Here is a look at the sell/list % for townships in Vilas County. I broke it down by on water and off water and by township. Overall, the average is 93.4%. One can see that there are differences between townships. A township like Plum Lake (75%) has very few off-water sales (8) and the few that they had sold at a discount. The neighboring township St. Germain had more sales (26) and they sold at over 98% of list. An impressive performance.
The takeaway is that most sales do sell in the area of 93% of asking price. Some sell for less; some for more. A new, interesting strategy is listing at a ridiculously low price to entice a bidding war. I did see a home listed using this strategy and it received over 17 offers.