Lake Vermilion Real Estate

Here’s a few quick notes on where the year to date Lake Vermilion area real estate market activity compares to 2009.  Although this market never produces high volume sales numbers, it is still valuable for Buyers and Sellers to understand the general trend of the market.  Here are some observations:

1) Lake home and cabin sales are up from 2009
2) Lakeshore lot sales are up from 2009
3) Residential home sales are down slightly from last year
4) Vacant acreage land sales are well below 2009
5) Inventory in all categories remains much higher than historic levels
6) Inventory continues to drift higher (typical for this time of year)

Please send me a note if you have a specific question on the Lake Vermilion area market.  I’ll do my best to send you additional information.