Including properties currently under contract, there are now 20 properties that changed hands so far this year on the Waupaca Chain O’ Lakes. This compares to only 8 selling last year and 15 sold in 2007, which was the start of the current recession.
Last summer there were a ton of properties for sale on the Chain – peaking at 54 Realtor for sale signs spread around the Chain lakes. Today, there are 40 for sale signs planted in yards around the Chain.
If you would like to see a complete list of all Waupaca Chain properties for sale and for some expert analysis of Chain properties that have sold this year please visit: www.WaupacaWaterFront.com
Tax bill “Fair Market Value” is not always accurate when analyzing property sales on the Chain however, it is interesting to note the fact that 9 Chain properties sold under their “Fair Market Value” tax bill value and 6 have been sold at over the tax bill amount. And, most of the ones that sold at over this number where the higher value homes.
As further evidence of vitality around the Chain, there were three new construction homes that saw owners move into this spring and currently, there are two new homes under construction on Chain lakes: Miner and Dake Lakes.
Anyway you analyze Chain property sales for this year – it was a “red hot” season for sellers!