U.P. Spring Wildlife

Grouse in Marquette County

 

 

 

 

 

U.P. wildlife is out and active as Spring comes upon us in the Upper Peninsula.

It is Spring in the U.P. and despite the weather, we are seeing all kinds of wildlife out in the field. On a particular Saturday in mid April, I saw a number of grouse, deer, woodcock, ducks, geese, turkeys, and a rooster pheasant! Game seems to be relocating, migrating, and moving about to find mates or fresh food sources.

We’ve been seeing a pleasantly surprising number of grouse and woodcock this spring. This one in the photo above jumped up into view when I slowed to look at a property line. Without that movement, I would have never spotted it. From what I’ve seen of mature birds this winter and Spring, we should have a strong population this coming fall if the hatching season has good conditions.

Whitetail on Kelso Road

This whitetail doe gave us a chance to snap a few pics while browsing just off the Hilltop Kelso Road in Iron County. Spring in the U.P. brings fresh buds and green up that the deer seek out. This doe was feeding on regeneration in an old clearing just off the main road. We had several other deer sightings this day, but this was the only camera friendly encounter. The deer numbers in the U.P. seem to be higher this year than in recent memory. We’ve seen more live deer, highway kills, and sign in the woods than in recent years. Hopefully this will translate to a healthier herd going forward.

One of the great aspects of what we do is being outdoors throughout the seasons and enjoying the U.P. wildlife. While traveling to view new properties we cover much of the Upper Peninsula and are blessed with the opportunity to see the great variety of wildlife that the U.P. has to offer.

U.P. Market Update – Waterfront Properties

Luce County

The market for waterfront properties in the Upper Peninsula is on the move in a positive direction. This market might have seen the greatest increases in values of any market in the U.P. during the mid 2000s. Terms that applied to markets throughout the country such as “Real Estate bubble”, certainly applied to the Upper Peninsula’s waterfront market. Many buyers were purchasing properties on speculation that this market would continue to see large gains in value.

Much of the purchasing power for these waterfront properties came from home equity loans. As the national housing market ran high, many homeowners refinanced and took their equity out to make waterfront purchases. When the Real Estate “bubble” burst in 2008, the market for U.P. waterfront properties soon followed. As the finances of many investors and homeowners alike took a hit, the buyers for our waterfront parcels almost disappeared. Combined with the lack of buyers, a flood of sellers looking to get money out of the market pushed inventories high and values down.

It took a few years after 2008 for this market to really hit the bottom. It took even more time for much of the inventory to reduce and buyers to come back to this market so that values could stabilize. Well, we are now happy to say that this has definitely happened. In the past four years, we have seen steady increases in sales volumes. In the past two years, we have started to see an increase in market values. Real Estate markets in the U.P. vary greatly from location to location, but generally, things are positive.

While the bottom of the market may have passed, the time to buy has not. Some of our lakes, rivers, and¬†other non-residential¬†property types have just started to see this positive movement. A buyer can take comfort in this stabilization while also getting into the market at a good value point. The best news here may be for sellers. Sellers that may be thinking the market isn’t good enough to move their property, very well may be wrong.

If you have a waterfront property in the U.P. and you’ve been thinking that conditions are not good enough to sell, please reconsider. We have seen strong increases in sales within this market for several years in a row now. This winter, we have seen an increase in buyers in this marketplace. While pricing new inventory, we are also seeing increases in values over previous years.

So as we transition from a buyer’s market to a seller’s market, there are good opportunities for both buyers and sellers. If you are either, please contact us to discuss your specific property type and location. Waterfront markets can literally vary from lake to lake, so let us know where you’d like to buy or sell and we can provide up to date accurate information on the current status of that market.

While we may not be back at the pre-crash levels of the 2006-2007 markets, we feel like this market has definitely turned the corner. As other similar markets have pressed to all time high levels, we feel like there is significant room to move in this market as well. The U.P. has so many great waterfront properties to offer and now is a great to buy, or sell one of these.