Northern Wisconsin Real Estate Update - Vilas & Oneida Counties
July 5th, 2011 by Pete Rondello
2011 sales for June are now published in the Greater Northwoods MLS. Here’s how the last month’s activity breaks down:
Oneida County Vilas County
Total home sales: 44 26
On water sales: 16 15
Sales under $100K: 16 9
Vacant lot sales: 12 13
Lots sold on water: 4 2
Commercial sales: 2 1
Homes for sale: 952 905
Lots for sale: 825 871
Pricing for homes sold in Oneida County ranged from 12,500 at the low end to a maximum sale price of $921,000.00. The Vilas County range was $27,500 to $900,000.00. Many home sales in each county were below $100,000.00 – with Oneida at 16 units, and Vilas at 9.
Of the 25 vacant lots sold total, there were just 6 waterfront lots going to closing.
All business / commercial sales were at $120K or below. Two bars sold last month, and one vacant commercial land site.
The comparison to last year? Vilas County had 39 home sales and 12 lot sales. Oneida County closed 56 homes and 14 lots.
Volume on vacant lots appears to be in step with 2010, with total home units off -26% this year for June. This may be due to closings that were part of the 1st time home buyer stimulus program of 2010.
The bottom line: Oneida County closed 56 lots and homes last month, Vilas 39, for a total of 95 sales.
ReplyDeleteThere are 3,553 properties available for sale. This is a 37.4 month supply at the current sale rate if no other properties are added as new listings.