January 7, 2013
Here’s the December monthly installment for year to date completed real estate sales on Lake Vermilion. This is the final report from 2012. This final graph contains minor corrections from previous months and represents the complete and final 2012 statistics.
(The black line represents 2012 year to date completed sales.)
2012 did finish in a very respectable 2nd place with a near 2005 performance. That’s very encouraging for a real estate market based on recreational and second home properties. It is also a fair indicator that the market is working towards a correction in inventory levels with a balance in supply and demand.
Hopefully, 2013 will bring a continued increase in acceptable opportunities for all Buyers and all Sellers.
Please let me know if you have any questions related to these details. I am also happy to provide additional information on the Lake Vermilion real estate market.