Lake Vermilion Real Estate

The month of October is speeding by and the holiday season is approaching fast.  Here are a few observations.

The local leaves have dropped from the trees.  Significant rainfall has been scarce and the lake (Lake Vermilion) is currently near a historically low water level.  The hazard and navigation buoys will be removed from the lake starting October 25th.  The NOAA has the extended winter forecast in place with a fair chance of colder than normal temperatures and above average snowfall.  The ongoing Ruffed Grouse season has been productive.  The Whitetail Deer season is approaching and hunters will need to know changes in the hunting regulations, as well as, ideas for cooking venison.

The local real estate market will start to see dwindling inventory levels as late summer sales are closed and some Sellers remove their properties from the marketplace.  A large number of very attractive listings are available, however.  The Fall season can be the best time of year to approach a Seller with a purchase proposal.

Buy now and enjoy the lake as soon as the ice melts next Spring!

Into the home stretch!

Here’s the September graph that compares year to date completed sales activity for all transactions on Lake Vermilion (including homes, cabins, and lots) since 2005.

2005 outperformed all other years to take the overall lead.  2011 kept pace with the other years but it did not pass 2010 as I had predicted last month.

I will, however, keep the expectation that 2011 will overtake 2010.  If that happens, the chart will start to appear as a classic “U” shape which may indicate a continued upward trend in Lake Vermilion sales activity.

O, the drama!  Stay tuned.

(Also, I admit I built this chart chronologically backwards.  Oops.  Too late to change now.  See a reversed chart here.)

Please let me know if you have any questions about this information. Your comments are welcome, too.