Saugatuck area real estate sales are up - way up - year to date as compared to the same time in 2011.
In 2011 to May 18th, 25 single family homes have sold in Saugatuck, Douglas, and Saugatuck Township for a total dollar value of $7,083,900. This year for the same time frame 37 homes have sold which is an increase of 48%. The dollar value this year is $10,799,119 for an increase of 52%. The lowest priced home last year was $25,100 and this year $40,000. The highest price home last year was $845,000 and this year $2,650,000.
The average sale price is up 3% and the median sale price is relatively constant.
Of the three areas, Saugatuck City, City of the Village of Douglas, and Saugatuck Township, properties are moving to the greatest extent in Saugatuck City.
This is very good news for sellers and a wake up call for buyers. Interest rates are still low. Buyers, Come on over. The Water is Fine!
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