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STATUS REPORT - DOOR COUNTY REAL ESTATE

By
Real Estate Broker/Owner with Wilson-Shaffer Real Estate

October 24th, 2008

This may be the best news you hear today.  Sellers of real estate in northern Door County-the areas from Sevastopol, Egg Harbor all the way north to the top of the peninsula-have received an average of 93% of their asking prices for the properties sold since June 1st.  That is very good compared to much of the country!  While it is also true that the number of sales has fallen since last year, it is encouraging that many properties are still selling and that sales are not limited to any one type of property. 

Instead of looking for desperate sellers and bargains, buyers should be glad that values are holding in Door County.  Buyers can still buy their dream vacation property and be confident they are also making a good investment.  Also, on the up side, since sales have slowed down, there is a large selection of properties for sale which means it is more likely buyers will be able to find just the right property for them.

Another silver lining in the clouds!

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