For the month of November in the
Grand Haven/Spring Lake area Real estate market for the month of November, 2007 compared to 2008. In 2007 there were 60 homes sold in the month of November with an average sale price of $220,658 compared to 36 homes sold in 2008, with an average sale price of $156,380; representing a 29% drop in average sale price, and a 40% drop in number of sales in the greater
Grand Haven Real estate market area. Average list to sale price percentage in 2007 was 94.34%, and average ORIGINAL list price to sale price percentage was 90.8%; 2008's numbers were 96.60% and 90.2%. Average days on the market for these
Grand Haven area homes was 184 in November, 2007 and in November, 2008 it took 179 days to sell these homes. The high, low, and median home sale prices in November 2007 were $1,200,000, $32,500, and $158,625 respectively; in 2008 they were $950,000, $39,900, and $196,500.
Quite a drop off in sales and average sale price this year compared to last. Not mch of a shock, as these numbers are right in line with what the media is telling us.