June 1st is the start of hurricane season. This may be the time for a second home in an area that has many under priced homes. Ironwood, Michigan and Hurley, Wisconsin has seen prices rise over 20% this last year. They could continue to rise because of inflation and could be a great investment in the next two years if you are a cash buyer.
Some homes are priced as low as $50,000 and the supply is running out fast. This last year some homes have only been on the market for less than one week before they had an offer.
Real Estate has been a strange market these last three years from the time President Biden got in office. Many people have been moving to places like Florida and Texas for tax reasons, but want to get out during the hot summers. This is one reason that many people are buying a second home in some areas like Ironwood and Hurley.
The reason many people are moving out of Illinois, New York, New Jersey and California is because of high taxes and crime getting out of control. One of the best real estate offices to call is Northern Trails Realty that is located in Ironwood, Michigan. They have been selling in that area for many years and have some very experienced agents working out of that office.
Ironwood is about 15 miles from Lake Superior and a short day drive to Bayfield, Wisconsin that has many events during the summer. You can take the ferry to Madeline Island to visit the shops and restaurants. You may want to take a glass bottom boat ride around the islands that is very interesting. Lake Superior is known for its clean water.
If you have any questions about the area or homes available, call Northern Trails Realty in Ironwood at 906-932-4110. Their website is NorthernTrailsRealty.com that can give you more information about the company and Dean Lantta who is the owner.