Mogul MKE | December 2023

P E O P L E

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P L A C E S

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L I F E S T Y L E

Mogul MKE D EC EM B ER 2 0 2 3 | I SSU E N O. 16

B Y B RA N D O N T Y L ER |

GL O B A L R EA L ESTAT E A D V I S O R |

W I S C O N S I N H O M E.C O M

D EC EM B ER 2 0 2 3 | I S S U E N O. 16

Contents 04

Market Updat e

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What ?s Happening Around Milwaukee

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Brunch N' Around

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Healt h and Wellness

09

Expert s Project Hom e Prices Will Rise Over t he Next 5 Years

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Best Places To Visit In The USA

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Feat ured List ings

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Your Propert y Journey

9 2 0 . 5 7 3 .7 0 0 2 | B RA N D O N @M A H L ERS I R.C O M W I S C O N S I N H O M E.C O M

N OV EM B ER 2 0 2 3

B AY V I EW

WA U WAT OS A

WA U K ES H A COUN T Y

OZ A U K EE COUN T Y

N O RT H S H O RE

U P P ER EA ST S I D E

D OW N T OW N C O N D OS

Market Update

4

296

$310,000

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97.3%

# OF SOLD LISTIN GS YTD ( 3 5 5 LY)

M EDIAN SALE PRICE YTD ( $ 2 9 9 ,0 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 9 LY)

SALE TO LIST RATIO YTD

155

$490,000

4

102.9%

# OF SOLD LISTIN GS YTD ( 2 2 2 LY)

M EDIAN SALE PRICE YTD ( $ 5 12 ,5 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 4 LY)

SALE TO LIST RATIO YTD

321

$532,000

5

98.4%

# OF SOLD LISTIN GS YTD ( 4 5 9 LY)

M EDIAN SALE PRICE YTD ( $ 4 75,0 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 4 LY)

SALE TO LIST RATIO YTD

820

$450,380

9

100.4%

# OF SOLD LISTIN GS YTD ( 9 3 2 LY)

M EDIAN SALE PRICE YTD ( $ 4 3 1,0 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 7 LY)

SALE TO LIST RATIO YTD

3,262

$466,000

5

100.6%

# OF SOLD LISTIN GS YTD ( 3,9 5 4 LY)

M EDIAN SALE PRICE YTD ( $ 4 2 7,0 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 5 LY)

SALE TO LIST RATIO YTD

464

$381,500

4

101.2%

# OF SOLD LISTIN GS YTD ( 6 4 8 LY)

M EDIAN SALE PRICE YTD ( $ 3 4 5,0 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 4 LY)

SALE TO LIST RATIO YTD

304

$274,000

5

102.6%

# OF SOLD LISTIN GS YTD ( 4 12 LY)

M EDIAN SALE PRICE YTD ( $ 2 5 0 ,0 0 0 LY)

M EDIAN DAYS ON M ARKET YTD ( 5 LY)

SALE TO LIST RATIO YTD

© 2 0 2 3 M ah l er So t h eby ?s In t er n at i o n al Real t y. Al l Ri gh t s Reser ved . Th e So t h eb y ?s In t er n at i o n al Real t y t r ad em ar k i s l i c en sed an d u sed w i t h p er m i ssi o n . Eac h So t h eby ?s In t er n at i o n al Real t y of f i c e i s i n d ep en d en t l y ow n ed an d o p er at ed , exc ep t t h ose o p er at ed by So t h eb y ?s In t er n at i o n al Real t y, In c. Th e So t h eb y ?s In t er n at i o n al Real t y n et wo r k f u l l y su p p o r t s t h e p r i n c i p l es of t h e Fai r Ho u si n g Ac t an d t h e Eq u al Op p o r t u n i t y Ac t . Th i s m at er i al i s b ased u p o n i n f o r m at i o n w h i c h we c o n si d er r el i ab l e b u t b ec au se i t h as b een su p p l i ed by t h i r d p ar t i es, we c an n o t r ep r esen t t h at i t i s ac c u r at e o r c o m p l et e an d i t sh o u l d n o t b e r el i ed u p o n as su c h . In f o r m at i o n i s o b t ai n ed f r o m t h e M et r o M LS, d eem ed r el i ab l e b u t n o t gu ar an t eed f r o m 12 / 0 5 / 2 3.

