If you are looking for an affordable vacation trying renting a vacation home versus staying in a hotel. Not only do you get more room (the average square feet in a hotel room is 300!) you can save money by eating in and taking advantage of amenities the home has to offer. It is just like owning the home without the worry! Check out this website for vacation homes in Hayward and Birchwood Wisconsin.
http://www.escape2ourcabins.com
Saturday, June 13, 2009
How's The Market?
Wisconsin Home Sales and Prices Fell in the first quarter of 2009.
For the northern part of Wisconsin the median home price fell from $102,200 in 2008 to $96,000 in 2009 representing a 6.1% decline. Existing home sales fell 24% in the first quarter compared to the first quarter of 2009, from 651 to 495. Some of this decline results from price discounting by sellers in this soft market and the reality that less expensive homes have been moving more briskly than upper end homes, thereby creating a lower median price.
Below is a snapshot of the market in 7 northern WI counties for the month of May 2009 compared to May 2008.
Ashland/Bayfield
2009 Median Sold Price $65,000 Total Sold 4 DOM 200
2008 Median Sold Price $159,000 Total Sold 10 DOM 172
Changes - 59% decrease in Median Sold Price
60% decrease in Total Sold
Barron
2009 Median Sold Price $107,750 Total Sold 36 DOM 159
2008 Median Sold Price $105,000 Total Sold 45 DOM 133
Changes - 3% increase in Median Sold Price
20% decrease in Total Sold
Burnett
2009 Median Sold Price $116,500 Total Sold 27 DOM 184
2008 Median Sold Price $155,000 Total Sold 31 DOM 195
Changes - 25% decrease in Median Sold Price
13% decrease in Total Sold
Rusk
2009 Median Sold Price $63,000 Total Sold 6 DOM 53
2008 Median Sold Price $52,400 Total Sold 8 DOM 85
Changes - 20% increase in Median Sold Price
25% decrease in Total Sold
Sawyer
2009 Median Sold Price $140,000 Total Sold 19 DOM 247
2008 Median Sold Price $200,000 Total Sold 23 DOM 176
Changes - 30% decrease in Median Sold
17% increase in Total Sold
Washburn
2009 Median Sold Price $124,000 Total Sold 21 DOM 112
2008 Median Sold Price $132,500 Total Sold 18 DOM 124
Changes - 6% decrease in Median Sold Price
17% increase in Total Sold
**Information provided by NW WI MLS is compiled from 3rd party sources. Sale price does not reflect seller concessions. Stats include single family, condo and manufactured homes and may not include all properties sold.
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