Property investing in Minocqua, Wisconsin
File(s)
Date
2015-04Author
Stubblefeld, Kyle
Publisher
University of Wisconsin--Stout. Research Services
Advisor(s)
Fanta, Fassil
Metadata
Show full item recordAbstract
Real estate investing is a potentially lucrative profession that can
assist in building a person’s wealth. This type of investing can be rewarding
anywhere, but the purpose of this research is to find out what motivates a
person to purchase an investment property in Minocqua, Wisconsin. Economic
conditions in the area have vastly improved with 412 jobs added in
2013 and 16,452 people employed as well as a 2.4% increase in wages and
even a fairly low cost of living (Walsh, 2013). The economy has been improving
and the real estate market has significantly improved as well. “In
2007 only 5,981 listings were sold in comparison to 6,254 in 2013” and sale
prices have also increased (Gores, 2014). The median sale price in 2013 was
$120,000, which shows a 4.2% increase from the lowest point in 2011 of
$115,000 (Gores, 2014). As of May 4, 2014, 21 listings have sold with a median
sale price of $125,000, which is also an increase of 4% (Interfacexpress).
Additionally the town of Minocqua’s real estate is currently valued at $1.5
billion dollars (Town of Minocqua, 2014). All of this data leads to the conclusion
that now would be an ideal time to invest in the Minocqua real estate
market, because the economy and real estate market both show substantial
improvement.
Subject
Minocqua
real estate market
economic condition
Permanent Link
http://digital.library.wisc.edu/1793/77518Description
Research articles with tables and graph.
Citation
Stubblefeld, K. (2015). Property investing in Minocqua, Wisconsin. University of Wisconsin-Stout Journal of Student Research, 14, 33-46.