This market study is a broad snapshot of the entire West Michigan market (on and off water), and sub-markets within the West Michigan area. There will always be outliers relative to the broad market, just as certain stocks will perform poorly in a good stock market run. I did not break down the statistics neighborhood to neighborhood, but if I did, I’m sure I would find many areas that perform better and worse than the overall market…this is just the average, and the average looks healthy. Your home is in a market that seems to be trending on the slow side…chalk it up to higher lake levels and less beach, but when we look at North Shore off water homes, the trend is slowing. It’s a market within a market that I did not include in this report, since I didn’t want to bog people down with too much data.
I hope you are well and the home is sold soon!
Why is it, your market txt expounding a “healthy market trend” and a “ the lakeshore being the darling of the Midwest” does not compute on North Shore and Maiden Lane, and is contrary to what you told me in my home in May. I realize your using market speak, but needless to say, it’s a bit double speak and your healthy market scenario is not evident in my neighborhood in à variety of prices.