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Vilas County Housing Sales Statistics

The Wisconsin Realtor’s Association has published March and 1st Quarter 2012 housing sales data and Vilas County reflects some amazing growth trends!  While prices are remaining relatively flat over the last three months, we are seeing a substantial bump in number of sales.  Vilas County has had more sales in the first quarter of 2012 than ANY 1st quarter in the last 7 years!

Number of Home Sales

	Q1	Q2	Q3	Q4	YTD
2005	9	16	124	133	282
2006	60	130	144	115	449
2007	68	131	174	104	477
2008	44	84	93	82	303
2009	38	76	92	105	311
2010	47	113	109	101	370
2011	64	86	127	124	401
2012	82	n/a	n/a	n/a	82

Median Price

	Q1	Q2	Q3	Q4	YTD
2005	$200,500	$169,250	$227,500	$264,500	$244,000
2006	$177,500	$219,000	$236,000	$200,000	$210,000
2007	$225,000	$210,000	$209,950	$193,750	$210,000
2008	$176,500	$159,000	$170,000	$212,825	$174,500
2009	$240,000	$149,950	$178,500	$192,000	$178,000
2010	$195,000	$155,000	$218,000	$210,000	$189,500
2011	$145,500	$164,000	$188,000	$176,975	$175,000
2012	$149,000	n/a	n/a	n/a	$149,000

WRA Note: Data is updated daily on the WRA website; thus will not reflect the same numbers reported in WRA press releases.

Sold dollar volume is also growing substantially — The Greater Northwoods MLS data reflects roughly a 30% increase over 1st quarter 2011.

We at Eliason Realty of the North, Inc. are also seeing a strong upward trend in sales activity.  We are noticing buyer confidence improving with thoughts that we have reached the bottom and have nowhere to move now but up.

If you have been watching the market and thinking about making a move, now may be the time!  Mortgage rates are still at all-time lows making any real estate  purchase that much less costly in terms of your monthly cost to own.

We encourage you to get in touch with one of our seasoned real estate agents and explore the Northwoods marketplace this spring.

Meet Eliason Realty’s Eagle River and St Germain sales agents:

Eagle River Real Estate Sales Team: John Ariola, Keith DeVos, Denise Goldsworthy, Brian Hotmar, Bob Merz, John & Diane Misina, Brenda Schmidt, Debbie VanCaster, Norm Warner

St Germain Real Estate Sales Team: Ted Gregg, Bernie Kazda, Tim Kruse & Richelle Eliason Kruse, Rick Lovdal, Chris Nickolaou

Eliason Realty to Welcome New Neighbors at its Eagle River Location

For more information contact:

John Misina, Managing Broker
Eliason Realty of the North, Inc.
(715) 479-4431  |  cell 715-891-0045
john@eliasonrealty.com

November 15, 2011

FOR IMMEDIATE RELEASE

Eliason Realty to Welcome New Neighbors at its Eagle River Location
Renovations Underway with the Tenant Improvements

EAGLE RIVER, WIS., -  Two new tenants are coming soon to the Eliason Realty Building in Eagle River.  Renovations are taking place now to redesign space on the west side of the building for a new State of Wisconsin Department of Motor Vehicles office.  The southern space formerly occupied by Draeger Chiropractic will soon be utilized by the Vilas County Health Department.

Building owner and landlord, Glenn Schiffmann of Cornerstone Builders, reports that the new local DMV office will be ready to open its doors on December 1 to serve the local community at this new convenient location on 302 West Pine Street.  The Vilas County Board has approved space within the Eliason Realty Building for its Vilas County Health Department relocation and is preparing the space now for its move.

Eliason Realty of the North, Inc. will continue to occupy 75% of its existing space, efficiently reorganized to accommodate all our realty agents and support staff with an extended lease agreement that ensures longevity for our company in the Eagle River real estate brokerage market.  We are positioning ourselves with stability and strength as we enter into our 50^th year in the local real estate brokerage business.

Please stop in during December to help us welcome our new neighbors!

###

Related links, follow-up information:

DOT Expanding Service throughout state:  http://www.dot.wisconsin.gov/opencms/export/nr/modules/news/news_2839.html_786229440.html

Agenda for Nov 8, 2011 County Board Meeting to approve the new Public Health Department lease:
http://www.co.vilas.wi.us/agenda/nov11.html

Welcome to Eliason Realty’s Blog

Welcome to the Eliason Realty of the North Blog. It is our hope that you will find our Eliason Realty web site and this section to be your best resource for all of your Real Estate needs in the Northwoods. In this section we will from time to time update you on some of the statistics on the market, our opinions on the market direction, and/or just let you know what is going on in the Northwoods. Please feel free to provide your feedback on the information we are providing or let us know what you would be interested in seeing on this page.

 

Thank You,

 

Tim Kruse

Eliason Realty of the North

 

Here are some interesting housing statistics provided by the Wisconsin Realtors Association.

 

 

Vilas County- Number of Home Sales

                 Q1     Q2     Q3     Q4     YTD

2006-     131    233     269     209     842

2005-     143     255     345     244     987

2004-     71     147       199     142     559

2003-     71     140      203     138     528

 

 

Oneida County- Number of Home Sales

                 Q1      Q2      Q3      Q4     YTD

2006-     165     301     329     271     1066

2005-     198     348     448     243     1237

2004 -    106     212     273     187      778

2003-     89       161     270     182      679

 

 

Why we endure the cold…

This picture helps us northerners remember why we endure the cold of winter. Sitting outside on warm summer nights watching the sun set over the lake, what a wonderful site. Right now it is sunny, but below zero out. Yesterday we received about 3 inches of snow, yay! The snow was much needed because the World Championship Snowmobile Races take place this weekend in Eagle River. Hopefully it will warm up a bit for all the race fans.