The January market statistics from the MLS are out. Both Burnett and Washburn Counties show consistent activity to one another with 26 new listings coming on the market in Burnett and 32 new listings in Washburn County. The average list price is $167,200 in Burnett and $164,900 in Washburn. That’s really interesting to see both areas be so similar to one another!
As for sales in the month of January, 5 properties closed in Burnett County last month with an average sale price of $140,000 and 6 properties closed in Washburn County with an average sale price of $93,500. The most positive news I can glean from what we received is that the properties are closing at 95/96% of the list price. That’s up from the overall results for 2009 and tells us that the properties are either becoming more appropriately priced and/or buyers are offering closer to the list price. Either way, it’s a good direction. We’ll keep you posted!