lots, you know on the high
side now granted probably to do some sort of you know,
water retention and such so, but I would give it
one hundred and twenty one hundred and thirty lots there.
It's a big sized property and a big opportunity. It's
my understanding is, you know it's it's slated essentially for
(03:14):
residential development. They are really looking to have that developed
to its highest and best use.
Speaker 1 (03:20):
So I know how that stuff goes. Another point though
about this this land as well is currently that is
being farmed. There's income coming. People may not know this
since a lot of people do, but people may not
realize tracts of land like that. Farmers pay good money
to plant and keep using that land while it's being
(03:42):
sold off and developed. Don't.
Speaker 2 (03:43):
Yeah, exactly. And you know, if you got to wait
a bit before you develop it or go through all
the process, it's nice to be able to bring in
some income in the meantime to cover those carrying costs.
Speaker 1 (03:53):
It's a really really nice, nice property, a really great opportunity,
nice parcel of land. Again, you can learn more about
it on line Rock Wisconsin dot com. That's Rock roock
Wisconsin dot com. Telpnop for Rockrealty six oh eight six
seven three fifty four hundred. That's six oh eight sixty
seven three fifty four hundred. As we talk about this
forty almost forty six forty five point sixty four acres
(04:15):
on Court Street in Janesville, Eric Rasmuss in a voice
that's familiar to regular listeners of the program, he is
the agent on this one. His telephone number six oh
eight two three four seventeen ninety three. That's six oh
eight two three four seventeen ninety three. If you want
to learn more or get out for a take a
look at that property and have any questions. Eric is
(04:35):
a is a great point person on this. We'll talk
a little bit more about this, about this plot of land,
this real estate, this acreage, this parcel. We'll talk about
that a little bit later on in the program. This week, though, Matt,
we are going to take a look at the month
of December. We've got the h the market report. It's
literally I can feel it. It's warm, it is hot
(04:55):
off the press closing out twenty twenty four. What did
we say see as far as it's like an overall
a glance of December twenty twenty four, what are some
of the main bullet points that we that we saw
this this past December.
Speaker 2 (05:08):
Yeah, I would say in general, it was a continuation
of what we have been seeing the you know, between
the number of new listings, accepted offers, and sold homes.
The metrics were coming in still you know, still pretty
high in my opinion. Starting off with like the number
of new listings, there was one caveat there, one little outlier,
(05:33):
and that was that in Dane County there are actually
fewer listings coming to market new listings anyways coming to
market in December of twenty four versus twenty three. It
actually dropped by almost twelve percent from three hundred and
eighty six new listings back in twenty twenty three and
then this past month we only had three hundred and forty. However,
(05:56):
when you're looking at Rock and Rock and Jefferson County,
it's a discrepancy there. Rock County actually had about almost
fifteen percent increase in the number of new listings and
Jeffersony uh over thirty over thirty seven percent increase in
the number of new listings coming to market.
Speaker 1 (06:12):
That is amazing. And we talk about, you know, some
of the hot areas and some of the hot markets
and hot counties. Obviously there's a reason why folks love
Dane County. There are some things that people say, maybe
if I can become near it Dane County like a
Rock or a Jefferson County, And we're certainly seeing people saying,
you know what, you get all the benefits of Dane
County and maybe not have to pay some of those Yeah.
Speaker 2 (06:34):
Yeah, I guess a lot of it depends on how
much time are you spend on the beltline.
Speaker 1 (06:36):
Yeah, that is very, very true. As we talked this
morning with Matt Heiman of Rock Realty Online Rock Wisconsin
dot com. That's Rock roc K with Wisconsin dot Com.
They're twelve number six O eight six seven three fifty
four hundred. That's six seven three fifty four hundred. So
we got a break down then of the listings. What
about offers, accepted offers? What did we see in December there?
Speaker 2 (06:59):
Yeah, so that was pretty consistent across the board. I
think that, you know, as we'll talk about a bit
later here, the houses have been sitting on the market
a little longer before getting sold, right, it's not that
first week and out the door like we saw in
some of the frenzied times. But that also has led
to buyers being able to get out there and shop
(07:22):
for you know, through a number of homes instead of
just dealing with the select few that were on the market.
And it's led to more accepted offers. So in Dane
County accepted offers we're up about ten percent, Rock County
seven percent, and once again Jefferson County hitting it out
of the park. Their accepted offers went up forty percent
(07:45):
in December twenty four versus December twenty three.
Speaker 1 (07:48):
That is really good to see and obviously, Jefferson very popular.
I'm a I'm a big fan. There's a burger joint
in Jefferson. I lived in Jefferson briefly for a while.
And nice town of Salivon. You ever been to Sullivan before?
Speaker 2 (08:00):
I have been. I have been. I think I think
it's five three one seven eight. I'm good guy, I'm good.
