Newaygo County, Michigan - Real Estate Statistics As Of September 30, 2007

By
Real Estate Broker/Owner with Pangburn Properties, Inc.

September 2007 Statistics For Newaygo County, Michigan

Location:  Newaygo County is located in West Michigan approximately 40 minutes from the Shores of Lake Michigan and is situated East of Oceana County, Northeast of Muskegon County, North of Kent County, West of Montcalm & Mecosta County and South of Lake County.

Location Characteristics:  Predominately rural.  Employment centers such as Fremont, White Cloud & Newaygo.  Employment opportunities in metropolitan areas such as Grand Rapids, Muskegon, Big Rapids, Cadillac & Ludington would require a 30 to 60 minute commute.

Major Arteries:  M-37, US-10 and M-82

Terrain Characteristics:  Manistee National Forest, Over 32 Public Access Lakes, The Muskegon River, Pere Marquette River, White River and several tributaries and designated Trout Streams.  Several farming communities and recreational communities.

The following data was gathered from the West Central Association of REALTORS® Multiple Listing Service.

Newaygo County Real Estate Statistics

 

Active Listings As Of September 30, 2007

  • Residential                    530
  • Multi-Family                  10
  • Land                             349
  • Commercial                   33

 

Sold Listings                Sept. 2007        Sept. 2006        Sept. 2005

  • Residential                  24                     37                    33
  • Multi-Family                 0                       0                      0
  • Land                           14                      7                     15
  • Commercial                 1                        2                      2

 

Sold Listings From Jan. 1 through Sept. 1       2007     2006     2005

  • Residential                                                250        263        315
  • Multi-Family                                               2            3            3
  • Land                                                         58          74           90
  • Commercial                                               9            7             9

 

Median Home Price

  • September 2007                        $82,500
  • September 2006                        $111,000
  • September 2005                        $81,000

Median Home Price Jan. 1 through Sept. 30

  • 2007                 $85,050
  • 2006                 $94,000
  • 2005                 $90,000

Average Days On Market

  • September 2007                        223
  • September 2006                        188
  • September 2005                        191

Average Days On Market Jan. 1 through Sept. 30

  • 2007                 200
  • 2006                 185
  • 2005                 191

The Residential Home Sales Year-To-Date Statistics Indicate - 5% fewer sales from 2006 statistics and 21% fewer sales from 2005 statistics.

The Median Home Price Year-To-Date Statistics Indicate - 10% price reduction from 2006 statistics and a 6% price reduction from 2005 statistics.

The Days on Market Year-To-Date Statistics Indicate - 15 days longer marketing time than the 2006 statistics and 9 days longer marketing time than 2005 statistics.

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Kelly Pangburn

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