Green Bay Real Estate Market Report

By
Real Estate Agent with Dallaire Realty

Green Bay Real Estate Market Report

Our media outlets have been extremely aggressive in talking about the slowdown in real estate in the nation.  While I'm having a conversation with someone there is an extremely high probability that they will bring up how bad our Green Bay real estate market is.  What are the people I'm talking with saying?   Some buyers have the perception right now that sellers are stuck, and that they're going to give homes away at a huge discount.  Some buyers also think lowball offers are suddenly going to be seriously considered.  I hear agents talk about how nothing's selling and they can't find buyers.   The nation may be in a real estate slowdown but how do we know that Green Bay is the same?  That's the question we need to evaluate if we're going to refer to the Green Bay Home market logically.

It's extremely important that we look at our specific market and not the nation to determine how the Brown County Real Estate Market is doing.  Having researched our market thoroughly I've found some very positive results that home owners, sellers, buyers, investors, and even some agents in the Green Bay area need to be aware of.

The statistics that I'm using to evaluate the Brown County Real Estate Market is from our Wisconsin Realtor's Association.  The specific link is http://www.wra.org/Consumer_Resources/about_wisconsin/housingstats.asp?Region=Northeast&County=Brown#map.

In 2003 Brown County had its best year to date on number of home sales.  For the whole year we had a total number of 2,725 home sales.  If we jump to 2007 we see that the Brown County Market had 2,716 homes sold and closed.  We were 14 sales short of 2003's record breaking year.  When we break this down to a percentage, we're at 99.66 percent of 2003's best year ever, which I will stress again.   Sure we could have outdone our best year, but to at least keep up the pace has a ton of positives to it. I feel this is solid evidence that our Green Bay Real Estate Market is in good shape.  We may even be able to say it's in great shape compared to the rest of the nation.  People are still out there buying homes just as much as in our best years, and homes continue to sell at high volume in our wonderful Green Bay community. 

Stay tuned for more Green Bay Real Estate Market Reports. 

 

Number of Home Sales

  

  

Q1

Q2

Q3

Q4

YTD

2007

540

790

662

540

2716

2006

553

840

826

590

2809

2005

514

914

876

587

2891

2004

496

914

777

626

2813

2003

526

864

844

609

2725

2002

446

831

738

606

2621

2001

460

746

704

589

2499

2000

456

710

679

501

2346

1999

452

753

690

488

2383

1998

426

761

719

571

2477

1997

435

634

618

483

2170

 

Median Sale Price

 

 

Q1

Q2

Q3

Q4

YTD

2007

$145,300

$152,300

$151,400

$150,000

$149,200

2006

$150,800

$153,300

$151,400

$146,200

$150,700

2005

$149,300

$151,700

$153,700

$147,700

$151,400

2004

$136,900

$143,500

$144,600

$145,000

$142,700

2003

$128,400

$142,500

$142,700

$138,700

$138,700

2002

$124,000

$130,000

$133,300

$129,300

$129,400

2001

$120,000

$125,000

$124,400

$125,900

$123,500

2000

$110,600

$116,500

$121,800

$112,200

$116,200

1999

$104,300

$114,800

$114,200

$112,400

$112,200

1998

$104,400

$109,400

$109,500

$105,600

$107,600

1997

$99,900

$100,600

$104,200

$104,200

$102,30

 

Greg Dallaire Green Bay Realtor 920-217-2647
Contact Greg Dallaire, Realtor®, Micoley and Company. Licensed Realtor® in Green Bay, Wisconsin at 920-217-2647 to list your property for sale or to purchase a property in Green Bay, Howard, Suamico, East De Pere, West De Pere, Bellevue, Hobart, Bellevue, Allouez, Wrightstown, Denmark and the rest of Brown County Wisconsin. I'm accepting referrals.

Call me today at 920-217-2647. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.

To view all the Green Bay Wisconsin Homes For Sale Click here and then click on Search For Homes Greg Dallaire knows Brown County and
 will help you get your home Sold if you need to Sell your home and help you buy your Green Bay Home or Land ; call me today.
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Rainer
123,025
Julie Neerings~Lifting Hearts ♥ Building Dreams~
Agent Referral - Salt Lake City, UT
Greg~Your market seems to be hold steady right now and you have had a lot of increases in years past. I so very much agree with you that people need to focus on their local market reports for what is really going on around them. It is very individualized. Have a great night!
Mar 13, 2008 09:57 AM #1
Rainer
30,522
Charles Tharp
Prudential California Realty - Fontana, CA
Inland Empire, Real Estate & Short Sale Specialist

GO PACKERS! Sorry Greg, I had to shout that out.

I'm glad your market is holding steady right now. For the rest of us we are still waiting for the curve to level out.

Mar 13, 2008 09:58 AM #2
Anonymous
Gingerale
Thanks for showing us  that in Green Bay the housing market isn't as bad as we hear in the news.  I appreciate your positive outlook.  Looking forward to your next article.
Mar 13, 2008 10:04 AM #3
Rainmaker
35,822
Greg Dallaire
Dallaire Realty - Green Bay, WI
Green Bay Homes

Julie: I'm very fortunate to be in a real estate market that's holding steady.  I know alot of other areas where the opposite can be said.  You have a wonderful night as well! 

Charles:  Go Pack Go!  I love it!  I hope the best for your market it'll bounce back it's cyclical history can't be awesome all the time :)

Gingerale: Your welcome keep an eye out for my specific area reports coming very soon

Mar 13, 2008 10:19 AM #4
Rainer
78,784
Obeoman Glade Jones
www.obeo.com - Salt Lake City, UT

 

Greg,

Overall, WI has not been hit too hard-Milwaukee is a lot better off than Vegas or Atlanta!

 

Thanks-how are you marketing your listings on line?-Click on over and take a look!

 

Steve

Mar 13, 2008 11:29 AM #5
Rainmaker
35,822
Greg Dallaire
Dallaire Realty - Green Bay, WI
Green Bay Homes
Steven: I'm using Photo Story 3 by Microsoft to do my virtual tours/videos with audio.
Mar 13, 2008 12:10 PM #6
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
Great market update for your area. Your market is holding steady.Good luck.
Mar 16, 2008 08:55 AM #7
Rainmaker
35,822
Greg Dallaire
Dallaire Realty - Green Bay, WI
Green Bay Homes
Thanks Gita this is my first market report and I'm currently working on many more for the Green Bay area.
Mar 19, 2008 02:21 PM #8
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Rainmaker
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Greg Dallaire

Green Bay Homes
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