What a crazy year it was for Wisconsin Rapids real estate!

I can’t even begin to tell you the number of times I was involved in multiple offer situations, or saw properties receive accepted offers before they really hit the market.

With that said, I thought it would be interesting to look at the numbers a little closer, and compare them to 2016. So here it goes…

City of Wisconsin Rapids

2016 Total Sales Volume: $16,526,740

2017 Total Sales Volume: $22,504,358

This means sales were UP 36%

2016 Average Sale Price: $77,995

2017 Average Sale Price: $88,599

This means the average sale is UP 14%

Town of Grand Rapids

2016 Total Sales Volume: $13,343,506

2017 Total Sales Volume: $17,456,922

This means sales were UP 31%

2016 Average Sale Price: $148,261

2017 Average Sales Price: $158,699

This means the average sale price is UP .07%

Town of Saratoga

2016 Total Sales Volume: $4,564,644

2017 Total Sales Volume: $4,607,500

This means sales were UP .1%

2016 Average Sale Price: $147,243

2017 Average Sale Price: $127,986

This means the average sale price went down 15%

City of Nekoosa

2016 Total Sales Volume: $2,028,400

2017 Total Sales Volume: $2,276,050

This means sales were UP 12%

2016 Average Sale Price: $72,442

2017 Average Sale Price: $78,484

This means the average sale price went up .08%

Town & Village of Port Edwards

2016 Total Sales Volume: $3,802,900

2017 Total Sales Volume: $4,600,750

This means sales were up 21%

2016 Average Sale Price: $100,076

2017 Average Sale Price: $100,016

This means the average sale price went down .005%

Overall a pretty great year!

At this point inventory is still very low, especially in the City of Wisconsin Rapids and the Town of Grand Rapids.

If you have any questions about these numbers, feel free to let me know. ~ Keith

**All numbers were pulled from the Central Wisconsin Multiple Listing Service, and pertain only to the sales of single family homes.**