The Door County Multiple Listing System(MLS) has reported the end of year sales numbers for the real estate markets in Door and Kewaunee Counties.
In summary, 2014 can be summarized as a rather “ho hum” year with little change from 2013, which incidentally was not all that different than 2012. I think we can now officially call this the “new normal” for our real estate markets here in Northeast Wisconsin.
Here are the basics:
|No. of Sales||Median Price|
In next month’s issue, I will break down these numbers by area (Door and Kewaunee Counties, etc.), and property type: residential inland, residential waterfront, vacant land, condominiums, etc.
In briefly looking over these categories, I see nothing that can be called a dramatic change. Almost all changes would be called moderate and within the range of the overall change of 1% increase in median price and the 5% decrease in number of sales.
I believe the higher number of sales in 2012 and 2013 can be directly attributed to a clearing out of various distressed properties such as foreclosures, short sales, bank owned properties, etc. We believe that the majority of these type properties have been removed from the market.
ERA Starr Realty (Sturgeon Bay Office) is proud to have been involved in more transactions in the Door County MLS than any other office. We participated in 261 transactions in 2014. The second strongest office shows 139. This is at least the 10th consecutive year we have been first.
Contact one of our agents for all your real estate needs. We are “always there for you!”