There were 47 completed sales (all property types) through June with an average selling price of $283,376. Increased buyer activity reduced the pressure for sellers to negotiate pricing. Some listings have been excluded from this website. This quiet bay offers Beautiful large lot with 840' of actual shoreline and 4.5 acres on Lake Vermilion in northern Minnesota. Resorts such as the Fortune Bay Resort and Casino feature lovely rooms. Also, if this combination persists, it would reasonable to expect 1) a market that favors the seller and 2) upward pressure on market values. Comparing Lake Vermilion (all property types) Final 2021 versus Final 2022 shows the following: So what can be expected in the 2023 Lake Vermilion market? By searching, you agree to the EULA Terms Agreement. Check out these bank owned (REO) water front properties. Adjoining lots for sale, and option to Centrally located road access, drive to lot near Timbuktu. No neighbors, just the beauty of acres and acres of wooded land. Located in: Ciudad Autonoma de Buenos Aires, Argentina Delivery: Estimated between Wed, 22 Mar and Thu, 6 Apr to 98837 Please allow additional time if international delivery is subject to customs processing. Whether you're looking for lake homes, cabins, lakeshore, rural acreage, hunting land, residential or commercial properties, we are here to make your search successful. There were not enough properties for sale to meet the level of buyer interest. However, as noted above, lower than typical inventory could dampen the potential for third straight record year. Comparing Lake Vermilion (all property types) YTD 2021 versus 2022 shows the following: The market performance for the second half of 2022 is a tough prediction. 9/10/2022, 5773 Lake Vermilion North N However, as mentioned and suggested in the mid-year post, the most significant limiting factor in the final sales number was, most likely, the amount of available inventory. If inventory remains low and buyer interest remains solid, sellers may benefit with a continuing upward trend in market values. A Lake Vermilion vacation means some of Minnesota's best fishing unique attractions family vacation fun It also means romance, championship golf, non-stop casino gaming, and a great place to getaway and relax. American Bank - Cook, MN Lake Vermillion offers a variety of activities while also being a supreme location to relax. (800) 525-7452. Listings courtesy of Northstar MLS as distributed by MLS GRID. There is about 4.5 acres of wooded land. Information deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. LAKE VERMILION ISLAND LOT Looking for a boat acce . 5773 Lake Vermilion North, Tower, MN 55790 Listing ID143567 RAOR Price$125,000 $5K StatusActive Min Acres 4.600 Water access only lake lot that borders up to the BWCA! Lake Vermilion Resort Association Besides the lakes, Fortune Bay Casino can is known as the areas most favored attraction. 2022 saw 67 completed Lake Vermilion transactions. MLS# 6222305. Many people choose to live near Danville, IL because of its good reputation as well as its proximity to several parks and recreational areas. Information deemed reliable but not guaranteed. Governor Tim Pawlenty announced the state was negotiating the purchase from U.S. Steel of a large area of land on the southeastern shore of the lake for a proposed new Minnesota state park. Includes an updated two bedroom seasonal cabin with viny. (As with all previous graphs, the grey lines show prior years and the red line represents 2020 data. Undeveloped lake lot is 4.5 acres and has 255' of frontage, is near Trout Lake Portage and has a mixture of . Viita Excavating. Thats not a call. Includes Year Round Deep Pond At North Border & Adjoins Drive Home To The Lake Vermilion Retreat Of Your Dreams! Status: Active. This content last refreshed on 03/01/2023 8:51 AM. Get a no-obligation estimate of your real estate market value. More About Lake Vermilion Area Lake Areas 56 Listing Results Eagles Nest Lake Number 2 - Eagles Nest Twp Homes Fivemile Lake - Eagles Nest Twp Homes Lake Vermilion Homes It is also a shorter drive from the cities than a lot of places. 95186 Pine Island. Copyright 2018 Vermilion Land Office. Coldwell Banker Find Vermilion Lake, MN homes for sale, real estate, apartments, condos, townhomes, mobile homes, multi-family units, farm and land lots with RE/MAX's powerful search tools. As is obvious in this latest graph, the enthusiasm seen in the Lake Vermilion real estate market in the second half of 2020 has continued into the first half of 2021. I do see that the number of pending sales, at this writing, are near typical numbers. Beautiful 16.25 acre property with onsite power access. Each office is independently owned and operated. 1 Copyright 2023 Lake Superior Area REALTORS, Inc. All rights reserved. If you have a disability that is preventing you from experiencing this Information is deemed reliable but is not guaranteed. International shipment of items may be subject to customs processing and additional charges. South-facing giving you warm breezes and lots of sunshine! Based on information submitted to the MLS GRID. 4 Looking for a peaceful escape? Browse 1 Vermilion County, Louisiana Homes for sale by owner and real estate listings, or sell your home with a low cost flat fee on ByOwner. Lake Vermilion is a shallow freshwater lake in northeastern Minnesota, . The lake has an abundant supply of walleye, muskie, northern and bass fish. Terms of Service apply. The lake itself is virtually surrounded by the Superior National Forest. Lake Vermilion Homes 2184 Birch Point Road New Listing 2184 birch point road Tower, MN 55790 $599,000 2 BED 2 BATH 1,092 SQFT 0.67 AC LOT 32 more photos Bedrooms 2 Total Baths 2 Full Baths 2 Square Feet 1092 Acreage 0.67 Status Active MLS # 144684 County Rural N of Hwy 169 - 135 Welcome to your lakeside retreat. Minnesota DNR Lakefinder The warmer months of spring, summer and fall offer their own special form of outdoor amusements including, boating, fishing, hiking, biking and camping in this spectacular expanse of wilderness. Rolling terrain has made for easy trail access down to the lake for a future dock site. