Minocqua Area Home Sales by Price Range 2015 – 2017

Sales by Price Range

We are drying out!  It has been a soggy start to summer but things are returning to beautiful!  Everyone should come up to the Beautiful Northwoods!

Sales have been encouraging thus far in 2017.  Sales have been a bit uneven though.  Some markets are doing much better than others.  On-water has been a bit stronger than off-water.  The Minocqua, Eagle River and Three Lakes Chains have been red hot.  The off-chain lakes have been more sluggish.  The gap between on chain and off chain is increasing.  There are some real bargains on some very high quality lakes

The chart above shows the sales by price range for the first 6 months of years 2015, 2016 and 2017.  The lower number in the Under $100K is clearly the result of low inventory.  There are some stronger numbers in the $300K and $400K ranges.  The concerning number is the lack of strength in the $500K and up ranges.  It is still soft in the higher ranges and there is an excess of supply.

Off-water homes are doing well in spots.  New construction to $230K has been strong.  Existing homes have not been strong in that range.  We are seeing strength in the sub $200K range on better quality inventory.

Advertisements

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.
This entry was posted in Uncategorized and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s