The Door-Kewaunee real estate markets just seem to keep moving in a solidly positive direction……stronger sales, increasing median prices, and an overall positive market trend. With the memory still there from the 2008 housing bubble burst, there is always some caution in looking at all the positive news.
August brought the highest number of sales in the last 5 years. With 112 sales producing $23.7 million in production, we find both numbers substantially higher than the last 5 years for August.
Number of sales jumped from 92 last year for a solid 21% increase. $23.7 million in production exceeds the $19.4 million produced in August of 2014 by 22% and exceeded last year’s $17.5 million of production. That’s a 35% increase!!
Now, everybody’s favorite……..Median Price. Here we continue a gradual improvement, moving from $151,000 last year in August to $155,000 this year for a rather steady increase of 2.7%.
However, in looking at year-to-date median price numbers, we find a rather solid increase this year compared to the previous 4 years. Going back to 2013, here are the year to date median price numbers (January 1 through August 31):
Here we see the YTD median price numbers through August showing a very solid 13% increase over last year and a 7% jump over the next strongest year (2015).
Monitoring median price and all other market conditions is part of the service we offer all our customers and clients here at ERA Starr Realty. We have been doing it since 1954! With 29 agents, we offer the experience and enthusiasm necessary to provide the quality service our profession demands. We are: “ALWAYS THERE FOR YOU”!