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White Bear Lake surges back; Real estate values follow lake's rebound

May 29, 2019 10:32 PM

White Bear Lake, after reaching its lowest water level this century in 2013, has surged back in 2019 and is currently a little higher than average for this time of year.

Long-time realtor at White Bear Lake Realty, James Sanchez, told 5 EYEWITNESS NEWS property values, for most of the lakeshore, have doubled since the lake's rebound.

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"There was definitely a panic this decade when people thought White Bear Lake was going to become a sand pit," said Sanchez. "But, for those who bought homes at a discount from those worried sellers are now looking at property values that have doubled."


More from KSTP:

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Sanchez told KSTP he was not immune to the fear that property owners felt when the lake continuously receded for many years and watched in disbelief as some homeowners could not build their boat docks long enough to even reach the water.

"Oh, believe me, just about everyone in town was worried a little bit at some point," said Sanchez. "But, when you looked at the  historical reocrds, we had seen this before and just had to keep the faith it would return and the lake did return along with property values."

Bruce Haglund told KSTP he bought a home right on the shores of White Bear Lake in 2012 after it sat on the market for more than three years and it came at a much-reduced price.

"Nobody wanted the house, which is beautiful, because they were too fearful of the lake receding more," said Haglund. "So, I loved the place and could not have predicted the lake's return so quickly, but it worked out really well and is a good investment."

Climatologists at the Minnesota Department of Natural Resources have publicly said heavy rain and snow over the past two years have definitely played a role in White Bear Lake's water level comeback.

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Credits

Jay Kolls

Copyright 2019 - KSTP-TV, LLC A Hubbard Broadcasting Company

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