Although other areas around the country have seen very low numbers for sales it may not be the same for the Holland/Saugatuck area of Michigan. Now that prices are at a more affordable level home sales continue to improve. With all the rumors going around about the real estate market across the country we took a look at the numbers for Holland and Saugatuck area.
We have seen an increase in sales of homes and condos on Lake Macatawa and Lake Michigan over the past year compared to last year. Compared to 2009 we have seen a double in sales on the waterfront in the Holland Area. So far 2010 has produced much better numbers in the unsteady real estate market.
The graph below shows the average selling prices of homes and vacant land sold in Holland/Saugatuck area. The graph shows the years starting from 2005 and going through August of 2010. The recession that begin in 2007 may be starting to climb three years later. As the graph shows there has been an improvement in average selling price already in 2010 than last year.
The graph below shows the annual number of homes and vacant land sold in the Holland/Saugatuck area of Michigan. Through August of this year we have sold over 1315 homes already. The average selling price for 2010 so far is is over $142,000 and the average number of days on the market is 115 days.
For more information on purchasing a home in the Holland area contact the Andrea Crossman Group.