Green Bay Real Estate Market Report

Green Bay Real Estate Market Report

Our media outlets have been extremely aggressive in talking about the slowdown in real estate in the nation.  While I'm having a conversation with someone there is an extremely high probability that they will bring up how bad our Green Bay real estate market is.  What are the people I'm talking with saying?   Some buyers have the perception right now that sellers are stuck, and that they're going to give homes away at a huge discount.  Some buyers also think lowball offers are suddenly going to be seriously considered.  I hear agents talk about how nothing's selling and they can't find buyers.   The nation may be in a real estate slowdown but how do we know that Green Bay is the same?  That's the question we need to evaluate if we're going to refer to the Green Bay Home market logically.

It's extremely important that we look at our specific market and not the nation to determine how the Brown County Real Estate Market is doing.  Having researched our market thoroughly I've found some very positive results that home owners, sellers, buyers, investors, and even some agents in the Green Bay area need to be aware of.

The statistics that I'm using to evaluate the Brown County Real Estate Market is from our Wisconsin Realtor's Association.  The specific link is http://www.wra.org/Consumer_Resources/about_wisconsin/housingstats.asp?Region=Northeast&County=Brown#map.

In 2003 Brown County had its best year to date on number of home sales.  For the whole year we had a total number of 2,725 home sales.  If we jump to 2007 we see that the Brown County Market had 2,716 homes sold and closed.  We were 14 sales short of 2003's record breaking year.  When we break this down to a percentage, we're at 99.66 percent of 2003's best year ever, which I will stress again.   Sure we could have outdone our best year, but to at least keep up the pace has a ton of positives to it. I feel this is solid evidence that our Green Bay Real Estate Market is in good shape.  We may even be able to say it's in great shape compared to the rest of the nation.  People are still out there buying homes just as much as in our best years, and homes continue to sell at high volume in our wonderful Green Bay community. 

Stay tuned for more Green Bay Real Estate Market Reports. 

 

Number of Home Sales

  

	Q1	Q2	Q3	Q4	YTD
2007	540	790	662	540	2716
2006	553	840	826	590	2809
2005	514	914	876	587	2891
2004	496	914	777	626	2813
2003	526	864	844	609	2725
2002	446	831	738	606	2621
2001	460	746	704	589	2499
2000	456	710	679	501	2346
1999	452	753	690	488	2383
1998	426	761	719	571	2477
1997	435	634	618	483	2170

 

Median Sale Price

 

	Q1	Q2	Q3	Q4	YTD
2007	$145,300	$152,300	$151,400	$150,000	$149,200
2006	$150,800	$153,300	$151,400	$146,200	$150,700
2005	$149,300	$151,700	$153,700	$147,700	$151,400
2004	$136,900	$143,500	$144,600	$145,000	$142,700
2003	$128,400	$142,500	$142,700	$138,700	$138,700
2002	$124,000	$130,000	$133,300	$129,300	$129,400
2001	$120,000	$125,000	$124,400	$125,900	$123,500
2000	$110,600	$116,500	$121,800	$112,200	$116,200
1999	$104,300	$114,800	$114,200	$112,400	$112,200
1998	$104,400	$109,400	$109,500	$105,600	$107,600
1997	$99,900	$100,600	$104,200	$104,200	$102,30

 

Contact Greg Dallaire, Realtor®, Micoley and Company. Licensed Realtor® in Green Bay, Wisconsin at 920-217-2647 to list your property for sale or to purchase a property in Green Bay, Howard, Suamico, East De Pere, West De Pere, Bellevue, Hobart, Bellevue, Allouez, Wrightstown, Denmark and the rest of Brown County Wisconsin. I'm accepting referrals.

Call me today at 920-217-2647. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.

To view all the Green Bay Wisconsin Homes For Sale Click here and then click on Search For Homes Greg Dallaire knows Brown County and
will help you get your home Sold if you need to Sell your home and help you buy your Green Bay Home or Land ; call me today.