Tuesday, May 12, 2015

High-end Real Estate Statistics first 4 months of 2015 Saugatuck, Holland, and Grand Haven Markets

For the first 4 months of 2015 vs 2014 for the markets including Saugatuck, Holland, West Olive, Grand Haven, and Spring Lake, sales have been very strong in the $500,000+ market so far this year.  Since January 1st this year there have been 30 homes and 3 condos sold at or over the $500,000 mark, compared to last year when there were 23 homes and 0 condos sold at or over $500,000.  Average sale price was $965,097 this year for the first 4 months in the luxury homes market, compared to $723,104 last year for the same time period, a 33% increase in single family homes sales.  While this is very good news for sellers compared to last year's numbers, there is still some room for buyers to sneak in and get a good value, as we are still not back to our 2007 high for average sale price of $1,295,663 for single family luxury homes from Saugatuck to Grand Haven for the first 4 months of the year.