Waterford, WI Real Estate

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.

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.

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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.

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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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Waterford properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Evergreen Elementary School (Waterford) Waterford Graded J1 School District public 402 Not Provided Evergreen Elementary School GreatSchools Rating
Trailside Elementary School (Waterford) Waterford Graded J1 School District public 331 Not Provided Trailside Elementary School GreatSchools Rating
Woodfield Elementary School (Waterford) Waterford Graded J1 School District public 400 Not Provided Woodfield Elementary School GreatSchools Rating
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  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Fox River Middle School (Waterford) Waterford Graded J1 School District public 382 Not Provided Fox River Middle School GreatSchools Rating
St Thomas Aquinas School (Waterford) private 168 Not Provided St Thomas Aquinas School GreatSchools Rating
St. Peters Lutheran School (Waterford) private 0 Not Provided St. Peters Lutheran School GreatSchools Rating
Washington Elementary School (Waterford) Washington-Caldwell School District public 186 Not Provided 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
Waterford High School (Waterford) Waterford Uhs School District public 1035 Not Provided Waterford High School GreatSchools Rating
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Market Conditions
Market Conditions for Waterford - September 2019 | Shorewest Realtors®
September 2019

Market Conditions for Waterford

Median Sale Price Graph

Median Sale Price

The median sale price for homes in September was $238,500. The median sales price for homes in September fell by ($87,950) compared to last month. This represents a 26.94% decrease from August. Compared to the same month last year, the median price of homes fell by ($10,000) representing a -4.02% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 11 in September to 79. This represents 12.22% decrease from August when 90 homes were on the market. Compared to the same month last year when there were 102 homes for sale, the inventory of homes for sale has fallen by 23 representing a -22.54% 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 21 homes sold in September was 1 less than in August. This represents a 4.54% decrease in sales from August. Compared to the same month last year, the number of homes sold increased by 8, a 61.53% year-over-year increase.

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 September (30) decreased by 9 days compared to August. This represents a 23.07% 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 1, a 3.44% 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 95.87% in September rose by 0.2% compared to August and decreased 1.62% 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 September (13) fell by 25 compared to August, a 65.78% change. Compared to September 2018, the number of new listings decreased by 10, a -43.47% 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 Graph

Median List Price

The median list price in September was $309,000. The median list price for homes in September rose by $100 compared to last month. This represents a 0.03% increase from August. Compared to the same month last year, the median list price of homes decreased ($30,000) representing a -8.84% year-over-year decrease.




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