Door County Real Estate Market Update August 2023

By
Real Estate Agent with The Kellstrom Ray Agency, Inc. (Est. 1948)

Door County Real Estate Market Update August 2023

As we near the end of August, 2023, the Door County real estate market continues the pattern that it has shown since 2021.

Homes and condominiums under $500,000 are receiving the most interest, but they are a very scarce commodity, and many of them are going under contract with multiple Offers.

Heartland acreage (under Door County Zoning) is still averaging roughly $25,000 per acre, but smaller lots are seeing higher prices per acre because they generally have different zoning classifications.  There is very little vacant acreage for sale at all in northern Door County as of this writing (and vacant land is also scarce in Sturgeon Bay and south of Sturgeon Bay).  

Waterfront properties under $3,000,000 remain highly desirable.  There are very few waterfront properties available under $1,000,000 as of this writing.  Those properties tend to get multiple Offers and go under contract quickly.  

Inventory remains tight in all areas of the Door Peninsula, although the Village of Sister Bay, Village of Egg Harbor and Town of Liberty Grove have had more property releases in recent weeks.  Ephraim and Fish Creek have had limited inventory for most of 2023 and remain that way as of this writing.  

However, for the avid househunter, the thrill of finding the perfect Door County property remains intact.  We are seeing more properties coming on market than earlier this year and we expect this trend to continue throughout the remaining months of 2023.  So don't give up hope on that Door County property search! 

We'd be delighted to help you find the perfect Door County home, condominium or vacant parcel for building.  We can also assist in helping you find a local lender that is uniquely familiar with the Door County real estate market to help expedite any financing needs.

For a list of our current inventory and all updated Door County Multiple Listing service listings, please visit our site at www.moredoorcounty.com today.

Door County Homes for Sale 8/2023

Door County Real Estate Market Update August 2023

Search the Door County MLS here

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

 

Thank you for reading this Door County real estate blog!  MaryKay Shumway, ABR®, CRS®, Realtor® loves to laugh and her passion is working with people that love the Door Peninsula.  She is a full-time real estate Broker, a mother and a stepmother, loves dogs and serves as a senior Broker Associate at the Kellstrom-Ray Agency, Inc. in beautiful Sister Bay, Wisconsin.  MaryKay represents listings throughout the Door County peninsula and also represents many Buyers annually 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 been an extremely consistent multi-million dollar MLS producer for over twenty years, as well as the top producing broker for The Kellstrom-Ray Agency, Inc. since she joined the firm in late 2015.  Representing both listing clients and buyer clients and cusomters full time, MaryKay is extremely active in the Door County community with nonprofit groups, the Door County Board of Realtors and in local governmental affairs.  A member of the Door County Board of Realtors Honors Society from 2005-2021 and now recipient of Excellence in Professionalism honors since 2022, she is a former Door County Realtor of the Year, a former member of The Real Estate Group's Chairman's Circle from 2010-2015, and a former member of the Coldwell Banker International Diamond Society for 2014 & 15.  She has served as President and President-Elect of the Door County Board of Realtors.  MaryKay is a top MLS producer and has held the position of top producer at The Kellstrom-Ray Agency, Inc. since 2016.

Contact MaryKay today.  "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 in Door County 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. Local experience with GLOBAL connections.  Call, text or e-mail me today."

Comments (2)

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Even at the higher numbers Door County is selling well. At least some people are not waiting for a finished home and seem to be opting to find land and build.

Aug 25, 2023 12:23 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, MaryKay... I was gob-smacked to read that you have more new listings coming on market than earlier this year. We've seen nothing but a downward trend and in July had the first decline in months supply of inventory in almost a year.

Aug 26, 2023 05:43 AM
MaryKay Shumway

Nina Hollander, Broker , unfortunately (or not) for our market, it is all homes that sold from 2019-2022 of people that have decided either living hear or doing STR here isn't for them---also making pricing difficult, as our prices are still high, but most properties have had few improvements and/or not enough time to really appreciate.  We face a challenging autumn.  

Aug 26, 2023 06:29 AM
Nina Hollander, Broker

MaryKay Shumway hi MaryKay... that is a very interesting situation. It will be interesting to see how it works itself out over time.

Aug 26, 2023 07:05 AM