abc
QUICK LINKS:

Vacation Homes Selling Faster But Cheaper on North Shore

Updated: 06/13/2014 6:21 PM
Created: 06/13/2014 5:07 PM WDIO.com
By: Travis Dill
tdill@wdio.com

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.

Front Page

  • Blue Angels Practice For Weekend Air Show in Duluth

    It's breathtaking and maybe a little nerve racking to watch, but it's a typical day at the office for Lieutenant Commander John Hiltz. The Blue Angels went up for a practice run Thursday. They're in town for the Duluth Air Show that kicks off on Saturday.

  • Northland Kids Hang Out With Navy Seals in Duluth

    Navy Seals were grounded Thursday, but they still entertained kids with the Boy and Girls Club. The eight-member parachute team was suppose to drop in at the Heritage Sports Center for a few hundred kids, but our weather changed the plans. Other fun was had for Navy Week Duluth.

  • Sammy's Pizza Takes the ALS Ice Bucket Challenge

    Sammy's Pizza gathered a group of it employees in downtown Duluth on Thursday to take the ALS Ice Bucket Challenge. The company is donating to the ALS Association, as well, and challenging other local businesses to follow suit.

  • Cable, Wis. Recruits Volunteers for International Competition

    Cable, Wis., is hosting the 2015 International Paralympic Skiing World Championships in January. They kicked off their volunteer recruitment efforts on Thursday. They're expecting about 150 athletes from 20 countries.

  • Navy Divers Show Off Their Skills at Great Lakes Aquarium

    It may be time for the Duluth Air Show, but not all the action is up in the sky. Navy divers stopped by the Great Lakes Aquarium to dive with some local fish and show off their skills to the public. 

 
Advertisement