P E O P L E - P L A C E S - L I F E S T Y L E APRIL 20 24 ISSUE NO 20
04 Market Update 06 Your Guide to Milwaukee?s Historic Third Ward 08 Your Guide To Home Pros In Milwaukee 09 Summerfest 2024 Headliners Announced 10 Dog-friendly Bar Guide 11 What?s New on Netflix in April 12 Latest Additions to Milwaukee?s Dining Scene 13 Is It Easier To Find A Home To Buy Now? 14 Featured Brokerage Listings 920 573 70 0 2 | BRANDON@MAHLERSIR COM WISCONSINHOME COM APRIL 20 24 | ISSUE NO 20 Contents
© 2024 Mahler Sotheby?s Internationa Rea ty All Rights Reserved The Sotheby?s International Realty trademark is l censed and used w th permiss on Each Sotheby?s Internat onal Rea ty off ce is independently owned and operated except those operated by Sotheby?s Internat onal Realty Inc The Sotheby?s Internat onal Realty network ful y supports the principles of the Fair Hous ng Act and the Equal Opportunity Act Th s mater al is based upon informat on which we consider reliable but because t has been supplied by third part es we cannot represent that it s accurate or comp ete and t shou d not be re ied upon as such Information is obtained from the MetroMLS deemed reliable but not guaranteed from 04/ 01/ 24 MARCH 20 24 Market Update 4 D O W N T O W N C O N D O S 180 # OF NEW LISTINGS YTD (229 LY) 740 # OF NEW LISTINGS YTD (811 LY) 126 # OF NEW LISTINGS YTD (124 LY) 68 # OF NEW LISTINGS YTD (40 LY) 104 # OF NEW LISTINGS YTD (89 LY) 81 # OF NEW LISTINGS YTD (89 LY) $329,950 MEDIAN SALE PRICE YTD ($285,000 LY) 22 MEDIAN DAYS ON MARKET YTD (27 LY) $480,000 MEDIAN SALE PRICE YTD ($460,000 LY) $581,500 MEDIAN SALE PRICE YTD ($492,950 LY) $486,375 MEDIAN SALE PRICE YTD ($424,000 LY) $460,500 MEDIAN SALE PRICE YTD ($433,000 LY) $367,000 MEDIAN SALE PRICE YTD ($315,000 LY) 11 MEDIAN DAYS ON MARKET YTD (5 LY) 12 MEDIAN DAYS ON MARKET YTD (6 LY) 27 MEDIAN DAYS ON MARKET YTD (22 LY) 15 MEDIAN DAYS ON MARKET YTD (10 LY) 8 MEDIAN DAYS ON MARKET YTD (6 LY) 97% SALE TO LIST RATIO YTD 97% SALE TO LIST RATIO YTD 101.2% SALE TO LIST RATIO YTD 100% SALE TO LIST RATIO YTD 102.3% SALE TO LIST RATIO YTD 104.1% SALE TO LIST RATIO YTD U P P E R E A S T S I D E N O R T H S H O R E O Z A U K E E C O U N T Y W A U K E S H A C O U N T Y W A U W A T O S A
MilwaukeeCounty
WHAT IS AN ABSORPTION RATE? Absorption rates measure how quickly or slowly homes are sold in a specific market and time frame It?s important for sellers,buyers, and realtors to calculate the absorption rate as it?s used to read market conditions
The higher the absorption rate,the faster homes are selling since there?s more demand from buyers than available properties
Source:mansionglobal.com/ library/absorption-rate
What?sYour HomeWorth?
Get a complimentary home valuation report via email It may be worth more than you think! Visit BRANDONTYLERRE.COM/ HOME-VALUATION to learn more!
