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.
Thousands of Northlanders go to Thanksgiving Buffet at the DECC
The annual Twin Ports Region Thanksgiving Buffet was held at the DECC on Thursday. This is the 25th year of the dinner produced by Twin Ports community volunteers and the College of St. Scholastica. The event served an estimated 65 hundred meals including 13 hundred meals that were delivered around the area.
Shoppers Make Thanksgiving Bargain Hunting New Tradition
More and more Americans are now making gift shopping on Thanksgiving a new holiday tradition, and in Duluth, one retail welcomed shoppers at 7 a.m. on Turkey Day with deals. Experts say 25 million shoppers will hit stores to take advantage of the early deals this Thanksgiving....
One Man Dead After House Fire in Town of Superior
One man is dead after a house fire broke out in the Town of Superior on Thursday morning. It happened around 1:30 a.m. on the 6300 block of South Darrow Road. Crews arrived on the scene to find the lower floor of the two-story house fully engulfed.
Group Aims to Spread the Love to Service Members Overseas
'Tis the season to give and a group of women in northwestern Wisconsin is spreading the love to our service members overseas. They need the public's help to fill 300 boxes before Christmas.
1 Killed, 3 Injured in Alborn Township Rollover
A rollover in Alborn Township turned fatal early Thursday morning. A 48-year-old Shoreview woman was killed in the crash. Officials say her name is being withheld until her family is notified.