No 10 2017
*jcrlake.com
REAL ESTATE MARKET UPDATE ▐ 2017
OUTLOOK
It is hard to predict what 2017 will look like in the local real estate market. Since we do not have a crystal ball it is pretty much impossible to say. However, we have looked at the past years and reviewed some national data including economic indicators to understand the local real estate market better and will provide you with an “outlook”. Looking at the 2015 and 2016 statistics we know that the local real estate market has been strong and growing. Both years have been record sales years in the past decade’s time period. It looks like we have overcome the housing crisis of 2007/2009 and during the past 8 years we have experienced not only a regrown national strength of the economy but also found stability in the real estate market. The local housing market in Lakes Country is impossible to compare to markets like Florida, Arizona or California and even hard to compare to a Minneapolis market. Even the Fargo-Moorhead metro area is substantially different from Lakes Country. Therefore, it is in the best interest of Buyers and Sellers to consult with local real estate agencies who live, work and know the local real estate market best. Statistics show that average real property prices went up by 8% in 2016 over 2015 and we believe that 2017 will continue to drive prices at least slightly. Despite the fact that interest rates for home loans are on the rise we predict an increase in property sales nevertheless. A majority of the people buying in Lakes Country are adding a second home to their lives and only some re-locate their families. Another big group
▐ MAP
of buyers are retirees and pre-retirees finding their home in Lakes Country to enjoy another chapter of their life. Increasing interest rates will not slow down these buyer groups to purchase in the area and possibly accelerate their decision to buy this year. With a predicted interest rate of 4.5% by the end of this year according to The Wall Street Journal the affordability for a home loan is still given. This means that we are predicting a stable and growing real estate market for 2017. Our group of experts will answer all your questions when considering selling your property this year. At Jack Chivers Realty we offer the largest marketing services for sellers in the region and are the most successful agency with the highest brand recognition. If it’s not listed with Jack Chivers, is it really for sale?
▐ 2015
VS 2016 $197,071
Average List Price
2015 $212,166
2016
+7.6%
$186,333 Average Sold Price
2015 $201,303
2016
+8% SOURCE: LCAR
SEARCH
The JCR website offers cutting edge technology for the highest search convenience on both desktop computers and mobile devices. The map of lakes country becomes the buyers research destination showing results of all available property types in the area including vacant land, residential and lakeshore properties, to name a few. Visitors can also create a personalized search by filtering preferences reflecting their individual needs. The next time you are on a lake you love, use the ‘locate me’ function to find all properties for sale around you. *jcrlake.com
▐ LAKE
LIFE PHOTO CONTEST
Share with us your Lake Life, and best captured moments for a chance to win a $50 gift certificate to Spanky’s Stone Hearth restaurant every week! HOW TO WIN Submit a digital copy of your picture to contest@lakelifewknd.com by Tuesday at noon each week to enter the drawing. Include your full name, age, location and date of photo taken. Contest ends August 1, 2017. One winner per week for best picture in any category. ▐ LAKE
LIFE WKND PODCAST
The only local, lifestyle podcast from northern Minnesota is now available. In each episode of LAKE LIFE WKND, we highlight upcoming events, share local news, and interview a lake life guest to speak about their impact in the area. This weekly podcast is the most popular ondemand way for visitors and residents to get the latest updates and cool insights for lakes country.
CATEGORIES 1. Beach scenes 2. Lake landscapes 3. Water action GUIDELINES Email high resolution pictures only, to qualify. You can submit one photo per category, per week. By entering this contest, all rights for reproduction and use of photographs are shared with us. Follow the LAKE LIFE WKND Facebook page to see each week’s winner.
ROAD TRIP
You pass through both lakes slowly and climb up a little hill which gives you a beautiful view of Lake Lida from the top. After passing Lake Lida you take a left going South on 233rd Ave which merges into 230th Ave and leads onto HWY 108 soon after. Keep going straight ahead South and you are on the most beautiful road in lakes country I find. The road takes you along the shore on the south side of Lake Lida and you practically drive right between two lakes. The most beautiful views so close to the water!