SINGLE-FAMILY HOMES | MARCH 20 24
Your GuidetoMilwaukee?s HistoricThirdWard
With its mix of historic charm and contemporary flair,the Third Ward offers a dynamic urban experience for residents and visitors alike, making it a cornerstone of Milwaukee?s identity and a testament to the city?s ongoing renaissance
MARN ART + CULTURE HUB
The Milwaukee Area Resource Network,which encourages equitable access to the arts throughout the city,opened this gorgeous gathering place last fall.Grab a glass of wine or cup of Interval coffee and enjoy the light, airy café,then take in some art in the adjacent gallery
Source:milwaukeemagcom/ your-guide-to-milwaukees-historic-third-ward-neighborhood/
TRESTLE PARK
There?s a pocket-sized patch of greenery,but the highlight of this 4-year-old park is the pier jutting out over the Milwaukee River,a new use for a decommissioned rail bridge
CAVAS
Cavas ? a high-octane tapas and wine bar with a terrace overlooking the river ? has an off-the-beaten-track vibe that?ll make you feel like you?re lounging at a Latin café.
OVERALL GRADE: A
PUBLICSCHOOLS: HOUSING: GOODFORFAMILIES: NIGHTLIFE: DIVERSITY: CC+
-
B A+ B
ConsideringHome RenovationsThisSummer? YOUR GUIDE TO HOME PROS IN MILWAUKEE | MILWAUKEE MAGAZINE GMH REMODELING Pewaukee,WI | 262 696 8131 SUZAN J. DESIGNS Milwaukee,WI | 414 9671992 ZUERN BUILDING PRODUCTS & DESIGN CENTER Franklin,WI | 414.529.9770 NONN?S New Berlin,WI | 262 446 6810 READ MORE: milwaukeemag com/ your-guide-to-home-pros-in-milwaukee/ ANGELA WESTMORE Milwaukee,WI | 262.227.9711 BARTELT THE REMODELING RESOURCE Delafield, WI | 262.646.8020 DESIGN TECH REMODELING Mequon, WI | 262-240-9999 FLOOR36 0 Milwaukee,WI | 262.646.7811
June 20
MötleyCrüe
June 21 SZA
June 22
June 27
Tyler Childers
June 28
KeithUrban
June 29
AJR
July 4
Maroon5
July 5
LilUzi Vert
July 6 KaneBrown
Summerfest 2024 HeadlinersAnnounced Illenium
JUNE 20-22 JUNE 27-29
JULY 4-6
FOR THE FULL LINEUP VISIT:summerfest.com/ lineup/ 9
FurryFriends Summer Ready
For most dog owners,dogs are family members and thus they want to bring them beyond the yard and into the world. Many businesses recognize this and have loosened up on their no-pets rules or even declared their establishment "dog-friendly."
BAR GUIDE | MOLLY SNYDER | ON MILWAUKEE
Get Our
DOG-FRIENDLY
1. ART*BAR 722 E Burleigh St 2 THE BACKYARD 2155 S Kinnickinnic Ave 3 BAD MOON SALOON 4035 S.Clement St. 4 BLACK HUSKY BREWING 909 E Locust St 5 BOUGEY'S 16760 W Greenfield Ave ,Brookfield 6. FUEL CAFE 5TH STREET 630 S 5th St 7 HOUNDS & TAP W175N5645 Technology Dr , Menomonee Falls 8. NATTY OAKS 11505 W National Ave ,West Allis 9 SOBELMAN'S 1900 W St Paul Ave 10. SMOKE SHACK 332 N Milwaukee St Source:onmilwaukee.com/articles/dog-friendly-bars 920 573 70 0 2 | BRANDON@MAHLERSIR COM | BRANDONTYLERRE COM 10
What?sNewonNetflixinApril
THE MATRIX
April 1
THE THEORY OF EVERYTHING
April 1
IT'S KIND OF A FUNNY STORY
April 1
SPACE JAM: A NEW LEGACY
April 2
SCOOP
April 5
THE HIJACKING OF FLIGHT 6 0 1
April 10
THE BRICKLAYER
April 11
THE CIRCLE | SEASON 6
April 17
AHEAD OF THE CURVE
April 22
KING RICHARD
April 24
THE ASUNTA CASE
April 26
HONEYMOONISH
April 29
FOR THE FULL LIST VISIT:onmilwaukee.com/articles/new-netflix-movies-tv-april-2024 11
