DOOR COUNTY MARKET CONDITIONS UPDATE
So far this year, Door County’s Northern Door real estate market is showing a slight decline compared to last year. As I look at the sales statistics for the period of January 1 through March 17, there were 38 closed sales reported to the Door County Multiple Listing Service in 2010 and 28 closed sales reported this year. On a whole, the number of reported sales is less than last year, however, inland home sales are nearly double; 7 in 2011 vs. 13 reported this year. The stats also indicate the list price to sale price ratio is up slightly for inland homes. Last year, during these first three months, the sales reported were at 89.96% of list price. This year, the ratio is up to 91.73%. This does not mean the values are up, it merely indicates that the listing prices are closer to what Buyers are willing to pay.
I will be updating my market stats after the first quarter stats are in. Watch early April for the updated report on my web site.
As you know, I LOVE TALKING REAL ESTATE…So if you ever have questions about Door County’s real estate market, do not hesitate to call me.
