Lake Vermilion Real Estate

The National Association of Realtors has issued a new survey on investment/vacation home buyers.

Are you considering a lake property purchase?

Click here is see if you fit into the most recent data on vacation homes and vacation home buyers.

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.

Interesting.

Here’s a nice big smooch for your sister.

We have a tie. And nobody likes a tie. 2014 ended with 73 total Lake Vermilion sales. That’s the same number of sales as 2013 and it ends a run of 6 consecutive years of increasing closed sales.

We were on a path to have an improved year but the month of December pulled up lame with only 3 completed sales.

The total dollar amount for Lake Vermilion sales in calendar year 2014 is $19,101,707. The average sales amount for that group was $261,667 with an overall sales range of $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.

(As always, the grey lines show previous years and the red line represents 2014 completed sales.)

(All data was sourced from the Range Multiple Listing Service.)

It looks like the Lake Vermilion end of year final sales total will be a real horse race with 2013.  I’ll post the final “Comparative Lake Vermilion YTD Sales” graph after the first of the year.  Please check back soon.

Until then… Happy New Year to all Lake Vermilion enthusiasts!

An active real estate market (with an increasing number of completed sales) is a healthy market.

Here is the updated chart that illustrates comparative Lake Vermilion real estate market performance for the first eight months (through August) of 2014 versus previous years.

(The grey lines show previous years and the red line represents 2014 year to date completed sales.)

The total dollar amount of the 2014 year to date sales is $10,201,707.

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.

(All data was sourced from the Range Multiple Listing Service.)

What is the status of the 2014 Lake Vermilion real estate market?

Here is the updated chart that illustrates comparative Lake Vermilion real estate market performance for the first five months of 2014 versus previous years.

(The grey lines show previous years and the red line represents 2014 year to date completed sales.)

The total dollar amount of the 2014 year to date sales is $3,943,657.

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.

(All data was sourced from the Range Multiple Listing Service.)

Is the Minnesota vacation home market heating up?  This article says, “Yes!”.

The Minnesota Fishing Season opens tomorrow, Saturday, May 10th for Walleye and Northern Pike.

You knew that.

A first hand observation of the lake on this day would suggest there will be a fair portion of Lake Vermilion with ice cover for Opening Day.

Lake Vermilion is ranked as one of the top 10 Walleye lakes in the state per the Minnesota Department of Natural Resources.  The 2014 Walleye population in Lake Vermilion is historically very strong.  The DNR has a nice online resource for Minnesota anglers.

Don’t forget… Lake Vermilion has a slot limit for Northern Pike (24″ – 36″) and Walleye (18″ – 26″).

Good luck!