NW WI Market Update: It’s Been a Long, Hot Winter (In Real Estate)

It’s been a long, cold winter, and spring is finally here.  But never mind the weather; this winter our local lake home and cabin market never did freeze up the way it sometimes can.  In fact, it’s been a long, hot winter.

During the past couple months, I’ve sold nearly my entire inventory of lake homes and cabins.  I need more quality listings now.

If you or anyone you know might be interesting in selling this year, please give me a call. Meanwhile, to learn more about what’s been selling, check out the gallery below.

Buyers just closed on their dream Trego Lake cabin

I’m lucky to work with such wonderful buyers. Doug and Pam just closed on their Trego Lake cabin. They are eagerly anticipating the fishing, boating, and other area recreation when Spring finally arrives.

 Thinking of buying or selling in the Trego or Spooner area? Call Jean Hedren, Your Edina Realty NW Wisconsin Realtor, 218-590-6634.

In the tabs above you can find out more about me and also about the communities and lakes in the area.

A helpful moving checklist

You have an accepted offer on your dream home. Now what? Besides the inspections and financing responsibilities to do before closing, there’s a houseful of stuff to move. Here is a handy checklist from ABR Home Buying Resources designed to help you organize from 8 weeks out all the way to moving out and moving in.

Rebac

Tips for a NW Wisconsin real estate market in transition

I have several buyers who are patiently watching the MLS listings for an especially good deal.  I’ve also been passing along listings that seem like a good fit.  Sometimes buyers have been ready to move quickly, and that’s paid off.

Other buyers were busy with work and family commitments, and they needed to wait a couple weeks before we could schedule a showing.  Sometimes that still works out.  But other times I’ve requested a showing and learned that another buyer has just made an offer that’s already been accepted.  Notice a pattern here???

I’m a Realtor, and of course you’d expect me to say that right now is a great time to buy or sell.  But the thing is, right now that’s especially true.  Consumer confidence is up, we’ve been seeing some promising economic indicators, interest rates are still low, and our Northwestern Wisconsin real estate market is moving faster than the snow is melting.  That’s good news for buyers and sellers alike.

If you’re a seller, you’ll still be facing some competition.  There’s a lot of inventory out there, and it’s important to have realistic expectations about what your home, cabin, or land is actually worth in today’s market.  But prices are more stable; homes priced correctly for the local market are selling quickly. Homes priced on the high side are languishing.

And if you’re a buyer, here are some tips to keep in mind during this transitional market.  Even if our market here in NW WI isn’t white hot, it’s at least warming up enough so you’ll need to let go of certain assumptions that are no longer valid.  If you find something you like and it’s a good value, don’t assume no one else has noticed it and come to a similar conclusion.  Instead, please call me so we can schedule a showing now.

If we go take a look and you like what you see, don’t assume you’ll be able to think things over for even a couple weeks before you take a second look.  Someone else with similar tastes may have also seen this home or cabin for the bargain it is.  By the time you’ve taken two more months to think it over, their moving van could already be backing up to the front door.

Finally, here’s one last bit of advice.  Pursue perfection, but prioritize your wants and needs.  Now, not all of my buyers have the same dreams.  Some, for example, want a sandy beach, while others want a small quiet lake that’s better for fishing and watching wildlife.  But when you do find the location that’s just right for you, you can always remodel the bathroom or replace that pink carpeting in the guest bedroom.  Know what matters most, and know what you want so you’ll be ready when you see it.

Thinking of buying or selling real estate in NW Wisconsin? Call Jean Hedren, Edina Realty NW Wisconsin, 218-590-6634. Email: jeanhedren@edinarealty.com.

Make this lovely 3 bedroom home your year round home or getaway. More than 2300 sq ft of living space, large kitchen, main level laundry, main level master suite, huge lakeside windows for great lake and wildlife viewing, attached and detached garages. McKinley Lake is a great fishing and boating lake. This home offers 225′ of sand bottom lake frontage and easy elevation. Minutes from Spooner and Trego, WI.

Property details: N7610 Island Lake Rd, Spooner, WI.

Interested in seeing this home? Call Jean Hedren, Edina Realty NW Wisconsin Realtor to schedule a showing. 218-590-6634. Or, email: jeanhedren@edinarealty.com

Come home to this lovely 3 BR home on McKinley Lake. N7610 Island Lake Rd, Spooner WI.

Northwoods cabin cutie sold in 11 days. Hayward, WI

N7951 Wolf Lane, Hayward, WI. Sold 3/1/19. $164,900. 1 BR, 2 BA, 1408 sq ft. 5 acre lot, on quiet Devils Lake.

Charming newer Adirondack-style cabin in a lovely wooded setting with end-of-road privacy. Westerly lake views on quiet Devils Lake. Open floor plan with pine interior finish and floors. Screen porch and deck. Large loft and lower level family room offers additional sleeping space. Large family room, second bathroom, and laundry in lower level. Enjoy paddling and fishing on this lake with LM Bass and panfish per DNR. Only 20 min to Hayward.

“This photogenic cabin was a delight to photograph,” says photographer Al Cambronne.

Thinking of buying or selling real estate in NW Wisconsin? Call Jean Hedren, Edina Realty NW Wisconsin, 218-590-6634. Email: jeanhedren@edinarealty.com.

6 ways to make a great first home selling impression

You won’t have a second chance to make a good first impression. When everything in the front of the house is in perfect repair, buyers will think your house is obviously well cared for. 

  • Your front door can be your home’s focal point. Replace an old door with peeling paint or dated hardware with a new steel door. Or, salvage the door with a fresh coat of paint and new hardware. Satin nickel, black, and bronze are the trends.
  • Wash windows inside and out and remove screens for added sparkle.
  • A garage can make a big impact. Replace or paint the door.
  • Don’t overlook the front porch. It’s an iconic symbol of American living. Stage a rocking chair or outdoor table and chairs.
  • Driveway. Repair cracks and clean up oil stains. If budget allows resurface the driveway.
  • After dark. Portable outdoor lights aimed at the house or a beautiful tree offers a low-cost, high-impact effect.

Selling a home in NW Wisconsin? Send me an email or give me a call at 218-590-6634. Or, email me: jeanhedren@edinarealty.com. I’ll be happy to provide a current price analysis to give you an idea of what your home will sell for in the current market.