April 2014 Real Estate Market Status Report - Madeline Island

By
Real Estate Broker/Owner with Madeline Island Realty 50317-90

 

April 2014 Real Estate Market Status Report - Madeline Island

 

2014 has gotten off to a brisk start in the Madeline Island real estate market, with four closed sales in the first three and one-half months of the year.  This has unquestionably been our busiest winter since 2006, particularly in sales of single-family homes in the 54850 zip code.

 

Between January 31st and today (in the past eighty days) Madeline Island Realty closed over $1.1 Million in real estate transactions on the Island, with an average sale price per transaction of just under $300,000.  One of these four closed sales during the past three month was just under $700,000.

 

Telephone and email inquiries about existing homes appear to be leading the pack, with what looks like early signs of a resurgence in requests for information on vacant land.  New listings will be hitting the market within the next two weeks, but the process of acquiring and listing has been hampered somewhat by bad weather and transportation difficulties.  Once the Madeline Island Ferry Line begins its regular trip schedule, this situation should improve considerably.

 

 

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Topic:
Real Estate Market Trends
Location:
Wisconsin Ashland County La Pointe
Groups:
WaterFront Homes
Vacation and Second homes
Resort and Second Properties (RSPS)
Waterfront Agents
WATERFRONT REAL ESTATE
Tags:
madeline island realty
madeline island ferry line
54850 zip code
april 2014
real estate market status report

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Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super looking report to showcase to the local sellers and buyers today!

Apr 20, 2014 11:39 AM #1
Rainmaker
564,123
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

Thanks, Mark!  We're seeing a lot of recent interest and buyer traffic on our little Island lately.

Apr 20, 2014 12:24 PM #2
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Rainmaker
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Eric Kodner

CRS, Madeline Island Realty, LaPointe, WI 54850 -
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