Today I’m going to be evaluating the Northeast Green Bay WI Real Estate market. However, before we get into that I’d like to share with you why I personally enjoy the Northeast Green Bay WI area. I grew up in the Northeast Side of Green Bay WI and called Schmitt Park home and attended the great public education that the Green Bay School District has to offer.
Why Northeast Green Bay WI is a Great Place to Live
- Northeast Green Bay WI has a ton of outdoor activities that are great for everyone. Bairds creek offers disc golfing, hiking/mountain biking trails and so much more!
- The Green Bay WI School District is award winning and has a very strong reputation.
- Northeast Green Bay WI offers a huge portion of Green Bay, WI waterfront properties on the Bay.
Evaluating Northeastern Green bay WI Properties – Absorption Report
For those of you who are unfamiliar with the term absorption report I’ll explain. It’s a term becoming much more widely used in the real estate world. An absorption report is the measurement of how long it will take to clear out the inventory of homes based on how fast they are selling. If you’ve been watching the national media you will hear the terms buyers’ market and sellers’ market over and over again. One way to establish what kind of a market your home falls into is by using absorption reports.
When I study absorption reports I look at the specific area. In this case I’m studying the absorption report for Northeast Green Bay WI Real Estate Market. The power of studying individual markets and not the whole Green Bay WI Real Estate market is that I can get a pulse on what’s happening in the specific Northeast Green Bay WI area.
Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.
What Determines a “Buyers Market” or “Sellers Market” in Northeast Green Bay WI
Market Absorption Analysis:
- 6 Months Supply is a “Balanced Market”
- Less than 6 Months Supply is “Sellers Market”
- More than 6 Months Supply is “Buyers Market”
Breakdown of the Northeast Green Bay WI Real Estate Market
- The Northeast Green Bay Real Estate Market in the price range from $0-$150,000 currently has 103 properties listed with an average of 131 days on market. There is an average of 8.17 homes per month selling which equates to a current monthly supply of 12.6.
- The Northeast Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 5 properties listed with an average of 96 days on market. There is an average of .83 per month selling which equates to a current monthly supply of 6.0.
- The Northeast Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 7 properties listed with an average of 135 days on market. There is an average of .67 per month selling which equates to a current monthly supply of 10.5.
- The Northeast Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 13 properties listed with an average of 176 days on market. There is an average of .75 per month selling which equates to a current monthly supply of 17.3.
- The Northeast Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 21 properties listed with an average of 163 days on market. There is an average of .92 per month selling which equates to a current monthly supply of 22.9
Negatives of the Northeast Green Bay WI Real Estate Market
The date above shows some struggles in Northeast Green Bay WI real estate market:
- In the lower price range we have a large supply of homes
- The higher tiered price points do not have a lot of properties listed, but they are all selling less than 1 home per month on average
- Until the sales pick up we’ll continue to have a supply and demand problem
Hiring the Right Real Estate Professional
You can sell your home in Northeast Green Bay WI but it will take a savvy real estate agent who has a true understanding of the market conditions. If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144. The Green Bay Real Estate Market is changing and now is the time to align yourself with Green Bay Real Estate Expert - Greg Dallaire.
Greg Dallaire, also known as “Green Bay Greg“ is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay WI Home SOLD! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. View Green Bay Greg’s Video Testimonials
Copyright © 2009 By Greg Dallaire, All Rights Reserved. *Northeast Green Bay Real Estate Market Update*
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