STATE OF THE LAKES | 2020 YEAR-IN-REVIEW
JJ Hausmann Team
LA KE KEESUS
NORTH LA KE
MOOSE LA KE
BEAVER LAK E
OK AUCHEE LAK E
LAC LA BELLE PINE LAK E
OCONOMOWOC LAK E LOWER NASHOTAH LA KE SILVER LAK E
UPPER NASHOTAH LA KE
UPPER NEMA HBIN LA KE
NAGAWICK A LA KE PEWAUKEE LAK E
LOWER NEMA HBIN LA KE
The JJ Hausmann Team
L ake Country Listings Market Update
Lake Country holds some of Wisconsin’s most desired lakes. People from around the state and parts of Illinois flock to the region in the summers for boating, fishing and relaxing to enjoy area festivities in area towns like Pewaukee, Oconomowoc, Hartland, Delafield; to name a few. Winters in Lake Country are popular for ice fishing, snowmobiling, iceboating, skiing, cross-country skiing and snowshoeing. Lake Country is the ideal place to live as it’s situated 35 minutes from the Milwaukee airport, Madison and Year to Year Change under 2 hours to Chicago. It has the 2015 2016 2017 2018 2019 2020 2019-2020 as % “up north feel” without having to 23% Number of Properties Sold 114 135 139 124 131 161 drive four hours to your destination 8% Highest Price Sale $4,850,000 $3,750,000 $3,900,000 $3,000,000 $5,100,000 $5,500,000 and all amenities are within a short 31% Average Sold Price $924,039 $1,003,393 $959,452 $948,963 $1,089,340 $1,423,261 drive (restaurants, arts, movies, -12% Average Days on Market 100 128 103 73 73 64 groceries). The number of Chicago buyers in our area has been increasing List Price / Sold Price 0% 94% 95% 94% 96% 96% 96% year after year. COVID intensified this Average Price Per Sq. Ft. 18% 288 311 306 316 349 413 trend! IL Buyers are now not only looking for 2nd homes but primary homes too with the mindset of commuting a couple days a week. We believe this will continue into 2021 based on the amount of inquiries and web traffic we are seeing from the Chicago suburbs.
all lake homes sold
Lake Country Listings provides a micro-report focused on Lake Home real estate for the Lake Country area. In 2020, the average price of lake homes in the area increased by 31%, making the average sale price just over 1.4. The total number of lake homes sold increased by 23%. We believe the number of lake homes sold will decrease in 2021 due to lack of inventory but the average selling price will increase with low inventory and high demand. Buyers will continue to face more competition and have to act more quickly and be creative to snag their dream home. Now more than ever you will need an agent who can help you stand out from that buyer pool. This is still a great time to buy and sell; contact us to find out how we will come up with a strategy that’s right for you.
www.LakeCountryListings.com
END OF YEAR REPORT 2020
Pine Lake
• Size: 711 acres • Maximum Depth: 85 feet • Trophic State: 31 • Lake Bottom: 5% Sand, 90% Gravel, 0% Rock, 5% Other • Fish Include: Largemouth Bass, Northern Pike, Smallmouth Bass, Walleye, Panfish • Spring fed • Home to the Pine Lake yacht Club • The Name “Chenequa” comes from the Potawatomi Indian word for Pine, referring to a rare southern Wisconsin grove of White Pines. Some of which still stand today along the Eastern Shore of Pine Lake.