Speaker 1 (08:04):
With Oh really, yeah, how about that? I learned something
if we ever have if we ever do zip code trivia, yeah,
could be wrong. Talking with Matt Hetman of Rock Realty
the website Rock Wisconsin dot com. That's Rock r O
c K Wisconsin dot com. Breaking down numbers from December
and then we so accepted offers. How do those translate, then,
(08:25):
Matt into sold homes?
Speaker 2 (08:27):
Yeah, as you'd expect. You know, it did increase the
number of sold homes in December. So in Dane County
we had a increase of fifteen percent for a number
of sold homes, Rock County seventeen percent, and Jefferson County
twenty percent. So a little more consistency there as far
as uh, you know, how the how the market's flowing
(08:48):
and a number of sold homes is up across the board.
Speaker 1 (08:51):
This is where And this next metric is one where
I think when we start to see why why maybe
Rock and especially Jefferson might be so hot, is this one,
which is the median price of single family homes. There
is something out there in an area for everybody, isn't there.
Speaker 2 (09:07):
Matt, Yeah, yeah, I would say so. Obviously, housing affordability
is a little tough right now, but we'll talk about
that in a bit. But you know, in general, we've
got we've got a pretty big swing depending on what
county you go to as far as median median price
of single family homes that sold. So in Dane County
(09:29):
it was up six percent, right, so, and to give
you kind of some you know, dollar figures, that resulted
in about a twenty five thousand dollars median sale price
on an average Dane County home. So waiting one year
led to about twenty five thousand dollars an increased equity lost,
(09:52):
if you will, if you had bought about a year
a year earlier. Rock County was up fifteen percent, which
actually is about thirty four thousand dollars increase. So over
the last couple of years, Rock County has been very hot,
and that just shows by the percentage of increase year
over year.
Speaker 1 (10:12):
Matt. One of the things I've got to ask you
about too, is, I know a lot of folks, you know,
we've seen the last twenty four hours, you know, stock
market is questions about like in Vedia, Nvidia and these
things like and trust me, and we're not going to
We're not We don't have to get into investment stuff.
But we started our conversation talking about this really really
nice land that's that's available for development. And you think
(10:33):
about an investment, you think about things that as we're
seeing these numbers and breaking this stuff down, the increasing
increase in property value, home value. I know we've talked
in the past about things like rental properties and other things.
Do you see folks saying, you know what, as part
of my retirement plan or my portfolio plan of savings,
is I actually want to put some money, not just
(10:55):
obviously it's good to have a four to oh one k,
but also put some money into some of these some investments,
maybe some real state or some rental properties. Yeah.
Speaker 2 (11:03):
Yeah, it's become I mean, it's obviously it's always been
an amazing investment and it's one of the most stable
investments that you can do, especially over the long term.
You may have short term hiccups, but I mean it's
made more millionaires than any other industry is investing in
real estate, right, you know, the inflation seems to always
(11:23):
be there. It's actually a mandate by the Fed. Right,
so if the Fed wants to keep a certain percentage
of inflation, which lee you know, leaks into hard assets
like real estate, it's a way to kind of offset
that inflation and losing your purchasing power by having something
that's going up in value at the same time as inflation.
Speaker 1 (11:40):
We see why so many people are looking at that
as you know, as an option right now. And speaking
of that, that means things do happen kind of quick
is whether it's looking for something for themselves or rental property.
Average days on markets. Houses are doing that, aren't they.
Speaker 2 (11:53):
Well, they are still selling pretty quickly. I would say
though that you know, there's been a surprising, you know,
significant increase year over a year as far as how
long those houses are sitting on the market. Right, So
in twenty twenty three we had average of a twenty
nine days on market, so about thirty days one month.
But now it's increased to thirty nine, So I leave
(12:16):
that to twenty five percent increase. If I'm doing my math.
Speaker 1 (12:19):
Close, you're good at math. My math.
Speaker 2 (12:23):
Rock County went from twenty five to twenty nine days
and Jefferson County went from twenty eight days to thirty
eight days. So it looks like Jefferson and Dane County
are similar days on the market, whereas Rock County being
kind of a more affordable option, they are sitting on
the market about ten days fewer, right, So yeah, it's
(12:44):
it's still a hotter market, if you will, just because
of the affordability, but they are sitting on the market longer.
What's what surprised me, and what everybody was hoping for
was that, you know, with the rise and well, I
would say all the buyers were hoping for with the
rise in insure rate, that it'd be a little more
leveling out of not only the market but also of prices.
(13:06):
And you know, we have had a leveling out of
the market. We have. We've had a bit right to
where it's still a seller's market. However, people can shop around.
