The results are in, and as I expected, since the office has been active lately with customers in conference rooms and agents on their phones, the numbers are good.
The number of condos under contract for the first qurter of 2015 vs 2014 is up from 55 last year to 67 this year, a 21% increase. The current average sales price is up from $154,714 last year to $205,795...a staggering 33% increase in average sale price!
The number of single family homes under contract is up from 375 as of the 1st of April last year to 463 this year, a 23% increase. The average sale price for homes in the Holland Saugatuck market is up from $174,477 last year to $211,860 this year for the same time frame, which is a very healthy 21% increase in average home sale prices. On the flip side of that, new listings are also up 18%, as sellers have caught on to the fact that homes are selling and now might be a good time to cash in. So, with this new inventory, expect prices to even out a bit, as buyers will have more choices when looking for a home.
Happy home selling/buying!