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
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
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.