Speaker 1 (13:16):
So talking this morning with Matt Hyman, of course, Matt
comes to us from Rockrealt online, Rock Wisconsin dot com
that's our o CK Wisconsin dot com. If you have
one of those smartphones, I think we all have one
these days. You've got an Apple or an Android. They've
got an app at rockrealt. All I gotta do is
got to type in MLS dot Rocks backslash app. That's
(13:36):
m LS dot Rocks backslash app. You can get the
app for Rockrealty right there. And of course the website
Rock Wisconsin dot com. That's our ock Wisconsin dot com.
We'll get more numbers from December twenty twenty four. We'll
get the details on that and so much more, and
we'll review our feature listing this week. All of that,
so much more as asked the experts with Rockrealty continues
(13:57):
right here on thirteen ten wib I eight. If you
won thirteen ten WIBA and asked for the experts with
Rockrailty talking with Matt Heypman up Rockrailty, the website Rockwisconsin
dot com, that's r o c K Wisconsin dot com.
Taking a look at not just December, but kind of
(14:18):
reviewing twenty twenty four overall. And you know you were
mentioning in that last segment, Matt the existing home market,
it did heat up in December, and we saw quite
a bit of a spike there, didn't we.
Speaker 2 (14:30):
Yeah, Yeah, I mean the number of sales that occurred
were impressive. That we're having an increase in actual transactions, right,
and that's I think that's healthy for the market. I
think it got a little too tight for too long,
and I think we're seeing some balancing out at least
of the market itself, but prices still haven't balanced.
Speaker 1 (14:54):
What about a kind of reviewing at the end of
the year last year, what did we kind of break
down with those data and that numbers members there?
Speaker 2 (15:00):
Yeah, in general, you know, for sales for all of
twenty twenty four, they're up about four point seven percent
from the twenty twenty three levels, so a decent increase there,
but the median price actually rows eight point eight percent. Wow, Yeah,
three hundred and ten thousand. And you know what we've
(15:21):
been kind of coaching or you know, helping our clients
with is explaining that, yes, I mean there's more options,
you know, for for choosing a home right now, but
the longer you wait, the more the price is going
to continue to increase. I think that One of the
biggest takeaways people should have for twenty twenty five is
(15:43):
nobody is expecting a large change in mortgage rates at
this time, and it's it's time to get off the fence.
Speaker 1 (15:49):
Yeah, it is time to do just that. We talk about,
you know, working with a with an experienced agent and
p you know, I sometimes, you know, I get this
idea folks hear these new stories or get these ideas
that like, oh, it's hard, it's a it's a tough process.
Inventor is limited. All you work with the right agent. Yeah,
(16:12):
none of the those those those things are completely non factors.
That's that's the value of working with somebody at Rock
Realty is you actually have somebody that any type of
challenge that that may be presented, it's not your problem.
They've got you guys, have I say, keep saying they you,
You and your team, you have all that stuff. Take
care of your deals.
Speaker 2 (16:31):
Ever, we've got amazing agents and as we spoke about
last week, we've got a website that's just geared towards
towards home buyers at this point and it's important I
think that you find the right agent, right. So we
created Wisconsin buyeragent dot Com. And it gives people a
chance to go through look learn about each agent. You know,
we've got them answering questions on there and discussing what
(16:52):
they what they're focus on, and it gives someone the
chance to find the perfect agent to kind of represent
them in this process. So if there's any buyers out
there that are ready to get off the fence, I
would say, go over there, you know, kind of take
back control, find an agent that would be a good
fit for you instead of just randomly being placed with one,
and you know, schedule an interview with one of our agents.
Speaker 1 (17:13):
It's like swiping light writer left on which it is
website Wisconsin Buyeragent dot com. That's Wisconsin buyeragent dot com
against singular Wisconsin buyer Agent dot com. Get there today.
It's a great place to get to know the agents
at Rock Realty and find the right agent for you.
And as we kind of wrap up this part of
(17:34):
the conversation before we get to this week's featured listing, Matt,
folks look at this stuff and we look at like
demand and supply and those type of things. Those are
always going to be balances. And when we look for
like twenty twenty four versus twenty twenty three for December statewide,
What do we see as far as listings there, and
what's what's the takeaway from that?
Speaker 2 (17:55):
Yeah, I would say, you know, statewide listings of homes
worth three point eight percent higher, right, so we had
more listenings coming on the market. I also think that
led them to homes sitting for slightly longer as well.
But I think one of the most important things to
touch on here is that the home affordability index and
how you know, with the mortgage rates at this new
(18:17):
kind of level that they're going to be at, you know,
it is you know, one of the lower metrics that
we've seen since they started taking those measurements in two
thousand and nine, and with inflation still there and home
prices continuing to appreciate, I think, yeah, I think it's
time to get into a home sooner than later and
(18:37):
try to catch it. Well it's it's still somewhat affordable.
