Lake Country Lake Home Market Statistics

Posted by JJ Hausmann Team on Friday, January 29th, 2010 at 7:19pm.

Lake Home Market Statistics Lake homes Sold the last 4 years

Below are charts and graphs showing Lake Country lake home stats over the past couple of years. This 1st chart compares number of lake homes sold per year on the selected lakes

Number of Homes Sold
Pewaukee Lake2926291719
Nagawicka15 8 1346
Lac La Belle137939

The numbers below take a closer look at the average sale on each lake over the past couple of years. These numbers can get inflated very easy, with a couple of 2 million dollar sales.  It shows the average selling price has remained consistent, until this year. It represents less high end sales YTD.

Average Selling Price
Pewaukee Lake$833,041$924,546$1,074,691$868,007832,974
Lac La Belle$1,241,620$1,479,750$1,360,488$1,187,667835,389
Total Average$859,938$1,420,363$1,342,290$1,199,004$852,219

Below the chart shows what sellers are accepting relative to their list price. The last two years show that sellers have been taking 2-4% less, relative to their list price. These numbers do not tell the whole truth, because several of these properties reduced their list price before getting their property sold. What it does indicate is that in order to get buyers to submit offers the list price has to be within 10% of the true market value of the property.   If the buyer feels the price is too high they will move onto the next property, as there is not a shortage of inventory currently on the market.

List/Sale Price
Pewaukee Lake96%94%94%89%89%
Lac La Belle94%93%93%89%92%

The “days on the market” stat has been the toughest thing to figure out through the MLS, because agents would relist properties or the property was relisted with another broker. The MLS is finally calculating the total time on market this year. That is why the average days on the market this year are so much higher.  Properties that have sold this year have been on the market for an average of 351 days! Although, we did close two new listings on Nagawicka in less than 45 days this year.

Days on Market
Pewaukee Lake67104119161310
Lac La Belle1035091257480
JJ Hausmann

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