MLS data through March 30th, 2011shows a “mixed bag” of results, with Vilas County having stronger market growth than Oneida this past month.
Single family residence sales in March were up by 46% in Vilas County to 19 units, while Oneida County showed a -12% decline with 21 units. This is due in large part to the “First Time Home Buyer Tax Credit” that was a part of the market last year. Oneida County, more of a primary housing area, with Rhinelander leading the way, had most of the single family home sales in 2010, and most of those were below $100,000.00. This year, 9 of the 21 sales were also below $100,000 and all in the Rhinelander area. Highest sale price in this county was $250,000.00 for March. Vilas County’s highest sale was $495,000.00 and was a Pete Rondello sale!
Vacant lots were soft compared to 2010, with Vilas showing 2 sales – both under $110K, and Oneida with 9 lots sold – 7 under $100K. Both counties had 10 sales of vacant land each last year.
Commercial sales continued to limp along, with 1 sale in Oneida County of a 9-plex apartment building at $500K, and three in Vilas County, all below $275K.
There are 780 single family homes available for sale in Oneida County, and 710 in Vilas County as of this report.
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