My monthly look at sales volume is a bit late this month. That is a good thing as it has gotten very busy here in the Northwoods! Summer activities are in full swing and the woods and water are filled with people.
Some good news on the sales front as well. 116 homes were sold in June and that is the highest number of homes since October of 2013. Volume was up 41% from May of 2014 and up 19% from June of 2013. The highest priced home was sold on Lake Tomahawk for $1.3M while the lowest priced home was a Rhinelander bargain for $22K. 29 homes sold for under $100K, 52 homes sold for between $100K and $200K, 19 homes between $200K and $300K, 12 homes between $300K and $400K, 3 homes between $400K and $600K and 4 homes from $600K and up. So we would like to see more of the premium priced homes sold but any increase in Buyer traffic is welcomed.
The red line above represents the number of homes sold while the blue line represents the homes listed.
The weather is spectacular. Come to the Northwoods and enjoy it!!