2015 Lake Macatawa Real Estate Sales Statistics

2015 was a great year for Lake Macatawa Real Estate Sales!Lake_Macatawa

I’m proud to report, that with the rest of the West Michigan real estate market, Lake Macatawa did not disappoint when it came to waterfront real estate along Holland’s favorite inland lake.  After living through the dark times of the real estate crash in 2009 where only 3 single family homes were sold, and 2 condos were sold along Lake Macatawa, in 2015 we saw 26 single homes sold and 6 condos…the most in the 8 years I went back.  Yes, real estate is certainly BACK!

Single Family Homes
Year Average Sale Price Number of Sales Avg Price From Previous Year
2007 $1,031,429 7  
2008 $739,440 12 -28%
2009 $604,542 3 -18%
2010 $793,233 9 +31%
2011 $674,855 11 -14%
2012 $623,948 21 -7%
2013 $686,329 17 +9%
2014 $810,618 17 +18%
2015 $788,374 26 -2%

As you can see, after a couple of very strong years price-wise, looks like we may have leveled off a bit for the moment, but as inventory shrinks with the large number of sales we are seeing, prices might be reignited and make another jump.

Kersh Ruhl

Kersh Ruhl

Realtor
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