September 14, 2011
Here’s a snapshot of the Lake Vermilion real estate market as of this day… 9/14/2011.
There are currently 223 properties offered for sale. That group includes all Lake Vermilion property types including land, homes, and cabins. Those listings have a total asking price value of $80,006,339. The lowest priced listing is $32,500 and the highest priced is $2,865,000. The average listing price is $358,773. The average days on market is 493 days. The range of days on market is from 0 days to 3431 days. 8 listings have a Buyck, MN address, 78 have a Cook, Minnesota address, and 137 have a Tower, MN address. Of the total group, the average current asking price has been discounted 11% from the original asking price. The discount range for the total group is 0% to 51%. 44% of the group are currently offered at their original asking price. Every letter of the alphabet is represented by the first letter of the Seller’s last name except the letters I, X, and Y.
Now you know.