Renewed Activity in Higher End Properties

September is the most beautiful time in Harbor Country. Hope you had a chance to make it to the Harvest Festival last weekend, it was a wonderful time. This fall has started with a flurry of activity in the higher end of our market. September sales volume was over 11 million, and 71% higher than the same time last year. Prices from Bridgman to New Buffalo have stabilized, and are up slightly over last year. REO/Bank Owned sales reached a peak of 47% of sales in Mar, and have since dropped to 29% in September. Since September 1, 35 homes have closed with 23% of those closing over $500,000. On October 7th, another 2 million dollar Lakefront property went under contract. Residential listings in the area are down 12% since last September. If you have been considering a Harbor Country getaway, it may be time to take a closer look. Please contact Paul or myself, if you would like any additional information, or are interested in taking a look around.

All data is from SWMAR September 2011.