Lake Macatawa Sales are robust. Currently on Lake Macatawa there are 16 homes
or condos for sale ranging from $425,000 to $1,895,000 in price with the average
listing price of $856,169. And the good news is there are currently 7 sales
pending, a closing in the near future, and the average list price of those seven
sales is $599,686.
In the past 12 months there were 15
Lake
Macatawa homes or condos that sold with an average sales price of $653,667.
They ranged from a condo at $275,000 to $1,125,000 with 3 of the 15 sales at or
above $1 million.
The market seems to be responding nicely to the interest rates. I am in
the process of doing a few refinances on investment properties and got a 3.25%
rate (with all closing costs rolled in at that rate) for a 15-year fixed rate
mortgage. 30 year rates and Jumbo loans (over $417,500) are a bit higher. Lots
of good buys still out there!