Lake Vermilion Real Estate

Here’s an updated version of the graph shown below (posted in early November 2010). This graph represents final 2010 end-of-year Lake Vermilion real estate sales compared to previous years.

As noted before, the data was sourced from the local MLS System and it reflects all closed property sales with “Vermilion” noted as the waterfront name.

I would note the nice rebound in sales and the continued steady and unchanged selling price discount accepted by the Sellers. Is this an indication some Buyers are finally reacting to a lakeshore market offering never anticipated lower prices? Hmm.

Please contact me if you would like additional information.

I added a link to the left side of this webpage called “Area Supplies and Services”.

Many new land, cabin, or home buyers have questions about where they can find help for common ownership issues.  Click that new link and you’ll get a selected list of suppliers and services in the Lake Vermilion area.

The list, as currently written, is not complete.  There are certainly other qualified and capable folks willing to expand their business with a new customer.  If you are or if you would recommend a reputable Lake Vermilion business that should be included, please drop me a note.  Additions are easy to do.

Thanks.

The real estate market is in foreclosure challenged territory.  Lender owned properties contribute to the out of balance forces between supply and demand and this ongoing issue continues to add uncertainty to many geographical areas.

Homes in foreclosure will have an affect on some markets until the quantity of those properties returns to normal levels.

Specific real estate markets are affected by their respective foreclosure inventory.  To put that into perspective look at these (Google) maps that reveal the numbers of properties currently in foreclosure for each selected area.

Lake Vermilion, MN / Duluth, MN / Miami, FL / Detroit, MI

That’s kind of an eye opener.

LakeVermilionRealEstate.com is pleased to announce a new arrival.  It’s the Pic Of The Day!  (See the left hand side bar about half way down.)

The technology industry has provided us with ever expanding options to interconnect.  It is now easy to snap a photo and immediately send the image to this webpage from just about anywhere in the Lake Vermilion area.  As I travel around the lake for business or pleasure it is now a daily assignment to report in with an uploaded photo.

I’m not 100% sure what will show up.  Casual photos?  Breaking news?  A peek at a great real estate opportunity?  Please stop in for an occasional look.

(Also, all the listings links, in the right hand side bar, are up to date as well as the listing map.  Please enjoy.)

Thanks for visiting!