Eagle River Home Sales – March 2016

March 2016 Sales

Like the swallows coming back to Capistrano, listing and buying activity is increasing in the Northwoods.   Warmer temperatures seem to spur activity.   80 units were sold in March and that compares with 61 in March of 2015 (up 31.1%) and 54 units in February of 2016 (up 48.1%).  I can say that showing activity has been good for this time of year.

 

The number that I am following closely right now is the number of listings coming to the market.  It seems to me that we are low on listing inventory.  It may be that I am so used to a slow market that ANY shortage of inventory shocks me.   245 units were listed in March and this compares with 211 in March of 2015 (up 16.1%) and 110 units in February of 2016 (up 122%).   Year-to-date there have been 485 new listings vs 462 in 2015 (up 5.1%).

 

Why the increases?  I will attribute most of it to the mild weather.  We have had a pretty wimpy winter here.  There is not much snow on the ground.  Some of the smaller lakes have opened up already.  We have had a nasty week of weather this past week and I heard the lake groaning this morning.  No I am not the Lake Whisperer.  Lakes do talk.  That is a sign of ice expanding.  Not what I want to hear in April!   My prediction will be that most lakes here will be open before April 20 with some of the biggies opening after that.

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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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