We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready. Whatever the move you want to make looks like, our team would love the opportunity to discuss the current market with you and help determine the best approach to listing your property.
Our market area in Wisconsin extends from Minocqua to Eagle River, Manitowish Waters, Presque Isle, Rhinelander, Tomahawk, Park Falls, Mercer, and all areas in between and beyond.
When listing with the Rasmussen Team, you will receive a customized marketing plan that best suits you and your property. Our team provides high-quality professional photography including aerial imagery. Below are some examples of our video tours followed by a large gallery of photos used in marketing of our listings. We believe a strong online presence with top-notch photography / videography will draw in the most interested buyers enabling you to get top dollar for your property.
If you are considering selling your property, our first step is to discuss your goals with you. After that, we would arrange a time to view your property in person, whether it be a home, vacant land, condominium, farm, commercial, or any type of property. Upon our viewing, we will gather a variety of information and take photos and measurements (if applicable). Finally, after thoroughly reviewing property data, maps, permits, property sales history, comparable sales and listing data, we will provide you with a complete listing presentation either digitally, print, or both, as desired.
Contact our team today to discuss your property, and schedule our viewing and market analysis.
When deciding to list your property, our team will help you determine the most competitive asking price to help you obtain the most return on your investment. When pricing competitively, you position yourself to receive multiple offers and competitive bids. On the flip side, overpricing can potentially eliminate some competition and ultimately lead to lowering your asking price over time on the market. Having to lower your asking price can cause your listing to appear "damaged", whereas pricing lower in the first place has proven to drive the price up by buyers offering over asking price. The reason this happens boils down to how buyers have their property search set. For example, when a buyer is looking for a property up to $400,000, and their search criteria is set accordingly, they are missing out on seeing listings over $400,000. If your home is priced at $450,000, that buyer may not be aware of your listing. However, if your home is priced at $399,000, the buyer might still be willing to offer $450,000 after viewing the home and realizing the value is worth $450,000, especially after learning multiple other buyers have the same idea and having the fear of missing out. If the initial list price would have been $450,000 up front, there could be less competition leading buyers to believe they can offer below asking price.
The market is always fluctuating. Over the course of the last year, we have seen prices drastically increase. Pricing still remains high, with the lowest inventory we have seen in years. When supply is low, demand is high, and prices remain high. Due to this current state of a "Seller's Market", now is an excellent time to list your property before we shift back into a "Buyer's Market."
Contact our team today to discuss the best pricing strategy for your property.
This year our market area has experienced the highest amount of sales over asking price as ever before. Below are examples of just a small number of the listings that sold over the last three months in Oneida and Vilas counties well over asking price. During this time period, 209 waterfront homes sold in Oneida and Vilas counties, with an average list price of $514,882, and an average sale price of $522,075. During these same dates last year (2020) and same criteria, the average list price was $384,169, with an average sale price of $365,744.
2BR Cottage in Cassian - Listed for $265,000 - Sold for $301,000 - $36K OVER
3BR Condo in Arbor Vitae - Listed for $291,000 - Sold for $320,000 - $29K OVER
2BR Cabin in Minocqua - Listed for $310,000 - Sold for $410,000 - $100K OVER
3BR Home in Cassian - Listed for $339,000 - Sold for $400,000 - $61K OVER
3BR Home in Cassian - Listed for $349,000 - Sold for $375,000 - $26K OVER
2BR Cabin in Lake Tomahawk - Listed for $349,900 - Sold for $405,000 - $55K OVER
3BR Home in Woodruff - Listed for $380,000 - Sold for $450,000 - $70K OVER
3BR Condo in Land O Lakes - Listed for $388,500 - Sold for $420,000 - $31.5K OVER
3BR Home in Lac du Flambeau - Listed for $398,500 - Sold for $446,000 - $56.5K OVER
2BR Home in Woodboro - Listed for $399,900 - Sold for $460,000 - $60K OVER
3BR Home in Hazelhurst - Listed for $429,900 - Sold for $550,000 - $120K OVER!
3BR Home in Boulder Junction - Listed for $450,000 - Sold for $510,000 - $60K OVER
3BR Home in Lake Tomahawk - Listed for $450,000 - Sold for $476,000 - $26K OVER
3BR Home in Cassian - Listed for $489,900 - Sold for $530,000 - $40K OVER
4BR Home in Minocqua - Listed for $539,000 - Sold for $575,000 - $36K OVER
2BR Home + Guest Cottage in Three Lakes - Listed for $599,900 - Sold for $640,000 - $40K OVER
5BR Home + Guest Cottage in Land O Lakes - Listed for $1,399,000 - Sold for $1,450,000 - $51K OVER
Click the link below to view these recent sales:
975 Homes and 702 Vacant Lots sold in Oneida and Vilas Counties so far in 2021, as of August 23.
Most vacant waterfront lots have been selling closer to asking price this year, with some selling slightly below asking price. It's less common for a vacant lot to sell above asking price in comparison to homes. Waterfront homes and off-water homes that are move-in ready are the most likely to sell above asking price, unless highly overpriced up front.
Please reach out to our team to inquire regarding any additional statistics.