9 CORK MKE Milwaukee,WI 10 DIA BOMB Milwaukee,WI 11 LAS GARDENIAS Milwaukee,WI 12. TWISTED PLANTS West Allis,WI 13. GIVING TREE GARAGE Milwaukee,WI 14 NORTH PILLAR BREWING Waukesha,WI 15 HAVENWOODS TAPROOM & BEER GARDEN Milwaukee,WI Latest andGreatest Additionsto Milwaukee?sDiningScene DISCOVER MILWAUKEE 20 24 | VISIT MILWAUKEE 1 THE COMMODORE Hartland, WI 2. ELECTRIC LIME TAQUERIA Milwaukee,WI 3 PEOPLE'S PARK Milwaukee, WI 4 I BELIEVE I CAN FRY Milwaukee, WI 5 PALOMA TACO + TEQUILA Milwaukee,WI 6 MOVIDA ROOFTOP BAR Milwaukee, WI 7. ELEVATE Milwaukee,WI 8 DISCOURSE AT RADIO MILWAUKEE Milwaukee,WI Source:visitmilwaukee org/ blog/posts/post/ whats-new-in-milwaukee-in-2024/ 12
IsIt Easier ToFind AHomeToBuyNow?
One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale But that?s starting to change The graph below uses the latest data from Realtor com to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023):
DOES THAT MEAN FINDING A HOME IS EASIER?
The answer is yes,and no As an article from Realtor com says:
"There were nearly 15% more homes for sale in February than a year earlier That alone could jolt the housing market a bit if more ?For Sale?signs continue to appear However,the nation is still suffering from a housing shortage even with all of that new inventory?
Context is important.On the one hand, inventory is up over the past few years That means you?ll likely have more options to choose from as you search for your next home
But,at the same time, the graph above also shows there are still significantly fewer homes for sale than there would usually be in a more normal, pre-pandemic market And that deficit isn? t going to be reversed overnight
WHAT DOES THIS MEAN FOR YOU?
You might find a few more choices now than in recent years, but you shouldn? t expect a ton of options To help you explore the growing list of choices you have now,team up with a local real estate agent you trust They can really help you understand the inventory situation where you want to buy That?s because real estate is local An experienced agent can share some smart tips they?ve used to help other buyers in your area deal with ongoing low housing supply.
Source:mykcm com/ blog/ is-it-easier-to-find-a-home-to-buy-now
13
MARCH 28, 20 24 | KEEPING CURRENT MATTERS 920 573 70 0 2 | BRANDON@MAHLERSIR COM | BRANDONTYLERRE COM
14 FeaturedListings UNDER CONTRACT 3971W.CollegeAve. FRANKLIN, WISCONSIN $244,900 Listed by BRANDON TYLER JUST SOLD 904E.PearsonSt.,Unit 108 | Milwaukee,Wisconsin $430,000 (7 5% OVER LIST PRICE) Listed by BRANDON TYLER SOLD 6974S.92ndSt. FRANKLIN, WISCONSIN 4 BR | 2 5 BA | $675,000 Representing the Buyer
UNDER CONTRACT JUST SOLD 1220E.Locust,Unit 209 | Milwaukee,Wisconsin $243,500 (1 5% OVER LIST PRICE) Listed by BRANDON TYLER UNDER CONTRACT W147N6594AshDr. MENOMONEE FALLS, WISCONSIN 4 BR | 2 5 BA | $549,900 Representing the Buyer 1846VelR.Phillips,Unit 102 MILWAUKEE, WISCONSIN 2 BR | 2 5 BA | $635,000 Representing the Buyer © 2024 Sotheby?s International Realty All Rights Reserved Sotheby?s International Realty® s a registered trademark and used with permission Each Sotheby?s Internationa Realty off ce is independently owned and operated except those operated by Sotheby?s Internationa Realty Inc All offer ngs are subject to errors,omissions,changes including price or w thdrawal without notice Equal Housing Opportunity MAHLERSIR COM
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