S I N GL E- FA M I LY H O M ES | N OV EM B ER 2 0 2 3

Milwaukee County

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?s Your Home Worth?

Get a complimentary home valuation report via email. It may be worth more than you think! Visit BRANDONTYLERRE.COM/ HOME-VALUATION to learn more!

What?s Happening FU N T H I N GS T O D O I N A N D A RO U N D M I L WA U K EE T H I S M O N T H

D EC EM B ER

Wild Lights Milwaukee Count y Zoo

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Enjoy an enchanted evening under the stars, with pathways and forested areas specially adorned with twinkling lights and decorative displays.

MORE INFO: bit .ly/ 3uNkwvZ

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Holiday Cookie Cocktail Class Nort hern Light s Event Venue Learn to create delicious holiday cookie-inspired cocktails.

MORE INFO: bit .ly/ 3Rt ogvp

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12 Bars of Christmas Third St reet Bars Join some of Milwaukee's cheeriest to help kick off the Christmas season and raise money for Toys for Tots!

MORE INFO: bit .ly/ 4a8CbhW

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Winter Yoga Villa Terrace Art Museum Guided yoga, in Villa's great hall, led by a local yoga instructor MORE INFO: bit .ly/ 481lbrL

Milwaukee Bucks vs.

Houston Rockets Fiserv Forum Cheer on the Milwaukee Bucks at the Fiserv Forum.

MORE INFO: bit .ly/ 3Ta61wa

Brunch N' Around C H EC K O U T S O M E O F T H E B EST B RU N C H S P OT S I N M I L WA U K EE

B L U E B AT K I T C H EN & T EQ U I L A RI A 249 N Water St . | Saturday and Sunday

S W EET D I N ER 239 East Chicago St . | Every day

CA N EL A CA FE 2621 N. Downer Ave. | Daily

T RE RI VA L I 20 0 N Broadway | Saturday and Sunday

D O N ' S T V & REPA I R 110 0 S. 1st St . | Saturday and Sunday

T U P EL O H O N EY S O U T H ERN K I T C H EN & B A R 511 N. Broadway | Saturday and Sunday

EN GI N E C O M PA N Y N O. 3 217 W. National Ave. | Wednesday through Sunday

T H E W I C K ED H O P 345 N. Broadway | Saturday and Sunday

L U P I & I RI S 3777 N. Van Buren St . | Sunday

U N C L E WO L FI E' S B REA K FA ST TAV ERN 234 E. Vine St . | Thursday through Monday Source: onmilwaukee.com/ articles/ brunch-takeout 7

Health and Wellness STAY I N G A CT I V E T H RO U GH T H E H O L I DAYS

T H E B A RRE C O D E 225 N. Water St . | Milwaukee, WI Barre Classes [ S O L I D C O RE] 320 E. Buffalo St . | Milwaukee, WI Pilates Classes D RO P O U T FI GH T C L U B 830 E. Keefe Ave. | Milwaukee, WI Boxing Classes YO GA S I X 2227 N. Prospect Ave. | Milwaukee, WI Yoga Classes

O RA N GET H EO RY FI T N ES S 4155 N. Oakland Ave. | Shorewood, WI Interval Training Classes B U RN B O OT CA M P 415 E. Silver Spring Dr. | Whitefish Bay, WI Boot Camp Classes H OT WO RX 644 N. Water St . | Milwaukee, WI Infared Fitness Classes PU RE B A RRE 418 E. Silver Spring Dr. | Whitefish Bay, WI Barre Classes

Experts Project Home Prices Will Rise over the Next 5 Years D EC EM B ER 4 , 2 0 2 3 | K EEP I N G C U RREN T M AT T ERS Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact , a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That?s nearly one in four people who are dealing with that fear ? maybe you?re one of them.

To help ease that concern, here?s what the experts say will happen with home prices not just next year, but over the next five years.

