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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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Today a organization that I belong to, the National Organization of REALTORS (NAR), had to do a little back-pedaling on home sale statistics as reported for the last four years. The NAR has been criticized at times for being too much of a housing market 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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The headline a few days ago was that 13% of US homes are vacant, up from 12.1% in 2007 (from the US Census Bureau. Wisconsin is at 13.1%, up from 10.2% in 2000.) Excel spreadsheet with data on all 50 states What made it a headline is the concern that 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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This took me a little by surprise -- using data from the Greater Northwoods Multiple Listing Service database, I charted closings of single family residential homes throughout the entire MLS for October, November, and December 2006 -2010. I created a Read More...
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It seems as if everyday I hear the question "How's the real estate market?" It is as sure to come up as a topic of conversation as is the weather. My answer varies somewhat from questioner to questioner, but some aspects of my response are Read More...
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In January I compiled, graphed,and posted 4th quarter aggregate real estate sales statistics for Manitowish Waters, Mercer, Presque Isle, Winchester, Lac du Flambeau, Boulder Junction, Oma and Sherman. Today I am compiling 1st quarter sales statistics Read More...
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As graphical representation of data for a post on my Northwoods real estate outlook for 2010 earlier this month, I charted 4th quarter closings of the sale of single family homes in the years 2006-2009. This chart represented closings throughout the entire Read More...
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It's time to make some predictions about how the real estate market will fare in Wisconsin's Northwoods in 2010. My crystal ball is just as murky as the ones belonging to all the other prognosticators, and my forecasts may be worth only what you Read More...
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Tuesday the sale of this home on Island Lake right here in Manitowish Waters closed. It originally went on the market back in 2005 with a list price of $1.8M. Four bedrooms, four baths, and 450 feet of sand frontage. A nice property, to be sure. The last Read More...
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Following up on my previous post, here are additional statistics form the National Association of REALTORS Profile of Home Buyers and Sellers 2009 : Forty-seven percent of recent home buyers were first-time buyers. The typical first-time buyer was 30 Read More...
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Last Saturday fourteen properties that are/were part of a large estate on Rest Lake of the Manitowish chain were auctioned off. The foreclosure judgement in the amount of $4.6M was entered into last year; attempts to sell the property before and after Read More...
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Time to review what has sold in the last 12 months and see if we can glean anything useful from the information. First, let's look at the Manitowish chain. In the last 12 months, the sales of seven properties have closed; three lake lots and four Read More...
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A good portion of the real estate market in Manitowish Waters is in second (vacation and investment) homes. As a mater of fact, the second home market quite possibly exceeds the market for primary residences in units and dollar value in Manitowish Waters, Read More...
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Even though spring is here, we have not yet entered what we consider the "prime selling season " here in the land of northwoods lakes -- that starts in June about the time the school term ends. And the prime season is a short one, as it is pretty Read More...
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