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What is the relationship between the Assessed and Fair Market values of the properties selling in the surrounding Eagle River, WI areas and SALES PRICE from January 1 to June 26, 2010.
As a local expert I decided to study what the relationship between the Assessed and Fair Market values of the properties selling in the surrounding Eagle River, WI areas AND SALES PRICE from January 1 to June 26, 2010. Since this correlation seems to be whay alot of today's buyers are focusing on.
So, I will go over some of the township with you so you know what is happening this year versus where we were last year... Volume is definitely up and in certain pockets so is sales price but only in certain pockets...
I looked at January 1 to June 24th and this is what is happening in our market place: This is waterfront numbers only.
Washington Township has had 16 sales : Average Sale price $216,400 which is 81% of A. V. ( assessed value ) & 80% of F.M.V. ( fair market value ) last year there were 3 sales ( one 1.6 million ) w/av. Sales price of $733,000. Taking out the million dollar property the average price was $237,500 Lincoln Township has had 4 sales: Average Sales Price $360,975 which is 90% of A.V. and 89% of F.M.V. Last year there were 6 sales w/av. Price of $288,333 ... more
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