Sales Up Despite COVID-19 Crisis

The economy has been drastically impacted by the global shut down of business and activity. In the wake of this crisis, even as things slowly open back up, there are some great opportunities for Northern Wisconsin vacation property buyers and sellers. 

Now more than ever, the serene and simple lake life in the idyllic surroundings of Northern Wisconsin is within reach. Low interest rates have motivated buyers to take advantage of unprecedented opportunities for owning Northern Wisconsin property. An active, fast-moving market has helped sellers focus on what’s next.

The Coronavirus lockdown didn’t stall everything. 

The Northern Wisconsin cabin and resort real estate market remains in constant motion, trending actively upwards. People who have been considering investing in vacation or resort property should look seriously at moving ahead in this season. Property is moving throughout the region. In our 7-county area alone, nearly 20% of active vacation property listings have an accepted offer.

In the counties where Patrick Schey and his team at Lakeplace – Vacationland Properties focus many of their efforts, these numbers speak for themselves. In Vilas county alone in Northern Wisconsin, the average sale price for vacation property this year has been $195,551. In Oneida County, that number is at $188,589, and in Lincoln County, cabins and vacation properties have sold at an average of $130,160. These figures mean even more when considering that 45% of these sales were cash deals. 

It’s a rare economic time, one that is good for buyers and sellers alike.

Are you ready to find a lake home, vacation or resort property? 

While many small businesses reel from the stalled economy and difficult process of , lakeshore real estate, lakefront homes, cabins, and cottages across the Northern Wisconsin region continue to move. Those considering an investment in cabin property need to work with real estate experts who also happen to love the north and know the lakes. 

It’s an active market, and if you are looking for a vacation property or resort, let Patrick Schey’s team at Lakeplace – VacationLand Properties help you make the right move.