Whitefish Bay, WI Real Estate

The Village of Whitefish Bay offers a friendly community with an attractive location near Lake Michigan and downtown Milwaukee. The village is known for its safe environment with great local government services. With tree-lined streets and great architectural scenery, the village is ideal for walkers.

Whitefish Bay offers a diverse stock of homes in the area which include Colonials, Mediterranean style, Duplexes, and Historic mansions. Older quality homes in the area were built in the 1910s and 1920s, and have had extensive remodels and expansions. For those who are looking for a particular style, the area’s selection does have Georgian Revival, Tudor, Dutch Colonial, and Bungalow. Condominiums are newly developed and scattered throughout the village. The cost for a home in the village of Whitefish Bay ranges from $150,000 to $8 million with an average price of $270,270.

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The Whitefish Bay area provides recreational opportunities for the whole family. The village has lakefront access that allows for many water activities. Parks on the lake offer plenty of playgrounds and acres of open land for kids to enjoy. Residents can enjoy swimming, boating, and fishing off the shores of Lake Michigan. The area has an eclectic mix of local shops within walking distance. Conveniently located shopping is available on Silver Spring Drive and the village is close to Bayshore Town Center.

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The first population in the Whitefish Bay area was the Native Americans who benefited from the nearby lake and created their establishment on the open land. Farmers soon came and took advantage of the fertile land to grow their crops. The area soon became popular for summer time tourists from all over the region. Entrepreneur, Captain Frederick Pabst, paid out $30,000 on property to construct a resort in 1889. More than 10,000 people visited the resort on a summer’s day to enjoy the daily concerts, watch outdoor movies, and ride the Ferris wheel. The resort lost its appeal in 1914, but the area was still a hot spot for people who took pleasure in the area. The land was separated into residential lots in 1915. Homes are still located on the resort’s former property today. Whitefish Bay was incorporated as a village in the summer of 1982.

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Whitefish Bay properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Cumberland Elementary School (Whitefish Bay) Whitefish Bay School District public 757 Not Provided Cumberland Elementary School GreatSchools Rating
Richards Elementary School (Whitefish Bay) Whitefish Bay School District public 735 Not Provided Richards Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Holy Family Parish School (Whitefish Bay) private 0 Not Provided Holy Family Parish School GreatSchools Rating
St. Monica School (Whitefish Bay) private 390 Not Provided St. Monica School GreatSchools Rating
Whitefish Bay Middle School (Whitefish Bay) Whitefish Bay School District public 644 Not Provided Whitefish Bay Middle School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Whitefish Bay High School (Whitefish Bay) Whitefish Bay School District public 981 Not Provided Whitefish Bay High School GreatSchools Rating
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Market Conditions

Market Conditions for Whitefish Bay

August 2017

Median Sale Price
$459,000

 UP 34.01%
vs. Month Ago
Homes for Sale
43

 DOWN -8.51%
vs. Month Ago
Homes Sold
33

 UP 65.00%
vs. Month Ago
Avg Days on Market
42

 UP 68.00%
vs. Month Ago

Median Sale Price

The median sale price for homes in August was $459,000. The median sales price for homes in August rose by $116,500 compared to last month. This represents a 34.01% increase from July. Compared to the same month last year, the median price of homes rose by $104,000 representing a 29.29% 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 4 in August to 43. This represents 8.51% decrease from July when 47 homes were on the market. Compared to the same month last year when there were 59 homes for sale, the inventory of homes for sale has fallen by 16 representing a -27.11% 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 4 in August to 43. This represents 8.51% decrease from July when 47 homes were on the market. Compared to the same month last year when there were 59 homes for sale, the inventory of homes for sale has fallen by 16 representing a -27.11% 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 August (42) increased by 17 days compared to July. This represents a 68% 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 9, a 27.27% 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 94.99% in August fell by 0.42% compared to July and decreased 3.21% 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 August (23) rose by 2 compared to July, a 9.52% change. Compared to August 2016, the number of new listings decreased by 15, a -39.47% 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 August was $499,900. The median list price for homes in August rose by $70,900 compared to last month. This represents a 16.52% increase from July. Compared to the same month last year, the median list price of homes increased $97,400 representing a 24.19% 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.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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