This is a very interesting article from the Wall Street Journal reporting on how second home sales are picking up. Notice that there is even a mention about a market in Wisconsin:
Link to WSJ article about "second home sales on the rise"
Now could prove to be a great time to be a buyer or a seller of waterfront property.
Buyers: Hire a full time, experienced and involved Realtor who lives on a Lake
Sellers: Hire a Realtor who is a Internet marketing expert to get your property maximum exposer.
Steve Huhta - ReMax Shambeau Lyons 920-889-9989 Sell Phone
Friday, January 28, 2011
Monday, January 24, 2011
Tuesday, January 4, 2011
Waupaca Chain O' Lakes Real Estate Sales Year End Summary
Another year has passed and the number of home sale transactions on the Waupaca Chain O' Lakes homes stayed the same, compared to the previous year’s number of transactions. However, sales are still not as good as pre-recession 2007.
For review:
Year.....Number of Sales
2007.....15
2008.....10
2009.....9
2010.....9
There are still a very large number of properties (45) for sale on the Chain including, vacant land, condos and homes. This number changes weekly but, for most of last year there were 45 to 50 homes for sale at any given time. Some properties have been taken off the market recently as they did not sell.
One interesting statistic is that during 2010 there were two home sales at one million or more, which is the same number of million dollar plus homes that sold in 2009. This is good news as this type of buyer is usually very discerning and would not buy on the Chain, if they thought it was a bad long term investment.
The question I am asked most by Chain property owners is: how are values holding up on the Waupaca Chain?
The simple “opinion based” answer is: the high end ($750,000 and up) seems to be holding up well, the middle ($450,000 to $750,000) is a little off and the lower end is off more dramatically (under $450,000). With so few sales in a year, it is hard to say for sure how values are holding up, so the above comment is somewhat based on opinion. I watch listings, price changes, MLS sales and also private party sales very closely to help come up with my comments. And, I live on the Chain, so I have a good vantage point.
One interesting observation is that once the recession took hold, it seemed that Chain “tear down” home purchases (so a new home could be built on the same property) and the resulting new home construction came to almost a complete halt. However, in 2010, 6 new home construction projects have been started or completed on the Waupaca Chain. The first one was a replacement Columbia Lake home, which took the place of a home that burned completely down some time ago. Then, there are three new construction homes – on Round, Columbia and Dake Lakes – where the long time home owners tore down the existing home and are replacing it with a new home. Again, this is interesting development as there were no Chain home purchases in 2010 that resulted in the home being immediately taken down, so a new home could be built. Additionally, two new construction “green” log homes, built on what were vacant lots, are nearing completion on Limekiln Lake. There is extensive information about these two log homes in a previous post on this blog – just click older posts at the bottom of this page.
Monday, January 3, 2011
Hwy Q - Waupaca Chain Former Commercial Property Sells
The former Mudd Pies Pottery building on Hwy Q, just east of the Wheel House, has sold.
2011 Waupaca Polar Bear Plunge
Photos by Ty Helbach
www.tyhelbachphotography.com
The annual Waupaca Polor Bear Plunge took place this past Saturday, Jan 1st at Becker Marine in Waupaca. About 75 participants rang in the new year by taking the "plunge".
Read the full story at:
http://www.postcrescent.com/article/20110102/APC0101/101020513/Polar-plungers-welcome-new-year?bctid=735000445001
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