Hopeful Outlook Forecasts A Spring Bump

Hopeful Outlook Forecasts A Spring Bump

The real estate market is constantly evolving. What is true one day may not be the next. For example, this past winter many forecasts for the upcoming spring season predicted buyers might be scared off by rising interest rates and a lack of homes for sale. However, now that spring has arrived, mortgage rates have come down a bit and the housing market has been among the strongest sectors of the economy. 

For example, Fannie Mae's Economic & Strategic Research Group's latest housing forecast notes both a stronger-than-usual February and the prospects for a good spring. “February fared better than other hard economic indicators partly due to the warm winter weather, and the ESR group expects that a seasonal uptick in listings going into the spring selling season will help alleviate extremely tight inventory,” the group's latest release reads.

In other words, despite higher rates and low inventory, the housing market performed well in February and trends going forward indicate conditions may be even more favorable now. As more homeowners put their homes up for sale, buyers will find improving conditions for a spring home search. 

2016 Home Sales Data on Spider Lake

2016 Home Sales Data on Spider Lake

We are pleased to provide you with the 2016 results for residential sales on the Spider Lake

chain of lakes. 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 6 unit sales in 2016 on the Spider Lake chain compared to 11 sales in 2015. The average days on market were 89 versus 192 in 2015 while the average sales price in 2016 was $320,500 as compared to $230,000 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 27% above 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

2016 Home Sales Data On Sand Lake

2016 Home Sales Data On Sand Lake

We are pleased to provide you with the 2016 results for residential sales on the Sand Lake. 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 5 unit sales in 2016 on Sand Lake compared to 5 sales in 2015. The average days on market were 141 versus 197 in 2015 while the average sales price in 2016 was $215,800 as compared to $351,400 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 6.5% above 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

April 2017 Events in Hayward

April 2017 Events in Hayward

Serendipity presents The Wizard of Oz

See the Wizard of Oz at The Park Center. For tickets and more info, click here.

George's Goats for Grammas Run/Walk

Help support Ugandans in need by participating in this run/walk in Cable. 100% of the proceeds go to the Ugandan people in need. For more info click here.

Couderay Waters Film Festival

The Couderay Water's film festival brings award-winning outdoor adventure films to Hayward, WI. The Film selections will entertain, educate, and inspire you to explore your natural environment. For more info, click here.

2016 Home Sales Data On Round & Little Round Lakes

2016 Home Sales Data On Round & Little Round Lakes

We are pleased to provide you with the 2016 results for residential sales on Round and Little Round lakes. 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 15 unit sales in 2016 on the lakes compared to 25 sales in 2015. The average days on market were 308 versus 379 in 2015 while the average sales price in 2016 was $611,087 as compared to $484,592 in 2015. In a review of sales price verses list price, the average sales price ended up at approximately 90.5% 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 8% 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

Where Millennial Home Buyers Are Buying Today

Where Millennial Home Buyers Are Buying Today

The fact that young Americans aren't buying homes at the rate they used to isn't news. Ever since the housing crash, Millennial homeownership rates have been lower than historically normal. In fact, homeownership rates among buyers between the ages of 18 and 34 dropped 8 percent between 2006 and 2015.

There are, of course, many factors that have made it difficult for younger Americans to buy in recent years – including student loan debt, a challenging job market, rising rent, and higher home prices. However, though overall numbers show fewer first-time buyers active in the market, in some cities, Millennial home buyers are actually quite well represented.

Take Elk Grove, CA, for example. In Elk Grove, the homeownership rate among people under the age of 35 was just over 60 percent in 2015, mostly due to its proximity to major metropolitan areas and a median home value around $350,000. Other cities that have an above average number of Millennial home buyers include Sioux Falls, SD, Bakersfield, CA, Peoria, IL, Cary, NC, and Chattanooga, TN. And, though they all have a different mix of factors, the most common thread among all the top cities for younger buyers are affordable homes for sale and a growing economy.

2016 Home Sales Data on Teal, Lost Land & Ghost Lakes

2016 Home Sales Data on Teal, Lost Land & Ghost Lakes

We are pleased to provide you with the 2016 results for residential sales on Teal, Lost Land and Ghost lakes. 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 10 unit sales in 2016 on the lakes compared to 9 sales in 2015. The average days on market were 158 versus 302 in 2015 while the average sales price in 2016 was $279,620 as compared to $177,878 in 2015. In a review of sales price verses list price, the average sales price ended up at approximately 95.7% 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 3% 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 

2016 Nelson & Smith Lakes Home Sales Data

2016 Nelson & Smith Lakes Home Sales Data

We are pleased to provide you with the 2016 results for residential sales on Nelson and Smith lakes. 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 19 unit sales in 2016 on Nelson Lake compared to 10 sales in 2015; there were no recorded sales in 2016 on Smith Lake compared to 2 sales in 2015. The average days on market were 286 versus 232 in 2015 while the average sales price in 2016 was $230,109 as compared to $209,058 in 2015. In a review of sales price verses list price, the average sales price ended up at approximately 94% 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 1% above 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 

Survey Finds Americans In The Mood To Buy

Survey Finds Americans In The Mood To Buy

There are an endless number of reasons you might decide to buy a home at any particular time in your life. Whether you just got a new job on the other side of town or are looking for a place closer to family, the motivation behind a move is usually very personal. 

But there are economic factors at play, as well. Your financial situation, optimism about the future, and perception of the market can also influence a decision to stay where you are or pack your belongings.

Fannie Mae's monthly Home Purchase Sentiment Index looks at how Americans are feeling about buying a home, the real estate market, and their personal economic outlook. In December 2016, the overall index fell slightly from the month before, though the number of Americans who said they thought it was a good time to buy a house was up from November. Doug Duncan, Fannie Mae's senior vice president and chief economist, says there's been an increase in economic optimism recently but whether it carries through the rest of the year is uncertain.

“A spike in economic optimism in the immediate aftermath of an election is typical,” Duncan said. “Whether consumers will sustain this level of optimism into 2017 remains unclear … If this optimism comes to fruition, it should translate into stronger income growth and increased job security for consumers – the two HPSI components that could help support housing sentiment this year.”

2016 LCO Lake Home Sales Data

2016 LCO Lake Home Sales Data

We are pleased to provide you with the 2016 results for residential sales on Lac Courte Oreilles and Little Lac Courte Oreilles lakes. 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.

Our analysis indicates that there were 19 unit sales in 2016 on the lakes compared to 17 sales in 2015. The average days on market were 274 versus 348 in 2015 while the average sales price in 2016 was $471,316 as compared to $399,479 in 2015. In a review of sales price verses list price, the average sales price ended up at approximately 95% 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 13% above 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