EX P ERT S P ROJ ECT O N GO I N G A P P REC I AT I O N S While seeing a small handful of expert opinions may not be enough to change your mind, hopefully, a larger group of experts will reassure you. Here?s that larger group.

The Home Price Expectation Survey (HPES) from Pulsenomics is a great resource to show what experts forecast for home prices over a five-year period. It includes projections from over 10 0 economists, investment strategists, and housing market analysts. And the results from the latest quarterly release show home prices are expected to go up every year through 2027 (see graph).

And while the projected increase in 2024 isn?t as large as 2023, remember home price appreciation is cumulative. In other words, if these experts are correct after your home?s value rises by 3.32% this year, it should go up by another 2.17% next year.

W H AT D O ES T H I S M EA N FO R YO U ?

If you?re not convinced yet , maybe these numbers will get your attention. They show how a typical home?s value could change over the next few years using the expert projections from the HPES. Check out the graph: In this example, let?s say you bought a $40 0,0 0 0 home at the beginning of this year. If you factor in the forecast from the HPES, you could potentially accumulate more than $71,0 0 0 in household wealth over the next five years.

B OT T O M L I N E If you?re someone who?s worried home prices are going to fall, rest assured a lot of experts say it?s just the opposite ? nationally, home prices will continue to climb not just next year, but for years to come.

Source: mykcm.com/ blog/ buyer-traffic-is-still-stronger-than-the-norm

Best Places To Visit In The USA A L L ROA D S N O RT H

J A N UA RY: S O U T H ERN CA L I FO RN I A Ring in the New Year by hunting down the sun in the wellness capital of the world, Southern California. From your starting point in Los Angeles there?s plenty to explore; turn south to the beaches of Orange County and laid-back San Diego, head inland to the desert landscapes of Palm Springs, Joshua Tree and Death Valley, and finish your SoCal loop in style at El Encanto, perched on a hillside overlooking the terracotta roofs of Santa Barbara.

FEB RUA RY: W I N T ER A DV EN T U RES Head to Wyoming and Montana for a naturalist-led wolf safari and a wilderness dog sledding adventure, or take a journey through the Southwest to experience the Grand Canyon in its winter glory, before indulging yourself at the luxury desert getaway, Amangiri, and finishing with a spot of heli-skiing in Telluride.

M A RC H : C H A RL EST O N A N D T H E L OWC O U N T RY Charleston might just be one of our best places to visit in the USA on any day of the year but the Wine and Food Festival in early March is a Southern epicurean extravaganza not to be missed and, later in the month, as Spring flowers start to bloom, is the perfect time to wind your way down the Lowcountry coast to Savannah and on to the Golden Isles.

A P RI L : N EW O RL EA N S A N D A CA D I A N A Mardi Gras in February is the party to end all parties but for a more sedate time (it?s all relative in Louisiana), April is an ideal month to visit New Orleans, as well as nearby Acadiana. The latter, focused around the town of Lafayette, is a fascinating region that hosts the Festival International de Louisiane, a celebration of the unique food, music, and culture in this Francophone area.

M AY: S O U T H ERN U TA H Nowhere boasts a higher concentration of national parks than Southern Utah, with five very different geological wonderlands all in close proximity, making the region the perfect road trip territory. Spring brings warm days and cool nights, perfect for getting out and enjoying the endless options for adventure travel, from exploring hidden slot canyons and petroglyph-lined caves, to world class mountain biking and whitewater rafting.

J U N E: CA L I FO RN I A?S S I ERRA N EVA DA For a different landscape entirely, California?s Yosemite is magical in early June with the park?s iconic waterfalls still in full flow, pleasant days are the norm.

Continue north, through the Sierra foothills towards Sacramento, stopping in former gold rush towns and sampling the region?s up-and-coming wineries, or turn south to Sequoia National Park and the largest trees on the planet .

J U LY: C O L O RA D O For an action-packed summer adventure amidst some of the most jaw-dropping mountain scenery on the planet , look no further than Colorado.

A U GU ST: M O N TA N A A N D W YO M I N G Spend mid-summer out west on a luxury road trip through Wyoming and Montana.

