Some Predictions for the Door County Real Estate Market in 2017

By
Real Estate Agent with The Kellstrom Ray Agency, Inc. (Est. 1948)
https://activerain.com/droplet/4YBj

What will we see in the

Door County Real Estate Market in 2017?  

My Real-Time Predictions for the

Door County Real Estate Market in 2017

Door County Real Estate Market

I love statistics.  Just ask my colleagues; I'm always running charts, reports and commenting on what has changed since last year, or improved in the past two years, determining what is our average market price (our wonderful Board staff helps with that) and just generally being a walking, talking real estate statistician for Door County properties.  

 

As a real estate Broker and a Realtor, my JOB is to know our Door County real estate market.  This information helps me to be a strong listing agent.  Today I was writing a client about vacant land sales (slow, but his price is still top notch, so be patient), as well as spending some time in the copy room discussing how our third quarter was disappointing in 2016, but that our fourth quarter brought some encouragement for the end of the year statistics.  Sometimes the truth hurts.  Every week I am forced to tell someone that their home is likely not worth what they really think it is---and they can take my advice or not, but they have to respect me for knowing my numbers.

 

As such, since I am done polishing off my crystal ball for today, I'll try to make some predictions for 2017 based on what I learned in 2016 in our ever-changing Door County real estate market:

 

Door County Real Estate Map

 

1.  Sister Bay will remain strong for both housing and business sales.  Yes, all I have to do is look out the window at new construction downtown and look at how many businesses and homes I sold in Sister Bay in 2016 (a lot!), but the realism is that the Village of Sister Bay only has so much land, home and business inventory, and Sister Bay properties will remain a hot commodity in 2017.

 

2.  A strong stock market will lead to more vacant land sales and new construction starts.  Last year, 2016 , was not a great year for vacant land sales, but people DID start building on land that they were holding.  My prediction is that more people start buying our cheap vacant land for investment and future building purposes in 2017.

 

3.  Condominium sales will remain strong.  From Egg Harbor to Ellison Bay, my prediction is that the strong stock market will assist in more condominium sales than 2016, in spite of rising interest rates (but don't wait too long to buy, rates went up once and they will go up again).

 

4.  All classes of buyer, from Gen-Xers to Millennials to Boomers, will continue to search for the ultimate Door County farm for sale.  We don't have too many prime farms left in Door County, as agriculture began to leave the area in the 1980s.  Those that we have left will be valued for both acreage and outbuildings in 2017, and will remain a hot commodity.

 

5.  More people will be looking at properties this winter than at any time since the recession.  It's true.  I'm either showing or having my properties shown almost every day.  Our normal "lull" hasn't really been a lull this year.  This is great for the Sellers that have remained on market for the winter.

 

Will every prediction come true?  I think so, especially #5, because I have been showing (or having properties shown) every day this week, well past the new year, and have appointments into February already, in spite of below-zero wind chills and frigid temps.

 

NOW is the time to buy your Door County property.  Have a wonderful new year.

 

My Real-Time Predictions for the

Door County Real Estate Market in 2017

 

Chilling in a Hot Market

Winter in Door County

 

 

 

Posted by

All information is deemed reliable as of date of publication and is subject to change without notice.

 

 Thank you for reading!  MaryKay Shumway, ABR®, CRS®, Realtor® loves to laugh and enjoys working with people that love the Door Peninsula.  She is a full-time real estate Broker, mother of two and a senior Broker Associate at the Kellstrom-Ray Agency, Inc. in beautiful Sister Bay, Wisconsin.  She represents listings throughout the Door County Peninsula and also represents many Buyers that want to purchase the perfect property to make Door County a part of their lives.  CONTACT MARYKAY ABOUT YOUR DOOR COUNTY PROPERTY QUESTIONS TODAY.

MaryKay Shumway has a consistent multi-million dollar producer for over thirteen years.  Representing both listing clients and buyer clients full time, MaryKay is also a mother of two and active in the Door County community in the local school district, nonprofit groups and governmental affairs.  A member of the Door County Board of Realtors Honors Society from 2005-2016, the Door County Realtor of the Year 2008, a member of The Real Estate Group's Chairman's Circle in 2010-2015, and an member of the Coldwell Banker International Diamond Society for 2014 & 15.  She has served as President and Vice President of the Door County Board of Realtors  and as a member of its Advocacy Committee.  MaryKay is a top MLS producer and has held the position of top producer at The Kellstrom-Ray Agency, Inc. since 2016.

 

Contact MaryKay.  "As a multi-million dollar producer and senior associate at The Kellstrom-Ray Agency selling Door County real estate, I focus my balance on both  featured listings and representing Buyer Clients looking for the perfect Door County Property.  I turn Door County vacations into Door County traditions by helping you own your own Door County real estate, and I represent exceptional properties in all price points on the Bay of Green Bay, Lake Michigan, and all inland lakes and properties in between. Call, text or e-mail me today."

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Rainmaker
451,110
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Hi MaryKay, I like your informative report and predictions for 2017.  Wishing you much success in Door County in 2017!  John and Kat

Jan 06, 2017 06:05 PM #1
Rainmaker
2,776,660
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello MaryKay Shumway, great report and I am in agreement with most of it.  Glad to see you are over 500,000 and it is free now!!!!

Jan 07, 2017 07:08 AM #2
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

MaryKay Shumway, Door County - you are indeed an expert for The Door County! Love what your clean crystal ball has to say!

How far is Sister Bay? Maybe, a local map would make it clearer. (And I know people who live there would certainly know about it.)

You are right about winter home buying. So far, it's been mild winter for us in New England - and I already started working with few serious first time home buyers.

Jan 07, 2017 12:39 PM #3
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

By the way, Thanks a lot, MaryKay Shumway, Door County for your entry to this month's contest.

Being a numbers person myself, I know it is very important to work with someone who knows the numbers.

I am sure your clients are happy with your knowledge of the market.

Jan 07, 2017 12:41 PM #4
Rainmaker
1,407,674
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Great entry, MaryKay.

I hope too that 2017 will be good:) 

 

Jan 14, 2017 06:29 PM #5
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Rainmaker
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MaryKay Shumway

Door County Wisconsin's Real Estate Expert
BUYING or SELLING a Door County Property? Call Me Today!
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