Julie Sells Dreams in Wisconsin's beautiful Northwood's: January 2013

Northern Wisconsin real estate information for Buyers and Sellers looking to make their dreams come true!!

Year End Statistics for the Northern WI Counties of Vilas and Oneida!

Year End Statistics for the Northern WI Counties of Vilas and Oneida and the surrounding Eagle River Wi area!

 

 

This is the time of year we can take a moment to look back and see how 2012 did in comparison to the years before!

I LOVE this stuff and over the next few weeks/months I will probably break down many different segments of theEAGLE RIVER WI real estate market servicing Vilas and Oneida Counties and the surrounding areas including: St Germain WI, Three Lakes WI, Sugar Camp WI, Conover WI, Land O Lakes WI, and Phelps WI.  I love dissecting what changes we saw so we can look forward as to what trends might be coming our way!

Please let me know if there is any particular market segment you want additional information on and I will be happy to work on it! 

Now for some Numbers about the Vilas and Oneida County markets in beautiful Northern WI!

 

Overall the Greater Northwoods MLS saw an increase this year in BOTH sales volume AND unit sales total! Good News!

  • 2012 the MLS overall sold $389,121,624 
  • 2011 the MLS overall sold $304,440,375.
This is an increase of roughly 25+% and units sales were up as well about 400 additional units sold this year MLS wide.
 
Now let's break that down to Oneida County and Vilas County WI
 
Let's look at 2011 First so we can see where we were at last year:
  • Total Sales in Oneida and Vilas County in 2011 were about $194,067,214  Total Units in 2011 were 1118  and the average sales price was $173,584. This is EVERYTHING no breakdown but everything non commercial sold in 2011.
 
Let's compare that now to what we saw in the Northern WI real estate market in 2012:
  • Total Sales in Oneida and Vilas County in 2012 were about $256,855,323  Total Units in 2012 were 1422  and the average sales price was $180,629.. This is EVERYTHING no breakdown but everything non commercial sold in 2012
So - the good news is that VOLUME was up and UNITS were up!   Volume was not an overall big gain but I look at any increase as positive!
 
Now I want to look a t those counties separately:
  • In Vilas County WI in 2012 : 470 home type units sold ( homes, Condo's, town homes, duplexes...) for an average sales price of $230,677. VERSUS in 2011 where Vilas county sold 402 of those same units with an average sales price of $221,143. So Units here were up and Price was up.
  • In Oneida County WI in 2012 : 604 home type units sold ( homes, Condo's, town homes, duplexes...) for an average sales price of $190,754. VERSUS in 2011 where Oneida county sold 422 of those same units with an average sales price of $190,164. So Units here were up and Price was up too in this market segment as well!
If we look at vacant land we ALSO see signs of improvement:
  • In Vilas County WI in 2012 : 158 vacant land units sold for an average sales price of $99,972. VERSUS in 2011 where Vilas county sold 106 of those same units with an average sales price of $59,289. 
  • In Oneida County WI in 2012 : 180 vacant land units sold for an average sales price of $86,211. VERSUS in 2011 where Oneida county sold 136 of those same units with an average sales price of $76,973.
         
I also like to look directly at my neighbourhood so to speak which I consider to be the larger EAGLE RIVER WI areas of St Germain, Three Lakes, Sugar Camp, Land O Lakes, Conover and Phelps and - again- signs of improvement:
 
  • IN this market segment total units in 2010 were 358, in 2011 they were 338 and in 2012 we saw TOTAL UNIT SALES of 426. 
  • Total VOLUME in 2010 was $60,730,902, in 2011 total VOLUME  was $64,353,868 and 2012 saw a TOTAL VOLUME of $78,046,643 which is actually about 20% of the entire MLS volume.
 
I also broke down homes versus vacant land in  this market as well and home sales were up from 270 units in 2011 to 322 units in 2012 BUT we did see a minor decrease in average sales price here. The averag sales price last year was $220,529 and this year is fell to $215,319.  Vacant Land also saw increases. We sold 68 units in 2011 with an average sales price of $70,746 and this went up to 104 sales in 2012 with an average sales price of $83,785.
 
So, overall VERY GOOD NEWS! I think the one decrease makes sense and shows that in order to clear some of our inventory homes did have to negotiate hard to sell. I think this will continue but I am pleased to see no dramatic drops or declines anywhere across the board. I will continue to analyse the market and get back to you with MORE NUMBERS and statistics as we get further into the year!  
 
As always is you have any questions about the Eagle RIver WI real estate market  or the surrounding counties of Vilas and Oneida I WOULD LOVE TO HELP! Please feel free to check out my website at: www.EagleRiverHomeFinder.com for more local information and to search homes!
 

 

Thank you so much for your time and your business. and for LISTENING!

 Happy House Hunting!!!

 Julie  Winter-Paez Broker/Owner, CRS, GRI

ReMax Property Pro's, LLC

602 Michigan St. PO Box 1058

Eagle River WI 54521

 

Comment balloon 2 comments • Julie Winter-Paez • January 12 2013 11:54AM
Year End Statistics for the Northern WI Counties of Vilas and Oneida!
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Year End Statistics for the Northern WI Counties of Vilas and Oneida and the surrounding Eagle River Wi area! This is the time of year we can take a moment to look back and see how 2012 did in comparison to the years… more