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The November Sales Numbers Are In. It Is the Old Good News - Bad News Story

Waterfront Sales - Posted On 12/08/2015 01:41 PM

The November Sales Numbers are here.

Single Family waterfront cabin and home sales in Vilas and Oneida County reached a 10 year high for unit sales. Fifty units were sold during this month. This compares to only 18 units sold during November at the height of the recession in 2008. From a timing perspective these units closed in November but the offer was probably negotiated back in September. That's the good news if you're a seller. Now for the not so good news. The median sale price remained below prices at the height of the market in 2007and 2008 when the median sale price was $364000. In 2015 the median sale price was $247450, a 32% reduction to it's high. So buyer's head north and take advantage of these prices while they hold because it is likely that the strong demand and friendly financing will drive these prices north.

Data is compiled from the Greater Northwoods MLS.

Keywords: November Waterfront Sales

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