Grand Marais Real Estate Market Summary

Below is the Market Summary for the Grand Marais, Minnesota residential market over the past six years according to the Arrowhead MLS system.  Very interesting numbers indeed.

Year                      Units Sold              Average Price               Median Price

2004                           21                         $169,019                        $158,000
2005                           25                         $171,664                        $170,000
2006                           19                         $184,416                        $185,000
2007                           11                         $198,560                        $193,757
2008                           10                         $204,710                        $211,250
2009                           10                         $169,090                        $171,500

Side Note: These figures do not reflect any sales that may have been made outside of the MLS, such as relative or private party sales.