What's Selling in Northern Wisconsin Real Estate? Ask the expert!

By
Real Estate Broker/Owner with Re/Max Property Pros LLC

What's selling in the Northern WI counties of Vilas and Oneida????  Well, we are now almost ¼ of the way into this year and this is what I can tell you about what is moving....

Oneida County has sold, so far this year,  37 single family homes.

Of those 37 - 12 were waterfront. The average sale price is $168,106. The remaining 25 were off water and the average sale price there was $88,450. 

Of all 39 of those homes there has not been one in either Sugar Camp or Three Lakes which I was surprised to see.

In Vilas County there have been 42 single family homes sold thus far this year.

Of those 42 - 22 were waterfront with an average sale price of 336,560.  There was a large tract up in Land O Lakes that closed in January on Osceola lake for $2,000,000. It was 960 acres in size with over 5000 feet of frontage. If we take this one sale out of the equation the average sale price is $257,349. The remaining 21 properties were off water and the average sale price there was $112,740.

Now how does this compare to last year?????

We are seeing more activity in Vilas County than Oneida County which makes sense somewhat because this year there is no first time homebuyers credit.

Total home sales up to this point last year were 85 with 56 being in Oneida County and 27 in Vilas County.

In Oneida there were 56 total properties sold and 18 were waterfront with the average price being 256,741. The remaining 38 were off water with an average price of $120,414

In Vilas there were 28 total properties sold and 14 were waterfront with the average price being 313,461. The remaining 14 were off water with an average price of $128,421

So, we are seeing sales but buyers continue to be thrifty. REMEMBER, it is both a beauty contest and a price war in today's market.  The good news is that with bonds rising interest rates should go down or remain stable but they should not be rise.  So, if you're a buyer get geared up because there has never been a better time and if you are a seller you must price your home to sell today and you need to have it looking its best when you go to list.

So for information about "What's Selling in Northern Wisconsin Real Estate?"  or for more information about gearing your home for a spring sale or for information about buyers agency just call Julie Winter -Paez or visit my website www.eagleriverhomefinder.com to search local listings.

 

Copyright©by Julie Paez, All Rights Reserved, " What's selling in the Northern WI counties of Vilas and Oneida????  Well, we are now almost ¼ of the way into this year and this is what I can tell you about what is moving...."

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Julie - Thank you for sharing detailed information on Northern Wisconsin. Excellent blog.

Mar 16, 2011 05:55 PM #1
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Julie Winter-Paez

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