Vilas County Sell Price vs. Fair Market Value 2014

Vilas FMV 2014
I get a lot of questions from sellers about what their property is worth. Often time the Fair Market Value (FMV) is a good estimate. Every year I take a look at sales prices in each township and compare them to the FMV as put forth by each town’s assessor. I break them down by on water and off water properties.

Most of the towns end up between 85% and 95%. The Town of Winchester had one very large off-water sale ($9M) that skewed the data. The town of Land O’ Lakes off-water looks very poor. There were not a lot of sales that were included and two of the sales were distress sales that really skewed the numbers.

The closer you are to 1.00, the more accurate the assessment. The most accurate assessments appear in the Town of Lincoln. The lowest assessed values were in Land O’ Lakes and the highest were in Winchester.

We will look at the Oneida County numbers in the next few weeks. In the meantime, Happy Winter!

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About northwoodsdeals

Jim Mulleady is the Broker for Coldwell Banker Mulleady REALTORS located in Eagle River, WI. Jim has a BS in Industrial Technology from UW Stout and an MBA - Marketing from DePaul University. Jim has over 20 years of marketing and sales experience.
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One Response to Vilas County Sell Price vs. Fair Market Value 2014

  1. krumhorn says:

    Your regular evaluation of real estate sales in Oneida and Vilas is very interesting and valuable. It appears that the x axis on your February 18, 2015 chart is mislabeled. Shouldn’t those be Vilas County townships?

    Thanks for all your work.

    – Krumhorn

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