Mogul MKE | November 2022

BY BRANDON TYLER | GLOBAL REAL ESTATE ADVISOR | BRANDONTYLERRE COM

Mahler Sotheby?s International Realty is a boutique real estate brokerage specializing in representing the buyers and sellers of extraordinary homes throughout Wisconsin. Our consultative approach, along with our clear focus on gracious service and exceptional results,has achieved record sales numbers from the North Shore to the western suburbs, Lake Country and beyond.Our affiliation with Sotheby?s International Realty was born out of a desire to open a new world of marketing channels and exposure,yet never outgrow our key mission to meet the uniquely individual concerns of each of our valued clients

Market Update

UPPER EAST SIDE

200

# OF SOLD LISTINGS YTD (242 LY)

429

# OF SOLD LISTINGS YTD (474 LY) 338

# OF SOLD LISTINGS YTD (391 LY)

$440,000

MEDIAN SALE PRICE YTD ($541,000 LY)

$439,000

MEDIAN SALE PRICE YTD ($410,000 LY)

$367,000

MEDIAN SALE PRICE YTD ($275,000 LY)

$659,000

# OF SOLD LISTINGS YTD (299 LY) 386

# OF SOLD LISTINGS YTD (409 LY) 601 # OF SOLD LISTINGS YTD (658 LY) 496 # OF SOLD LISTINGS YTD (544 LY)

MEDIAN SALE PRICE YTD ($584,900 LY)

$251,000

MEDIAN SALE PRICE YTD ($245,000 LY)

$355,001

MEDIAN SALE PRICE YTD ($305,000 LY)

$415,000

MEDIAN SALE PRICE YTD ($375,000 LY)

4

MEDIAN DAYS ON MARKET YTD (5 LY)

4

MEDIAN DAYS ON MARKET YTD (4 LY) 8

MEDIAN DAYS ON MARKET YTD (16 LY) 5

MEDIAN DAYS ON MARKET YTD (8 LY) 5

MEDIAN DAYS ON MARKET YTD (5 LY) 4

MEDIAN DAYS ON MARKET YTD (5 LY) 5

MEDIAN DAYS ON MARKET YTD (5 LY)

Greater MilwaukeeArea

OCTOBER SALES | MARKET UPDATE FROM GMAR

Home sales were down 29 0% in October compared to the same time a year ago. The drop in sales can be attributed to two major factors in today?s market

County 2021 2022 % Change

Milwaukee 1,198 853 28 8% Waukesha 557 399 28 4%

First,the 2021market was the best ever and it would have been very difficult to repeat or surpass it Year to date, there were 17,300 homes sold,compared to 19,403 a year ago,and 18,188 in 2020 Second,the upturn in interest rates that began in earnest last summer have started weighing down the market Rates are 6%?7% currently and were around 5% in June.Some market watchers may be expecting prices to decline as a result of recent headlines,but that is not the case

Ozaukee 127 91 28 3% Washington 219 149 32.0%

Metro Area 2,101 1,492 29 0% Racine 300 256 -14 7% Kenosha 231 172 25.5% Walworth 187 158 15 5% SEWI Area 2,819 2,087 -26 3%

REALTORS®have been reporting solid interest among buyers, although first-time buyer searches have cooled down Also,listings in October were down across the metropolitan area and region? with one exception,Ozaukee County That combination has pushed average sale prices up 9.4%.There are certainly inefficiencies in today?s market (i.e. lack of new inventory), however,we are nowhere near the start of another Great Recession in housing,because buyers have excellent credit,we do not have any speculative inventory,and employment is strong,among other factors.

New listings were down 19 4% in October,continuing a years?long trend of not enough homes available to satisfy buyers?needs.To reach a balanced market (commonly understood to be 6 months of inventory) the four county area needed 6,075 additional units in October That month there was only enough inventory to satisfy 2 3 months of buyer demand,and if we subtract units with an offer on them that level drops to 1.1months.The limited supply of housing has pushed average prices up 9 4% in the 4 county real estate market

Interestedinselling your home?I havebuyers!

THIRD WARD CONDO | UNDER $ 4 0 0 ,0 0 0

1+ Beds,1+ Baths, 1Car Parking, 2 Dogs Allowed

SINGLE FAMILY NORTH SHORE HOME | UP TO $ 2M

3+ Beds,2+ Baths,2+ Car Garage,Unobstructed Lake Views

EAST SIDE TRI PLEX | UNDER $ 350 ,0 0 0

DOWNTOWN CONDO | UNDER $ 350 ,0 0 0

1+ Beds,1+ Baths, 1Car Parking, Modern/ Sophisticated Aesthetic

SINGLE FAMILY HOME IN BROOKFIELD | UP TO $ 1 2M 4+ Beds,3 Baths,2+ Car Garage,4,500+ Sq Ft ,Family oriented Subdivision

SINGLE FAMILY HOME IN MENOMONEE FALLS | UP TO $ 30 0 ,0 0 0 3 Beds,1+ Baths, 2 Car Garage,Yard Space,Fairly Updated

WASHINGTON COUNTY/ WAUKESHA COUNTY CONDO | UNDER $ 75,0 0 0 1Bedroom

DOWNTOWN CONDO | UNDER $ 175,0 0 0

1+ Beds,1+ Baths, 1Car Parking, Rentable

DOWNTOWN CONDO | UNDER $ 215,0 0 0

1+ Beds,1+ Baths, 1Car Parking, Rentable

Advisor Tips

HELPFUL TIPS FOR HOMEOWNERS, BUYERS, AND SELLERS

Homeowners

MAINTAIN YOUR ROOF

Homeowners dread a roof replacement but maintaining the one you have can increase its lifespan Taking care of roof issues will also help the heating and cooling systems of the home operate more efficiently and prevent leaks in the roof that lead to water damage.

