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35-45 Acre Parcels in Southern Vilas County

Vacant Land - Posted On 05/09/2018 01:59 PM
Now to the 35-45 acre vacant land market for southern Vilas county. There are currently 21 parcels in the 35-45 acre category currently on the market. The median price for these parcels is $81197. Over the past 2 years, 24 parcels of this size have sold. That equates to a burn rate of 1 parcel per month. Therefore we currently have a 21 month inventory (1 yr  and 9 months). As you can see vacant land is not a particularly liquid portion of our inventory. The median sale price/parcel for the past 2 years was $69450 and the median list price was $79950. In other words, parcels were selling for about 87% of their list price.

Oneida County Lake Place Market MAY 2017

Market Trends - Posted On 05/05/2017 06:33 PM, Last Updated 06/01/2017 05:19 PM
296 Active Listings on Market 45 Accepted offers (13.2% this is a good number. During recession this was tytpically 7 or 8%)341 TotalMedian List Price: $299,900 The middle of the road (haha) price for a lake home was $300KMedian Sold Price: $244900 (82%)At the current rate of sales we have a 10 month supply. This is very good for us in our market.351 Units Sold in Past Year29.25 Burn Rate (Units Sold per Month)10.1 Months InventoryBottom line of all this is the market is trending upward. Good news for sellers but with interest rates rising and sellers feeling good, the buyer's market in lake places may be coming to an end.

Oneida County 8-12 Acre Offwater Parcels

Market Trends - Posted On 04/12/2017 04:33 PM, Last Updated 04/12/2017 04:36 PM

When is a Lake Place a Cottage for Financing Purposes

Financing - Posted On 05/10/2016 10:48 AM
A 2nd home is the same rate as a primary home. A 2nd home becomes a cottage when its not suitable for year round occupancy. For example, it has to be winterized because of exposed plumbing or something like that. Typically a true 3 season home is not financeable at all, but here at RVB, we do look at doing them as in house deals as we realize they do have value and people do want to buy them. This response per LeAnn Hayden at River Valley State Bank 715-358-9319

Northwoods Unit Sales and Prices Still Heading North

Costs - Posted On 03/02/2016 04:34 PM
The following is year over year January sales for Vilas, Oneida, and Lincoln counties. Unit sales were up 29% and total sale volume was up 32%. The median sale price rose 2.2%. Similar to the trends from all of last year, the unit sales are soaring while the increase in sale price continues to hibernate awaiting Spring, our sellers hope. Thanx to the Re/Max Property Pro admins for these statistics.

Want to Tour a Home in The Woods Without Leaving Your Chair in Front of the Fireplace? Check This Out

Costs - Posted On 02/19/2016 03:32 PM, Last Updated 02/19/2016 03:37 PM You gotta love it. Well, OK maybe when it doesn't have me pulling my hair out. 

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