Speaker 1 (18:40):
Yeah. I think for a lot of folks that have
been maybe sitting on the sidelines watching what's been happening,
I think for those that have been sitting on the sidelines,
they probably regret not taking action I shouldn't say probably
they guarantee it. Yeah, so we're telling you now today
is the day to take that action again. Head on
over to Wisconsin byreagent dot com. That's Wisconsin buyer Agent
(19:03):
dot com. Get to know the agents at Rockrealty, find
the right one just for you. Get to learn a
little bit about their personality. And yes, you can schedule
an interview with them right at Wisconsin Buyer Agent dot com.
Of course, Rockrealty their website Rock Wisconsin dot com. That's R. O.
C K Wisconsin dot com. When you're there, you will
see this beautiful parcel, this mammoth acreage, big big parcel
(19:26):
of land perfect for development, and it's slated for development.
There are currently there's currently a farmer renting the property,
so you will get annual rent before the development.
Speaker 2 (19:37):
It is.
Speaker 1 (19:38):
It is a really good and I know we touched
on the investment opportunity. This is one of those areas
where folks really need to check out, don't they.
Speaker 2 (19:45):
Yeah. Yeah, it's over forty five acres down in Janesville.
The property sits adjacent to another residential sudvision. You know,
it's a portion of it's already slated for residential the
other portions of agriculture and currently being farm like you
had mentioned in bringing in income. But the city wants
to develop this land into its highest and best use,
(20:06):
and it appears that that would be residential, single family homes,
and you should be able to. I would say, get
over one hundred lots on this parcel, maybe one hundred
and twenty, one hundred and thirty something like that, and
they'd all be fairly nice third acre lots. And you know,
we just need the developer with the vision and get
(20:27):
someone down there to get this thing developed.
Speaker 1 (20:30):
As we've talked about the real estate market here in
southern Wisconsin, how hot it is, and we've obviously touched
on Dane Jefferson, Rock County's hot. Jefferson is a Jefferson Janesville.
Excuse me. Every out of I go, I spend most
of my time at Edgerton, then Madison, and then the
third place I am in is Janesville. And I got
to tell you, Matt, it seems to be every time
I drive down there, which is at least once or
(20:51):
twice a week, there's something new going in. Yeah, it's
like constantly growing and developing. And you talk about being
at the center of the center of all that action
and all that growth being part of it in an
actual good opportunity for you as an investment. This is
just it.
Speaker 2 (21:05):
Oh absolutely, And if you look nationally for a while there,
Rock County was one of the hottest counties in the
entire country.
Speaker 1 (21:11):
Yeah, I believe it, that is for sure. Today's today.
Give Eric a call if you are looking for a
great opportunity. Eric Rasmussen at Rockrealty his telephone number six
oh eight two three four seventeen ninety three. That's two
three four seventeen ninety three. It's up at Rock Wisconsin
dot com as well that website rock Rock Wisconsin dot com.
(21:31):
The website for them is Rock Wisconsin dot com. The
website for getting a buyer's agent Wisconsin Buyeragent dot com.
That's Wisconsin buyer Agent dot com. And of course our
telp number at Rockrealty six o' eight six seven three
fifty four hundred. That's six seven three fifty four hundred. Matt.
It's always great seeing you. You enjoy this just amazing.
I see sun out there and it's actually warmishaw. You
(21:52):
enjoy this day, my friend.
Speaker 2 (21:53):
All right, I appreciate it.
Speaker 1 (21:54):
Vicky McKenna has your chance to win one thousand dollars
next
A thirty six thirteen ten WIBA and ask the Experts.
Hanging out this morning at studio with Matt Heypman. Matt
comes to us from Rockrealte the website Rock Wisconsin dot com.
That's r o c K Wisconsin dot com. As a
matter of fact, cut on over there right now, because
a property we are going to be talking about our
(00:26):
free featured listing this week is featured right on the
front page of Rock Wisconsin dot com.
Speaker 2 (00:32):
That's r o c K Wisconsin dot com. Matt, how
you doing this morning? Doing good this morning? Enjoying the
slightly warmer weather.
Speaker 1 (00:38):
It's it's really nice. And you missed the all the
traffic kerfunkle up on the beltline a couple Yeah.
Speaker 2 (00:44):
Yeah, I got to stay in the the exit line
exit lane after coming up fourteen, just getting right off
on fish Hatch. That's always nice.
Speaker 1 (00:51):
Did you wave to everybody while they were stopping?
Speaker 2 (00:54):
Yeah?
Speaker 1 (00:54):
That really that really makes everybody happy with spreading some
joy around. I have one of those apps for everybody
in our family. It sounds crazy. We do track each other,
like I can see where Christina is my wife. Yeah,
with kids, I think you have to have that just
because the kids, and I had warned my wife when
she left town earlier this morning, just let you know, honey,
(01:15):
there is some accidents on the belt line. And I
checked just before you and I started talking this morning.
