With the first half of 2018 in the books, we are encouraged to see a strong continuation of the upsurge of the real estate markets in Door and Kewaunee Counties. Since 2014 the markets have shown solid improvement through the first 6 months of each year.
Here’s the proof with the 6 month numbers for the last 5 years:
| YEAR | NO. OF SALES | MEDIAN PRICE |
| 2018 | 438 | $157,500 |
| 2017 | 433 | $154,000 |
| 2016 | 389 | $139,225 |
| 2015 | 382 | $140,500 |
| 2014 | 351 | $124,000 |
Of note is the steady increase in the number of sales and the rather dramatic increase in median price comparing 2014 to 2018. The movement from $124,000 in 2014 to $157,500 this year amounts to a 27% increase over those 5 years.
Number of sales also shows a very solid increase moving from 351 in 2014 to 438 thus far this year…that’s a 25% increase.
All the above numbers include all the property categories listed in the MLS (residential, commercial, condos, vacant land, hotel-condo, etc.) Most real estate statistics quoted in various publications deal only with residential homes.
My August newsletter will get specific with information on residential home sales, differentiating between Northern Door, Sturgeon Bay area, and Kewaunee County. Sales activity and median prices will be addressed.
Here at ERA Starr Realty we make every effort to keep on top of the real estate markets in Door and Kewaunee Counties. We feel it is our obligation to keep informed so we can offer the very best service to our customers and clients.
We are “ALWAYS THERE FOR YOU”!
