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Real estate sales on rise, but prices drop 11%: report
By Gary Ridderbusch
News-Review Editor

While the number of properties sold increased nearly 13% from January to May  2013 compared to the same time period last year in Wisconsin’s north-central region, the average sale price dropped  about 11%, according to a report from the real estate industry.

Sales in the 11-county region — including Vilas and Oneida counties — increased from 731 units sold last year during the five-month period to 824 in 2013, an increase of 12.7%.

In Vilas County, sales increased 5.4% from 205 last year to 216 this year. Oneida County sales jumped 14% from 229 last year to 261 this year.

Local real estate agents are excited, yet

Tuesday, July 02, 2013 5:41 PM
Last Updated on Tuesday, July 09, 2013 6:22 PM
 

Comments  

 
+1 #1 2013-07-09 15:17
Having been in the community(prope rty owners) since 1970,I have to say that the price of real estate is still over priced and could use to go down a lot more(20-30 percent) The prices were driven up by GREEDY developers and real estate agents..I do not see how the average mr and misses joe gets buy in northern wisconsin. the cost of living is the same or higher than in the Chicago suburbs.The price of gas is higher (sometimes close to) the price of gas in the Chicago suburbs(when it was always a good 15-25 cents per gallon cheaper)... Property taxes are up there...Godspeed to all of those trying to make it
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