I hope you are well!
Door County's lakefront market continues to solidify its position as a high-value, highly competitive segment. This isn't just about appreciation; it's about sustained demand for a limited, premium asset.
Soaring Values: We've seen incredible appreciation. Residential waterfront homes across Door County experienced a 215% increase in median price from 2019 to 2024, jumping from $383,000 to an impressive $825,000. Looking at the overall 2024 data, the median sales price for all Door County residential waterfront properties climbed to $1,139,216, and for Northern Door County, it reached an even more striking $1,700,400. This tells us these properties are in a league of their own.
Swift Action Required: Homes here are moving. The average Days on Market (DOM) for Door County waterfront in 2024 was just 95 days, a significant drop from 329 days a decade ago. In Northern Door, that number was 100 days. This is not a market for hesitation; it's a market for prepared, decisive action.
Tight Inventory: The number of waterfront homes on the market has remained consistently tight, with a slight decrease in overall listings. This limited supply, coupled with strong demand, continues to drive competitive conditions and premium pricing, especially for properties overlooking Green Bay.
While specific lakefront data for Kewaunee County is less granular, the overall residential market trends provide compelling insights into the accelerating pace and potential for waterfront properties.
Rapid Appreciation: The median sale price for all homes in Kewaunee County saw a remarkable 30.0% year-over-year increase, reaching $325,000 as of recently. This powerful surge indicates growing desirability across the county.
Market Speed: The average listing age for homes here plummeted by over 81% in the last year, now sitting at approximately 51 days. This shows a market that's moving with considerable speed, with over 57% of homes selling above list price. This trend strongly suggests that waterfront properties, with their inherent scarcity, will be moving even faster and commanding strong offers.
Hidden Gems: While inventory is tight, opportunities for lakefront homes do exist in Kewaunee County, often representing strong value compared to their Door County counterparts. These properties often require swift, prepared buyers to secure them.
This market isn't about sitting back and waiting; it's about decisive, informed action.
Capitalize on Peak Value: If you've been considering selling your lakefront property, now is the time to leverage the substantial appreciation. The market is primed to reward sellers with top dollar.
Strategic Pricing is Paramount: While prices are high, we'll analyze the data with precision. An expertly priced home, even in a seller's market, generates optimal interest and competitive bidding.
Presentation Sells: High-quality photos, compelling descriptions, and strategic marketing are crucial to capturing the discerning buyer's attention in a competitive landscape. We don't just list; we market to captivate.
Be Prepared to Act: With low inventory and quick sales, especially in Door County, pre-approval is not just recommended, it's essential. Have your financing in order, and be ready to move swiftly when the right property emerges.
Targeted Search is Key: Don't just browse. We need a precise strategy to identify properties that match your specific criteria, especially as we look at expanding into commercial opportunities. My analytical approach will help us pinpoint true value.
Consider Kewaunee County's Value: If Door County's premium prices are a stretch, Kewaunee offers compelling lakefront opportunities with significant upside, especially given its rapidly appreciating market. It's an area ripe for strategic investment.
Partner with a Local Expert: As a resident myself, I bring an unparalleled understanding of the local nuances, micro-markets, and hidden gems across both counties. This local expertise, combined with my broader strategic vision, can uncover opportunities others might miss.
The market for lakefront homes in Door and Kewaunee Counties is dynamic, valuable, and demands a partner who understands how to build success. My passion for building, combined with a commitment to strategic marketing and decisive action, is designed to deliver for you. Just as I helped a recent client sell their condo in just 10 days after a month of stagnation through for sale by owner, I'm confident my approach can work for you.
I'm here to discuss how you can benefit from this market and my extensive reach. Please don’t hesitate to reach out to schedule an in-person or remote meeting at your convenience. You can call or text me directly at 920.304.6035 or email me at eric@jcrealtors.com. Being a resident, I'm readily available to assist you in making your next move a strategic triumph.
Don’t hesitate to reach out with any additional questions!