There’s not much change in the first three quarter numbers for 2014 when compared to 2013 and 2012. We seem to be on a fairly even road regarding sales pace with very moderate increases in median price.
Through the first three quarters of 2014 the Door County MLS showed 575 sales compared to 579 in 2012 and 591 last year.
Median price for the MLS has increased each of the last three years: $129,900 in 2012, $137,500 last year and $140,000 this year. That’s an 8% increase over the last 2.5 years……certainly moving in the right direction.
I feel part of the reason for the slight slow down in sales pace and increase in median price can be attributed to a cleaning out of many distressed properties. The Door County real estate agency that specialized in these type properties has shown a marked decrease in number of transactions in which they have been involved.
For this year, we find that the third quarter was a kind of “good news, bad news” story. While median price for this period showed a rather robust 15% increase from $141,250 to $163,000, the number of sales dropped by almost the same percentage: 268 in 2013 vs. 224 this year.
Needless to say, the economy is still somewhat unsettled. With the election right around the corner, perhaps we will see some improvement down the line. We have experienced great improvement from the 2007 to 2010 desperate days in real estate but work still needs to be done. Mortgage rates remain great but the job situation is still very uncertain, and qualifying for a loan is a difficult task for most home buyers.
Here at ERA Starr Realty we are proud to have helped more people with their real estate needs than any other MLS office. Actually, MLS statistics depicts ERA Starr Realty with 190 transactions compared to the second most active agency with 95 transactions….double the production for the first three quarters of 2014.
Call one of our agents! We are “Always There for You!”
Until next month,
Dennis J. Starr
2355 Michigan Street in Sturgeon Bay – First Time Offered – Superior 4 bedroom, 2.5 bath home on 21.48 acres with fantastic country views. This 3,497 sq ft home is superior in every aspect and uncompromised in quality. Some features include a large kitchen with island, spacious dining area and French patio doors leading to a large deck that overlooks the grounds. Large living room offers a cozy wood burning fireplace. Office area off of living room. Laundry room, mud room and a den which could be formal dining room. Vaulted ceilings, skylights, central air, walk-in closets and whirlpool tub. Easy access to Crossroads at Big Creek with all the privacy you will love. Professionally landscaped yard with mature trees. Attached 2 car garage plus a 40 x 100 outbuilding with heated workshop area. Property has city conveniences with country charm. Listing agent is Lois Mickelson at (920) 493-2075 (cell) or email@example.com. Contact Lois today for your private viewing of this showplace! List Price $550,000
Spending time in Ephraim this weekend? Stop by our open house on Saturday from 11:30 am to 1:00 pm at 2854 Shannon Lane in Ephraim. Property can be used for home/business as it is zoned commercial and has been used as a single family residence and a B&B with retail shop. Three bedrooms, 2 baths with 2,350 sq ft of living area and 400 sq ft of business space. Located on 1.57 acres with lovely gardens, partially fenced yard, nicely treed. Attached 2 car garage. Hosted by Jan Campbell, 920-495-9266 or firstname.lastname@example.org. (MLS 124871)
Visit our open house this weekend at 7059 Bay Shore Drive in Egg Harbor. Pristine 3 bedroom, 3 bath waterfront home features knotty pine interior, beamed cathedral ceiling in living room, kitchen with granite counters, stainless steel appliances and large island with seating for 6 or more. Open loft area works great for office space, lower level family room allows for a quiet getaway room. Detached 2 car garage, patio and walkway to the 100 feet of shorefront. Saturday, October 4th from 9:00 – 1:00. Hosted by Di and Terry Wagner at 920-660-6372 or email@example.com. (MLS #125313)
Door County Multiple Listing System
After the very cruel winter we survived, it appears that the real estate markets in Door and Kewaunee Counties have gotten back on pace. In fact it is remarkable how close all the vital statistics match up with 2013.
August real estate sales show a mild decrease in the number of sales from 97 in 2013 to 89 this year. That’s an 8% decrease. Volume increased over this same period from $19.0 million to $19.3 million, up 2%.
With that decrease in number of sales and increase in volume we have a rather substantial increase in median price for the month of August: $132,500 in 2013 compared to $170,000 this year.
Looking year to date, January through August we find a much more moderate increase in median price. 2013 checks in at $134,900 compared to this year’s median price at $137,500. That’s a 2% increase.
Year to date numbers for sales volume and number of sales are basically unchanged from 2013: 505 sales in 2013 compared to 506 this year, and volume was down from $94.8 million in 2013 to $93.9 million this year.
