Weekly Property Showings on Madeline Island - In January?
This weekend will mark three weekends in a row where we've received requests for showing appointments on Madeline Island.
That's right..three weekends in January.
If you're looking for signs that the real estate market on Madeline Island has improved, I'd say the recent volume of showing requests is one of the best indicators we've seen.
What prompts a prospective buyer to drive four or five hours one-way (plus a ten-minute drive across the ice road between Bayfield, Wisconsin and Madeline Island) in midwinter?
One reason would be that buyers have noticed property for sale inventories steadily dropping in our area. Another would be that prices haven't begun to rebound from recent lows. And we believe that won't last long.
As would-be buyers watch the dominoes fall, with one closed sale after another, there seems to be an acceleration of buyer interest (and maybe a bit of anxiety) as home buying opportunities steadily slip away.
[Windsled parked on the ice road between Madeline Island and Bayfield, Wisconsin]
I'm not all that thrilled about the weekly car trips to northwest Wisconsin in below-zero weather, on sometimes slippery roads. But it's exciting to witness this much buyer interest in homes and properties on Madeline Island in the middle of winter.
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