Changing Door County Commercial Real Estate Trend
Door County's commercial real estate trend is changing. Over my 28 years selling Door County real estate, I have had the opportunity to sell 67 Door County businesses.　Over that time, the average market time for a Door County business was 1 to 3 years (according to our Door County MLS statistics covering 550 sq. miles) and there was an average of 30 to 32 business sales per year with the highest years having 41 and 47 commercial sales. Over the past couple of years, commercial sales are down to approximately 20 sales per year with an average time on market of up to 6 years.
This is vital information. If you have a commercial property that you want/need to sell, you need to be prepared. You need to price competitively to be one of the 20 sales…or you’ll be chasing the market down. Chasing the market down ultimately will net you less money than pricing realistically now.
