November truly qualifies as a “banner” month for the Door County MLS system. With the previous couple of months pretty much mirroring 2015 production, this November displayed a rather dramatic up tick.
To be specific, we find that November 2016 is a record month for the MLS system, surpassing November in 2004 when 100 sales for $20.9 million in production was recorded.
November 2016: 110 sales good for $22.1 million in volume!!
That works out to a 10% increase in sales and a 6% jump in volume over 2004.
This strong November helped propel year-to-date transactions past last year’s strong showing. Here are the vitals: number of sales up from 873 last year to 907 here in 2016, a 4% increase. Volume still lags a bit behind at $172.6 million this year compared to $189.8 last year resulting in a 4.5% decrease.
The most important statistic to most buyers, sellers and readers is a median price comparison: 2015 median price was $148,000 vs. $145,000 this year for a decrease of just 2%.
Bottom line for this market can be described as “strong sales activity with stable values”.
As we complete this year and look back at 2015 and earlier, it’s safe to say the real estate market here in Door-Kewaunee shows two consecutive years of strong recovery from the meltdown back in the mid-late 2000’s. And the future looks bright.
Here at ERA Starr Realty we are proud to have played a significant role in November’s success. We totaled 53 transactions compared to the second strongest office with 21, along with $5.1 million in volume. Let us know if we can help with any of your real estate needs. We are….. “Always There For You!”