Start with an exploration of Grand Teton and Yellowstone before turning north into the heart of Big Sky Country and some time channeling your inner cowboy on a ranch.

S EPT EM B ER: N EW M EX I C O The Land of Enchantment is just that in September, as the summer ?monsoon?rains depart , leaving a revived landscape and crisp, clear blue skies that only accentuate this already kaleidoscopic state.

O CT O B ER: N EW EN GL A N D October might just be one of our favorite months to plan a trip in the U.S., with fewer crowds in many national parks, cooler temperatures returning to the south, and aspen and cottonwoods turning the Rockies a dazzling hue of yellows, reds and oranges.

N OV EM B ER: W EST T EX A S Start in the remote outpost of Marfa, part wild west and part art mecca, before heading to Big Bend National Park, a jaw dropping landscape on the border with Mexico and perhaps the country?s most underrated national park. Further east across Texas?central plains, the liberal city of Austin is a cultural hothouse of food and music, and perfectly placed to explore the surrounding Texas Hill Country.

D EC EM B ER: L U X U RY W I N T ER H I D EA WAYS It?s the season to hunker down by a log fire and embrace the onset of winter but this doesn?t have to be done at home and where better to end the year than Montana?s Ranch at Rock Creek, Napa?s Calistoga Ranch or Colorado?s Little Nell.

Source: https:// www.allroadsnorth.com/ best-places-to-visit-in-the-usa/

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Featured Listings FEAT U RED L I ST I N GS FRO M M A H L ER S OT H EB Y ?S I N T ERN AT I O N A L REA LT Y

15 2 2 N . PROSPECT AV E., UN I T 18 0 3 | M I LWAUK EE, WI 3 B EDS | 2 .5 B AT H S | 4 ,6 14 SQ. FT. | OFFERED AT $ 1,8 0 0 ,0 0 0 Spectacular two-story penthouse in the premier 1522 On the Lake. This 18th floor residence offers remarkable views of Milwaukee's Lakefront and skyline from almost every room and oversized terrace.

Listed by the Peter Mahler Team

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14 0 4 STON EY B ROOK RD. | RUDOL PH , WI 8 B EDS | 5 .5 B AT H S | 6 ,2 14 SQ. FT. | 3 8 ACRES | OFFERED AT $ 1,175 ,0 0 0 Situated on nearly 40 acres of picturesque landscape across from the WI River, this property includes three dwellings with over 6,20 0 square feet of living space, perfect for a family retreat or a short-term rental.

Listed by the Peter Mahler Team

© 2023 Sotheby?s International Realty. All Rights Reserved. Sotheby?s International Realty® is a registered trademark and used with permission.

Each Sotheby?s International Realty office is independently owned and operated, except those operated by Sotheby?s International Realty, Inc. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. Equal Housing Opportunity.

M A H L ERS I R.C O M

Your Property Journey YO U ' L L L I K E T H E WAY W E WO RK

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EX P O S U RE ES S EN T I A L S

S TAY I N G I N T O U C H

Market ing collat eral is cust om

All market ing and sales updat es

designed and creat ed for t he

relat ing t o your property are

property, including brochures,

communicat ed regularly and

post cards, e-blast s, and a highly

guidance is provided t o make

t arget ed digit al ad campaign.

informed decisions t hat will lead

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an elevat ed way t o t he right agent s and client s during t he most import ant t ime in t he selling process.

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C U S T O M M A RK ET I N G P L A N

LI ST I N G LAUN CH

Brandon Tyler GL O B A L REA L ESTAT E A DV I S O R

- Seller Representation - Buyer Representation - Condominium, Townhome, Single-Family, Multi-Unit , and Investmant Properties

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W I S C O N S I N H O M E.C O M

GL O B A L C O N N ECT I O N S

Our world isyours

Sot heby?s Int ernat ional Realty is t he only t ruly global luxury real est at e company wit h 26,50 0 advisors working in more t han 1,10 0 local offices across 81 count ries and t errit ories. Our unparalleled network works t oget her t o meet your needs and expect at ions.