Mogul MKE | October 2022

BY BRANDON TYLER

GLOBAL

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

Let?sWorkTogether.

Market Update

UPPER EAST SIDE

# OF SOLD LISTINGS YTD (219 LY)

NORTH SHORE

# OF SOLD LISTINGS YTD (431 LY)

MEDIAN SALE PRICE YTD ($470,000 LY)

MEDIAN DAYS ON MARKET YTD (5 LY)

4

MEDIAN SALE PRICE YTD ($436,000 LY)

DOWNTOWN CONDOS

# OF SOLD LISTINGS YTD (362 LY)

MEDIAN SALE PRICE YTD ($289,950 LY)

MEDIAN DAYS ON MARKET YTD (4 LY)

# OF SOLD LISTINGS YTD (268 LY)

BAY VIEW

# OF SOLD LISTINGS YTD (360 LY)

MEDIAN SALE PRICE YTD ($600,500 LY)

MEDIAN DAYS ON MARKET YTD (18 LY)

MEDIAN SALE PRICE YTD ($234,750 LY)

WAUWATOSA

# OF SOLD LISTINGS YTD (573 LY)

BROOKFIELD

# OF SOLD LISTINGS YTD (497 LY)

MEDIAN SALE PRICE YTD ($305,000 LY)

MEDIAN DAYS ON MARKET YTD (8 LY)

5

MEDIAN DAYS ON MARKET YTD (5 LY)

MEDIAN SALE PRICE YTD ($425,000 LY)

MEDIAN DAYS ON MARKET YTD (5 LY)

5

MEDIAN DAYS ON MARKET YTD (5 LY)

Greater MilwaukeeArea

SEPTEMBER SALES | MARKET UPDATE FROM GMAR

Home sales in the Metropolitan Milwaukee market were down 17.2% in September, and 8 6% through the third quarter Unlike past months when sales were down compared to a record setting 2021,sales were down in September partly in contrast to 2021,but also because of increasing mortgage rates. Nonetheless, through the third quarter there were 16,135 sales in Metropolitan Milwaukee versus 17,652 in the same time period in 2021 Being off 8 6% is not concerning given the height of the 2021market

County

2021 2022 % Change

Milwaukee 1,219 1,004 176%

Waukesha 624 528 15 4%

Ozaukee 123 119 3 3%

Washington 228 165 27.6%

Metro Area 2,194 1,816 172%

Racine 327 262 -19 9%

Kenosha 237 186 21.5%

Walworth 192 171 10 9%

SEWI Area 2,950 2,435 -175%

For the rest of the year the market looks pretty good Rather than making comparisons to the pandemic fueled markets in 2020 and 2021,if we look at the four-year period from 2016?2019 there was an average of 4,648 sales in the fourth quarter of those years.Adding that to the 16,135 units sold through the first three quarters of this year,we end up with 20,783 sales? a solid year Brokers are reporting that buyers and sellers are still adjusting to new market dynamics.Buyers should be cautioned that we have not entered a ?buyers market?simply because sales have slowed down Sellers should not expect 10 offers in 3 days either

Listings have declined and given that the market was in an aggressive ?sellers market?for some time,it is going to take a while to acquire the units necessary to reach any kind of balance,much less a buyers market.There are two significant headwinds to acquiring those needed units: 1) There is a whole new generation of households,in the form of Millennials,that want to own a home and are gobbling up anything that is reasonable; and 2) We are several years into a dearth of new construction that will plague the market well into the future. The pressure of high demand on low supply can only be expressed through increasing prices, and that is what the Metropolitan market saw through the third quarter Every county in the region saw average sale price increases.

Interestedinselling your home?I havebuyers!

DOWNTOWN MILWAUKEE CONDO | UP TO $ 70 0 ,0 0 0

2 Bed/ 2 Bath,1,500+ Sq.Ft., 1+ Parking Space

SINGLE FAMILY HOME ? NORTH SHORE TO BAY VIEW | UP TO $ 4 0 0 ,0 0 0

3 Bed/ 2 Bath,2 Car Garage,Walkable Location

DUPLEX SOUTH OF DOWNTOWN MILWAUKEE | UP TO $ 250 ,0 0 0

2 Bed/ 1+ Bath

DOWNTOWN/ PROSPECT AVE/ THIRD WARD CONDO | UNDER $ 4 0 0 ,0 0 0

2 Bed/ 2 Bath,1+ Parking Space

SINGLE FAMILY HOME IN BROOKFIELD OR MEQUON | UP TO $ 1 2M

4+ Bed/ 3+ Bath, 4,000+ Sq.Ft. with 1+ acre of land and a close sense of community

