Posted on August 14, 2019
West Michigan Lakeshore Real Estate Year To Date
A look at the West Michigan Lakeshore Real Estate Market for 2019 to date
As we head into another school year after a summer packed with sun, fun, and lots of real estate sales, let’s see how we a fairing so far this year.
Summer is always a great time to make a move, and the market has been red hot in the past years, but are we at a point of equilibrium between buyers and sellers? Let’s look at a couple of graphs and see how the market has done this year compared to last.
The first graph below is for single family homes along the lakeshore, and as you can see, we are still experiencing a healthy market trend in all areas, with Holland / Saugatuck and Muskegon leading the way at 11% and 8% gains year over.
Next, let’s look at the West Michigan Condominium market along the lakeshore for 2018 vs 2019. The number of condo listings and sales have been weak this year compared to last, but there are some good projects in the works that will help with turning things around in some of the communities.
The entire Lakeshore region to Grand Rapids continues to be the darling of Midwest Real Estate, and seems to be the topic of a national article every week! I look for more of the solid market trend to continue as we see moving from large metropolitan areas to our amazing lakeside communities. For instance we see many new faces from the Chicago area moving here just to avoid the higher taxes in the city. With loads of entertainment, great housing, and an amazing geographic location, I think the move ends up being a pretty easy one.
As always, feel free to contact Kersh, Lauri, or Jillyn for any real estate needs you might have.