Spring has arrived and the Minnesota lake property market continues to heat up. Richfield, MN (PRWEB) April 6, 2005 -- Spring has arrived and the Minnesota lake property market is heating up. With the baby boomer generation preparing to enter their retirement years, historically low interest rates, and more and more people investing in real estate to diversify their portfolios, Cameron Henkel and David Gooden, co-founders of LakePlace.com, do not anticipate the trend slowing down anytime soon. "According to the most recent NAR (National Association of Realtors) data, the second home market in the U.S. will continue to grow for the foreseeable future," says Cameron Henkel, "and with more shoreline than Florida, California, and Hawaii combined, the Minnesota lake property market may be poised to lead the way." LakePlace.com average asking prices as of April 04, 2005: *Prices reflect greater Minnesota lakefront properties only. Water-view, water-access, river properties, and metro lakes are not included in the findings. Average MN Lake Home - $500,589 (256 listings) Median - $374,900 Low - $110,00 High - $3,950,000 Average MN 3 Season Lake Cabin - $185,158 (24 listings) Median - $179,900 Low - $70,000 High - $399,000 Average MN Lake Lot - $222,080 (200 listings) Median - $139,900 Low - $25,000 High - $7,750,000 The data also shows that the traditional "cabin" is becoming a rarity as Minnesota lake property owners continue to build homes or upgrade their 3 season cabins to larger, year-round lake homes. About LakePlace.com Exclusively promoting Minnesota & Wisconsin, LakePlace.com is the leading source for lake homes, cabins, & lake lots for sale. LakePlace.com features more than 800 lake properties for sale, 200 private cabin rentals, and 2,200 lakeside resorts. Contact: Cameron Henkel LakePlace.com 612-366-4454 612-866-2541 (fax) e-mail protected from spam bots www.LakePlace.com

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