The JJ Hausmann Team
Pine L ake Market Update
pine lake stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
4
6
4
2
4
12
Highest Sale Price
$4,850,000
$3,700,000
$3,900,000
$2,500,000
$4,500,000
$5,500,000
Average Sale Price
$3,666,163
$2,191,667
$2,486,750
$2,044,500
$3,606,250
$3,510,260
44
223
113
148
77
73
93%
91%
89%
94%
92%
98%
527
432
460
420
582
677
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
Pine Lake Beauty brought the
HIGHEST PRICE SALE recorded in MLS for Lake Country
www.LakeCountryListings.com
END OF YEAR REPORT 2020
Pewaukee Lake
• Size: 2,437 Acres • Maximum Depth: 46 feet • Trophic State: 46 • Lake Bottom: 20% sand, 25% gravel, 0% rock, 55% other • Fish Include: Musky, Largemouth Bass, Northern Pike, Panfish, Walleye • Dam Controlled, Spring Fed & drained by the Pewaukee River • Pewaukee Yacht Club hosts inland sailing races annually • Numerous Restaurants and Bars for boaters to access • Largest Lake in Waukesha County • City Sewer since 1963 • 4.5 Miles Long, 1 Mile wide The JJ Hausmann Team
Pewaukee L ake
Market Update
pewaukee lake stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
20
27
23
23
18
27
Highest Sale Price
$1,250,000
$1,574,000
$1,940,000
$1,950,000
$2,000,000
$3,575,000
Average Sale Price
$686,200
$710,139
$739,144
$859,793
$1,063,426
$1,251,594
126
129
80
91
45
52
95%
95%
97%
98%
96%
97%
266
264
291
299
343
372
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
Over the past 3 years
THE JJ HAUSMANN TEAM HAS SOLD MORE PEWAUKEE LAKE HOMES THAN THE NEXT 10 AGENTS COMBINED. Average Sale Price up 80% since 2015.
www.LakeCountryListings.com
END OF YEAR REPORT 2020
Nagawicka Lake
• Size: 918 Acres • Maximum Depth: 90 feet • Trophic State: 42 • Lake Bottom: 0% sand, 60% gravel, 0% rock, 40% other • Fish Include: Largemouth Bass, Northern Pike, Panfish, Smallmouth Bass, Walleye • Dam Controlled, Fed & Drained by the Bark River • 2.5 miles long, 1 mile wide • Annual Ice Fishing Jamboree every February • Created by a glacier 20,000 years ago
The JJ Hausmann Team
Nagawicka L ake Market Update
nagawicka lake stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
18
19
17
11
16
13
Highest Sale Price
$1,149,080
$2,100,000
$1,925,000
$2,125,000
$2,789,000
$3,350,000
Average Sale Price
$720,704
$1,026,119
$960,542
$1,053,273
$1,106,947
$1,664,192
92
124
83
26
122
63
97%
96%
96%
97%
96%
98%
244
297
336
323
339
405
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
Nagawicka’s highest recorded sale on the lake
$3,350,000!
www.LakeCountryListings.com
END OF YEAR REPORT 2020
Okauchee Lake
• Size: 1,210 Acres • Maximum Depth: 90+ feet • Trophic State: 45 • Lake Bottom: 35% sand, 25% gravel, 5% rock, 35% other • Fish Include: Musky, Largemouth Bass, Northern Pike, Panfish, Smallmouth Bass, Walleye • Dam Controlled, Fed & drained by the Oconomowoc River • Ice Golf and Hockey Tournaments every winter • Sailing/yacht Club • Numerous Restaurants and Bars for boaters to access • Approximately 18 miles of shoreline The JJ Hausmann Team
Okauchee L ake
Market Update
okauchee lake stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
25
36
30
35
40
45
Highest Sale Price
$1,500,000
$1,900,000
$1,584,900
$1,980,000
$1,650,000
$1,963,125
Average Sale Price
$668,228
$768,523
$734,515
$828,311
$801,973
$973,589
94
115
100
77
67
50
94%
95%
95%
96%
97%
97%
259
297
316
299
353
390
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
In 2020, Okauchee Lake had the
MOST LAKE HOMES SOLD per Lake (45!)
