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2016 Home Sales Data on Spider Lake
Posted: April 24, 2017
We are pleased to provide you with the 2016 results for residential sales on the Spider Lake chain of lakes. This information includes data we secured from properties listed on the Northwest Wisconsin Multiple Listing Service (MLS); it does not take into account sales that may have occurred directly between parties. The report provides helpful information with respect to the list and sales price, the size of lot, front feet, bedrooms, bathrooms, square footage of the home, year built, days on market (DOM), etc.
Our analysis indicates that there were 6 unit sales in 2016 on the Spider Lake chain compared to 11 sales in 2015. The average days on market were 89 versus 192 in 2015 while the average sales price in 2016 was $320,500 as compared to $230,000 in 2015. In a review of sales price verses list price, the average sales price ended up at approximately 93% of list price. Compared to the Sawyer County real estate estimated fair market value (EFMV) the average sales price for the subject properties finished approximately 27% above the EFMV.
We have also compiled the same sales information for other area lakes. Should you wish to secure additional information on any sales or other real estate information, please feel free to contact our office and a member of our dedicated team of real estate experts will gladly help you. If you are interested in having us complete a comparative market analysis (CMA) for your property, just call our office and we will do so at no cost or obligation.