Quarter 3 2018 Market Update for the Greater Northwoods MLS

Using data compiled from the Greater Northwoods MLS, Julie Winter-Paez, team leader of the JWP Group with RE/MAX Property Pros has released a market report for the third quarter of 2018. In Oneida County, year-to-date real estate sales excluding vacant land totaled 653 in 2018, an increase from 579 transactions at the same point last year. The average sales price has increased 7.2%, from $203,674 in 2017 to $218,388 so far in 2018. In Vilas County, real estate sales excluding vacant land also saw an increase, from 448 sales through the third quarter in 2017 to 489 sales year-to-date. The average price increased 19%, from $213,404 in 2017 up to $254,254 in 2018.

Vacant land sales in both counties also have seen YTD gains. The average price in Oneida County is up 18.4% and 33.5% in Vilas County.

On water home owners can also be encouraged by these year-to-date statistics. 2018 has seen 322 sales so far in Oneida County compared to 273 sales at the same point last year, with the average price increasing 8%, from $301,467 to $326,471. Vilas County on water home sellers fared even better with an increase in the average sale from $289,086 YTD in 2017 to $346,439 to the same point in 2018. This is a 19.8% increase in sales price.

Julie Winter-Paez is one of the top ten RE/MAX agents in the state of Wisconsin, and is among the top producing agents in the Greater Northwoods MLS. The Julie Winter-Paez Group with RE/MAX Property Pros serves Oneida and Vilas Counties. Those interested in the complete report can request one by calling the JWP Group at 715-257-3216. Visit EagleRiverHomeFinder.com for more information.