Two words describe the Door County real estate market in 2020–Fast and Aggressive.
Few listings for sale, less days on the market, and higher sale prices in just about every property category were the result of that fast and aggressive 2020 Door County real estate market.
Market Trends Year Ended 12/31/2020 Residential Waterfront Homes
In each of the charts below you will see a comparison of year end 2019 as compared to year end 2020.
In this Residential Waterfront chart you will note there were more sales, the average sale price increased, and there were fewer homes for sale 12/31/2020 versus 12/31/2019.
|Residential Waterfront||2019||2020||% Change|
|Number of Home Sales||42||66||57.14%||+|
|Average Sales Price||$771,529||$840,136||8.89%||+|
|Average Days on Market||233||233||0%||+/-|
|Number of Homes on Market||51||16||68.62%||–|
Inland Residential Homes Market Trends 12/31/2020
|Residential Inland||2019||2020||% Change|
|Number of Home Sales||151||190||25.82%||+|
|Average Sales Price||$324,491||$387,271||19.34%||+|
|Average Days on Market||173||190||9.82%||+|
|Number of Homes on Market||106||65||38.67%||–|
Waterfront Land Sales – Market Trends 12/31/2020
Waterfront land sales is a category that had unusual activity in 2020, as compared to the other categories. There were fewer sales, the average sale price was down a bit, and the days on market were longer. Because there are always few waterfront lots for sale and few sold, one or two transactions with a lesser sale price can change the statistic dramatically.
|Waterfront Land||2019||2020||% Change|
|Number of Land Sales||19||17||10.52%||–|
|Average Sales Price||$341,672||$317,906||6.95%||–|
|Average Days on Market||199||302||51.75%||–|
|Number of Listings on Market||29||14||51.72%||–|
Inland Home Site and Lot Sales – Market Trends 12/31/2020
|Inland Land||2019||2020||% Change|
|Number of Land Sales||142||217||54.22%||–|
|Average Sales Price||$61,620||$80,319||30.34%||+|
|Average Days on Market||453||527||16.33%||+|
|Number of Listings on Market||397||274||30.98%||–|
Year End Market Trends – Residential Condominium 12/31/2020
|Residential Condo||2019||2020||% Change|
|Number of Condo Sales||145||136||6.20%||–|
|Average Sales Price||$102,571||$106,393||3.02%||+|
|Average Days on Market||232||223||3.87%||–|
|Number of Condos on Market||71||67||5.63%||–|
Hotel Condominium – Year End Market Trends 12/31/2020
|Number of Condo Sales||54||65||20.37%||+|
|Average Sales Price||$102,571||$106,393||3.72%||+|
|Average Days on Market||346||232||32.94%||–|
|Number of Condos on Market||53||24||54.71%||–|
Recreational Condominium Market Trends 12/31/2020
Heritage Lake is a recreational condominium.
|Recreational Condo||2019||2020||% Change|
|Number of Condo Sales||9||24||166.66%||+|
|Average Sales Price||$102,472||$110,825||8.15%||+|
|Average Days on Market||188||106||43.61%||–|
|Number of Condos on Market||8||0||100%||–|
This representation was prepared by Lisa Bieri, Shorewest Realtors-Door County Realty. from the MLS statistics on 1/3/2020 and is based on data supplied by the Door County Board of REALTORS Multiple Listing Service. Neither the Board nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. All REALTOR member agencies report all their sales to the MLS unless directed otherwise by a seller. Therefore, there may be some sales not included in these statistics. Private sales (those with no REALTOR involvement) are not included in these statistics.