Waterford, WI Real Estate

Waterford Homes for Sale

Waterford, Wisconsin is the largest village in Racine County, but continues to preserve its small town charm. With its natural beauty, Waterford is the center of a rich farming community. Located in the Fox River Valley, the village is a fisherman’s paradise. With small local shops, offices and a variety of restaurants with the original facades, Waterford provides a historic appeal. Its convenient location and welcoming vibe is what attracts its residents.

Real Estate
The Waterford area provides an array of affordable and executive housing to settle in. Newly constructed subdivisions are the premier neighborhoods in the village. Popular subdivisions include Bayside, Fairview Estates, Golden Meadows and Fowlers Bay. Prices for homes in the subdivisions range from $230,467 to $401,333. The village has a high inventory of new condominium developments. The average cost of a home in Waterford is $250,355. There are also plenty of units available for rent throughout the area. A large neighborhood with duplexes southwest of Highways 164 and 36 is a prime location. Local home builders in Waterford include JK Builders, Mike Kempken & Sons, Maple Aire and Heavenly Home Builders. Properties have obtained their value due to lake and lake accessibility.

Amenities
The village is about a half hour away from museums, professional sports, zoos and world-class cultural events; but Waterford does offer many recreational opportunities. The holidays are an eventful time in the village. With the Waterford Wonderland Parade and Tree Lighting, more than 2,000 spectators come to participate in the holiday spirit. The village just incorporated “Light Up the Night” encouraging residents and business owners to entice interest and potential new clients to the area. The Waterford Home & Commerce Show displays entertainment, more than 170 exhibitors, a “Kidz Zone” and the Taste of Waterford for the whole family to enjoy. The Tichigan Trails features the picturesque scenery the village offers utilizing canoes with a shuttle on the Fox River. Heavenly Haven Antique Mall and Freddy Bears’ Antique Mall offer an “old world charm” shopping experience.

History
Incorporated in 1906, the village has a rich history of growth and prosperity. First settled by the Paleo, Archaic and Woodland Indians, the area soon prospered because of the access of the Fox River, which made the area appealing to settlers. In 1833, the Potawatomi tribe surrendered the land to the United States government. The area welcomed its first non-Indian settlers in the 1830s. Waterford soon became the commercial center for the agricultural industry.

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Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Trailside Elementary School (Waterford) Waterford Graded J1 School District public 368 15 Trailside Elementary School GreatSchools Rating
Washington Elementary School (Waterford) Washington-Caldwell School District public 190 13 Washington Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Global Montessori (Waterford) private 0 Not Provided Global Montessori GreatSchools Rating
Hillside School (Waterford) private 2 Not Provided Hillside School GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 18,560 205,342 5,687,217
Total Households 7,056 79,565 2,286,339
Total Families 5,440 53,006 1,476,860
Population Density 362 16,418 437,888
Percent Male 49% 50% 50%
Percent Female 51% 50% 50%
White Collar Jobs 60% 58% 55%
Blue Collar Jobs 40% 42% 45%

Top Occupations

Professions Population Employed
Manufacturing 2,245
Healthcare 2,012
Transportation 1,673
Sales 1,566
Management 1,442
Natural Resources 1,150
Retail 1,108
Information, Scientific and Technical 1,016
Education 1,007
Construction 933

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 7,360 86,363 2,620,437
Owner Occupied Housing Units 5,811 55,796 1,568,389
Renter Occupied Housing Units 1,245 23,768 717,965
Vacant Housing Units 301 6,826 334,086
Occupancy Rate 96% 92% 87%
Vehicles Per Housing Unit 2 25 1,560

Commute Time To Work

  City County State
Less than 5 minutes 215 3,562 128,186
5 - 14 minutes 1,368 13,315 375,372
15 - 29 minutes 3,067 17,204 446,139
30 - 44 minutes 3,490 11,048 289,685
45-59 minutes 1,136 7,887 143,851
Over 60 minutes 458 3,463 80,738

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 767 16,489 374,133
High School Graduate 4,256 46,911 1,258,952
Some College 3,183 31,749 808,107
Associates Degree 1,335 11,614 355,880
Bachelors Degree 2,356 20,703 663,912
Graduate Degree 1,059 8,313 242,862

Education Attainment


Market Conditions

Market Conditions for Waterford

November 2016

Median Sale Price
$281,000

 UP 14.69%
vs. Month Ago
Homes for Sale
79

 DOWN -1.25%
vs. Month Ago
Homes Sold
14

 UP 7.69%
vs. Month Ago
Avg Days on Market
128

 DOWN -1.53%
vs. Month Ago

Median Sale Price

The median sale price for homes in November was $281,000. The median sales price for homes in November rose by $36,000 compared to last month. This represents a 14.69% increase from October. Compared to the same month last year, the median price of homes rose by $67,000 representing a 31.3% 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 1 in November to 79. This represents 1.25% decrease from October when 80 homes were on the market. Compared to the same month last year when there were 84 homes for sale, the inventory of homes for sale has fallen by 5 representing a -5.95% 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 1 in November to 79. This represents 1.25% decrease from October when 80 homes were on the market. Compared to the same month last year when there were 84 homes for sale, the inventory of homes for sale has fallen by 5 representing a -5.95% 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 (128) decreased by 2 days compared to October. This represents a 1.53% 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 increased by 24, a 23.07% 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 95.4% in November rose by 3.24% compared to October and increased 5.26% 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 (19) rose by 4 compared to October, a 26.66% change. Compared to November 2015, the number of new listings increased by 8, a 72.72% 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 $244,900. The median list price for homes in November fell by ($40,000) compared to last month. This represents a 14.04% decrease from October. Compared to the same month last year, the median list price of homes increased $7,450 representing a 3.13% 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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