She's sitting in the belt line. If only somebody would
have warned her not to.
Speaker 2 (01:24):
You would think if there's somebody that looked to that
throughout the Yeah.
Speaker 1 (01:27):
Yeah, exactly if you knew that person. Speaking of somebody
who looks at things throughout the day, I started out
a conversation. I almost said, this featured listing, you'll see
this house. It's not a house, it's potential. Let's talk
about houses, or let's talk about this week's featured listening
something a little bit different. We haven't talked about property itself,
(01:49):
real estate. Land.
Speaker 2 (01:50):
Yeah, show, Yeah, this is a development potential and it
is down in Janesville. It's a forty five acre plot
of land that's on a you know, an intersection of
two you know, decent you know, county highways there and
(02:10):
it kind of half a proportion of it's already slated
for kind of residential development and the other the other
portions agriculture. But you know, combined, it would make a
great development opportunity for single family homes down in Janesville.
It's located just off of Cork Street in Janesville and
currently listed for nine hundred and twenty thousand dollars for
(02:34):
forty five point six four.
Speaker 1 (02:36):
Acres nice and I saw some of the notes from Eric,
and Eric had pointed out if you developed that land
into standard point three acre lots eighty k each, you're
talking about a pretty pretty good return on your investment.
I was looking at these numbers, I'm going do I have.
Speaker 2 (02:53):
Any Yeah, I mean, it could probably be upwards of
one hundred and fifty lots, you know on the high
side now granted probably to do some sort of you know,
water retention and such so, but I would give it
one hundred and twenty one hundred and thirty lots there.
It's a big sized property and a big opportunity. It's
my understanding is, you know it's it's slated essentially for
(03:14):
residential development. They are really looking to have that developed
to its highest and best use.
Speaker 1 (03:20):
So I know how that stuff goes. Another point though
about this this land as well is currently that is
being farmed. There's income coming. People may not know this
since a lot of people do, but people may not
realize tracts of land like that. Farmers pay good money
to plant and keep using that land while it's being
(03:42):
sold off and developed. Don't.
Speaker 2 (03:43):
Yeah, exactly. And you know, if you got to wait
a bit before you develop it or go through all
the process, it's nice to be able to bring in
some income in the meantime to cover those carrying costs.
Speaker 1 (03:53):
It's a really really nice, nice property, a really great opportunity,
nice parcel of land. Again, you can learn more about
it on line Rock Wisconsin dot com. That's Rock roock
Wisconsin dot com. Telpnop for Rockrealty six oh eight six
seven three fifty four hundred. That's six oh eight sixty
seven three fifty four hundred. As we talk about this
forty almost forty six forty five point sixty four acres
(04:15):
on Court Street in Janesville, Eric Rasmuss in a voice
that's familiar to regular listeners of the program, he is
the agent on this one. His telephone number six oh
eight two three four seventeen ninety three. That's six oh
eight two three four seventeen ninety three. If you want
to learn more or get out for a take a
look at that property and have any questions. Eric is
(04:35):
a is a great point person on this. We'll talk
a little bit more about this, about this plot of land,
this real estate, this acreage, this parcel. We'll talk about
that a little bit later on in the program. This week, though, Matt,
we are going to take a look at the month
of December. We've got the h the market report. It's
literally I can feel it. It's warm, it is hot
(04:55):
off the press closing out twenty twenty four. What did
we say see as far as it's like an overall
a glance of December twenty twenty four, what are some
of the main bullet points that we that we saw
this this past December.
Speaker 2 (05:08):
Yeah, I would say in general, it was a continuation
of what we have been seeing the you know, between
the number of new listings, accepted offers, and sold homes.
The metrics were coming in still you know, still pretty
high in my opinion. Starting off with like the number
of new listings, there was one caveat there, one little outlier,
(05:33):
and that was that in Dane County there are actually
fewer listings coming to market new listings anyways coming to
market in December of twenty four versus twenty three. It
actually dropped by almost twelve percent from three hundred and
eighty six new listings back in twenty twenty three and
then this past month we only had three hundred and forty. However,
(05:56):
when you're looking at Rock and Rock and Jefferson County,
it's a discrepancy there. Rock County actually had about almost
fifteen percent increase in the number of new listings and
Jeffersony uh over thirty over thirty seven percent increase in
the number of new listings coming to market.
Speaker 1 (06:12):
That is amazing. And we talk about, you know, some
of the hot areas and some of the hot markets
and hot counties. Obviously there's a reason why folks love
Dane County. There are some things that people say, maybe
if I can become near it Dane County like a
Rock or a Jefferson County, And we're certainly seeing people saying,
you know what, you get all the benefits of Dane
County and maybe not have to pay some of those Yeah.
Speaker 2 (06:34):
Yeah, I guess a lot of it depends on how
much time are you spend on the beltline.