www.LakeCountryListings.com
END OF YEAR REPORT 2020
Lac La Belle
• Size: 1,154 Acres • Maximum Depth: 45 feet • Trophic State: 48 • Lake Bottom: 10% sand, 80% gravel, 0% rock, 10% other • Fish Include: Largemouth Bass, Northern Pike, Panfish, Smallmouth Bass, Walleye • Dam Controlled, Fed & drained by the Oconomowoc River • Home of the second oldest 18hole golf course, La Belle Golf Club opened in 1896 • Name means “Where the waters Meet” In Potawatomi • Access to Bars and Restaurants in downtown Oconomowoc via a transient boat slip The JJ Hausmann Team
L ac L a Belle Market Update
lac la belle stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
14
13
19
13
9
15
Highest Sale Price
$1,650,000
$1,650,000
$2,750,000
$1,560,000
$1,675,000
$1,942,500
Average Sale Price
$883,036
$1,078,697
$1,025,012
$948,838
$1,082,556
$1,162,567
95
122
121
117
40
67
93%
95%
95%
95%
97%
95%
343
324
260
324
343
338
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
The JJ Hausmann Team
is the TOP
TEAM in
Waukesha County! www.LakeCountryListings.com
END OF YEAR REPORT 2020
Oconomowoc Lake
• Size: 818 Acres • Maximum Depth: 60 feet • Trophic State: 36 • Lake Bottom: 10% sand, 80% gravel, 0% rock, 10% other • Fish Include: Largemouth Bass, Northern Pike, Panfish, Smallmouth Bass, Walleye • Dam Controlled, fed & drained by the Oconomowoc River • Home to the Oconomowoc Lake Club with fine private dinning and lake side access • Numerous Beer Barons once owned homes on Oconomowoc Lake
The JJ Hausmann Team
Oconomowoc L ake Market Update
oconomowoc lake stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
9
2
11
8
6
7
Highest Sale Price
$2,400,000
$3,750,000
$2,300,000
$2,975,000
$5,100,000
$4,350,000
Average Sale Price
$1,573,889
$1,575,000
$1,367,489
$1,716,250
$2,000,833
$1,960,714
167
141
213
37
59
76
90%
94%
86%
94%
90%
89%
284
282
282
481
296
406
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
Oconomowoc Lake’s average sale price per square foot
INCREASED BY 37% IN 2020
www.LakeCountryListings.com
END OF YEAR REPORT 2020
Beaver Lake
• Size: 313 Acres • Maximum Depth: 46 feet • The lake’s water is very clear and has a teal colored hue when viewed from above • Lake Bottom: 60% sand, 0% gravel, 5% rock, 35% other • Fish include: Largemouth Bass and Northern Pike, Panfish • Spring Feed • Home to the 18 hole Chenequa Country Club with tennis courts and private beach. • The public boat launch is limited to boats that can be carried in.
The JJ Hausmann Team
Beaver L ake Market Update
beaver lake stats 2015
Number of Properties Sold
2016
2017
2018
2019
2020
1
9
5
1
4
8
Highest Sale Price
$2,100,000
$3,400,000
$2,425,000
$1,250,000
$3,100,000
$3,990,000
Average Sale Price
$2,100,000
$2,041,000
$1,749,800
$1,250,000
$2,275,000
$2,926,875
8
72
46
4
240
37
88%
94%
96%
96%
94%
95%
431
478
579
590
571
890
Average Days on Market List Price / Sale Price Average Price Per Sq. Ft.
The data provided within this publication is a subjective set of data derived from single family lake home sales with a value over $400,000 of which the JJ Hausmann Team had knowledge of.
Beaver Lake’s
CARIBBEAN BLUE WATER
helped homes sell the fastest (37 days on market)
www.LakeCountryListings.com
END OF YEAR REPORT 2020
lake home sales leader since 2008 Leading Lake Country Realtors 2018-2020 JJ Hausmann 101 Homes Agent 2 40 Homes Agent 3 32 Homes Agent 4 27 Homes Agent 5 19 Homes
Thanks to our amazing clientele, The JJ Hausmann Team shattered our previous record and totaled sales of over 128 million. We ranked Number 1 in Waukesha County and Number 2 in the whole metro Milwaukee area. We worked really hard to make this happen, and couldn’t have done it without our family, friends, clients and community. As a lifelong member of Lake Country I’m thankful that this community let us do what we love while continuing to be the top producer in the area. 2021 should be an even stronger year! The JJ Hausmann Team will continue to work tirelessly for our clients so that they can come out on top again. Please contact us to discuss how we can help you this year!
JJ Hausmann
The JJ Hausmann Team
why lake country? 16
The Lake Country area is home to
22
18
Golf Courses
Beautiful Lakes
Charming Towns
20 minutes
1 hour
2 hours
West of Milwaukee
www.LakeCountryListings.com
East of Madison
North of Chicago
END OF YEAR REPORT 2020
262.232.3118
JJHausmannTeam@LakeCountryListings.com www.LakeCountryListings.com