The real estate market for Door-Kewaunee County just seems to keep on rolling along with no sign of letting up in the near future. October activity evidences just how vibrant this market is.
There were 112 sales in October compared to 91 last year. That’s a very robust 23% increase. Coupled with an increase in volume from $16.7 million to $29.8 million in October for the last two years, we have a rather dynamic start to the fourth quarter of 2017.
The 78% volume increase for the month resulted in the strongest overall monthly volume in the last 5 years. The second highest volume total in the last 5 years was 2015 with $22.5 million……and that’s a 32% increase.
So year to date where are the hot spots? In looking over agency production, we find that offices located in Northern Door are experiencing the greatest share of overall growth. Their number of sales has increased 27% while volume jumped just over 49%.
Those increases pushed up median price from $155,000 last year YTD to $185,000 through October of this year for a hefty bounce of 19%.
The above statistics consider Northern Door as the areas north of Jacksonport and Egg Harbor.
In reviewing the YTD stats for Southern Door (Sevastopol and South) we find that activity was actually down a bit. The number of sales was down 7% from 330 to 307 while median price dropped from $155,000 last year to $145,000 so far this year, also a 7% decrease.
Kewaunee County showed an increase in sales from 79 to 84, a jump of 6% while median price had a nice increase moving from $87,500 to $102,000 resulting in a solid increase of 17%.
ERA Starr Realty continues to lead the MLS with a total of 291 transactions YTD. The second leading office checks in with 215. This means we deal with more buyers and sellers, giving us strength in the market. Put this strength to work for you. Let us…. “Always be there for YOU!”