For the
Holland real estate condo market for the first 6 months of 2007 Vs 2008. In 2007 there were 121 condos sold in Holland with an average sale price of $145,109, compared to 2008 when there were 71 condos sold with an average sale price of $154,704, representing a 42% drop in number of units sold and a 6% increase in average sale price. Average days on the market for these condos in 2007 was 239 while in 2008 it was 209. Average sale to list price percentage in 2007 was 97.11% and in 2008 it was 95.60%. The High, low, and median sale prices in the
Holland condo market in 2007 were $321,000, $50,470, and $137,400 respectively compared to 2008 when those numbers were $1,000,000, $45,500, and $137,500. Only $100 difference in median sale price...pretty consistant.
Even taking out the 1,000,000 condo sale, the average sale price for
Holland condos was $151,232, so that is not the big concern. The 42% drop in number of sales is definitely eye-opening.