Speaker 1 (06:36):
Yeah, that is very, very true. As we talked this
morning with Matt Heiman of Rock Realty Online Rock Wisconsin
dot com. That's Rock roc K with Wisconsin dot Com.
They're twelve number six O eight six seven three fifty
four hundred. That's six seven three fifty four hundred. So
we got a break down then of the listings. What
about offers, accepted offers? What did we see in December there?
Speaker 2 (06:59):
Yeah, so that was pretty consistent across the board. I
think that, you know, as we'll talk about a bit
later here, the houses have been sitting on the market
a little longer before getting sold, right, it's not that
first week and out the door like we saw in
some of the frenzied times. But that also has led
to buyers being able to get out there and shop
(07:22):
for you know, through a number of homes instead of
just dealing with the select few that were on the market.
And it's led to more accepted offers. So in Dane
County accepted offers we're up about ten percent, Rock County
seven percent, and once again Jefferson County hitting it out
of the park. Their accepted offers went up forty percent
(07:45):
in December twenty four versus December twenty three.
Speaker 1 (07:48):
That is really good to see and obviously, Jefferson very popular.
I'm a I'm a big fan. There's a burger joint
in Jefferson. I lived in Jefferson briefly for a while.
And nice town of Salivon. You ever been to Sullivan before?
Speaker 2 (08:00):
I have been. I have been. I think I think
it's five three one seven eight. I'm good guy, I'm good.
Speaker 1 (08:04):
With Oh really, yeah, how about that? I learned something
if we ever have if we ever do zip code trivia, yeah,
could be wrong. Talking with Matt Hetman of Rock Realty
the website Rock Wisconsin dot com. That's Rock r O
c K Wisconsin dot com. Breaking down numbers from December
and then we so accepted offers. How do those translate, then,
(08:25):
Matt into sold homes?
Speaker 2 (08:27):
Yeah, as you'd expect. You know, it did increase the
number of sold homes in December. So in Dane County
we had a increase of fifteen percent for a number
of sold homes, Rock County seventeen percent, and Jefferson County
twenty percent. So a little more consistency there as far
as uh, you know, how the how the market's flowing
(08:48):
and a number of sold homes is up across the board.
Speaker 1 (08:51):
This is where And this next metric is one where
I think when we start to see why why maybe
Rock and especially Jefferson might be so hot, is this one,
which is the median price of single family homes. There
is something out there in an area for everybody, isn't there.
Speaker 2 (09:07):
Matt, Yeah, yeah, I would say so. Obviously, housing affordability
is a little tough right now, but we'll talk about
that in a bit. But you know, in general, we've
got we've got a pretty big swing depending on what
county you go to as far as median median price
of single family homes that sold. So in Dane County
(09:29):
it was up six percent, right, so, and to give
you kind of some you know, dollar figures, that resulted
in about a twenty five thousand dollars median sale price
on an average Dane County home. So waiting one year
led to about twenty five thousand dollars an increased equity lost,
(09:52):
if you will, if you had bought about a year
a year earlier. Rock County was up fifteen percent, which
actually is about thirty four thousand dollars increase. So over
the last couple of years, Rock County has been very hot,
and that just shows by the percentage of increase year
over year.
Speaker 1 (10:12):
Matt. One of the things I've got to ask you
about too, is, I know a lot of folks, you know,
we've seen the last twenty four hours, you know, stock
market is questions about like in Vedia, Nvidia and these
things like and trust me, and we're not going to
We're not We don't have to get into investment stuff.
But we started our conversation talking about this really really
nice land that's that's available for development. And you think
(10:33):
about an investment, you think about things that as we're
seeing these numbers and breaking this stuff down, the increasing
increase in property value, home value. I know we've talked
in the past about things like rental properties and other things.
Do you see folks saying, you know what, as part
of my retirement plan or my portfolio plan of savings,
is I actually want to put some money, not just
(10:55):
obviously it's good to have a four to oh one k,
but also put some money into some of these some investments,
maybe some real state or some rental properties. Yeah.
Speaker 2 (11:03):
Yeah, it's become I mean, it's obviously it's always been
an amazing investment and it's one of the most stable
investments that you can do, especially over the long term.
You may have short term hiccups, but I mean it's
made more millionaires than any other industry is investing in
real estate, right, you know, the inflation seems to always
(11:23):
be there. It's actually a mandate by the Fed. Right,
so if the Fed wants to keep a certain percentage
of inflation, which lee you know, leaks into hard assets
like real estate, it's a way to kind of offset
that inflation and losing your purchasing power by having something
that's going up in value at the same time as inflation.
Speaker 1 (11:40):
We see why so many people are looking at that
as you know, as an option right now. And speaking
of that, that means things do happen kind of quick
is whether it's looking for something for themselves or rental property.
Average days on markets. Houses are doing that, aren't they.
