The Northeast side of Green Bay offer’s many beautiful scenic areas including stunning waterfront property on the Bay of Green Bay. You can enjoy the Baird’s Creek area which boast’s disc golfing, mountain bike trails, winter sledding hills, skiing and snowboarding. Northeast Green Bay also has your typical amenities such as great places to eat and shop and so much more. Today we will be focusing on the Northeast Green Bay Real Estate Market.
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 Northeast Green Bay Wisconsin Real Estate Market. The power of studying individual markets and not the whole Green Bay Real Estate market is that I can get a pulse on what’s happening in the specific Northeast Green Bay area.
Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.
Market Absorption Analysis:
- 6 Months Supply = Balanced Market
- Less than 6 Months Supply is Sellers Market
- More than 6 Months Supply is Buyers Market
The Northeast Green Bay Real Estate Market in the price range from $0-$150,000 currently has 99 properties listed with an average of 118 days on market. There is an average of 8.83 homes per month selling which equates to a current monthly supply of 11.2.
The Northeast Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 6 properties listed with an average of 71 days on market. There is an average of 1.00 per month selling which equates to a current monthly supply of 6.
The Northeast Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 6 properties listed with an average of 154 days on market. There is an average of 1.00 per month selling which equates to a current monthly supply of 6.
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 183 days on market. There is an average of 1.17 per month selling which equates to a current monthly supply of 11.1
The Northeast Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 23 properties listed with an average of 199 days on market. There is an average of .67 per month selling which equates to a current monthly supply of 6.
You can sell your home in the Northeast Green Bay area but it will take an 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 now is the time to align yourself with Greg Dallaire a true local Green Bay Real Estate Expert.
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 Homes for sale 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 to get the real story on how Greg handles his real estate business.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Green Bay Real Estate Voice does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Green Bay Homes Blog represent the opinions and ideas of the author(s). Green Bay Real Estate Voice does not express the views of Micoley and Company, or those of the broker.
Copyright © 2009 By Greg Dallaire, All Rights Reserved. *Northeast Green Bay Real Estate Market Update June 1 2009*
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About Greg Dallaire
Greg, your analysis of the Green Bay Real Estate market is spot on. Have you been targeting the 150-200k price range for taking listing cause you know they stand a great shot at selling? Hey, how about the 250-400k range? That is music to my ears with the current real estate market! You are a very well informed real estate professional. Even though I am a Broker myself, you will be listing my parents home for sale when they are ready.
Robert,
I focus on working with sellers who have realistic expectations and listen to my consultative approach to selling home in Green Bay WI. As the reports show I’m having greater success with my 100-200 priced listings. I look forward to working with your parents when the time is ready. That in itself is a very nice thing to say with your own personal real estate experience.