Northern Wisconsin Real Estate Snapshot – January 2013
Our most recent analysis of real estate trends in northern Wisconsin indicates that both the numbers of transactions and sale prices are stabilizing and are beginning to strengthen for property 20 to 1,000 acres in size. Since 2005, the general trend has been an overall decrease in the number of sale transactions and average price per acre, but we are seeing a shift in that pattern.
The graphed data sets show general trends in the number of sale transactions and the average price per acre in twelve counties, grouped into three regions, in north central and northwest Wisconsin. The data outputs are based on arm’s-length transfers of property from 20 acres to 1,000 acres recorded in the Wisconsin Department of Revenue Transfer Returns Database.
The data is analyzed in six-month time periods from 2005 to present. The first three graphs depict the number of transactions within the six-month time frame, while the last three depict the average sale price per acre within the same time frame.
Number of Sale Transactions
Price per Acre
Now is an opportune time to purchase forestland for recreational or investment purposes. Forestland can be a great investment, appreciating over time while producing revenue through timber harvest. Some species such as red pine and aspen can produce over $50 per acre per year. At the same time, this land can provide you with numerous recreational opportunities and a place to call your own.
At Steigerwaldt Land Services, our staff of foresters, appraisers, GIS mapping specialists, surveyor, and real estate agents can evaluate your property and give you practical advice on selling or buying forestland. Contact us today at 715-453-3274 or firstname.lastname@example.org and we would be happy to discuss your real estate brokerage needs.