With the third quarter of 2017 in the books, it’s time to review the residential housing markets in Door and Kewaunee Counties.
In my 49 years of full time involvement in the real estate industry here in Door and Kewaunee Counties, I have been through a number of significant ups and downs in this business. I am greatly encouraged with the current climate and do not expect any slow down in the near future. With that said, let’s look at the numbers for residential inland home sales for the first three quarters of the year:
Baileys Harbor-Liberty Grove-Ephraim-Sister Bay-Gibraltar
|Number of Homes Sold||69||119|
Sevastopol-Sturgeon Bay-Southern Door
|Number of Homes Sold||138||144|
|Number of Homes Sold||60||60|
|Median Price||$ 85,100||$ 98,300|
The above chart clearly depicts a very strong market in Northern Door County. The number of sales is up 73% with an accompanying increase in median price of 13%. They are certainly having a “banner year”.
In the Sturgeon Bay area we find a 6% drop in median price while the number of sales increased just over 4%. In monitoring this market, I found a real strong demand for the more “affordable housing” sector of the market, typically homes under $150,000.
Kewaunee County experienced a nice 16% increase in median price with a very stable overall market with 60 homes sold each year for the last two years.
Here at ERA Starr Realty we are pleased to again lead the MLS in number of transactions for the first three quarters of 2017 at 258 compared to the second place agency checking in with 184. If you are buying or selling we are: Always there For YOU!
Until next month,
Dennis J. Starr
Realtor Emeritus, ERA Starr Realty