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the the Range Association of REALTORS Multiple Listing Service. Spending a leisurely afternoon of horseback riding on one of the designated trails can provide a lifetime of wonderful memories in a single summer afternoon. In June, plan a trip to Lake Vermilion's Harbor Festival where visitors can enjoy local crafts, music and food. Browse Lakeside Pointe, Crystal Lake Illinois Homes for sale by owner and real estate listings under $200k, or sell your home with a low cost flat fee on ByOwner. The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. 144509. Search the most complete Vermilion Lake, MN real estate listings for sale. All of our agents live near Lake Vermilion, with several agents living on the lake. Stay tuned. Welcome to your lakeside retreat. 2 Total Baths. Comparative Lake Vermilion YTD Sales (Final 2022), Comparative Lake Vermilion YTD Sales (First Half 2022), Comparative Lake Vermilion YTD Sales (Final 2021), Comparative Lake Vermilion YTD Sales (First Half 2021), Comparative Lake Vermilion YTD Sales (Final 2020), Comparative Lake Vermilion YTD Sales (First Half 2020), Comparative Lake Vermilion YTD Sales (Final 2019), Comparative Lake Vermilion YTD Sales (First Half 2019), Comparative Lake Vermilion YTD Sales (Final 2018), Comparative Lake Vermilion YTD Sales (Through The 3rd Quarter Of 2018), Completed sales 109 sales versus 67 sales, Average selling price $387,401 versus $433,173 (Median selling price = $300,000 versus $345,000), Average days on market 186 days versus 183 days, Closed sales above asking price 11 sales versus 16 sales (10.0% versus 23.8%), Closed sales at the asking price 16 sales versus 7 sales (14.6% versus 10.4%), Closed sales below the asking price 82 sales versus 46 sales (75.2% versus 68.6%), Completed sales 47 sales versus 28 sales, Average selling price $283,376 versus $426,339 (Median selling price = $235,309 versus $285,250), Average days on market 223 days versus 273 days, Closed sales above asking price 4 sales versus 8 sales (8.5% versus 28.5%), Closed sales at the asking price 8 sales versus 4 sales (17% versus 14.2%), Closed sales below the asking price 35 sales versus 16 sales (74.4% versus 57.1%). Some features of this website may not work until you update to a supported browser. Located on the calm, remote waters of Black Bay. Please drop me a note! SEARCH. Twitter The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the the Range Association of REALTORS . Bath, 4 Please drop me a note! Furnished Yr Rnd Historic Log Dream Cabin Set Back Off Dead End Rd On One Of The Most Prominent Lots On Birch Point-- See 180 Deg Blue Wa As of March 1, 2023 there are 91 active Lake Vermilion Properties lake property listings for sale with an average listing price of $475,641. So you are looking for homes with waterfront in Danville, IL? Copyright 2023 Lake Superior Area REALTORS, Inc. MLS All Rights Reserved. Property includes private island, private bay, one mile of shoreline, 46 acre Lake Vermilion: Furnished Like New Dream Home At Waters Edge W/150 Ft Sunset Sand Beach, Gradual Yard, Island Studded Views Of Daisy Bay! Price $ Update . Redfin Estimate for 5773 Lake Vermilion North N. $113,956. Today the cities are convenient for convenient stores, shops, and restaurants. 2023 Copyright 2023 Lake Superior Area REALTORS Multiple Listing Service. Orr, MN Facebook Beds. 210 feet of shoreline on a 1.2 acre wooded lot. 2012 HONDA CIVIC CPE Vin: 2HGFG3B52CH523330 OHIO - VERMILION, Bid Now, No license required, Used, Salvage Cars for Sale On Us Online Auctions Copart, IAAI, Manheim 2023 Range Multiple Listing Service. Copyright 2023 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Listing information last updated on March 1st, 2023 at 8:46am CST. The average sales amount for that group was $322,597. For the true adventure lover, consider the exhilarating thrill of water skiing on the calm blue waters of Lake Vermilion. Culbert Realty, Century 21 Water access only lake lot that borders up to the BWCA! Park-like setting with rocky outcropping shoreline, electrical pedestal, Certificate of Survey included. I would suggest that, through July 2022, overall buyer enthusiasm was present only to be throttled by the restriction of unusually low available inventory levels (which is revealed in the reduced number of closed sales). For convenient stores, shops, and option to Centrally located road access, drive to near! Of Black Bay, shops, and option to Centrally located road access, to! The pressure for sellers to negotiate pricing $ 322,597, sellers may benefit with a continuing upward in. Shallow freshwater Lake in northeastern Minnesota, Inc. all Rights Reserved lots of sunshine $ 113,956 agents near. 1 Copyright 2023 Regional Multiple listing Service this writing, are near typical numbers you from this! Agree to the BWCA the most complete Vermilion Lake, MN Lake Vermillion offers a variety activities... Of buyer interest remains solid, sellers may benefit with a continuing upward in. 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