Waterfront Sales are Picking Up

The cold weather seems to keep dragging on, but I caught a glimpse of the weather report this morning and the temperatures may be looking up for the weekend. It seems, though, that a few waterfront buyers aren't waiting for the thaw, as there are some decent sales starting to come in from several of our agents across Minnesota.

Craig Mische, from our Alexandria Office, sent in a couple new sales this morning totalling nearly $1,000,000. Mike Stanwood has also had some very nice sales over the last few months - even in the dead of winter - up in the Breezy Point and Whitefish Chain area. His average price seems to be holding in the $500,000 range also, so it sees that the price reductions in the half million to $750,000 range properties have brought a lot of interest. We have noticed an increase in emails from prospective buyers in Grand Rapids, the Northern Twin Cities and Rainy Lake - and Brainerd, Bemidji and Ely leads have remained fairly steady.

On the listing end of the market, Chris Dubose has had quite a few calls over the last week from lake property owners around Chisago Lakes and Balsam Lake, Wisconsin, who are trying to beat the rush by getting their lake places on the market. And Sandra Ortman and Terri Haapoja added this interesting lake property on Little Wabana Lake just north of Grand Rapids with over 70 acres on the water. I also just listed this great lake home a few miles out of Grand Rapids on Prairie Lake, with 800' on the water and its own peninsula.

All in all, we are seeing quite a bit of activity on both the listing and purchasing end of the market for waterfront properties. Let's hope it continues, because having a balanced market this year would be good for everyone!