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Median Home Price: Median home prices in Ephraim typically range from $300,000 to $500,000, but can vary depending on factors such as size, location, and condition.
Median Sale Price per Sq. Ft.: Median sale price per square foot can vary widely depending on the specific property, but it's generally higher than the national average.
Total Homes Sold: The number of homes sold in Ephraim can fluctuate depending on the season and overall market conditions. However, it's generally a relatively small market compared to larger cities.
Median Days on Market: Homes in Ephraim tend to sell relatively quickly, with median days on market often below the national average.
Sale-to-List Price: The sale-to-list price ratio in Ephraim can vary depending on market conditions and the specific property. However, it's generally a competitive market, and properties often sell at or above their asking price.
Homes Sold Above List Price: A significant portion of homes sold in Ephraim sell above their asking price, indicating strong demand and limited supply.
here's an article to guide you in mastering the art of closing a deal : Expert Insights on Real Estate Negotiation Techniques
Market Analysis:
Ephraim is mainly a residential community, featuring only a few commercial properties.
The real estate market undergoes seasonal variations, showcasing increased demand in the summer months.
High property values in Ephraim are a result of its attractive location and stunning natural beauty.
Categories of Real Estate:
The predominant type of property in Ephraim consists of single-family homes, which vary from charming cottages to expansive estates.
Condominiums and townhomes are in limited supply, frequently found near the waterfront or within resort communities.
In Ephraim, numerous properties serve as vacation rentals, providing rental income for their owners.
Main Highlights:
Ephraim is renowned for its breathtaking natural landscapes, featuring Door County's iconic bluffs, lush forests, and picturesque beaches.
Outdoor Activities: This region presents an array of outdoor pursuits, including hiking, biking, kayaking, and fishing.
Charming Downtown: The downtown area of Ephraim showcases delightful shops, art galleries, and a variety of restaurants.
Community Features:
Ephraim is served by the Southern Door School District, known for its high ratings.
Healthcare: Numerous healthcare facilities are situated in close proximity, encompassing both hospitals and clinics.
Shopping: Although Ephraim has a few shops, the surrounding towns provide a broader selection of shopping choices.
Here’s our recommended article if you’re considering a visit or stay. The Top Attractions in Ephraim For Locals or Tourists
Find Your Dream Ephraim Home for Sale
Browse things to do, places to see, and landmarks to explore in Ephraim and nearby areas.
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Ephraim, a picturesque village nestled along the shores of Lake Michigan in Door County, Wisconsin, offers a unique real estate market. It's characterized by charming cottages, historic homes, and properties with stunning water views. The market can vary from season to season, with more activity during the summer months when tourists flock to the area. Generally, it's considered a stable and desirable market due to its natural beauty and vibrant arts scene. However, the market can be competitive, especially for waterfront properties. To navigate it successfully, it's recommended to work with a local real estate agent familiar with the area.
Home prices in Ephraim can vary widely depending on the type of property and its proximity to the waterfront. Single-family homes typically start at around $300,000 and can go up to several million dollars for high-end waterfront estates. Cottages and condos may be more affordable, starting around $150,000. Keep in mind that Door County, including Ephraim, is known for its seasonal and vacation home market, so prices may fluctuate with demand. It's advisable to consult with a local real estate agent for the most current pricing information.
Ephraim values its historic charm and natural beauty, which is reflected in its development regulations. While you may find some new construction or renovation projects, they are typically in harmony with the village's traditional aesthetics. There's a strong emphasis on preserving the area's unique character, so large-scale developments are rare. Buyers interested in new developments should inquire with local real estate experts for any ongoing or planned projects that align with Ephraim's architectural and cultural values.
Ephraim offers a peaceful and idyllic lifestyle that attracts residents and tourists alike. The village is known for its beautiful parks, scenic viewpoints, and access to water activities on Lake Michigan. Residents enjoy a close-knit, friendly community and a strong connection to the arts, with galleries, theaters, and cultural events throughout the year. The pace of life is relaxed, making it an ideal place for those seeking a tranquil escape or a retirement destination. Outdoor enthusiasts will appreciate the hiking trails, boating, and fishing opportunities in the area.
Ephraim is a small village, and educational options are limited within its boundaries. However, nearby communities in Door County offer public and private schools. The Gibraltar Area Schools District serves the broader region, providing elementary, middle, and high schools. Residents of Ephraim often value the sense of community and the natural beauty of the area, making it an attractive place for families. Additionally, Door County is home to cultural and educational programs, including art classes and workshops, which can enhance the educational experience for both children and adults in Ephraim and the surrounding communities.
Arbor Crowne Properties specializes in luxury and waterfront Door County homes. Situated in the idyllic town of Ephraim and operating out of the historic Hillside Waterfront Hotel, Arbor Crowne is perfectly positioned to address your buying and selling needs.