End of the year sales statistics for West Michigan

West Michigan Real Estate
What a good year it was!

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
Holland/Saugatuck 1,770 1,939 +9 $198,387 $219,548 +10
North Ottawa County 1,032 1,037 +0 $199,823 $218,298 +9
Muskegon County 1,964 2,184 +11 $108,985 $119,521 +9
Southwest Michigan 2829 3076 +8 $178,061 $187,837 +5

Keep reading my blog for more detailed statistics on communities and waterfront sales here in West Michigan.

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