A daily journal concerning Lake Vermilion and surrounding areas
Selected real estate, notes, stories, musings, and anecdotes
------------ Comments and links welcomed ------------
This chart is probably not surprising. It shows the average Lake Vermilion home/cabin sales price from 1994 through 2002. The range of sale prices over that period was from $19,000 to $1,250,000. The trend does continue through 2003 with the average up significantly.
The common question is, of course, "Will this trend continue?"
Most people would agree the short answer is, "Yes". A qualified "Yes" because there can be no guarantee. But a market with more active buyers than sellers will continue to put upward pressure on property values.
Buying now should lock you in for future gains in value! Selling now should allow you to realize accumulated gain in value!
Please contact me if you would like to take advantage of the Lake Vermilion real estate trend.
The January 22nd Snow Depth Map shows 18"+ on the ground. And with the storm that rolled through on Sunday/Monday you could probably add another 4-6" on to that number.
FYI, the historical snowfall extremes in the State of Minnesota are posted by the National Climatic Data Center here.
The photo shows a snowfall depth that is personally significant to me. This is the depth of the snow bank next to my garage. Let it snow.
Contact Bill Tibbetts for details on these new listings:
Back on the market! Pike Bay Lodge on Lake Vermilion is a unique, historic, and beautiful lakeshore property. A rare Lake Vermilion offering. Motivated sellers.
The first thing that occurred to me when I saw this product was "...who the heck would buy something like that?" But actually I know a couple of people who would consider something like that.
It's a wood-fired hot tub.
It requires no power, no plumbing, and no hot water. Simply fill it with water from the garden hose, light the fire, and enjoy 100 degree hot tub pleasure.
You can order one from Dutchtub in the Netherlands. Just $4800 plus shipping.
LakeVermilionRealEstate.com is one year old today!
This first birthday is a good time to announce a new feature that should appear frequently on these pages.
I know many visitors have used this webpage to help in their real estate search. Starting today, I will begin posting new property offerings as they appear on the internet, the Multiple Listing Service, or any other source. I hope this will be a faster way to preview newly listed property that might be of interest to you. These will be listings of all property types... lakeshore, rural land, homes, cabins, businesses, and all others. The one common attribute of all the listings is they will be located on or near Lake Vermilion. You could see, for example, a farm near Orr, MN, a home on Lake Vermilion's Niles Bay, or a riverfront building lot near Ely. If you have an interest in NE Minnesota property, please check this webpage often. Here's the first post of newly listed property:
If you have an interest in rural farm property, I will soon have photos and details on a 160 acre farmstead located just south of the Lake Vermilion area. This is a nice property that will come to market at $198,500. Please check back or send me an email and request additional information.
It is typical, when attending real estate licensing classes, to get an update on the rules and regulations that affect our business. In fact, you can count on it. The real estate business in Minnesota is regulated by the Department of Commerce and the Commissioner of this Department is currently Glenn Wilson. If you ever have a question or concern about the laws governing Minnesota's real estate industry and your preference is to have an answer directly from an official source, Glenn would be a good place to start. A portion of Glenn's mandate is to insure that real estate professionals deliver consumer services that comply with State Law.
Glenn answers the telephone at 651/296-6025 or replies to email here. I would not hesitate to call Glenn with any of your concerns.
I'll be in class for a couple more days. I will be back home on the lake at week's end. Between the classroom and the daily commute there aren't many worthy photo opportunities. So is it coincidence, fate, or some other mysterious phenomena that the license plate on this car should appear from the morning rush? (You may need a high quality monitor to view the image.)
It's going to be a bit challenging to post this week. It's the time of year for continuing education and I'm confined to a training center in the Twin Cities. Maybe a note or two tomorrow. Please check back.
We often burn a little firewood when the nights are in the subzero range. (That sounds Minnesotan.) You occasionally hear people comment on how wood heat is a "nice heat". (That also sounds Minnesotan.) But it's true. Wood heat feels nice, looks nice, sounds nice, and even smells nice. It can be a welcome compliment to the darkened and confined activities of northern Minnesota nights.
If you purchase firewood to fuel your winter heat needs, then the Minnesota Department of Commerce has got you covered. Please refer to their informational page on "How to Buy Firewood".
A visit onto the clear and crisp surface of the lake will give you little indication we are accelerating into a new year. Conditions on the lake are pretty static. At least today they were.
I like the "fresh start" aspect of January. A new year. A fresh start.
The local real estate market should be very active in 2004. The general interest in Lake Vermilion area property should continue to grow. That includes all lakeshore types (developed and undeveloped) on all area lakes, vacant recreational acreage, and rural cabins. The only sluggish property category in 2003 was residential property (rural and in-town). I expect activity on these properties would improve in 2004. Interest rates are still low. Local lenders are eager to finance.
The time to start your 2004 property search is now. Yes, in January. A prepared buyer is a confident buyer. The same is true for sellers. The winter months can be a great time to prepare for a sale. Please contact me for help with any real estate associated plans you might have for the new year. It's time to start.
It looks like we're in for a stretch of good ol' fashioned sub-zero temperatures. As I type this the temperature is hovering around zero with a refreshing westerly wind up to 20 MPH. Not preferred conditions for man nor beast... unless maybe you're a penguin.
I would assume these are the kind of outdoor conditions a penguin would take in stride. I wonder if a penguin would make a good pet? On a winter day like this, a penguin might provide great companionship. You could go for slow walks and maybe even take him down to the lake for a swim.
That's pretty far fetched. Or... is it?
Visit the Penguin Warehouse. Strangely, it's exactly as the name implies.
The State of Minnesota is selling a surplus airplane via an on-line auction. It's a four-seat 1978 Cessna 182RG. The minimum bid is $85,000 and the deadline to bid is 3PM on January 9th. You can view a photo of the plane here. All the additional details are here.
If you have an interest in a year-round home on the far west end of Lake Vermilion (Head of the Lakes Bay), then this new listing priced at $449,900 may be of interest to you. Please send me an email if you would like additional information or if you would like to arrange a showing.
Most Recent
Buyers!
8 acre 
Dutch Treat.
Happy Birthday!
That's Nice.
1 Down, 51 To Go.
