About Vilas County, WI

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Trout Lake Retreat..rare opportunity to aquire one of Northern Wisconsin's most sought after lake. This four thousand plus acre lot offers over three acres of privacy and two hundred feet of sugar sand swimming frontage. Property currently is being run as a resort and has been a resort for over fifty years. Property has four cabins one being a duplex, fireplace, woodburner, pier and much more. Would make an excellent family or executive retreat or you can remove existing buildings and build your dream home as this is priced to move at $1,450,000.00

NEIL PLUISTER 715-367-7270 NEIL@VACATIONLANDPROPERTY.COM

The story behind the story. The Wisconsin REALTORS Association just published their monthly numbers showing the number of sales and average sales price by county. It does not look very good for the Northwoods. Vilas County sales are off by 47%. Oneida County is not far behind -39%. The average home sale price is off from $175,000 to $113,300 or -35.3%. In Oneida County, the average home sales price actually rose from $112,000 to $120,000 or 7%.

On this chart, we track the average selling price of homes on and off water in Vilas and Oneida Counties. The real story is the lack of buyers. We do not have a shortage of money to lend. Banks are ready, willing and able to lend. We do not have a great number of foreclosures here in the Northwoods. That has helped keep values up. The big issue is what happens when the economy heads south. Discretionary spending takes a big hit. 80% of our waterfront homes here in the Northwoods are second homes. At this time, we have very few buyers looking for second homes.

While the numbers appear to be ominous, the reality of the situation is that values have not changed much. The volume of sales is way down and this is the root of our real estate problems here in the Northwoods.

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Brandy Lake Condo...beautifully well maintained two bedroom, two-bath condo with a main floor entrance. This property has been meticulously maintained and well layed out as well. Huge master bedroom with master bath whirlpool. Second bedroom is just as large and has a bath as well. Large kitchen with oak cabinets and plenty of cabinet space. Dining room is huge and flows into the living room that offers a gas fireplace for those cool evenings. Community club house with hot tub, picnic, area, fitness center and sugar sand swimming frontage on a quiet lake. Only $240,000.00

NEIL PLUISTER (715) 367-7270 NEIL@VACATIONLANDPROPERTY.COM

WWW.VACATIONLANDPROPERTY.COM

Trout Lake...one of Boulder Junction and Northern Wisconsin's most highly sought after lake. This property can be your for just a little more than a song and a dance. This property consists of two-hundred feet of sugar sand swimming frontage and over three acres of privacy on a dead end road. The property is currently being used as a resort as it has for over fifty years. There are three cabins and a duplex that could make for an excellent family retreat or to keep running as a resort. Many opportunities exist. Only $1,450,000.00 Can be seen by appointment only. Call today for your private viewing.

NEIL (715) 367-7270 NPLUISTER@CHARTER.NET WWW.VACATIONLANDPROPERTY.COM

Steady as it goes. When you look at the past 4 years of unit listings and sales in Vilas and Oneida Counties, we have never seen a period where unit sales remained so regular as the past 6 months. May had sales of 128 units, June 123, July 119, August 130, September 121, and October 122 units. The problem with this is we normally see a spike during these months. The last 4 Octobers saw 172 units in 2007, 224 in 2006, 223 in 2005 and 241 in 2004. So, our unit sales are off 29% from 2007. Unit sales are off 45% from 2006.

One would think that with the economy the way it is, that listing activity would be up. The Northwoods' is unique in that many of our Sellers can choose not to participate in a sluggish market. That is reflected in October listing activity with 243 listings versus 365 listings in 2007. Previous years saw 374 units in 2006, and 352 units in 2005.

The Northwoods market is not unique in that we are hurting. Most recreational markets like Maine, Minnesota, and Montana are in similar markets. We still live in a very desirable area that will recover, when the economy perks up.