A solid June polished off what has to be labeled a highly positive 6 months for the real estate industry in the Door-Kewaunee market place.
Here are the vitals for residential inland properties:
|2016||2017||% of change|
|Number of Sales||154||215||+40%|
|Days on the Market||248||223||+10%|
For all properties recorded in the MLS, we find that there were a total of 427 sales for the first 6 months of 2017. This compared to 389 sales in 2016. That’s a 10% increase.
Median price for all properties checked in with an 11% increase moving from $139,225 in 2016 to $154,000 here in 2017.
This information shows us that inland residential housing did the bulk of the work in accounting for the solid sales and median price increases for our market. In 2016 residential inland home sales accounted for 41% of the overall activity in our MLS. The second strongest contributor to sales was residential condominiums at 13%.
Inland residential for the first 6 months of 2017 was 50% of all sales recorded in the MLS.
As always, ERA Starr Realty prides itself in keeping current with all that is going on in Door and Kewaunee Counties regarding real estate. We continue to lead the MLS in properties listed and sold as we have for the last decade+. For answers to any and all your real estate questions, give us a call…we are “Always There For You”!