Perhaps we are experiencing the “new normal” we keep hearing about.
ERA Starr Realty continues to be the top producing office in the MLS. Our 166 transactions for the Sturgeon Bay office tops the second place office with their 87 transactions, giving us a 16.40% market share compared to 8.6% for the second place office.
We here at ERA Starr Realty pride ourselves in market awareness. We are constantly monitoring market activity so we can keep our customers and clients informed as changes occur. Call one of our associates if you have any questions about market conditions in Door or Kewaunee Counties. ERA Starr Realty… “Always there for you!”
Door County Fish Boils
Nestled between the Bay and Lake Michigan lies Door County, home of the “fish boil”. If you’re looking for the best fish boils in Door County, Wisconsin, we’ve got some of the best spots!
While you’re here searching for a new home, take a break and check out some of these delicious stops:
Door County Fish Boils : A local tradition (taken from DoorCounty.com)
What is it about the Door County Fish Boil that makes food writers, travel columnists, visitors, and locals sing its praises? Maybe it’s the main ingredients – steaks of mild whitefish, fresh from the local waters. Perhaps it’s the fiery spectacle of the “boil over” that signals it’s time to eat. One fact everyone seems to agree on – the end result is delicious.
You’ll find the authentic Door County Fish Boil served at restaurants throughout the county. Reservations are strongly recommended.
The Log Den
6626 State Hwy. 42 – Egg Harbor
Jun-Oct: Fridays at 6:00pm
Mill Food & Spirits
Hwy 42/57 – North Sturgeon Bay
Mid June-Mid Oct: Tues & Thu 6pm
Old Post Office Restaurant
10040 Water St. Hwy 42 – Ephraim
Mid-May-Oct: Mon-Sat – Call for times and reservations
Sunday boil on holiday weekends.
4199 Main St – Fish Creek
May-Oct: Nightly starting at 5pm.
Boil over every 30 minutes until close.
Rowleys Bay Restaurant
1041 Cty. Rd. ZZ – Ellison Bay
Memorial Day weekend-Mid-Oct: Mon, Wed, Fri & Sat at 5pm with historical re-enactment of Peter Rowley starting at 4:30pm. Reservations suggested. Group boils welcomed by reservation. All you can eat buffet with many choices.
19 Green Bay Rd – Sturgeon Bay
Mid June-Oct: Fri & Sat 6:30pm
The Viking Grill
12029 Hwy 42 – Ellison Bay
Mid May-October: Daily at 4:30
3662 N. Duluth Ave – Sturgeon Bay
June-Mid Oct: Thu, Sat & Sun 5:30 & 7:30
White Gull Inn
4225 Main St – Fish Creek
May-Labor Day: Wed & Fri-Sun 5:45, 7 & 8:15pm
Sept & Oct: Wed & Sun 5:15, 6:30, 7:45 Fri & Sat 5:45, 7 & 8:15pm.
Nov-April: Friday (call for times).
Fish boils held year round.
Harbor Fish Market & Grille
Hwy 57 – Baileys Harbor
Year round: Wed, Fri – Sun 5-10pm
DoorCounty.com 1015 Green
A home with a view!!! Join us for an open house on Saturday, August 16th from 11:30 to 1:00 p.m. at 6209 Bluff Ledge Road. Scandinavian designed 2 bedroom, 2 bath hand crafted log home with exceptional westerly Bay waterviews. Features include dramatic cathedral knotty pine ceiling in living room with floor-to-ceiling fireplace, log interior walls on main floor, oak and Mexican tile floors, wood carvings, ash kitchen cabinetry and open staircase leading to second floor loft area. A 900 sq ft guest suite above the 3 car detached garage and expansive deck across the home overlooking the bay. Your hostess is Jan Campbell at 920-495-9266 or firstname.lastname@example.org. (MLS #124891)
Waterfront Home in Baileys Harbor – Heading to Cherry Fest this weekend in Door County? Make this open house one of your stops! You’re invited to our open house on Saturday, August 2nd from 12:30 – 2:30 at 7869 Frogtown Road in Baileys Harbor. Wonderful 3 bedroom, 2 bath home features 2,106 sq ft of living space, sleeping loft, large kitchen with some updates, oak flooring on main level, gas log fireplace, walk-in attic, plenty of storage space plus a guest suite. Attached 2 car garage. Beautiful gardens and 200 feet of Lake Michigan shorefront to enjoy . Your host is Gale Zahn at 920-493-1277 or email@example.com.