Welcome to Lori Droessler Real Estate, LLC, an independently owned and operated full service real estate business.
If you are thinking of buying or selling in the Southwest Wisconsin area or in Northwestern Illinois, then you’ve come to the right place. I have full access to all listed area properties and full exposure to Multiple Listing Services giving me the most complete picture of the local real estate market.
I know the marketplace and will exceed your expectations. Whether you are buying or selling your first home or investment property, the Experience and Knowledge that Lori Droessler Real Estate, LLC can offer you will equal RESULTS!
Photo by Dave Driscoll, Benton, WI
Most of us who were born and raised in the Tri-State area don't give a thought to the fact that we can easily live, work and play in three different states in the timeframe of one day. The Southwest Wisconsin area is unique to the fact that we are close to it all, yet we remain rural in our surroundings and strong in our roots and history. Quaint cities and villages, small schools and small-town friendliness abound in the entire area. It lends a feeling of belonging and wholesomeness. Its a great place to raise a family.Tour our area and see why we invite you to make Southwest Wisconsin your home.
My Corner of the Market October 2013 REVIEW
Colder Temperatures Brings Lower Inventory
Home sales in Wisconsin increased only .1% from October of last year. According to the Wisconsin Realtors Association, October sales were almost identical in the red-hot real estate market. The average home price increased to $142,500 in Wisconsin. Overall sales prices have went up 7.5% for the past 10 months in Wisconsin. Grant County experienced a sales increase of 12.8% in October with Lafayette seeing a 10% decrease. Sauk, Green, and Crawford were the counties increasing the greatest growth in the state in October.
Mortgage rates have continued to rise, slowing the sale of homes. Rates on a 30 year mortgage have increased over 1% from January to October. This would result to roughly a $200 increase on a monthly mortgage on a $200,000 home.
However, now in Southwest Wisconsin, the decrease in sales is partially due to the decrease in listings. Winter months are often the slowest for sales with individuals waiting to list their home in the spring. Why wait until the spring to list your home? The simple law of supply and demand still applies to real estate. With the decrease in supply, sellers are having an easier time selling their home quickly if it is priced accordingly. I still have qualified buyers searching for the home of their dreams. What better present for the holidays than a new home!
If you do choose to wait until the spring to list, winter is a great time to do inside projects. De-clutter closets to give the appearance of space, clean out and organize kitchen cabinets, or paint and freshen up the carpet. Contractors are usually more available in the winter to do indoor projects than when warmer weather hits.
For more information on the sales process or to find out what your home is worth, call Lori for a Free Market Analysis at 608-778-9805