March 18, 2015
Here’s a quick Lake Vermilion real estate market statistic.
Year to date in 2015 there have been 9 completed sales on Lake Vermilion with an average selling price of $97,066. Last year (2014) there were 6 completed sales with an average selling price of $124,782.
It appears the lower priced waterfront properties are more likely to sell in the first 3 months of the calendar year when winter conditions present their greatest obstacle to the sales process.