Newaygo County Waterfront Home Values - Is It A Good Time To Buy or Sell?

By
Real Estate Agent with Pangburn Properties, Inc.

Is it a good time to buy or sell a waterfront home in Newaygo County Michigan?

Based on statistics derived from the Grand Rapids Multiple Listing Service it's a great time to buy a waterfront home!!

The average sale price for waterfront homes in Newaygo County has seen a slight increase from 2006 statistics, on the other hand, the average sale price for waterfront homes in Newaygo County has seen a slight decrease from 2005 statistics.

Average Sale Price     

2007     $188,876
2006     $187,956
2005     $194,034

The most noticeable changes in waterfront home sales is the number of sold properties from year to year, nearly 50% fewer waterfront homes were sold in 2007 compared to 2006, and more than 50% fewer waterfront homes were sold in 2007 compared to 2005.  

Waterfront Homes Sold Jan. 1 thru Nov. 30

2007      32
2006      58
2005      68 

Is it a good time to sell a waterfront home?  Based on statistics, fewer buyers are purchasing waterfront homes.  Waterfront home prices have stayed constant, only fluctuating slightly year to year.  

It is a good time to sell waterfront homes, it may just take a bit longer for a sale to transpire. 

Recommended plan of action for a seller; place your waterfront home on the market in January when there is less competition, instead of waiting until Spring.   

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Anonymous
Anonymous

Kelly

It is a good time to buy and sell

Sincerely

Tom Braatz

Dec 08, 2007 02:06 AM #1
Rainer
32,487
Danielle V. Lewis
DDR Realty - Newburgh, NY
DDR Realty
Time is a factor no matter what...Having the patience for a transaction to complete is important.
Dec 08, 2007 02:31 AM #2
Rainer
2,414
Kelly Pangburn
Pangburn Properties, Inc. - Grant, MI
Patience is a virtual and yes it is a good time to buy and sell!
Dec 08, 2007 02:21 PM #3
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Fred Griffin Real Estate - Tallahassee, FL
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