In the past 12 months there were 15 Lake Macatawa homes or condos that sold with an average sales price of $653,667. They ranged from a condo at $275,000 to $1,125,000 with 3 of the 15 sales at or above $1 million.
The market seems to be responding nicely to the interest rates. I am in the process of doing a few refinances on investment properties and got a 3.25% rate (with all closing costs rolled in at that rate) for a 15-year fixed rate mortgage. 30 year rates and Jumbo loans (over $417,500) are a bit higher. Lots of good buys still out there!