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Vince's Northwoods Notes blog is dedicated to providing market statistics, real estate news and listings, and community information relevant to Manitowish Waters and the surrounding communities of Northern Wisconsin.
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I like to believe that reasonable people can have differences of opinion and still get along, but sometimes I despair. The following content is courtesy of the NAR and worth sharing for its entertainment value alone. Regarding Home Owners Associations, Read More...
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According to Freddie Mac, the national average commitment rate for 30 year fixed rate mortgages fell in November to another new low -- 3.99%. See monthly average rates back to 1971 at the Freddie Mac website . Remember the days of 18% back in 1981? Read More...
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Had an interesting and uplifting conversation with a gentleman yesterday. He had stopped into the office to inquire about the actual sale price of a property that hold sold recently, and our conversation proceeded into all directions from there. The part Read More...
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Today the sale of my listing of 324 Point O' Pines, right here in Manitowish Waters, closed. Sale price was 100% of list, or $329,900. I believe that it is the first listing of a Manitowish chain property to sell this year, which means so far the Read More...
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Lots 31 and 32 Hewitt Lake have just been significantly reduced in price -- to $114,000 for Lot 31 and to $99,000 for Lot 32. Both are gorgeous lots with 300 feet of lake frontage each, and are well worth the money. I have featured the lots in one of Read More...
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Gorgeous water views! MLS® #118141 $28,900 - New reduced price! Winchester, Vilas County - Beautiful lake views give this residential parcel real value. This slightly elevated off-water lot is ideally situated to provide soul-satisfyingly peaceful Read More...
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Last Saturday afternoon, after the sun finally came out again, I went back to my new listing and attempted to shoot some video that I hopefully would be able to stitch together into some type of virtual tour that, the results of which, wouldn't reflect Read More...
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Take a look at this solid 3 bedroom cottage on Spider Lake. At $329,900 it is priced below tax roll assessed and fair market values. Its great location at the confluence of Spider and Stone Lakes positions it centrally on a 10 lake, 2 river chain with Read More...
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A reminder -- waterfront property owners with large existing piers have until April 1, 2011 to register those piers under the grandfathering provisons of the new pier regulations if they want to avoid possible enforcement actions due to noncompliance Read More...
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I note that one of my posts on the home inspection contingency is closing in on 10,000 views (Google loves it for some reason), so I decided to “google” the term “home inspection contingency” and see what other folks had to say Read More...
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The sales of two of my listings closed today, and these properties have something else in common -- both received multiple offers. The home on North Farming Road has essentially been under contract during the entire one year term of the listing. The first Read More...
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I have transactions pending for two of my listings -- Lot 19 of Squirrel Lake Island in the Town of Minocqua, and a home on North Farming Rd in Arbor Vitae -- both to close later this month. Sale prices to be available after the closings. http://www.vincehoehn.com/Listing/ViewListingDetailsAuthenticated.aspx?ListingID=32851918&Preview=False&LastTabIndex=0&BackEmailID=-1&BackEmailTypeID=NONE Read More...
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Or as it may be more properly known, the endowment effect? The endowment effect is a theory of cognitive bias (flaw in judgement) first proposed by economist Richard Thaler. Thaler stated: "This pattern -- the fact that people often demand much more Read More...
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Yesterday I posted a line chart graphing 4th quarters closings in units by year of single family homes throughout the Greater Northwoods Multiple Listing Service. Today I am restricitng the geograhical area to the area that I generally work -- the towns Read More...
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Here is a link to a story that is illustrative of the difficulties faced by real estate agents working with short sales and foreclosures and the buyers and sellers of same. These types of transactions do not make up a big part of my business (and before Read More...
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