Updated: 06/13/2014 6:21 PM
Created: 06/13/2014 5:07 PM WDIO.com
By: Travis Dill
Some Northlanders are heading out to cabins for the weekend, and now more folks from the Twin Cities are putting money down for the same scenery. Real estate agents say vacation home sales on the North Shore are bouncing back from the recession, but there is still room for improvement.
“People like this. They like the beauty of the North Shore. They love coming to the North Shore, and it's very fun to sell,” Lavonne Christensen of Odyssey Real Estate Group says.
Christensen is a humble real estate agent in Two Harbors who says the beautiful shoreline homes sell themselves, but not during the recession.
“The low point for vacation home sales, at least for our company was in 2011. We kind of hung in there in 2008 and 2009, but 2011 and 2012 were pretty bad,” Christensen says.
Now, she says, the Twin Cities is recovering and buyers are back in the market for views of Superior and other scenic spots in the Arrowhead.
“Last year we did year to date sales at $4 million, and so far in 2014 we're at $7.5 million in sales,” Christensen says.
She says it is a good sign, but recovery is far from over because some homes are selling for half price.
“When we were selling these in 2005 and 2006 they were selling for $895,000, a couple of them as high as $1 million, and the market has been tough here. We've had a few sales at $440,000,” Christensen says.
She says that is due to a surplus of homes on the market, but prices should bounce back as inventory shrinks.
“I've been saying this for awhile, that in the next year or so prices will start going up,” Christensen says.
She says as more people head up the North Shore the tourist communities should benefit.
“Restaurants and all of that then it's always good to have that tourism and more people that come and are active up here,” Christensen says.
Chisholm-Based 114th Officially Welcomed Home
After returning from a 9-month deployment in Afghanistan, the Chisholm-based 114th Transportation Company got a proper homecoming from the community Saturday.
Burger King Construction Site Falls Victim to High Winds
The new Burger King site off Highway 53 in Duluth was a victim of high wind speeds Saturday. Crews said they were working on it around 10 a.m. when it collapsed. Wind speeds were gusting up to 40 miles per hour.
Scout for Food Event Makes Donating Easy
Local boy scouts helped grocery shoppers during the Scout for Food event Saturday. The goal of the event is to make it easy for people to donate to the annual Share Food Drive.
Chicken Kiev Linked to Minnesota Outbreak Recalled
Federal authorities say a Chicago company has recalled nearly 29,000 pounds of chicken Kiev products linked to a salmonella outbreak in Minnesota. The U.S. Department of Agriculture says the raw, frozen chicken entrees from the Aspen Foods division of Koch Meats were sold as Antioch Farms brand A La Kiev raw stuffed chicken breast.
Wisconsin Sex Offenders Must Stay Home on Halloween
Police are teaming up with parole agents across Wisconsin to make sure sex offenders stay home on Halloween night.