February 19, 2019
The 2018 Lake Vermilion real estate market finished with 72 completed sales.
There is a minor trend observed since 2015 with successively fewer sales each year during that four year time frame… 89/2015, 85/2016, 75/2017, 72/2018.
The total dollar amount for sales in 2018 was $23,227,050. The average sales amount for that group was $322,597. Both of those numbers increased slightly from 2017 despite 3 fewer transactions.
2018-2019 brought Lake Vermilion a bonafide winter with subzero temperatures and ample snow for outdoor fun.
As a reminder… the historical average ice out date for the lake is April 30th. That’s only 70 days to get ready for your Lake Vermilion summer. Get on it.
And stay tuned.
(As always, the grey lines show previous years and the red line represents current year data.)(All data was sourced from the Range Multiple Listing Service.)