Eagle River Area Home Sales April 2016

Some mixed results in the April end of month report.  80 homes were sold in April.  This exactly the same number as were sold in March.  It is also precisely the same number that was sold in April of 2015.  So, we are flat with last month and flat with last year.  I have never…

Read More

Eagle River Home Sales – March 2016

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…

Read More

Oneida County FMV vs. Sales Price 2015

I am late with my mid-month newsletter.  Since the snow is now gone, I went to Arizona to watch some baseball.  I am sorry to say that it appears to be a dismal season for the Brewers.   That is another subject.   This time it is Oneida County’s turn to look at the sales price…

Read More

Vilas County Sales vs. Fair Market Value

We are looking at Vilas County and the Sales Price/Fair Market Value (FMV) ratio.  This is interesting as the FMV is supposed to be near the value.  Each town has their own assessor so it has a tendency to vary.   The most accurate assessor appears to be in the Town of St. Germain.  The…

Read More

Eagle River Home Sales – January 2016

January 2016 is in the books and it is not unlike other Januarys. 69 homes were sold in the month (red line). This compares with 76 in December 0f 2015 (down 9.2%) and 49 in January of 2015 (up 40.8%). January is not a hot month for temperatures or home sales. In 2012 only 42…

Read More

Eagle River Average Home Values December 2015

2 weeks ago, we looked at the year-end numbers and we had good news to report.  We were up 18.3% in volume in Oneida and Vilas Counties in 2015.  So that is great news!  It is the first year we sold more than 1200 units since 2005.   Above is our first look at the…

Read More

Eagle River Home Sales November 2015

The month of November continues the strong streak for home sales in Vilas and Oneida Counties.  The red line above shows the number of homes sold.  The blue line shows the number of homes listed.  A drop in home sales is typical for this time of year so home sales did drop from 149 units…

Read More

Eagle River Average Home Values November 2015

Mixed news on the average price front.  While we are quite pleased with the 16% increase in unit sales, a closer look at the average price is a cause for concern.  The chart above breaks down average price by on-water and off-water and then by county here in the Northwoods.  The trend in both Oneida…

Read More

Eagle River Home Sales – October 2015

The month of October was strong for home sales in Vilas and Oneida Counties. The red line above shows the number of homes sold. The blue line shows the number of homes listed. 149 homes were sold and that compares with 142 (up 4.9%) in September, 2015 and 139 in October of 2014 (up 7.1%).…

Read More