At www.lakelifewknd.com you will also find a complete area event schedule as well as area news and new weekly destination tips. This website is the only platform of its kind in the local area merging all info for a fun wknd. Subscribe to LAKELIFEWKND on iTunes or Podbean and automatically receive the latest episode each week to listen to on the way to the lakes. Don’t miss a beat, get out and explore and most of all, enjoy your weekend!
*lakelifewknd.com
weekly
▐ EXPLORE
LAKES COUNTRY
Perfect weather and beautiful sceneries are inviting for many road trips in Lakes Country again. We all have probably seen or taken the Scenic Byway Roads in Ottertail County before. If not, go out and explore! I love road trips and whenever I have a chance I go out and drive. It is the feeling of freedom to me when driving while my eyes look into the endless distance of rolling hills, blue sky and water. The area around Vergas where I always begin my road trips is popular for motorcyclist and convertible cruisers but also a great road trip destination for the whole family. Away from digital media and TV entertainment you and your kids can watch wild life and the beauty of nature right in front of you. My son Harry and I go on road trips almost every week and I will share a couple spots which are worth to check out.
lakelifewknd.com events. news. guests.
BY DIRK OCKHARDT
A Saturday Road trip for us usually starts off with a lunch at Loon’s Nest in Vergas. Yes, best burger around and Harry gets extra pickles with it. From there we leave town going West on HWY 4. You pass Loon Lake, Spirit Lake and drive through rolling hills until you reach Crystal Lake and Lake Lida.
Following a nice curvy drive through trees, rich green and rolling hills you will arrive at the main entrance to Maplewood State Park where you can stop in with the family to explore more of Minnesota and take a little hike after a big lunch. The drive from Vergas only takes 20-30 minutes on that route. After spending the afternoon at the park and hiking the little “mountain” you probably enjoyed incredible views over Lake Lida and South Lida: unwinding, recharging and reconnecting. Maybe you deserve a treat now? We usually continue our trip leaving Maplewood going east on HWY 108 through another great winding road. We call those Porsche curves in Germany…and they are fun. When successfully passing through that stretch you arrive at the north west corner of Star Lake shortly after. On the corner of HWY 108 and HWY 41 there is a colorful building with a patio in front to your right. Stop there and visit DuCharme’s Corner Store for ice cream and a break. When you are finished with the ice cream I believe you are ready to head home for dinner or a BBQ some place. The whole trip with lunch and hiking probably takes 5 hours. If you follow 108 east you come to 85 going north which will lead you right onto HWY 35 which winds back to Vergas. You should find home from there again. Try this sometime #getoutandexplore
*lakelifewknd.com
Juggler Lake
Elbow Lake
White Earth Lake
Bad Medicine Lake
Big Rat Lake 21
Many Point Lake
Strawberry Lake
Big Basswood Lake
37
Big Egg Lake Round Lake
143
ICE CRACKING
Tilde Lake
Big Rush Lake
Tamarac National Wildlife Refuge
21
Eagan Lake
CALLAWAY
Flat Lake
Little Round
Buffalo Lake
26
26 37
Shell Lake Tamarack Lake
Rock Lake
Stinking Lake
Island Lake Pine Lake
Seabold Lake Duck Lake LaBelle Lake
21
Boyer Lake
Sand Lake
Marshall Lake
Toad Lake
Brandy Lake
11