SINGLE FAMILY HOME IN THE NORTH SHORE | UP TO $ 50 0 ,0 0 0

4+ Bed/ 2+ Bath

NORTH SHORE/ MEQUON/ THIENSVILLE | UNDER $ 550 ,0 0 0

3 Bed/ 2 Bath,2,000+ Sq Ft ,2 Car Garage

UPPER EAST SIDE CONDO | UNDER $ 210 ,0 0 0

1Bed + Den,1Parking Space

WEST ALLIS/ WEST MILWAUKEE/ WAUKESHA DUPLEX | UNDER $ 250 ,0 0 0

One vacant unit

SINGLE FAMILY HOME IN MENOMONEE FALLS | UNDER $ 4 15,0 0 0

3 4 Bedrooms with good bones

Advisor Tips

HELPFUL TIPS FOR HOMEOWNERS, BUYERS, AND SELLERS

Homeowners

FLUSH OUT YOUR WATER HEATER ONCE A YEAR

You?ll need to drain your water heater or have a professional plumber come in to do it Draining your water heater will flush out any minerals or debris in the system,ensuring it runs more efficiently.If you?re feeling up to the task,AllState Insurance,one of the largest publicly held insurance providers in America,has a step by step guide for draining the water heater yourself

Source:homelight com/ blog/ home maintenance tips

Buyers RELATIONSHIP SAVING STRATEGIES FOR ANY COUPLE BUYING A HOUSE

No matter how connected you two are, you'll still have unspoken and undefined expectations. Especially when it comes to a couple buying a house Buying can reveal relationship problems, because it?s the biggest financial transaction you?ll make,and there are a lot of emotions and expectations tied up in the idea of home.Listen to your partner and commit to the idea that each person has a voice in every issue ?That would be my No 1principle,?says Donna R Baptiste,a licensed marriage and family therapist ?Two people must respect each other?s right to have a say.?How to start? Ask questions like: Why do you want to buy a house? What?s the most important thing to consider, in your opinion? How long do you want to live there? Do you want something perfect or a fixer upper? What do you think our budget should be?

Source:houselogic.com/ buy-sell/couple-buying-a-house

Sellers

SELL YOU HOME, STEP BY STEP

The home selling process can seem like a Herculean job But your agent and the rest of your expert and emotional support network will help you deal.Here?s your birds eye view of the 11 main steps to selling a house Step 1: Decide to sell your house Step 2: Research the market Step 3: Select an agent Step 4: Price your home Step 5: Prepare your home Step 6: Market your home.Step 7: Be ready for home showings.Step 8: Entertain offers.Step 9: Negotiate with the buyer Step 10: Have your home inspected Step 11: Close the deal

Source:houselogiccom/sell/ how-to-sell-step-by-step/ home-selling-process/ ?site ref=mosaic

LocalFlavorstoTry

CanelaCafe

MargaritaParadise

ScreamingTuna

Cauliflower Stir Fry

FROM THE AWARD-WINNING FOOD BLOG ACOUPLECOOKS COM

This easy cauliflower stir fry is an ideal healthy and easy dinner idea! Here's what you'll need:

1medium head cauliflower (2 pounds)

1red bell pepper and 1orange bell pepper

1medium white onion and 3 green onions

3 tablespoons rice vinegar - ¼ cup soy sauce (or tamari or coconut aminos)

1tablespoon light miso

½ tablespoon gochujang (optional)

2 tablespoons sugar (or maple syrup)

2 tablespoons sesame oil (regular,not toasted)

1teaspoon cornstarch (or arrowroot powder)

3 tablespoons neutral oil for stir frying,divided

HowtoMakeIt:

Chop the cauliflower into small florets Thinly slice the bell peppers Thinly slice the white onion. Thinly slice the green onion.

In a medium bowl,whisk together rice vinegar,soy sauce,miso,gochujang,sugar, sesame oil,and cornstarch

- In large skillet, heat 2 tablespoons neutral oil over medium high heat. Add the cauliflower and a pinch of salt and cook unstirring,for 3 to 4 minutes until charred

Flip the florets and continue cooking for 2 minutes

Add the bell peppers,white onion,a pinch of salt and the remaining 1tablespoon oil and cook 4 to 6 minutes until tender

Turn off the heat Pour in the sauce and add the green onions Stir until the sauce coats everything and thickens.

Serve immediately

Source: acouplecooks com/ cauliflower stir fry

RecentlySold

8625 N PELHAM PKWY | BAYSIDE, WI

4 BEDS | 2.5 BATHS | 2,414 SQ. FT.

SOLD FOR $473,000

Listed by First Weber Inc ? Mequon

10 18 E COLFAX PL | WHITEFISH BAY, WI

4 BEDS | 1.5 BATHS | 1,793 SQ. FT.

SOLD FOR $573,440

by Mahler Sotheby's International Realty

PendingSales

119 E HENRY CLAY ST | WHITEFISH BAY, WI

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

LISTED AT $409,900

Listed by Mahler Sotheby's International Realty

2210 S ALLIS ST | MILWAUKEE, WI

3 BEDS | 3 BATHS | 1,260 SQ FT

LISTED AT $350,000

Listed by Compass RE WI ? Tosa

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.