Property values defineately declining in the Brainerd Lakes Area

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Real Estate Broker/Owner with Keller Williams Realty Professionals 40355590

Just starting to see the home values declining at a rapid pace on the Gull Lake Chain.  There has been to REO properties on the Gull Lake Chain that have recently came on the market and are under contract.  Both properties were priced under the $300k mark.  Both properties are currently under contract or have sold.  These prices were unheard of in the past 7years.  Their taxable market assessed values were well over (around $200k) their recent list and sold price.  Great opportunity for investors or lake home seekers.  Definitely more to come.

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home values declining gull lake

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Rainmaker
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Randy Schulenburg
Schulenburg Realty, Inc. - Algonquin, IL
Schulenburg Realty, Inc.

Definitely more to come like you say Jamie.  We have a long road ahead.

Feb 04, 2010 03:25 AM #1
Rainmaker
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Jamie Magness
Keller Williams Realty Professionals - Baxter, MN
Distinctive Properties

Very long road indeed.  There is a positive way to look at it; We are going to have some great opportuinities!

Feb 04, 2010 03:29 AM #2
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Rainmaker
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Jamie Magness

Distinctive Properties
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