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More Market Numbers. « Lake Vermilion Real Estate

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

More Market Numbers.

June 4, 2010

Here is some additional verification on the condition of the area lakeshore market.

This information is gleaned from our local Multiple Listing Service and it reflects the year-to-date activity for 2005-2010 for waterfront residential properties on all area lakes.

Based on the information, I would conclude that 2010 summer selling season offers Buyers two complementary opportunities:  1)  The available inventory is 4 times larger than 2005!  2)  Seller motivation and willingness to negotiate are at very high levels.

The trend also seems to indicate that the market has started a reversal in which those Buyers advantages may be starting to diminish.

2 Comments »

  1. […] Posted June 4, 2010 at 7:08 pm More Market Numbers. « Lake Vermilion Real EstateLake Vermilion Real Estate. • A resource for current or future Lake Vermilion property owners • Serving the NE Minnesota communities of Cook, Orr, Tower and Ely •. Lake Vermillion Real Estate agent Bill Tibbetts … Rural / residential. 146 homes …  read more… […]

    Pingback by Bill lake homes | Lakefront Homes and Property — June 4, 2010 @ 7:27 pm

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    Comment by Erin — June 21, 2010 @ 6:09 pm

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