January 4, 2016
2015 was a bit of a break out year for the Lake Vermilion real estate market. The total of completed sales increased to 89 from the previous 2014 high of 73.
That’s a whopping 22% increase from last year!
The total dollar amount for Lake Vermilion sales in calendar year 2015 is $25,611,050. That’s an increase of $6,509,343 from the 2014 total of $19,101,707. The average sales amount for that group was $287,764. That’s an increase of $26,097 from the 2014 average of $261,667. The overall sales price range for 2015 was $35,000 to $850,000. That range for 2014 was $8,000 to $1,200,000.
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.
Happy New Year! May 2016 be happy, healthy, and prosperous for all!
(As always, the grey lines show previous years and the red line represents 2015 completed sales.)
(All data was sourced from the Range Multiple Listing Service.)