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 Test Score Rank
Evergreen Elementary School (Waterford) Waterford Graded J1 School District Public 422 14 EVERGREEN ELEMENTARY SCHOOL GreatSchools Rating
Fox River Middle School (Waterford) Waterford Graded J1 School District Public 374 13 FOX RIVER MIDDLE SCHOOL GreatSchools Rating
Lakeview Elementary School (Waterford) Muskego-norway School District Public 306 18 LAKEVIEW ELEMENTARY SCHOOL GreatSchools Rating
Trailside Elementary School (Waterford) Waterford Graded J1 School District Public 262 14 TRAILSIDE ELEMENTARY SCHOOL GreatSchools Rating
Washington Elementary School (Waterford) Washington-caldwell School District Public 181 12 WASHINGTON ELEMENTARY SCHOOL GreatSchools Rating
Waterford High School (Waterford) Waterford Uhs School District Public 1034 15 WATERFORD HIGH SCHOOL GreatSchools Rating
Woodfield Elementary School (Waterford) Waterford Graded J1 School District Public 450 14 WOODFIELD ELEMENTARY SCHOOL GreatSchools Rating
Market Conditions
Market Conditions for Waterford - January 2020 | Shorewest Realtors®
January 2020

Market Conditions for Waterford

Median Sale Price Graph

Median Sale Price

The median sale price for homes in January was $295,000. The median sales price for homes in January rose by $11,500 compared to last month. This represents a 4.05% increase from December. Compared to the same month last year, the median price of homes rose by $40,000 representing a 15.68% 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 3 in January to 47. This represents 6% decrease from December 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 24 representing a -33.8% 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 9 homes sold in January was 5 less than in December. This represents a 35.71% decrease in sales from December. Compared to the same month last year, the number of homes sold increased by 4, a 80% 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 January (76) increased by 30 days compared to December. This represents a 65.21% 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 decreased by 53, a -41.08% 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 96.72% in January rose by 4.02% compared to December and increased 10.63% 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 January (18) rose by 11 compared to December, a 157.14% change. Compared to January 2019, the number of new listings increased by 8, a 80% 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 January was $332,150. The median list price for homes in January fell by ($126,850) compared to last month. This represents a 27.63% decrease from December. Compared to the same month last year, the median list price of homes increased $67,250 representing a 25.38% 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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