Hello again, been busy in the market with customers...what a great year to sell a home in West Michigan!
For the current year to date single family home sales along the coast of West Michigan, from New Buffalo on up to Manistee and beyond, we have seen exceptional growth in every region. The star being the Saugatuck Holland market, where prices have risen 13% year over, with an average sales price of $217,096 compared to $191,029 the prior year. With the number sold up 11% and the number of new listings only up 3%, looks like the law of supply and demand is definitely on the sellers' side in the Holland Saugatuck Market.
In the Mason Oceana and Manistee region, price gains aren't too far behind at 12%, from $120,840 to $135,905 for average sale price.
Muskegon County, which has had its troubles seeing average sales prices increase posted a surprising 8% gain year over, from $107,567 to $117,046 average sale price. Numbers sold is outpacing number listed 5% to 3%.
North Ottawa County, which includes Spring Lake and Grand Haven is also up 8% from last year during the same time frame, with prices for sold homes increasing from $201,261 to $217,579. Number of sold listings is up 4% from last year, while new inventory is only up 1%.
In the Southwestern Michigan Market, which includes New Buffalo, St Joe, and South Haven, prices have risen 3% on average from compared to last year, from $179,450 to $186,171. Number sold is up a whopping 10% and new listings is flat...this is the best market for sellers, hands down!