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 Test Score Rank
Lakewood Elementary School (Twin Lakes) Twin Lakes #4 School District Public 322 14 LAKEWOOD ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 7,402 170,146 5,852,878
Total Households 2,862 64,044 2,349,819
Total Families 1,993 43,047 1,516,725
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 52% 55% 58%
Blue Collar Jobs 48% 45% 42%

Top Occupations

Professions Population Employed
Professional Services 323
Sales 176
Transportation 163
Maintenance 124
Food 109
Healthcare 93
Construction 84
Management 72
Manufacturing 66
Education 61

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Education Attainment

  City County State
Some High School 282 7,780 224,571
High School Graduate 1,682 36,483 1,256,597
Some College 1,552 26,055 833,955
Associates Degree 406 11,363 410,260
Bachelors Degree 784 18,541 747,113
Graduate Degree 397 9,750 384,121

Education Attainment


Market Conditions
Market Conditions for Twin Lakes - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Twin Lakes

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $290,000. The median sales price for homes in July rose by $54,000 compared to last month. This represents a 22.88% increase from June. Compared to the same month last year, the median price of homes fell by ($9,900) representing a -3.3% 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 Graph

Homes for Sale

The inventory of homes for sale fell by 1 in July to 32. This represents 3.03% decrease from June when 33 homes were on the market. Compared to the same month last year when there were 72 homes for sale, the inventory of homes for sale has fallen by 40 representing a -55.55% 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 Graph

Homes Sold

The 18 homes sold in July was 2 more than in June. This represents a 12.5% increase in sales from June. Compared to the same month last year, the number of homes sold decreased by 1, a -5.26% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in July (51) increased by 5 days compared to June. This represents a 10.86% increase 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 11, a 27.5% 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

Sale/List Price Ratio

The Sale/List Price Ratio of 97.84% in July rose by 0.58% compared to June and increased 1.77% 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 Graph

New Homes

The number of homes listed in July (16) remained level Compared to July 2019, the number of new listings decreased by 2, a -11.11% 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 Graph

Median List Price

The median list price in July was $287,500. The median list price for homes in July fell by ($10,400) compared to last month. This represents a 3.49% decrease from June. Compared to the same month last year, the median list price of homes increased $37,600 representing a 15.04% 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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