Greetings and Happy Labor Day!
A good friend of mine recently stopped by to chat, and as usual, we talked about the current market and how we both should slow down and smell the roses - that won't happen. He is in development and construction and has had a very good year and I shared with him that our local market is certainly better than last year. You wouldn't believe it based on all the reports on the radio and television.
Here are some numbers that prove that our local market is holding its own and actually dramatically increased in at least one area. This is data from our local Multiple Listing Service (MLS) for Sawyer County only.
The total number of waterfront residential homes sold from January 1, 2009 to September 1, 2009 were 41 units with an average price of $242,830. The highest priced property that sold in 2009 was for $997,000 on Grindstone Lake. During the same period this year, January 1 to September 1 there have been 68 sales with an average sale price of $336,496. The highest priced sale was on Round Lake at $1,570,000.
In the same 2009 and 2010 periods, the off water residential sales for both years was nearly identical at 69 and 67 respectively. Commercial sales during those same periods was consistent at seven sales in 2009 and six sales in 2010.
The sales above do not take into account non MLS sales.
The local market isn't sizzling hot but it hasn't been all doom and gloom; something to celebrate!
The last thought I want to share with you is something my friend said during our conversation, "Gary, you can't buy back time". How true. One of the many perks of my job is the opportunity to listen to folks tell me about the memories they have of their time spent at their Hayward properties. You can't put a price on memories and you can't buy back time. So enjoy your holiday with family and celebrate the fact that we live in an area where many folks dream of escaping to someday.
Life is a Gift...Live It!
Gary Nathan
Amanda Mavis
Woodland Dev. & Realty
15563 Railroad St
Hayward, WI 54843
715-699-4040
nathan@garynathan.com
http://www.garynthan.com/
