Crosslake - Brainerd - Whitefish Chain - Gull Chain
Minnesota cabins - Minnesota lakeshore property - Minnesota lake lots

March 2011

Good morning!  As spring is finding itself delayed so also is an early spring rebound of the Crosslake - Brainerd Lakes area real estate market.  We still have snow and ice on the ground and we are patiently waiting for warmer weather.  This year ice-out will be delayed 2 to 3 weeks compared to last year.  In 2010 ice-out was on April 3rd which almost set a new record for our area.  last year we experienced a spike in buyer activitiy right after ice-out and we began to see sales.  We anticipate a similar response this year.  We are exveited for what lies ahead.
With prices having continued to decline over the last 4 years, 2011 will be a defining year for real estate in the Brainerd Lakes Area.  We anticipate the market will have a strong chance to establish a base where values will hold and end the declines we have experienced.  The greatest influence in our second home market is the buyers' perception of concerns with the economy and the associated risks of purchase.  The stock market continues its gains and with that is the re-establishment of the wealth needed to be moved back into our areas' real estate market.
With adjustments in market value nearing 40% there is a strong likelihood that the market will find its base this year.  We anticipate an improved buyer response in 2011.  With that inventories will be reduced and stabilization will follow creating a new platform for the area market to grow from.  A reduction of the existing inventory of properties currently in the market is the key.
Being a second home recreational market we are subject to what has in the recent years been considered a discretionary investment.  I have attached a link below to an article from Realty Times Headlines which is a national real estate news network.  I believe it is a correct view of what we have been dealing with.  realtytimes.com/rtpages/20110328_realestateoutlook.htm
We appreciate your confidence and look forward to a rebounding 2011 Crosslake - Brainerd real estate market ahead.  Please call with any questions or concerns or stop in the office when you're back in town.
Your Realtors,
Bruce Larson - Rob Birkeland
Larson Group Real Estate - Shores & More

Larson Group Real Estate - Shores & More specializes in Minnesota lakeshore property including the cities of Crosslake, Pequot Lakes, Nisswa, Brainerd, Breezy Point, Fifty Lakes, Merrifield and Pine River that also includes:  The Whitefish Chain, the Gull Chain and the surrounding lakes of Pelican Lake, Horseshoe Lake, Kimball Lake, Ossawinnamakee Lake, Kego Lake, Mitchell Lake, East Fox Lake and West Fox Lake.

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Crosslake real estate & Crosslake mn homes for sale, Brainerd & Nisswa & Whitefish Chain real estate and homes for sale. Lake homes for sale in Minnesota, land and waterfront property available with our map-based search of central and northern Minnesota real estate.

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