What Are the Busiest Months for Home Sales on Madeline Island?

By
Real Estate Broker/Owner with Madeline Island Realty 50317-90
https://activerain.com/droplet/4BvP

 

What Are the Busiest Months for Home Sales on Madeline Island?

 

Average Residential Sales by Month - Madeline Island Realty

           [Sales statistics supplied by Madeline Island Realty. Graphic prepared by Marquette Research LLC, Lakeville, MN.]

 

 

The above graph shows average residential dwelling sales by month for Madeline Island (LaPointe, Wisconsin, 54850 zip code). Data used was from calendar years 2012 through 2014 and includes only closed sales of residential properties by Madeline Island Realty. No vacant land sales or sales of commercial properties are included in this data.

 

As you can see from the graph, on average, half of our annual dwelling sales typically occur during the last four months of the calendar year.  To be even more precise, that 50% of annual home sales takes place between Mid-September and mid-December. We attribute this late-season sales activity to several factors, including weather, the availability of car ferry service between Bayfield, Wisconsin and Madeline Island, and the seasonal nature of tourism in the Apostle Islands of Lake Superior.

 

Although winter weather begins to appear by early or mid-December, the Madeline Island Ferry line usually suspends operations near the end of December or in early January. Tourist traffic often continues beyond Thanksgiving, extending into mid-December. Serious buyers often continue to visit the Island late in the year and offers in late November and early December are commonplace.

 

In January, February and March, there is usually no car ferry service, which discourages most prospective buyers from traveling to the Island at that time for property showings. By mid-April, ferry service has resumed and our showing traffic gradually begins to pick up again.  

 

May and June are the months when the owners of Madeline Island summer homes return to the Island, opening up their lake homes and cabins and undertaking spring cleaning and yard work.  "High season" dwelling rentals resume around Memorial Day and by mid-June they have increased to a level that is more typical of summer.

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
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
madeline island realty
54850 zip code
bayfield wisconsin
lapointe wisconsin
sales of residential properties by madeline island realty
apostle islands of lake superior

Spam prevention
Show All Comments
Rainmaker
3,301,138
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Eric -- this is an interesting post.  I imagine both prospective buyers and homeowners thinking of selling ask this question.  It's good to know the "why" behind the facts and you are definitely the "guy in the know" when it comes to life and real estate on Madeline Island.  

Mar 31, 2015 09:13 AM #1
Rainmaker
563,053
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

Thank you Michael.

Communities like ours are a curiosity of sorts, especially to our agent friends who sell vacation homes in warmer climates.  

In the upper midwest, a cabin on Lake Superior is a treasured possession. Up here in Minnesota, Wisconsin and surrounding states, city dwellers want a "getaway" that is driving distance from their primary home (or at least has an airport that will accomodate a private plane), and Madeline Island has become popular with vacationers from Minneapolis, Chicago, Milwaukee and other population centers in the upper midwest. 

Mar 31, 2015 09:37 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
563,053

Eric Kodner

CRS, Madeline Island Realty, LaPointe, WI 54850 -
Ask me a question about Madeline Island Real Estate
*
*
*
*
Spam prevention