East Troy, WI Real Estate

East Troy Properties

East Troy, Wisconsin (http://www.easttroy-wi.com/) is a vibrant community that is focused on creating an exceptional place to live. The village offers unique environment not expected in a rural area. With a world class outdoor music venue, electric railroad museum and local festivals, East Troy offers plenty of recreational opportunities. The town has a historic village square, shops and restaurants for residents to enjoy. Populated by 4,141, the village offers an excellent place to reside, play and work.

Real Estate
The East Troy housing market offers a wide-selection of homes for sale. Houses on the market include brick Bungalows, immaculate Colonials, beautiful six-bedroom Contemporaries and gorgeous custom-built homes. The average cost of a home in the East Troy area is $198,140 with the cost of living 3.01 percent lower than the U.S. average.

Amenities
Alpine Valley Resort (http://www.alpinevalleyresort.com/index2.php) provides plenty of year-round activities for residents to enjoy. During the winter season, people can ski and snowboard down the slopes of the valley. The resort has created trails for beginners and the most experienced skiers. Weekend lodging is also offered during the season. During the warmer months, Alpine Valley offers nine and 18-hole golf courses with a picturesque view. Fans gather at Alpine Valley during the summer months to enjoy music concerts from bands all over the world.

East Troy Railroad Museum (http://www.easttroyrr.org/) offers rides on Wisconsin’s last original electric railroad line. Reservations for charters and dinner trains are also available. The museum provides rides on the train from early May – late October.

Booth Lake is the site of water-sports fun. Visitors can swim, water-ski, fish and boat on the lake. A recreational environment provides areas to picnic and play recreational sports.

East Troy Municipal Airport has more than 100 aircrafts for use. The airport provides flights around the Midwest region. Companies within the airport also offer lessons and rent out aircrafts to pilots. The airport has both asphalt and turf runways.

History
The first settler of the area was H. Roberts who constructed a saw mill on the shores of Honey Creek. Within four years, the area had a hotel, general store, post office and justice of the peace. The territory was named after where its first settlers came from, Troy, New York. State legislature declared the territory too large and divided the area; creating Meacham (after Jesse Meacham who was an early settler) and Troy.

Jesse Meacham disagreed with the name change and went before the state legislature to keep the name of Troy for the west side of the territory. Jacob Burgit heard about Meacham’s journey to retain the name and headed to the state capitol to fight for the name of Troy. Burgit was too late, so the name of Troy was claimed for the west and East Troy.

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Schools
  District Type Enrollment # Student Teacher Ratio Test Score Rank
East Troy High School (East Troy) East Troy Community School District Public 606 16 EAST TROY HIGH SCHOOL GreatSchools Rating
East Troy Middle School (East Troy) East Troy Community School District Public 380 15 EAST TROY MIDDLE SCHOOL GreatSchools Rating
Prairie View Elementary School (East Troy) East Troy Community School District Public 300 17 PRAIRIE VIEW ELEMENTARY SCHOOL GreatSchools Rating
Demographics

Population Demographics

  City County State
Total Population 10,086 103,613 5,852,878
Total Households 3,981 40,209 2,349,819
Total Families 2,836 26,491 1,516,725
Percent Male 50% 50% 50%
Percent Female 50% 50% 50%
White Collar Jobs 51% 50% 58%
Blue Collar Jobs 49% 50% 42%

Top Occupations

Professions Population Employed
Professional Services 544
Sales 320
Maintenance 299
Healthcare 279
Manufacturing 274
Food 204
Transportation 188
Construction 172
Management 153
Education 106

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 375 4,085 224,571
High School Graduate 2,257 21,934 1,256,597
Some College 1,744 15,690 833,955
Associates Degree 656 6,032 410,260
Bachelors Degree 1,218 12,073 747,113
Graduate Degree 699 7,054 384,121

Education Attainment


Market Conditions
Market Conditions for East Troy - May 2020 | Shorewest Realtors®
May 2020

Market Conditions for East Troy

Median Sale Price Graph

Median Sale Price

The median sale price for homes in May was $288,200. The median sales price for homes in May fell by ($8,300) compared to last month. This represents a 2.79% decrease from April. Compared to the same month last year, the median price of homes rose by $60,700 representing a 26.68% 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 rose by 10 in May to 32. This represents 45.45% increase from April when 22 homes were on the market. Compared to the same month last year when there were 43 homes for sale, the inventory of homes for sale has fallen by 11 representing a -25.58% 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 6 homes sold in May was 4 less than in April. This represents a 40% decrease in sales from April. Compared to the same month last year, the number of homes sold decreased by 6, a -50% 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 May (63) decreased by 14 days compared to April. This represents a 18.18% 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 decreased by 22, a -25.88% 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 79.26% in May fell by 17.31% compared to April and decreased 17.55% 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 May (20) rose by 14 compared to April, a 233.33% change. Compared to May 2019, the number of new listings increased by 7, a 53.84% 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 May was $329,950. The median list price for homes in May fell by ($224,950) compared to last month. This represents a 40.53% decrease from April. Compared to the same month last year, the median list price of homes decreased ($19,950) representing a -5.7% year-over-year decrease.

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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All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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