By popular demand, I have finally completed the market study for sales of residential units in Saugatuck, Douglas, and Saugatuck Township in 2008 as compared to 2007.
147 Residential Units sold in 2007 versus 96 in 2008. Number of sales dropped by 65%.
$45,500,000 was spent for residential units in 2007 as compared to $27,800,000 in 2008. Dollars spend dropped by 61%.
Lowest priced sale in 2007 was $50,000. Lowest priced sale in 2008 was $17,000. SUCH A DEAL!
Highest priced sale in 2007 was $1,711,000 and in 2008 it was $1,300,000. Even the lake shore properties are going for less. NOW YOU CAN OWN ON LAKE MICHIGAN. COME ON OVER!
In 2007 buyers were paying an average of 94% of the asking price while in 2008, they were paying 92%. Great deals for buyers.
Medium price in 2007 was $254,500 while in 2008 it was $221,000.
Buyers appear to have had more choices in 2008 at lesser cost than in 2007. This trend is continuing. THERE ARE GREAT DEALS IN SAUGATUCK TOWNSHIP!
Call Dee Dee at 616-836-8535 and get your dream home near Saugatuck NOW. To see all the listings, just go to www.mysaugatuck.com.
As Associate Broker with Coldwell Banker in Saugatuck/Douglas and extensive real estate experience, I look forward to helping you with all your real estate needs.
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