Bayfield, Wisconsin Real Estate Market Report - Average List Price Continues to Drop at the Close of November 2011

Trulia reports that average home listing prices continued to drop at the end of November, 2011. The average list price of a home in the 54814 zip code area fell to $199,941 as of November 30th, down 0.7% from the prior week.

The average list price of a Bayfield, Wisconsin home has dropped 2.5%, or $5229, since November 9, 2011. The number of available listings in 54814 also dropped nearly 5% during the month of November, 2011.

Just over one-half of the current Bayfield, Wisconsin dwelling listings fall into the Condominium/Townhome/Row Home/Co-op category, according to the Realtor.com website. The large percentage of condominiums and townhomes for sale in Bayfield at present, with fewer detatched single family homes on the market, results in a lower average listed home price in the 54814 zip code area compared to that on nearby Madeline Island.

Looking to buy or sell a home in Bayfield, Wisconsin? Contact the only Apostle Islands area real estate company that regularly researches and reports up-to-date market statistics and information on market factors in Bayfield, Wisconsin and on Madeline Island.

Call Madeline Island Realty at 715.747.6500 and let us provide you with accurate and trustworthy market advice regarding the local real estate market.