“The Beat Goes On” defines the real estate markets in Door and Kewaunee Counties here in 2021. My apologies to Cher, but I am running out of descriptive ways to depict real estate in times like these. I’ve spent 50+ years in the Door-Kewaunee County real estate business through really good times and really bad times. The last 10 years display just how volatile this market has been.
Median price for inland residential homes is a measure most indicative of the strength of any real estate market. January – May is a 5 month term that tells us a lot. Here are the five month median price values for the 10 years from 2012 thru 2021:
- 2012 $122,750
- 2013 $136,000
- 2014 $131,850
- 2015 $135,000
- 2016 $137,000
- 2017 $156,900
- 2018 $191,000
- 2019 $165,950
- 2020 $205,000
- 2021 $240,000
Ten years is used to give us a quick glance of values as we were coming out of a depressed housing period following the collapse of the real estate market in 2008. This contrasts the exceptionally strong housing market of today where the powers of supply and demand are far out of whack: tremendous demand and a very limited supply.
Over these ten years we see median price increase just over 100%. Just in the last 2 years values have increased 17%. We also see a very stable market in the 4 years running from 2013 to 2016.
Next month we will break down the current values with attention given to the different areas in the Door-Kewaunee County residential housing markets.
Residential inland housing remains the most active area of real estate with commercial, vacant land, residential waterfront and condominium sales comprising most other sales.
Here at ERA Starr Realty we continue to be the most active agency in the Multiple Listing Service (MLS) with more transactions than any other agency. Our agents and staff strive to provide the very best for our customers and clients. We are “ALWAYS THERE FOR YOU”.
