June 15, 2009
About three weeks ago I did a report on the activity level of the Lake Vermilion area real estate market.
Here’s a brief update.
Through today the 2009 market continues to see activity at nearly two times the 2008 rate! In fact, on this date in 2005 (the most active year of the last five) this market had not booked as many sales as have been booked so far in this year.
The real test will be what happens from now until the end of the calendar year. In 2005, the remaining 84% of the year’s total sales were completed after June 15th. That was very strong Summer and Fall selling activity!
(FYI, this data reflects road access Lake Vermilion cabin and home sales only. Feel free to request additional information.)