Tuesday, January 7, 2014

North Holland Area Market Statistics 2013 vs 2012

Year end real estate statistics for the areas of Park Township and Holland, North of Lake Macatawa and west of highway 31, single family homes both on and off water.  In 2012 there were 441 single family homes sold with an average sale price of $214,478, averaging 109 days of marketing time, and sellers were able to get 94.71% of their last asking price. The 441 homes sold averaged 3 bedrooms, 2.46 baths and 1628 square feet.  The low sale price was $20,000, the high was $1,797,000, and the median was $145,000 in 2012. 
In 2013 there were 433 homes sold, a 2% decrease compared to 2012, at an average sale price of $210,040, also a 2% decrease, averaging 91 days of marketing time, and sellers were able to get 94.97% of their last asking price. The 433 homes averaged 3 bedrooms, 2.52 baths and 1671 square feet of living space.  The low sale price was $23,500, the high was sold for $1,900,000, and the median number was $159,900 in 2013, representing a 10% increase in median sale price vs 2012.
The main number to look at here is the median sale prices since they reflect a more accurate representation of market value in that area "in general" by eliminating the extremes.  The last time we saw numbers like these were in 2004 when there were 501 homes sold in this area at a median of...$159,900!  Are we back to the good times?

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