Speaker 2 (11:53):
Well, they are still selling pretty quickly. I would say
though that you know, there's been a surprising, you know,
significant increase year over a year as far as how
long those houses are sitting on the market. Right, So
in twenty twenty three we had average of a twenty
nine days on market, so about thirty days one month.
But now it's increased to thirty nine, So I leave
(12:16):
that to twenty five percent increase. If I'm doing my math.
Speaker 1 (12:19):
Close, you're good at math. My math.
Speaker 2 (12:23):
Rock County went from twenty five to twenty nine days
and Jefferson County went from twenty eight days to thirty
eight days. So it looks like Jefferson and Dane County
are similar days on the market, whereas Rock County being
kind of a more affordable option, they are sitting on
the market about ten days fewer, right, So yeah, it's
(12:44):
it's still a hotter market, if you will, just because
of the affordability, but they are sitting on the market longer.
What's what surprised me, and what everybody was hoping for
was that, you know, with the rise and well, I
would say all the buyers were hoping for with the
rise in insure rate, that it'd be a little more
leveling out of not only the market but also of prices.
(13:06):
And you know, we have had a leveling out of
the market. We have. We've had a bit right to
where it's still a seller's market. However, people can shop around.
Speaker 1 (13:16):
So talking this morning with Matt Hyman, of course, Matt
comes to us from Rockrealt online, Rock Wisconsin dot com
that's our o CK Wisconsin dot com. If you have
one of those smartphones, I think we all have one
these days. You've got an Apple or an Android. They've
got an app at rockrealt. All I gotta do is
got to type in MLS dot Rocks backslash app. That's
(13:36):
m LS dot Rocks backslash app. You can get the
app for Rockrealty right there. And of course the website
Rock Wisconsin dot com. That's our ock Wisconsin dot com.
We'll get more numbers from December twenty twenty four. We'll
get the details on that and so much more, and
we'll review our feature listing this week. All of that,
so much more as asked the experts with Rockrealty continues
(13:57):
right here on thirteen ten wib I eight. If you
won thirteen ten WIBA and asked for the experts with
Rockrailty talking with Matt Heypman up Rockrailty, the website Rockwisconsin
dot com, that's r o c K Wisconsin dot com.
Taking a look at not just December, but kind of
(14:18):
reviewing twenty twenty four overall. And you know you were
mentioning in that last segment, Matt the existing home market,
it did heat up in December, and we saw quite
a bit of a spike there, didn't we.
Speaker 2 (14:30):
Yeah, Yeah, I mean the number of sales that occurred
were impressive. That we're having an increase in actual transactions, right,
and that's I think that's healthy for the market. I
think it got a little too tight for too long,
and I think we're seeing some balancing out at least
of the market itself, but prices still haven't balanced.
Speaker 1 (14:54):
What about a kind of reviewing at the end of
the year last year, what did we kind of break
down with those data and that numbers members there?
Speaker 2 (15:00):
Yeah, in general, you know, for sales for all of
twenty twenty four, they're up about four point seven percent
from the twenty twenty three levels, so a decent increase there,
but the median price actually rows eight point eight percent. Wow, Yeah,
three hundred and ten thousand. And you know what we've
(15:21):
been kind of coaching or you know, helping our clients
with is explaining that, yes, I mean there's more options,
you know, for for choosing a home right now, but
the longer you wait, the more the price is going
to continue to increase. I think that One of the
biggest takeaways people should have for twenty twenty five is
(15:43):
nobody is expecting a large change in mortgage rates at
this time, and it's it's time to get off the fence.
Speaker 1 (15:49):
Yeah, it is time to do just that. We talk about,
you know, working with a with an experienced agent and
p you know, I sometimes, you know, I get this
idea folks hear these new stories or get these ideas
that like, oh, it's hard, it's a it's a tough process.
Inventor is limited. All you work with the right agent. Yeah,
(16:12):
none of the those those those things are completely non factors.
That's that's the value of working with somebody at Rock
Realty is you actually have somebody that any type of
challenge that that may be presented, it's not your problem.
They've got you guys, have I say, keep saying they you,
You and your team, you have all that stuff. Take
care of your deals.
Speaker 2 (16:31):
Ever, we've got amazing agents and as we spoke about
last week, we've got a website that's just geared towards
towards home buyers at this point and it's important I
think that you find the right agent, right. So we
created Wisconsin buyeragent dot Com. And it gives people a
chance to go through look learn about each agent. You know,
we've got them answering questions on there and discussing what
(16:52):
they what they're focus on, and it gives someone the
chance to find the perfect agent to kind of represent
them in this process. So if there's any buyers out
there that are ready to get off the fence, I
would say, go over there, you know, kind of take
back control, find an agent that would be a good
fit for you instead of just randomly being placed with one,
and you know, schedule an interview with one of our agents.
