In the Dells area we had a very active December, a slow January and we have seen some pick up in the market in February thru May. Year to date 79 properties sold in this area compared to 58 sales last year. However these numbers are well under the Jan thru May sales of 96 in 2008 and 130 in 2007. Inventory is still high and only the properties priced aggressively are selling. Sellers who plan to hold their price are also holding their property. For buyers these are great numbers. Combine the high inventory with low mortgage interest rates and this is a great time to buy. First time buyers are still active in the market but they are looking for homes in the $100k range and good properties at this price are hard to find. For existing home owners who plan to upgrade their primary residence, this is also a great time to buy. Expect to sell your existing home for less, but you will also be buying your larger home for less. The numbers work out in your favor. For sellers, it is time to be serious about selling. Don’t put your property on the market unless you want to sell. Be prepared to sell for less than you think your property is worth. In this market, to list your property for sale over market value means it will just sit there and clog up the unsold inventory. |
2010 1st Quarter Market Report for Wisconsin Dells Area
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| 2010 Wisconsin Dells Area Real Estate Statistics as of March 31, 2010 | | | | | | | | | | | | | | | | Avg. Sell | % Change | | # | % Change | | Avg DOM | | Avg. List | Currently | Avg DOM | | | Price | to 2009 | | sold | to 2009 | | Sold | | Price | listed | Listed | | Single Family Custom Built | $117,742 | -5.06% | | 14 | -7.14% | | 161 | | $253,921 | 193 | 193 | | | | | | | | | | | | | | | Condominium | $263,050 | 162.18% | | 8 | 62.50% | | 217 | | $239,484 | 164 | 326 | | | | | | | | | | | | | | | Land and Lots | $173,314 | 190.19% | | 7 | 42.86% | | 239 | | $152,962 | 359 | 337 | | | | | | | | | | | | | | | Single Family Manufactured Home | $58,058 | -30.99% | | 6 | 50.00% | | 160 | | $119,496 | 55 | 211 |
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Total Dells Area Properties Sold by Month
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| | 2010 | 2009 | 2008 | 2007 | | January | 5 | 8 | 14 | 20 | | February | 13 | 6 | 19 | 27 | | March | 15 | 11 | 19 | 26 | | 1st Quarter | 33 | 25 | 52 | 73 | April | 28 | 13 | 21 | 25 | | May | 18 | 20 | 23 | 32 | | June | 24 | 24 | 13 | 21 | | 2nd Quarter | 70 | 57 | 57 | 78 | Half Year | 103 | 82 | 109 | 151 | | July | 14 | 28 | 14 | 28 | | August | | 17 | 21 | 34 | | September | | 21 | 11 | 39 | | 3rd Quarter | | 66 | 46 | 101 | | October | | 22 | 17 | 21 | | November | | 19 | 13 | 31 | | December | | 21 | 13 | 13 | | 4th Quarter | | 62 | 43 | 65 | | YTD | | 210 | 198 | 317 |
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Wisconsin Dells Area Real Estate Report
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| 2009 Wisconsin Dells Area Real Estate Statistics as of December 31, 2009 | | | | | | | | | | | | | | | | Avg. Sell | % Change | | # | % Change | | Avg DOM | | Avg. List | Currently | Avg DOM | | | Price | to 2008 | | sold | to 2008 | | Sold | | Price | listed | Listed | | Single Family Custom Built | $144,963 | -3.86% | | 102 | 7.84% | | 133 | | $220,008 | 157 | 223 | | | | | | | | | | | | | | | Condominium | $201,660 | 16.89% | | 33 | -24.24% | | 133 | | $239,464 | 151 | 321 | | | | | | | | | | | | | | | Land and Lots | $57,895 | -66.93% | | 32 | -50.00% | | 149 | | $177,904 | 318 | 349 | | | | | | | | | | | | | | | Single Family Manufactured Home | $66,386 | -38.20% | | 22 | 13.64% | | 126 | | $99,685 | 36 | 277 |
The data for these tables was captured from the South Central Wisconsin Multiple Listing Service and includes several areas that make up the Wisconsin Dells and Lake Delton vicinity. |
2009 Wisconsin Dells Market Report by Area
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| 2009 Market Report for Wisconsin Dells Area | | | | Single Family | Land | Condo | | Location | | Sold | Avg. Price | DOM | Sold | Avg Price | DOM | Sold | Avg. Price | DOM | | Wisc Dells, Adams | A20 | 0 | | | 0 | | | 2 | 210,500 | 35 | | Wisc Dells, Columbia | B33 | 19 | 104,294 | 142 | 0 | | | 7 | 244,142 | 111 | | Wisc Dells, Sauk | Q37 | 0 | | | 0 | | | 1 | 330,000 | 116 | | Newport | B21 | 7 | 156,700 | 142 | 1 | 65,000 | 92 | 0 | | | | New Haven | A13 | 3 | 195,666 | 64 | 0 | | | 0 | | | | Dell Prairie | A05 | 17 | 135,670 | 134 | 4 | 78,750 | 107 | 2 | 189,000 | 20 | | Springville | A18 | 19 | 82,694 | 106 | 7 | 53,114 | 85 | 8 | 90,437 | 174 | | Easton | A06 | 10 | 107,080 | 93 | 6 | 25,116 | 264 | 0 | | | | Lyndon | L14 | 11 | 145,488 | 110 | 1 | 48,000 | 193 | 0 | | | | Lyndon Station | L15 | 5 | 57,274 | 74 | 0 | | | 0 | | | | Kildare | L09 | 3 | 69,133 | 241 | 5 | 67,330 | 308 | 0 | | | | Lake Delton | Q14 | 16 | 130,154 | 147 | 6 | 75,833 | 130 | 18 | 205,586 | 153 | | Dellona | Q04 | 13 | 170,184 | 150 | 3 | 40,600 | 150 | 0 | | | | Delton | Q05 | 14 | 184,329 | 126 | 6 | 36,316 | 123 | 0 | | |
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Consumer Confidence Index
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The consumer confidence indicator can be used to measure how comfortable consumers feel about spending. The market for real estate properties such as vacation homes is directly affected by how comfortable the consumer is feeling. Confidence has dropped almost 10% during June. Consumers are not convinced that the economy is recovering and many are predicting a second recession. |
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