It's a mistake to look at the Wisconsin and Sawyer County housing market through the lens of national indicators. I'm sure you heard the report yesterday on headline news that national housing sales decreased as well as prices. Well, that has not happened here.
While sales in Wisconsin dipped in 2007, prices actually increased leaving Wisconsin in much better shape than many parts of the nation. In Sawyer County we had another increase in the number of home sales in quarter 4 of 2007 as compared to the same quarter in 2006. Sales were up from 48 units to 68 units. The median sale price rose by more than $30,000 last quarter (as compared to 2006) to $177,500. For our county in 2007, the median price and total home sales were up over 2006.
Certainly 2007 was no picnic compared to the boom years but our future continues to brighten more quickly than a good share of the country. The stability of prices in this soft market is certainly a good sign for buyers. Housing remains a good way to accumulate and maintain household wealth. Lower rates and good inventory provides excellent buying opportunities.
Next week I'm going to share some information on Sawyer County Zone Districts. Forestry is the largest zone district category in Sawyer County. What percentage of the County is zoned foresty? Find out the details next week.
Don't forget that this weekend is the Walleyes for Northwest Wisconsin Family Ice Fishing event in Hayward. Also, it's the North End Classic Ski Race on Sunday. AND the big ones..the Birkie and the Barnebirkie are next weekend! Good luck to all you skiers!
Life is Good.....Enjoy!
Gary Nathan
Amanda Mavis
Woodland Dev. & Realty
15617 Railroad St.
Hayward, WI 54843
715-699-4040
nathan@garynathan.com
http://www.garynathan.com/
