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

2016 Grindstone Lake Home Sales Data

2016 Grindstone Lake Home Sales Data

We are pleased to provide you with the 2016 results for residential sales on Grindstone 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 15 unit sales in 2016 on the lake compared to 8 sales in 2015. The average days on market were 232 versus 186 in 2015 while the average sales price in 2016 was $286,803 as compared to $338,237 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 one-half of 1% (.05) 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

Housing Outlook Sees Strong Year Ahead

Housing Outlook Sees Strong Year Ahead

Though there is some uncertainty about how changing economic policies might affect the economy and housing market in the months to come, Fannie Mae's most recent Economic and Housing Outlook from their Economic & Strategic Research Group sees continued improvement ahead. In short, improved consumer spending, a healthy labor market, and rising wages should continue to support economic growth.

But what does this mean for the housing market and real estate this year? Well, according to Doug Duncan, Fannie Mae's chief economist, the housing market should remain strong and build on last year's performance. “We expect housing to remain resilient and continue its recovery in 2017, with affordability standing out as the industry's greatest obstacle, particularly for first-time homeowners,” Duncan said. “Demographic factors, however, are positive. Our research shows that older Millennials have begun to buy homes and close the homeownership attainment gap with their predecessors.” An increasing number of younger buyers is good news for the market, as is the expected bump in new home construction.

If the supply of homes for sale can keep up with buyer demand, a better balanced market may help alleviate affordability concerns and lead to favorable housing conditions in 2017.

2016 Callahan and Mud Lake Homes Sales Data

2016 Callahan and Mud Lake Home Sales Data

We are pleased to provide you with the 2016 results for residential sales on Callahan and Mud 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 3 unit sales in 2016 on the lakes compared to just one sale in 2015. The average days on market were 284 versus 424 in 2015 while the average sales price in 2016 was $362,667 as compared to $500,000 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 14% 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

12th Annual Regional Hospice/WHSM Polar Plunge

12th Annual Regional Hospice/WHSM Polar Plunge

On March 11th, the Regional Hospice Services will be hosting a polar plunge on Lake Hayward. Registration starts at 2:30 and the jump begins at 3:30. Awards and prizes will be presented after the event along with pizza and drinks.

Regional Hospice Services is a community based non-profit organization that provides support to patients and families dealing with life-limiting conditions. Your support helps to continue their compassionate care to those in our community during what can be a very challenging time for families.

To register or request a plunge packet, visit the Regional Hospice Services website or click the following link: www.regionalhospice.org/contact.aspx

World's Largest Fat Bike Race

World's Largest Fat Bike Race

On Saturday, March 11th, the American Birkiebeiner Ski Foundation will host the World's Largest Fat Bike Race. This year is the 5th annual race and has grown steadily through the years. In 2013, fewer than 200 racers participated and this year, the field has expanded to 1,200 racers.

The race takes place on the historic Birkie trail through the forests of Bayfield and Sawyer counties. There are two circuits, a 47 kilometer race (The Big Fat) and a 23 kilometer race (The Chico).

Festivities will be held all weekend starting on March 10th. Also, on-snow demos will be held so you can test out a fat bike and see what fat bike riding is all about. You might find yet another winter hobby to enjoy in the Hayward area!

To see the full schedule of events, visit the Birkie website: www.birkie.com/bike/events/fat-bike-birkie/

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.

Home Ownership Still A Dream For Americans

Home Ownership Still A Dream For Americans

Homeownership has long been seen as a big part of achieving the American dream. And that hasn't changed, according to recent data from the National Association of Realtors. An analysis of their Housing Opportunities and Market Experience survey found that 87 percent of non-homeowners said they want to one day own a home of their own and 80 percent of all respondents said homeownership was part of their American dream.

So what are some of the concerns that keep people from pursing their dream of homeownership? Well the number one answer was affordability, followed by people who need the flexibility of renting. But there are also Americans that have postponed buying a home because of misconceptions they have about the buying process and what is required financially. 

For example, nearly 9 out of 10 survey participants said a down payment of 10 percent or more was required to buy a house – which is untrue. In fact, the median down payment for first-time buyers has been 6 percent for the past three years, while repeat buyers put down closer to 14 percent. William Brown, NAR's president, says “There are mortgage options available for creditworthy borrowers with manageable levels of debt and smaller down payments.” 

If you haven't bought a house before, you may not be as far off as you might think and the dream of owning your own home may become a reality.

2017 American Birkebeiner

2017 American Birkebeiner 

Birkie week is here! The American Birkebeiner is the largest cross-country ski marathon in North America and it's held right here in the Hayward area. The race spans 50 kilometers from Cable to Hayward for Skaters and 55k for Classic Skiers. The race draws in more than 10,000 skiers from 46 states and 22 countries.

Because of the recent warm temperatures and rain, the race will not be finishing in downtown Hayward this year.  For updates on where the events will be held and trail conditions, visit the Birkie website: http://www.birkie.com/birkie-trail-wax-weather-info/

We wish all of the skiers good luck and hopefully mother nature will provide good weather for race day!