Tuesday, November 5, 2013

Lake Macatawa Real Estate Statistics

For the first 10 months of the year home sales along the waterfront of Lake Macatawa in 2013 there were 13 single family homes sold at an average of $741,615 compared to 18 homes sold in 2012 at an average of $662,772, representing a 12% increase in average sales price year over, however a 28% drop in number of sales.  Currently there are 24 homes actively for sale along Lake Macatawa with an average listing price of $946,975 representing a current average sale average price to listing price gap of  $205,360.  Average days on the market in 2012 along Lake Macatawa was 231 while in 2013 that number has increased to 368. 
The bottom line here is, it is nice to see average sale price increase, but it looks like the gap between the average sale price vs the average listing price is hurting the total number of sales in this market.

2 comments:

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