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Holland Michigan "Ottawa Lakeshore" Real Estate Sales to date 2013 vs 2014

For the area known as the Ottawa Lakeshore which is from North of the Lake Macatawa channel to Grand Haven Township, and east from Lake Michigan to 160th Ave in Holland.  Last year there were 289 active listings at this time, and this year we only have 168, which is a whopping 41% decrease in active listings.  There had been 150 homes sold along the lakeshore in 2013, and this year so far only 97, which is a 35% decrease, so at least the number of homes sold is out pacing the number of active vs last year percentage wise.  The good news is it seems as though the lack of inventory is having a positive effect on prices, as the average sale price along the lakeshore so far is $283,780 for 2014 vs $274,085 to this point in 2013, an increase of 3% year over.  Not a huge bump, but not negative either.  Now we do need to take into account that this area does represent Lake Michigan homes as well, so the averages are going to be a little higher than if all the homes did not have the water factor.




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