Little Toad Lake
Larson Lake
Stakke Lake
Long Lake
Nelson Lake
Leaf Lake
Upper Cormorant
Lake Sallie
11
Lake Maud Lake Ida
EVERGREEN Clinton Lake
Lake Melissa
Lake Eunice
Senico Lake
Abbey Lake
Loon Lake
5
Hungry Lake
Big Detroit Lake
Pearl Lake
Big Cormorant Lake
Middle Cormorant
Wolf Lake
DETROIT LAKES
Little Cormorant Lake 6
Turtle Lake
Pickerel Lake
Floyd Lake
AUDUBON
5
Bijou Lake
Height of Land Lake
Cotton Lake
LAKE PARK
Reeves Lake Johnson Lake
CORMORANT
Eagle Lake
Mill Pond Sauers Lake
20
Little Pelican Lake
Six Lake
Hand Lake
Fairy Lake
Scalp Lake
Hook Lake
Mud Lake
BUTLER
Bear Lake
VERGAS Long Lake
Lake Franklin
Little Pine Lake
4
Grove Lake
Loon Lake Crystal Lake
Lake Olaf
Silver Lake
Wimar Lake
Rose Lake
DUNVILLA
Prairie Lake
Murphy Lake
Leek-Trowbridge
Fish Lake
Lake Lizzie
Dead Lake
Five Lake
Pelican Lake
Tamarack Lake
FRAZEE Graham Lake
Sybil Lake Little McDonald Lake
East Spirit Lake
Big Pine Lake
4
PERHAM West McDonald Lake
Lake Lida
Big McDonald Lake
PELICAN RAPIDS
East Silent Lake
West Silent Lake
DENT
Round Lake Rice Lake
Marion Lake
Star Lake
Tamarack Lake
Maplewood State Park
NEW YORK MILLS RICHVILLE
Round Lake
ERHARD
Rush Lake
Eddy Lake Dead Lake
Knobel Lake Long Lake
Long Lake
Mud Lake Long Lake
Walker Lake
Heilberger Lake Pickerel Lake
Buchanan Lake
OTTERTAIL
1
Lake Jewett Devils Lake West Lost Lake
ELIZABETH
West Leaf Lake
Otter Tail Lake
Twin Lakes
East Leaf Lake
Gourd Lake
10 1
Fish Lake
Pleasant Lake
Anna Lake
East Lost Lake
Deer Lake
Round Lake Lake Blanche
Glendalough State Park Norway Lake
FERGUS FALLS
Bass Lake
North Turtle Lake
UNDERWOOD
South Turtle Lake
HENNING
JACK CHIVERS REALTY DETROIT LAKES, LLC
First Silver Lake
BATTLE LAKE
West Battle Lake
Clitherall Lake
East Battle Lake
1110 Highway 59 South Detroit Lakes, MN 56501 Office (218) 847-3112 Fax (218) 847-5242 info@jackchiversrealty.com www.jackchiversrealty.com
JACK CHIVERS REALTY 1110 HWY 59 SOUTH DETROIT LAKES, MN 56501
▐ MEET
THE CHIVERS
▐ JACK
CHIVERS LOCATIONS
DETROIT LAKES MAIN OFFICE Brokerage and home to our 10 local agents, back office and our marketing department located at 1110 Hwy 59 South in Detroit Lakes.
JACK CHIVERS (218) 841-7624
LISA JASKEN
(218) 841-8211
PAULA OKESON (218) 234-9726
DETROIT LAKES KIOSK A display for visitors and area residents to browse for properties located in the Washington Square Mall in Downtown Detroit Lakes. PERHAM BRANCH OFFICE Our recently opened office location to service the Perham market place, with a new full time expert available to all clients. Located at 107 West Main Street Downtown Perham. VERGAS LAKE LIFE!* LOUNGE Our destination in the heart of lakes country with a full time expert available to all clients and prospects located at 130 East Main Street in Vergas Minnesota.
JENNIFER MAXWELL (218) 849-5144
BLAKE OLSON
(701) 866-5297
MARLYS AILIE
(218) 234-7613
FERGUS FALLS BRANCH OFFICE Our newest office is conveniently located in the downtown area with a window storefront showcasing properties for sale 24/7. Located in the historic River Inn building at 133 South Mill Street in Fergus Falls. FARGO BRANCH OFFICE A window to Lakes Country showcasing our exclusive lake properties for sale at 624 Main Avenue in Downtown Fargo.
JASON WITZKE (218) 234-1904
TERRI USHER
(218) 849-2242
MICHELLE FALK (218) 979-2003
▐ CONTACT
JACK CHIVERS REALTY DETROIT LAKES, LLC 1110 Highway 59 South Detroit Lakes, MN 56501 Office (218) 847-3112 Fax (218) 847-5242 info@jackchiversrealty.com www.jackchiversrealty.com