Visitors are flocking to the Chisago Lakes for vacations, fishing, events, family and friends and they surprised by the beauty of the lakes and small-town feel. Lake homes look their best right now, with the docks in, the clear water, and flowers in bloom, but there is very little inventory for buyers to choose from. July and August are historically excellent months for lake home sales.
This week I met a couple from Inver Grove Heights, looking for a home on Forest Lake and they decided to stop by my open house on Green Lake and they loved the area more than Forest Lake. I met another couple that lives a block off Big Marine Lake, and another a block off Forest Lake and both couples want to live on a lake in the Chisago School District.
According to the Multiple Listing Service (MLS), there have been 32 waterfront home sales from January through June 2018, in Chisago County. The median price of the sold properties increased 15% from $318,500 in 2017 to $368,750 in 2018, for the first half of the year.
The least expensive waterfront home that closed this year was in Lindstrom on South Center Lake for $209,000 with .27 acres and 59’ of lake shore on a small bay. The most expensive waterfront home that closed this year was in North Branch on the Sunrise River for $675,000 with 67 acres and 5000’ of waterfront.
The 26 new waterfront listings entered on the MLS in June, had a median price of $379,450, for the County.
The median sale price for Washington County waterfront homes was 41% higher than Chisago County at $521,500 for the first half of 2018. The least expensive sale was a cabin on Forest Lake for $169,000 with .26 acres and 59’ of frontage. The most expensive sale was for $1,380,000 on Masterman Lake with 6.76 acres and 200’ of frontage.
Chisago County waterfront homes will continue to be in high demand as the metro lakes prices continue to rise. If you put your home on the market now you can still enjoy the lake for the rest of the summer!
If you are thinking of buying or selling a waterfront property contact a local experienced real estate agent to help you navigate the real estate market in the Chisago Lakes Area.
Ask the Real Estate Agent is a weekly column by Cheryl Kempenich of Coldwell Banker Burnet, who lives and offices in the Chisago Lakes Area. Submit your questions to firstname.lastname@example.org. All information is deemed reliable but not guaranteed. For legal assistance consult an attorney.