A daily journal concerning Lake Vermilion and surrounding areas.
Selected real estate, notes, stories, musings, and anecdotes.

Comparative Lake Vermilion YTD Sales (Through The First 7 Months Of 2016).

August 5, 2016

With 7 months of 2016 behind us and half of the local selling season in the books, here’s evidence of a very smooth and gradual increase in activity and completed sales within the Lake Vermilion real estate market.

I would predict that final sales in this calendar year will be very good but will not eclipse the results from last year.  Time will tell.

Please let me know if you have any questions related to these details.  I am also happy to provide additional information on the Lake Vermilion real estate market.

(As always, the grey lines show previous years and the red line represents the current year sales.)
July-2016-LV-YTD-sales
(All data was sourced from the Range Multiple Listing Service.)

Comparative Lake Vermilion YTD Sales (Through The First 3 Months Of 2016).

April 25, 2016

It may be too optimistic to expect a 2015 level of sales from 2016.  And… it is way too premature to offer a prediction for the remaining 9 months of the year. This second home market weighted market just starts to gain traction in the 2nd quarter.

So… stay tuned for market updates in we progress into the summer months.

Please let me know if you have any questions related to these details.  I am also happy to provide additional information on the Lake Vermilion real estate market.

(As always, the grey lines show previous years and the red line represents the current year sales.)
March-2016-LV-YTD-sales5
(All data was sourced from the Range Multiple Listing Service.)

Comparative Lake Vermilion YTD Sales (Final 2015)

January 4, 2016

Boom!

2015 was a bit of a break out year for the Lake Vermilion real estate market.  The total of completed sales increased to 89 from the previous 2014 high of 73.

That’s a whopping 22% increase from last year!

The total dollar amount for Lake Vermilion sales in calendar year 2015 is $25,611,050.  That’s an increase of $6,509,343 from the 2014 total of $19,101,707.  The average sales amount for that group was $287,764.  That’s an increase of $26,097 from the 2014 average of $261,667.  The overall sales price range for 2015  was $35,000 to $850,000.  That range for 2014 was $8,000 to $1,200,000.

Please let me know if you have any questions related to these details.  I am also happy to provide additional information on the Lake Vermilion real estate market.

Happy New Year!  May 2016 be happy, healthy, and prosperous for all!

(As always, the grey lines show previous years and the red line represents 2015 completed sales.)

(All data was sourced from the Range Multiple Listing Service.)

December 24, 2015

Merry Christmas to All!   (Sing along!)

Comparative Lake Vermilion YTD Sales (Through The First 8 Months Of 2015).

September 11, 2015

It certainly looks like we’re headed for a break out year in the Lake Vermilion area real estate market!

As the chart shows, 2015 will, most likely, produce significantly more completed sales than any of the previous 10 years.

Numerous factors may contribute to this healthy market… stabilizing values, low interest rates, an active buyer pool, and engaged sellers.  And, of course, the ongoing and undeniable fact that Lake Vermilion is a beautiful place to live, work, or play.

The remainder of the year should show continued market strength.  I may have to to extend the chart scale to accommodate the final numbers.

As always, please let me know if you have any questions related to this information.  I am also happy to provide additional details on the Lake Vermilion real estate market.

(The grey lines show previous years and the red line represents 2015 completed sales.)

August-2015-LV-YTD-sales(All data was sourced from the Range Multiple Listing Service.)

Comparative Lake Vermilion YTD Sales (Through The First 5 Months Of 2015).

June 1, 2015

It’s about time to see how 2015 year to date Lake Vermilion sales are stacking up against previous years.

As the chart reveals, the first five months have been very good.  A strong month of May pushed the closed sales total to a YTD record!

Also, a quick glimpse at the trusty Range MLS data would indicate continued strength with a strong number of pending sales.

Please let me know if you have any questions related to these details.  I am also happy to provide additional information on the Lake Vermilion real estate market.

(As always, the grey lines show previous years and the red line represents 2015 completed sales.)

May-2015-LV-YTD-sales(All data was sourced from the Range Multiple Listing Service.)

Go Fish.

May 8, 2015

2015 Opener

Buy A Cabin At The Lake. Become A Statistic!

April 17, 2015

The National Association of Realtors has issued a new survey on investment/vacation home buyers.

Are you considering a lake property purchase?

Click here is see if you fit into the most recent data on vacation homes and vacation home buyers.

More But Less.

March 18, 2015

Here’s a quick Lake Vermilion real estate market statistic.

Year to date in 2015 there have been 9 completed sales on Lake Vermilion with an average selling price of $97,066.  Last year (2014) there were 6 completed sales with an average selling price of $124,782.

It appears the lower priced waterfront properties are more likely to sell in the first 3 months of the calendar year when winter conditions present their greatest obstacle to the sales process.

Interesting.

Comparative Lake Vermilion YTD Sales (Final 2014).

January 6, 2015

Here’s a nice big smooch for your sister.

We have a tie. And nobody likes a tie. 2014 ended with 73 total Lake Vermilion sales. That’s the same number of sales as 2013 and it ends a run of 6 consecutive years of increasing closed sales.

We were on a path to have an improved year but the month of December pulled up lame with only 3 completed sales.

The total dollar amount for Lake Vermilion sales in calendar year 2014 is $19,101,707. The average sales amount for that group was $261,667 with an overall sales range of $8,000 to $1,200,000.

Please let me know if you have any questions related to these details.  I am also happy to provide additional information on the Lake Vermilion real estate market.

(As always, the grey lines show previous years and the red line represents 2014 completed sales.)

(All data was sourced from the Range Multiple Listing Service.)

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