Kewaunee Housing Market outperforming Door County

Door County’s Home Market Continues to Dip in 2009 While Kewaunee Begins to Stabilize
via Door County Style by Staff Reporter on 2/11/10

Nationwide, the housing market began to slowly gain momentum with each passing quarter, ending the year up an encouraging 4.9% over 2008. The state of Wisconsin mirrored this growth with a drastic swing of being down 22.6% in the 1st quarter of 2009 to being up 25.6% in the 4th quarter. This meant an overall flat year for home sales in the state.

In Door County the average price of a home sold in the 4th quarter of 2009 decreased by 21.7%, with a 14.7% decrease for the overall year. Number of homes sold in Door County increased 8.3% in the 4th quarter of 2009 and experienced an overall drop of 7.4% when comparing 2008 to 2009.

On the other hand, Kewaunee looks as if they, along with the rest of the state, are reaping the benefits of the tax credit. In the 4th quarter of 2009, there were 46 homes sold as compared to 21 homes sold in the 4th quarter of 2008 – a 119% increase. Overall, Kewaunee County’s home market seemed to stabilize in 2009 with a 2% increase in median home price from $99,500 in 2008 to $101,500 in 2009 and a 4.3% drop in total home sales from 140 in 2008 to 134 in 2009.