Chenequa, WI Real Estate

Chenequa Homes for Sale

Chenequa, Wisconsin is a small village located about 30 miles west of Milwaukee. The village is known for its tree-lined roads and is known as “Tree City USA.” The town is located in the “Lake Country” area of Waukesha County.

Chenequa has designated a “Land Use” plan for zoning property lots. Chenequa has been conceived as an exclusive residential area since its incorporation. With new developments being constructed around Chenequa, the village itself maintains a peaceful and quiet essence.

Real Estate
The Chenequa housing market offers a variety of options from existing and new construction homes. Homes for sale include classic Cape Cods, spacious Georgian Homes, beautiful Colonials and sensational lakefront properties with luxurious amenities. Properties for first-time home buyers including houses in established subdivisions can also be found in the market. Secluded properties are available for those who seek privacy. The “Land Use” plan requires non-lake lots to have a minimum of 5 acres and lake lots from 2 to 4 1/2 acres. The average price of a home in the village is $947,850.

Amenities
The Chenequa area offers beautiful natural landscapes that provide outdoor recreational opportunities. Joggers and bikers can enjoy scenic country roads. Public boat launches on Pike Lake are available throughout the area. Fishermen have the opportunity to snag the catch of the day including Largemouth Bass, Northern Pike, Walleye and Bluegill.

The Chenequa Country Club provides a relaxed atmosphere for members to enjoy. The country club offers a clubhouse, dining area, beautiful 18-hole golf course and tennis courts. The Beaver Lake waterfront area has a private swimming beach.

With the city of Hartland about 10 minutes away, residents have the luxury to enjoy the city’s amenities. The city has small and large retail shops and fine dining.

History
Chenequa was incorporated to provide fire and police safety to the area in 1928. The plan was also to offer organized growth of the village while protecting the surrounding land and lakes.

To find properties for sale in Chenequa, click here.

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Market Conditions
Market Conditions for Chenequa - July 2020 | Shorewest Realtors®
July 2020

Market Conditions for Chenequa

Median Sale Price Graph

Median Sale Price

The median sale price for homes in July was $3,200,000. The median sales price for homes in July rose by $3,200,000 compared to last month. This represents a % increase from June. Compared to the same month last year, the median price of homes rose by $1,400,000 representing a 77.77% 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 11. This represents 8.33% decrease from June when 12 homes were on the market. Compared to the same month last year when there were 15 homes for sale, the inventory of homes for sale has fallen by 4 representing a -26.66% 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 3 homes sold in July was 3 more than in June. This represents a % increase in sales from June. Compared to the same month last year, the number of homes sold increased by 2, a 200% 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 July (17) increased by 17 days compared to June. This represents a % 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 248, a -93.58% 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 100.88% in July rose by % compared to June and increased 39.83% 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 (2) fell by 3 compared to June, a 60% change. Compared to July 2019, the number of new listings decreased by 1, a -33.33% 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 $3,997,000. The median list price for homes in July rose by $1,747,000 compared to last month. This represents a 77.64% increase from June. Compared to the same month last year, the median list price of homes increased $3,197,100 representing a 399.68% 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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