Some good news for a change. The average sales price rose $10K since our last look at the average sales price in mid-September. While home prices most likely did not rise by this value, the mix of home values did rise. What the market has lacked all of 2009 are some medium priced homes. These are homes in the $400-$600K range. This used to be the strongest market segment. This past month there have been some sales in this segment and that has increased the average sales values.
Look for this trend to continue as there are some real attractive buys out there. I expect the average sales price for both Oneida and Vilas Counties to be in the upper $300K range by year end. Many sellers are offering significant discounts.
The key word that buyers are looking for right now is "deals". They are looking for homes below appraised, below assessed, bank-owned and fire sales. They are willing to sacrifice desired features and benefits for the right price.
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Serving Wisconsin's Beautiful Northwoods. We have over 3000 lakes, 2 National Forests, 1 State Forest, and millions of acres of public forest land. I hold BS, and MBA and GRI and CRS desginations
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