September 11, 2015
It certainly looks like we’re headed for a break out year in the Lake Vermilion area real estate market!
As the chart shows, 2015 will, most likely, produce significantly more completed sales than any of the previous 10 years.
Numerous factors may contribute to this healthy market… stabilizing values, low interest rates, an active buyer pool, and engaged sellers. And, of course, the ongoing and undeniable fact that Lake Vermilion is a beautiful place to live, work, or play.
The remainder of the year should show continued market strength. I may have to to extend the chart scale to accommodate the final numbers.
As always, please let me know if you have any questions related to this information. I am also happy to provide additional details on the Lake Vermilion real estate market.
(The grey lines show previous years and the red line represents 2015 completed sales.)
(All data was sourced from the Range Multiple Listing Service.)