2016 Chippewa Flowage Home Sales Data

2016 Chippewa Flowage Home Sales Data

Greetings, 

We are pleased to provide you with the 2016 results for residential sales on the Chippewa Flowage. This information includes data we secured from properties listed on the Northwest Wisconsin Multiple Listing Service (MLS); it does not take into account sales that may have occurred directly between parties. The report provides helpful information with respect to the list and sales price, the size of lot, front feet, bedrooms, bathrooms, square footage of the home, year built, days on market (DOM), etc.

Our analysis indicates that there were 12 unit sales in 2016 on the lake compared to 14 sales in 2015. The average days on market were 225 in 2016 versus 314 in 2015 while the average sales price in 2016 was $237,417 as compared to $274,571 in 2015. In a review of sales price verses list price, the average sales price ended up at approximately 93% of list price. Compared to the Sawyer County real estate estimated fair market value (EFMV) the average sales price for the subject properties finished approximately 2% below the EFMV. 

We have also compiled the same sales information for other area lakes. Should you wish to secure additional information on any sales or other real estate information, please feel free to contact our office and a member of our dedicated team of real estate experts will gladly help you. If you are interested in having us complete a comparative market analysis (CMA) for your property, just call our office and we will do so at no cost or obligation. 

Respectfully,

Gary A. Nathan

Broker

How Do You Compare To The Typical Home Seller?

How Do You Compare To The Typical Home Seller?

The National Association of Realtors' Profile of Home Buyers and Sellers takes an annual look at the who, what, where, and how of the year's typical real-estate transaction. Based on a survey sent out across the country, the results reveal things like how much the average home seller made on the sale of their home, how buyers came up with their downpayment, and what types of homes sold, who sold them, and for how much.

For example, last year's typical seller was 54 years old, had been living in their home for 10 years, and had a median income of $100,700. The most commonly cited reason for selling a home was to find something bigger, which was named by 18 percent of respondents. Other common reasons for selling a home included wanting to live closer to friends and family and because of a new job. 

The majority of sellers didn't have to offer any incentives in order to attract a buyer for their home and nearly 9 in 10 used a real-estate agent to help sell their house. The typical home seller was able to sell their home for $43,100 more than they purchased it for and got 98 percent of their final listing price.