Wisconsin Property in High Demand for 2008

Homesite sales for McKeough Land Company’s Wisconsin office rose in May, marking the second consecutive month of increased sales for the Wisconsin office. In addition, May 2008 was the highest producing May since 2003, with an increase of 230% from 2007 to 2008. Records show that May 2008 wasn’t just an erratic spike for the Wisconsin office, as year to date sales have also increased from 2007 to 2008.

Michael Coke, General Manager of the Wisconsin office was quoted as saying “What slow market? And what down turn in the economy? We have seen a very strong level of interest in our product and, while our revenues have grown, our unit sales have also climbed by 50% year over year.” Coke attributes the growth in revenue and unit sales to a qualified and knowledgeable team; successful marketing campaigns that deliver recreational land to those looking for it; and an increased level of interested clients.

Coke was also sure to point out that the Wisconsin office will see very positive long-term effects from reduced interest and tax expenses and closing out two projects in the first five months of 2008. “Expense reduction and the quick turnover of product allow us to keep our prices lower and offer a very competitive value to our clients,” Coke said. “Our customers have been really happy with their land purchases. Seeing clients on their dock, sitting around their fire pit, or fishing with their children is what makes it all worthwhile.”

With the national real estate market at a historic low, the recent success of the Wisconsin office couldn’t have come at a better time. “We’re really satisfied with the way 2008 has begun,” said Coke, “Particularly when compared with the national market. It really goes to show that if you offer great land at a great value, great things can happen.”

For additional information on the hot-moving Wisconsin properties, you can contact the Wisconsin office at (800) 240-LAND.

2 Responses to “Wisconsin Property in High Demand for 2008”

  1. Jason Mercier Says:

    Tell me more about the auction for the Rice Lake property.
    When is it?
    Live, internet or sealed bid?

    Thanks, Jason

  2. McKeough Land Company Says:

    We’re in the planning stages right now and are hoping to launch our auction web site toward the end of the month. We’ll have a major announcement on this site at that time and, if you’re on our mailing list, you’ll receive an announcement via email. If you have any questions, contact us at (800) 240-LAND or send us an email.

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