Healthy but Slower
The overall market locally continues to be healthy but sales have slowed; part of the slowdown is due to the fact that schools are back in session and this is traditionally a quieter period. However, history also shows that from late September to hunting season (a national holiday in the north woods of Wisconsin that occurs in late November) the market is pretty active.
The Sawyer County Record recently reported that demand for rural land and lakeshore property led the full market value of private property in Sawyer County. The figures reported by the Wisconsin Bureau of Assessments said that property values increased by 11.29 per cent over last year. Not bad when compared with many other investment opportunities.
The good part is that growth in equalized values does not necessarily translate into higher taxes, that according to Wisconsin Dept. of Revenue Secretary, Michael L. Morgan. He went on to say that Wisconsin homeowners will continue to reap the benefit of a strong Wisconsin economy and that home ownership remains a worthwhile investment.
I would agree with Mr. Morgan and add that our area is especially blessed because of the thousands of acres of water and woods. The market is slower but real estate in general is healthy in the north woods.
This weekend is the Chequamegon Fat Tire Race Festival, it features 2500 cyclists and the event has earned the title of “Nations Most Popular Off Road Bicycle Adventure”. Come on up to Hayward and enjoy a great weekend, the forecast is for sunny skies and warm temperatures. You guessed it; yours truly will be on the lake, beginning tonight, for some great floating and sunset views.
Enjoy, Life is Good!
Gary A. Nathan
Woodland Developments & Realty
