After a rather pedestrian October, it’s good to see some great numbers for November. This continues to reinforce what has been a mostly positive year for the real estate markets in the Door-Kewaunee area.
With 85 sales in November, we experienced the highest number of sales and the highest volume for any November since 2005.
The 85 sales this year compared to last year’s 75 sales is a solid 13% increase. Volume for the month was $16.7 million compared to last year where we showed $16.5 million in volume. Incidentally, these volume numbers were also the highest since 2005.
Typically, once we hit December the sales start their annual off-season swoon song. However, the first 11 months of the year were strong enough to insure an overall very successful year.
Median price of sales is always one of the most telling statistics in evaluating a market’s health. Good News Here! Median price for the MLS system for all areas and all type properties shook out at $139,950 through November. That’s an 8% increase over 2012 where the median price was $130,000.
This, of course, does not mean you can automatically assume whatever you own is now worth 8% more than it was worth last year. Certainly each individual property has to be separately evaluated and compared to similar properties in similar areas.
Here at ERA Starr Realty, we can do this for you. A careful market analysis will help you zero in on the true value of not only what you currently own, but also on any contemplated purchase. Let us help, we are “ALWAYS THERE FOR YOU”!
Until next time,
Dennis Starr
Realtor Emeritus
dennis.starr2@ERA.com
920.743.4321
