Vilas County Equalized Value Report, by WI Dept of Revenue, August 2012
The 2012 figures show the percent change in equalized valuation Vilas County experienced between the 2010 and 2011 real estate valuations. The equalized value of residential real estate in Vilas County dropped 5% last year (based on the comparison of equalized values as of Jan 1, 2011 and Jan 1, 2012), the largest decline in recent history.
The first half of 2012 has included heavier demand for real estate in our area (and many areas across the country), suggesting that we may be bouncing around at the bottom. As real estate sales volume grows, helping prices to stabilize.
See the August 15, 2012 Press Release by the Wisconsin Department of Revenue. http://www.revenue.wi.gov/news/20120815_01.pdf
Eliason Realty of the North, Inc.
Eagle River, St Germain, Vilas County, WI -- www.EliasonRealty.com