Source:homelight com/ blog/ home maintenance tips

Buyers

OPEN HOUSES

Open houses are a great way to learn about the market If you are going to make an offer, be sure you visit the property at another time when you can have some alone time with it. Open houses can be noisy and active,which can divert your attention from things like road noise or carpet stains.

Source:inman.com/ 2016/ 05/ 12/ 21-tips-for-first-time-homebuyers

Sellers

TAKE CARE OF DEFERRED MAINTENANCE TASKS

Many people have minor home repairs they put off because they are inconvenient This could be as simple as a cabinet handle falling off or a leaky faucet.Unfortunately,these deferred maintenance tasks can be a turnoff to potential buyers who may fear you've let bigger things slip as well To avoid having a minor problem turn into a big obstacle to finding a buyer,take care of these minor repairs. Since they'd probably be identified during a buyer's home inspection anyway, it's best to handle the issues upfront before they interfere with a sale

Source:nasdaq com/articles/ thinking of selling in 2022 heres how to prep your house

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Rustic-chic eatery with an open kitchen serving wood fired Neapolitan pizza,antipasti, and more

ButteryHerbStuffing

FROM HOWSWEETEATS COM

- 18 to 24 ounces bread cubes, (15 loaves of bread, or about 12 to 14 cups) preferably toasted or stale 1cup unsalted butter

3 cups diced sweet onion, roughly 2 large onions 2 cups diced celery 6 garlic cloves,minced kosher salt and pepper

3 tablespoons chopped fresh sage

3 tablespoons chopped fresh parsley

- 3 tablespoons chopped fresh rosemary 2 1/ 2 cups chicken or vegetable stock 2 large eggs a mixture of fresh herbs for sprinkling

HowtoMakeIt:

Cut 1½ pounds of bread into cubes,place it in a large baking dish,loosely tent with foil and let it sit overnight You can also cut the cubes and put them in the oven,toasting them at 350 degrees Funtil they are like croutons,about 15 minutes Or,you can buy the toasted bread cubes in bags from the store

Preheat the oven to 350 degrees F.Brush a 9x13 baking dish with melted butter,olive oil or spray with nonstick spray Place the bread in a large mixing bowl or the baking dish that you will bake it in You can also separate this into two baking dishes if it's easier

- Heat the butter in a large skillet over medium heat Once melted, stir in the onion, celery and garlic with a big pinch of salt and pepper (at least ½ to 1teaspoon each). Cook until the onions and celery soften, about 8?10 minutes.Stir in the sage,parsley and rosemary.Cook for another minute Stir in 1cup of stock

Pour the onion celery mixture over the bread crumbs and toss well to coat In a small bowl or measuring cup,whisk together the remaining 1½ cups stock and 2 eggs

Pour that mixture into the bread cubes and stir and fold the bread cubes until thoroughly combined Bake the stuffing for 45 to 50 minutes, until the internal temperature registers 160 degrees F If the stuffing is getting too browned,you can tent it with foil

You can make this a day ahead of time and reheated it? it?s just as good! Remove the pan from the fridge 60 minutes before reheating it You can also use this to stuff the bird if you wish!

FeaturedListings

119 E HENRY CLAY ST | WHITEFISH BAY, WI

3 BEDS | 2 BATHS | 1,50 0 SQ FT

RECENTLY SOLD FOR $ 419,50 0

Listed by Mahler Sotheby's International Realty

2210 S ALLIS ST | MILWAUKEE, WI

3 BEDS | 3 BATHS | 1,260 SQ FT

RECENTLY SOLD FOR $ 365,0 0 0

Listed by Compass RE WI ? Tosa

1983 N SUMMIT AVE , UNIT 40 | MILWAUKEE, WI

2 BEDS | 1 BATH | 1,122 SQ FT

JUST LISTED FOR $ 225,0 0 0

Listed by Mahler Sotheby's International Realty

3272 S DAYFIELD AVE | MILWAUKEE, WI

3 BEDS | 3 BATHS | 1,431 SQ FT

JUST LISTED FOR $ 334,90 0

Listed by Mahler Sotheby's International Realty

N94W16497 CUMBERLAND RD | MENOMONEE FALLS, WI

4 BEDS | 1 5 BATHS | 1,582 SQ FT

JUST LISTED FOR $ 325,0 0 0

Listed by Mahler Sotheby's International Realty

3311 HAMLIN ST | RACINE, WI

3 BEDS | 1 5 BATHS | 1,263 SQ FT

JUST LISTED FOR $ 220,0 0 0

Listed by Mahler Sotheby's International Realty

BrandonTyler

GLOBAL REAL ESTATE ADVISOR

Brandon Tyler, a native of the Midwest, is a real estate expert who uses his knowledge and passion for the Greater Metro Milwaukee Area to drive success for his clients

Brandon's real estate career was inspired by early work in luxury high rise property management? providing top tier service and experiences for residents and guests of The Moderne and 550 Ultra Lofts Brandon has since cultivated this client first mentality into a distinguished energy for servicing buyers and sellers.

Focus,drive and leadership are rooted attributes developed during his years playing collegiate basketball Many would say Brandon?s personality and consistent efforts towards a common goal are what make working with him such a great fit.

To say Hello,you can find him at Milwaukee's own St Paul Fish Company,The Pfister or Blu Bat Tequila Bar.