1251 S Pokegama
Grand Rapids, MN 55744
(218) 999-5222

Grand Rapids MN Real Estate Market and Realtors

As summer is here and we are getting a nice string of weather. I thought I would give an Update to the Grand Rapids MN Real estate market and my thoughts as a Realtor/ Broker. First off, we have a fairly strong real estate market for residential housing under 225k. This is mainly local buyers with a few transfers here and there. So if you have a home to sell in town or out of town but say less than 15 miles out, now may be the time! I am not saying those values are way up. (Maybe slightly) However these homes are selling. What our buyers want is no major projects, some updates done and open floor plans. If we get in that 150k and up they demand more space or some land or newer construction / updates.

Lake Homes and Cabins in Grand Rapids Minnesota

I was running some numbers for my clients on lake homes and cabins this morning and here it is a bit slow. I am showing that the sold and pending listings of now are about 14 percent of the total listings. So does that mean I can’t sell lake homes and cabins? NO! It means our buyers are not out in force and they can look at many properties and pick the best bang for their buck. So this market is for sure a Buyers’ market. Again we can help you find that deal you are looking for or if you are selling we can help you be in the right place price wise. I have talked to many Grand Rapids Realtors and they are saying pricing is the key to a sale this year. This brings up an interesting point. If you are in the market for a primary home. Don’t feel you cannot afford a lake home. You may not get you dream home on Pokegama for 199k however you may get a solid home with lakeshore for not a lot more than a home without.

Land and Lot Market Analysis

Again we are in a buyers’ real estate market for this bracket as well. I have building lake shore with power and road for 29,800.00.  I have seen a few 40 acres tracts selling for 500.00 per acre and they are not all swamp! I have a nice lot on Trout with stairs, well, power and cleared site for 109800.00. So if you are buying or selling give us a call today so we can help. 218-999-5222

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