Speaker 1 (17:13):
It's like swiping light writer left on which it is
website Wisconsin Buyeragent dot com. That's Wisconsin buyeragent dot com
against singular Wisconsin buyer Agent dot com. Get there today.
It's a great place to get to know the agents
at Rock Realty and find the right agent for you.
And as we kind of wrap up this part of
(17:34):
the conversation before we get to this week's featured listing, Matt,
folks look at this stuff and we look at like
demand and supply and those type of things. Those are
always going to be balances. And when we look for
like twenty twenty four versus twenty twenty three for December statewide,
What do we see as far as listings there, and
what's what's the takeaway from that?
Speaker 2 (17:55):
Yeah, I would say, you know, statewide listings of homes
worth three point eight percent higher, right, so we had
more listenings coming on the market. I also think that
led them to homes sitting for slightly longer as well.
But I think one of the most important things to
touch on here is that the home affordability index and
how you know, with the mortgage rates at this new
(18:17):
kind of level that they're going to be at, you know,
it is you know, one of the lower metrics that
we've seen since they started taking those measurements in two
thousand and nine, and with inflation still there and home
prices continuing to appreciate, I think, yeah, I think it's
time to get into a home sooner than later and
(18:37):
try to catch it. Well it's it's still somewhat affordable.
Speaker 1 (18:40):
Yeah. I think for a lot of folks that have
been maybe sitting on the sidelines watching what's been happening,
I think for those that have been sitting on the sidelines,
they probably regret not taking action I shouldn't say probably
they guarantee it. Yeah, so we're telling you now today
is the day to take that action again. Head on
over to Wisconsin byreagent dot com. That's Wisconsin buyer Agent
(19:03):
dot com. Get to know the agents at Rockrealty, find
the right one just for you. Get to learn a
little bit about their personality. And yes, you can schedule
an interview with them right at Wisconsin Buyer Agent dot com.
Of course, Rockrealty their website Rock Wisconsin dot com. That's R. O.
C K Wisconsin dot com. When you're there, you will
see this beautiful parcel, this mammoth acreage, big big parcel
(19:26):
of land perfect for development, and it's slated for development.
There are currently there's currently a farmer renting the property,
so you will get annual rent before the development.
Speaker 2 (19:37):
It is.
Speaker 1 (19:38):
It is a really good and I know we touched
on the investment opportunity. This is one of those areas
where folks really need to check out, don't they.
Speaker 2 (19:45):
Yeah. Yeah, it's over forty five acres down in Janesville.
The property sits adjacent to another residential sudvision. You know,
it's a portion of it's already slated for residential the
other portions of agriculture and currently being farm like you
had mentioned in bringing in income. But the city wants
to develop this land into its highest and best use,
(20:06):
and it appears that that would be residential, single family homes,
and you should be able to. I would say, get
over one hundred lots on this parcel, maybe one hundred
and twenty, one hundred and thirty something like that, and
they'd all be fairly nice third acre lots. And you know,
we just need the developer with the vision and get
(20:27):
someone down there to get this thing developed.
Speaker 1 (20:30):
As we've talked about the real estate market here in
southern Wisconsin, how hot it is, and we've obviously touched
on Dane Jefferson, Rock County's hot. Jefferson is a Jefferson Janesville.
Excuse me. Every out of I go, I spend most
of my time at Edgerton, then Madison, and then the
third place I am in is Janesville. And I got
to tell you, Matt, it seems to be every time
I drive down there, which is at least once or
(20:51):
twice a week, there's something new going in. Yeah, it's
like constantly growing and developing. And you talk about being
at the center of the center of all that action
and all that growth being part of it in an
actual good opportunity for you as an investment. This is
just it.
Speaker 2 (21:05):
Oh absolutely, And if you look nationally for a while there,
Rock County was one of the hottest counties in the
entire country.
Speaker 1 (21:11):
Yeah, I believe it, that is for sure. Today's today.
Give Eric a call if you are looking for a
great opportunity. Eric Rasmussen at Rockrealty his telephone number six
oh eight two three four seventeen ninety three. That's two
three four seventeen ninety three. It's up at Rock Wisconsin
dot com as well that website rock Rock Wisconsin dot com.
(21:31):
The website for them is Rock Wisconsin dot com. The
website for getting a buyer's agent Wisconsin Buyeragent dot com.
That's Wisconsin buyer Agent dot com. And of course our
telp number at Rockrealty six o' eight six seven three
fifty four hundred. That's six seven three fifty four hundred. Matt.
It's always great seeing you. You enjoy this just amazing.
I see sun out there and it's actually warmishaw. You
(21:52):
enjoy this day, my friend.
Speaker 2 (21:53):
All right, I appreciate it.
Speaker 1 (21:54):
Vicky McKenna has your chance to win one thousand dollars
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