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

By
Real Estate Agent with Pangburn Properties, Inc.

November 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 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 November 30, 2007

  • Residential                    499
  • Multi-Family                   11
  • Land                             358
  • Commercial                    39

Sold Listings                Nov. 2007         Nov. 2006         Nov. 2005

  • Residential                    25                     25                     23
  • Multi-Family                    0                      1                        0
  • Land                              7                      7                        7
  • Commercial                    0                      3                        1

Median Home Price

  • November 2007              $81,756
  • November 2006              $111,000
  • November 2005              $92,000

Average Days On Market

  • November 2007              166
  • November 2006              201
  • November 2005              163

Sold Listings From Jan. 1 through Nov. 30      2007     2006     2005

  • Residential                                                   301       319       377
  • Multi-Family                                                    2          5          3
  • Land                                                             74         87        103
  • Commercial                                                   10         10         10

Median Home Price Jan. 1 through Nov. 30

  • 2007                 $82,160
  • 2006                 $91,670
  • 2005                 $90,000

Average Days On Market Jan. 1 through Nov. 30

  • 2007                 202
  • 2006                 189
  • 2005                 193

The Residential Home Sales Year-To-Date Statistics Indicate - 5.7% fewer sales from 2006 statistics and 20.2% fewer sales from 2005 statistics.

The Median Home Price Year-To-Date Statistics Indicate - 10.4% price reduction from 2006 statistics and a 8.7% price reduction from 2005 statistics.

The Days on Market Year-To-Date Statistics Indicate - 13 days longer marketing time than the 2006 statistics and 9 days longer marketing time than the 2005 statistics.

 

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