Real Estate Market Update

It’s cold but the market is active this year. Are you voting for Lake Life this year?

We have experienced many sales during the first couple months of 2020 and it looks like we are going to have many new property owners in Lakes Country this year.

Since our company was founded on April 1, 1980 we have specialized in recreational real estate sales and have grown into a unique lifestyle agency over the past 5 years. With that much experience in the local market we believe it is fair to say that we are experts in our field. When it comes to predicting the future we cannot promise real property value to increase. It is in fact against the law to make such promise. However, looking at historical data it is a fact that the value of properties in West Central Minnesota has significantly increased over the past 4 decades.

One thing Jack Chivers always used to say to me was: “they don’t make any more lakes”. Indeed, lake shore property is a special kind of real estate and a very popular one, too. That being said, when you find what you have been looking for you should pull the trigger. The past year we have had less properties come available for sale which resulted in less days on market on average until they sold. Again, it feels that people who have been waiting to find their lake home are now making decisions fast.

On the other hand we think that many younger families have invested in lake shore property during the past 10 years and are still enjoying lake life. Many owners are not ready yet to let go again of their property which means that new buyers have fewer available properties to choose from. It feels like we have more undeveloped lots available now and buyers are considering to build new.

Whatever it is that you are looking for when considering to own real estate in Lakes Country please contact us and we like to make our local expertise your advantage when searching for your future property. Meet the Chivers team on the following page and a collection of currently available properties. You will find all available properties for sale online.