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

Comparative Lake Vermilion Sales (2005-2013).

January 3, 2014

Here is the final end-of-year chart that illustrates comparative Lake Vermilion real estate market performance for the years 2005 through 2013.

(The grey lines show previous years and the red line represents 2013 completed sales.)

As shown, the improving market trend remains intact with the number of completed sales steadily increasing since 2008.  Optimism is high for 2014.  Watch this website for all the market details as we progress into the new year.

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.

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

Happy Holidays To All From LVRE.com

December 23, 2013

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Comparative Lake Vermilion YTD Sales (Through The First 8 Months Of 2013).

September 3, 2013

Here is the updated chart that illustrates comparative Lake Vermilion real estate market performance for the first eight months of 2013 versus previous years.

(The grey lines show previous years and the red line represents 2013 year to date completed 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.

The Level Of Water.

August 6, 2013

In case you were wondering… the water level in Lake Vermilion has remained at a higher than normal seasonal level so far this year.

Click here to view 10 years of historical data.

Excellent Real Estate Tool.

July 11, 2013

Have you ever wondered if there was an easy to use online resource that shows land ownership within St. Louis County, Minnesota?

Try the County Land Explorer.  It’s fun and educational!

Because Someone Asked.

July 3, 2013

I’ve had this question come up before… “Are properties selling at or near their current assessed tax value?”

Well, twenty-seven (27) year to date Lake Vermilion sales (that contained the appropriate associated data from the local Multiple Listing Service) revealed the following:

Of that group of 27 completed sales, only four (4) sold within 10% of their St. Louis County determined taxable value.  The final sales prices were a very broad range of 40% to 143% of the taxable value!

Of interest, but of questionable value, is the fact that the average percentage of the group was 98%.

Life Under The Boathouse.

June 17, 2013

Comparative Lake Vermilion YTD Sales (Though The First 4 Months of 2013).

May 25, 2013

For the statistically minded, here is the chart that illustrates comparative Lake Vermilion real estate market performance for the first four months of 2013 versus previous years.

(The grey lines show previous years and the red line represents 2013 year to date completed 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.

2013 Is In The Books.

May 22, 2013

The official ice out date for 2013 is May 17th.  That’s the second latest date on record.

A(nother) Market Snapshot.

May 9, 2013

This is a comparative post from one I did on September 14, 2011. The 2011 figures are noted in parentheses.

Here’s a snapshot of the Lake Vermilion real estate market as of this day… 5/9/2013 (9/14/2011).

There are currently 164 (223) properties offered for sale on Lake Vermilion. That group includes all Lake Vermilion property types including land, homes, cabins, and commercial. Those listings have a total asking price value of $56,478,800 ($80,006,339). The lowest priced listing is $34,500 ($32,500) and the highest priced is $1,699,000 ($2,865,000). The average listing price is $344,382 ($358,773). The average days on market is 394 (493) days. The range of days on market is from 0 days to 2945 days (0 days to 3431 days). 6 (8) listings have a Buyck, MN address, 58 (78) have a Cook, Minnesota address, and 100 (137) have a Tower, MN address. Of the total group, the average current asking price has been discounted 6.13% (11%) from the original asking price. The discount range for the total group is 0% to 55% (0% to 51%). 65% (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 (I, X, and Y).

Now you know (again).

All information is from the Range Multiple Listing Service.

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