Saugatuck, Mi Area Market Study 2010 versus 2011 - PRICES ON THE RISE - Land Sales more than doubled.

Saugatuck, Mi, Real Estate single family sale numbers for Saugatuck, Douglas, and Saugatuck Township is a mixed bag. Dollars spent on single family homes decreased by about 5 % from $25,388,135 to $24,175,874 and the number of homes sold decreased by 13% from 94 homes to 81 homes

BUT the interesting news is that the median price of homes sold went UP 3% from $235,000 to $243,000 and the average price of homes sold went up 10% from 270,087 to $298,468.

NOW HERE IS THE REALLY GOOD NEWS!

Sales of vacant land in Saugatuck, Douglas and Saugatuck Township has increased by 241%

from total sales of $1,662,150 in 2010 to $3,999,350 in 2011. Twenty two properties sold in 2010 and twenty six properties sold in 2011. The average price of vacant land has doubled from $75,552 to $153,821!

If land sales are up, can constuction be very far behind?