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Market Conditions in Racine : Real Estate Advice

  • All85
  • Local Info13
  • Home Buying22
  • Home Selling3
  • Market Conditions3

Activity 7
Wed Feb 5, 2014
Patrick Vandenberg answered:
Joe, I actually worked with the buyers on this home. Every neighborhood is what you make it. Take it from me, the people on that block watch out for each other. Patrick
0 votes 3 answers Share Flag
Thu Jan 9, 2014
Linda Johnson, RE/MAX answered:
There are many different shopping malls close to this area. I guess it depends on what you are shopping for! Racine has many strip malls and one large shopping mall that anchors Boston Store and JC Penny's. Hope this helps you! ... more
0 votes 1 answer Share Flag
Tue May 11, 2010
Linda S. Cefalu answered:
Dear Marci,

I would never advocate going with the full price that you have been pre-approved for. There is a huge difference between pre-approval and pre-qualified. It will make a world of difference for you in your stress level the closer you get to closing. You want a qualified pre-approval!!!!!! Even better, a loan commitment pending finding the actual home and appraisal.

A good rule of thumb is no more than 1/3 your NET (TAKE HOME PAY) PER WEEK. If you go by this guideline, it will allow wiggle room for unexpected expenses, repairs, updates --- going out for dinner?????

Home ownership is very exciting for many people, but being tied to your home due to lack of funds to enjoy life and being able to make necessary improvements and repairs to that home can quickly cause that home to become a heavy burden and cause turmoil in all areas of life.

Don't let anyone talk you into going to the top of your price range.

Let us know how it turns out for you.

Linda
... more
0 votes 5 answers Share Flag
Sat May 1, 2010
Mini Samuel answered:
Marci, just answering the same question here again... Meet with a reputable lender who will guide you in this process. Again, if you need names of lenders, I can help you out. I do work in the Racine, Kenosha Market as well. Please email me back with any further questions.. Hope to hear from you soon! ... more
0 votes 2 answers Share Flag
Wed Apr 1, 2009
Harvey & Nancy Paepke answered:
Hi Richard, In reviewing the stats for zip code 53402, I found that in March of 2008, average sales price was $165k, and properties sold at an average of 96% of the asking price, in an average of 125 days on the market.
In March 2009, the average price went up to $185K, at 96% of the asking price, and days on the market went down to 117. This is comparing March 2008 sales to March 2009 sales info from our MLS.
I hope this has helped you in seeing the change in the market in a year's time.
If you have any other questions, please contact us! We are full-time, full-service agent TEAM, always here to help you!
Nancy Paepke
Prudential Southeast Realty,LLC
Racine,WI
... more
1 vote 1 answer Share Flag
Sat Nov 29, 2008
Shellie Mathe answered:
You might also ask your Realtor. My local Realtor MLS (Multiple Listing Service) has statistics that agents can pull which gives a ton of sold (and currently on the market) information that will be helpful to you. Ask if your Realtors MLS has the same info available ... more
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Sat Apr 26, 2008
Karen Wenzel, e-PRO answered:
Unni,
I can't speak on the property values in Mount Pleasant, hopefully another agent from that area may be here on Trulia and can provide you with that information.

As far as Waukesha and Oak Creek. Both of these cities had appreciation in value of approximately 4-6% /yr. up until around 2006. Since then, for the most part - values have been modest or flat. As you know most properties have had some re-adjustment in value in the last 1 1/2-2 yrs. There was an abundance of inventory, which has made it a Buyer's market. Slowly we are seeing some of the excess inventory starting to be sold. There are some great values for Buyers who see the investment potential.
Since all the factors that made these areas desireable in the past still exist, I would imagine when the market picks up again, that the property values will appreciate accordingly.

Good Luck to you!
... more
0 votes 1 answer Share Flag
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Market Conditions in Racine Zip Codes

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