Updated on January 6, 2016
End of the year sales statistics for West Michigan
As everyone in America that has been involved in real estate over the past year (whether you’re a buyer, seller or professional) probably already knows, the market for home sales has gotten a lot stronger this year. So, I have taken it upon myself to see and share just how strong it really was overall for West Michigan Real Estate.
Across the board, we saw a 7% increase in average sale price, with 2,872 more homes sold in 2015 vs 2014. Average sale price went from $147,078 to $157,042. And while prices and number of sale were up, absorption rate was as well, as we only saw 1,443 more listings in 2015 than were listed in 2014.
Breaking it down by area for single family homes along the lakeshore
|Community||#Sold 2014||#Sold 2015||Pct||Avg 2014||Avg 2015||Pct|
|North Ottawa County||1,032||1,037||+0||$199,823||$218,298||+9|
Keep reading my blog for more detailed statistics on communities and waterfront sales here in West Michigan.