High-end home sales on the rise
There's a boom in sales above $600K in county
September 22, 2023
More expensive homes are changing hands than ever before in Carlton County, which saw a $1.29 million property sale close Sept. 15, and 16 sales over $600,000 in the past 12 months.
"We're seeing record increases in values," county assessor Kyle Holmes said. "When it stops, only the buyers and sellers will let me know. Right now, it's not slowing down."
Residential home assessments have increased 70 percent from 2021-23, with respective increases of 20 percent, 30 percent and another 20 percent on track for this year.
Neither inflation, nor rising interest rates has slowed the market.