For the area North of the Holland Channel, along the Lake Michigan coastline and North lake Macatawa areas, 2009 compared to 2008 home sales from January 1st-October 19th. In 2008 there were a total of 268 homes sold in this area, with an average sale price of $224,007. In 2009 there were 275 homes sold, with an average sale price of $182,698, representing a 18% drop in average sale price year over.
It's nice to see that number of listings selling is up year to date, but that 18% drop is not an encouraging sign for sellers. It seems that short sales are having a huge impact on the market these days, as they have been becoming increasingly more en-vogue. I think the announcement of the new jobs coming to the area should temper the slide a bit, and possibly level things off for a while to come.