Overall the first 6 months of 2015 for the Door-Kewaunee real estate market has to be labeled a success. Number of sales was up, sales volume was up, and median price was up. . .just like Women’s Soccer, we have a hat trick.
That’s a stretch for an analogy, but we have to celebrate when times are good.
First: Number of Sales up from 351 in 2014 to 381 this year for an increase of 9%!
Second: Volume increased from $62.3 million to $79.7 million. A huge 28% increase!
Third: Median Price followed with a 14% increase from $124,000 to $141,000.
In looking over median price for various property types, we have a mixed bag:
Residential Inland Homes overall dropped 4% in median price.
City of Sturgeon Bay Residential Homes showed a solid 15% increase.
Residential Waterfront Homes median price dropped 9%.
Vacant Land jumped a whopping 39%.
Residential Condominiums showed a solid increase of 10%.
Hotel Condominiums moved upwards by 26%.
All the numbers for property type compare year end totals for 2014 with the first 6 months of 2015, so we need the final 6 months of 2015 for a year to year analysis.
Here at ERA Starr Realty we realize the complexity of the real estate markets in Door and Kewaunee counties. We have tremendous access to information that helps guide us in establishing values and approximate marketing times for various type properties. All this helps us provide our customers and clients with information to help them make wise decisions regarding their real estate needs. ERA Starr Realty…“always there for you!”
