SHOW ME
If you have been in the habit of reading my blog you know that I am a pretty optimistic person when it comes to real estate…. and life in general. Some folks get a little annoyed because they don’t see the glass half full, half empty or may not think there is any water in the glass at all. So if you are one of those that say “show me” or “give me some proof” that there is anything to be positive about please read on.
Wisconsin home sales have outperformed most states through the last three quarters; our local markets, as I have said in the past, are less volatile than markets elsewhere in the country. We don’t get the big upswings nor do we suffer the big falls. Other regions of the country had declines in the median price of homes while Wisconsin homes actually increased about 2.4%. Since sales peaked in 2005 statewide median prices have continued to rise, an increase of about 7.5% since the first quarter of 2006 according to the Wisconsin Realtors Assn.
Sawyer County home sales for Quarter 3 of 2007 tallied 101 which is sixteen more than the same quarter last year; the median sales price rose from $165,000 to $180,000 in the same period. It’s also important to point out that median prices have grown 32.2% since we came out of the last recession in late 2001. Housing and real estate in general continues to be a solid investment. Keep the faith!
Yahoo…We are expecting 8 to 16 inches of snow over the weekend so strap on your snowshoes, oil and gas up the blower and snowmobile and get ready to RUMBLE. Have a great weekend everyone………….Life is Good, Enjoy!
Gary A. Nathan
Amanda Mavis, personal assistant
