Twin Lakes, WI Real Estate

Twin Lakes Homes for Sale

Located on the Illinois border, the village of Twin Lakes has prospered to be a trendy vacation spot with a charming atmosphere to settle in. The “Twin Lakes” named, Mary and Elizabeth, cover 1,000 acres of water and draw many tourists. With easy access to other communities and Illinois via Highway 12, Twin Lakes is an excellent community for commuters to live in.

Real Estate
The village provides a wide selection of homes for people who want to become established in the area. Homes in the market include three-bedroom brick Ranches, two-story newly-renovated homes, Contemporaries, and Lakefront houses with luxurious amenities. The area also has subdivisions such as Whispering Trails offering four-bedroom/three-bath homes. The average price of a home in Twin Lakes is $181,880 with the cost of living 3.81 percent lower than the U.S. average.

Amenities
Lakes, Mary and Elizabeth, provide for a variety of recreational opportunities. People can swim, water-ski, and boat on the beautiful bodies of water. The lakes are serviced by a Lake Protection and Rehabilitation District managed by a village board of trustees.

Twin Lakes is host to Country Thunder, which is a four-day country music festival. Twenty country-acts perform each year at the show. Concert goers can also find a variety of food, merchandise and collector booths around the festival grounds.

The parks and recreations department maintains five village parks for residents to enjoy. Legion Park has a skateboarding park, tennis courts and a basketball court and baseball diamonds. The newest park, Millennium, offers playground equipment, walking trails and a soccer/football field.

Local shops and fine dining are centralized in the downtown area, but there are great restaurants scattered around the village. Niko’s Restaurant & Lounge is a featured place that serves up American and Mediterranean cuisines, and is known for its night life amenities.

The village also provides activities for senior citizens through the Twin Lakes Area Senior Club. The club gathers twice a month for a meeting and then play either bingo or cards. They also schedule many events throughout the year.

History
The village’s lakes were named after a set of twins born to Mary Ray and Jonathan Ineson who were early settlers of the once called “English Prairie.” In 1902, the first post office was built in the basement of LeRoy Winter’s house. The village was established in 1937.

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Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Lakewood Elementary School (Twin Lakes) Twin Lakes #4 School District public 415 15 Lakewood Elementary School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 7,485 159,149 5,687,217
Total Households 3,013 59,536 2,286,339
Total Families 2,143 40,136 1,476,860
Population Density 476 16,212 437,888
Percent Male 53% 49% 50%
Percent Female 47% 51% 50%
White Collar Jobs 69% 61% 55%
Blue Collar Jobs 31% 39% 45%

Top Occupations

Professions Population Employed
Healthcare 637
Management 616
Manufacturing 603
Transportation 539
Information, Scientific and Technical 537
Sales 531
Retail 523
Construction 473
Education 430
Professional Services 351

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income with Head of House hold under age of 25

Household Income with Head of House Hold between the ages of 25 and 44

Household Income with Head of House Hold between the ages of 45 and 64

Household Income with Head of Household over the age of 65

Housing Demographics

  City County State
Total Housing Units 3,934 65,873 2,620,437
Owner Occupied Housing Units 2,291 40,124 1,568,389
Renter Occupied Housing Units 723 19,413 717,965
Vacant Housing Units 929 6,328 334,086
Occupancy Rate 76% 90% 87%
Vehicles Per Housing Unit 2 21 1,560

Commute Time To Work

  City County State
Less than 5 minutes 126 2,669 128,186
5 - 14 minutes 695 9,696 374,938
15 - 29 minutes 773 10,693 444,405
30 - 44 minutes 629 7,584 288,272
45-59 minutes 471 6,546 143,851
Over 60 minutes 727 5,733 80,830

Total Housing Units

Housing By Occupant

Commute Time To Work

Monthly Rental Rates

Monthly Mortgage Costs

Age of Homeowners

Education Attainment

  City County State
Some High School 443 11,715 374,133
High School Graduate 1,676 33,489 1,258,952
Some College 1,437 22,512 808,107
Associates Degree 245 9,762 355,880
Bachelors Degree 970 16,695 663,912
Graduate Degree 335 6,361 242,756

Education Attainment


Market Conditions

Market Conditions for Twin Lakes

November 2016

Median Sale Price
$187,450

 UP 7.11%
vs. Month Ago
Homes for Sale
44

 DOWN -12.00%
vs. Month Ago
Homes Sold
12

 DOWN -20.00%
vs. Month Ago
Avg Days on Market
67

 DOWN -16.25%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $187,450. The median sales price for homes in November rose by $12,450 compared to last month. This represents a 7.11% increase from October. Compared to the same month last year, the median price of homes fell by ($12,550) representing a -6.27% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

The inventory of homes for sale fell by 6 in November to 44. This represents 12% decrease from October when 50 homes were on the market. Compared to the same month last year when there were 71 homes for sale, the inventory of homes for sale has fallen by 27 representing a -38.02% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

The inventory of homes for sale fell by 6 in November to 44. This represents 12% decrease from October when 50 homes were on the market. Compared to the same month last year when there were 71 homes for sale, the inventory of homes for sale has fallen by 27 representing a -38.02% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Avg Days on Market

The average days on market for a home sold in November (67) decreased by 13 days compared to October. This represents a 16.25% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 42, a -38.53% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

The Sale/List Price Ratio of 95.2% in November rose by 1.18% compared to October and increased 3.4% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

The number of homes listed in November (13) rose by 2 compared to October, a 18.18% change. Compared to November 2015, the number of new listings increased by 7, a 116.66% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Homes

The median list price in November was $259,900. The median list price for homes in November rose by $87,000 compared to last month. This represents a 50.31% increase from October. Compared to the same month last year, the median list price of homes increased $60,450 representing a 30.3% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




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