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Press Room

December 2017, The Housing Market in Cass County & SWMI

Overall home sales in 2017 in Cass County rose 3 percent (708 vs. 685). Sales in August and September were 87 and 85 homes respectively; the highest numbers per month for the past three years. In December, the number of homes sold slipped 9 percent from December 2016 (49 vs. 54).

The number of waterfront homes sold in all of 2017 increased 17 percent over 2016 (212 vs. 181). The number of non-waterfront homes sold, slipped 2 percent from 504 in 2016 to 496 in 2017.

In December 2017 the number of waterfront homes sold declined 21 percent to 11 from 14 in December 2016. Non-waterfront homes sales decreased by 5 percent (38 vs. 40).

Read more: December 2017, The Housing Market in Cass County & SWMI

December 2017, The Housing Market in South Haven 49090 and SWMI

In 2017, the number of single family home sales in the South Haven zip code 49090 increased 15 percent when compared to 2016 (260 vs. 260). There number of single family houses sold in December 2017 declined 25 percent from December 2016 (12 vs. 16).

The average selling price for single family houses in 2017 slipped 3 percent to $271,622 from $280,371 in 2016. The median selling price for single family houses in 2017 51 rose 16 percent over 2016 ($204,000 vs. $216,250).

In December, the average selling price for single family houses soared 54 percent when compared to December 2016 ($385,325 vs. $250,238). The median selling price in December 2017 jumped 51 percent to $327,500 from $176,500 in December 2016.

Read more: December 2017, The Housing Market in South Haven 49090 and SWMI

November 2017, SWMI Housing Market - Continues Record Setting Pace

“The SWMI housing market for all eleven months of 2017 has continued to surpass nearly all records set in 2016. November 2017 was slightly higher in the number of houses sold, total dollar volume, and average selling price than November 2016. The median selling price, however, soared 17 percent higher than in November 2016. The year-to-date numbers in 2017 were solidly ahead of 2016 which became the new peak year in our year-over-year comparison back to 2006,” stated Alan Jeffries, Association Executive, Southwestern Michigan Association of REALTORS®, Inc.

Read more: November 2017, SWMI Housing Market - Continues Record Setting Pace

December 2017, The Housing Market in Southwestern Michigan

At the end of 2016, we were excited about setting a new peak year for the local housing market. It had been a long road back from the 2006, the previous peak year. Then in 2017 the housing market continued to outpace numbers set 2016 while the inventory of houses for sale continued to shrink. The number of houses sold, the total dollar volume, and the average and median selling prices for 2017 all surpassed 2016 numbers crowning 2017 the new peak year for the housing market in Southwestern Michigan.

Read more: December 2017, The Housing Market in Southwestern Michigan

November 2017, The Housing Market in Cass County & SWMI

In November 2017, the number houses sold in Cass County overall including waterfront and non-waterfront houses was up 20 percent (71 vs. 59). Year-to-date overall sales were up 4 percent (659 vs.631).

The number of waterfront homes sold in November 2017 at 26 was up 117 percent over the 12 houses sold in November 2016. 

Non-waterfront home sales were down by 2 houses in November 2017 when compared to November 2016 (45 vs. 47). Year-to-date, non-waterfront home sales were down by 1 percent (458 vs. 464).

In November, the average selling price in Cass County for all homes soared 32 percent to $192,106 from $145,277 in November 2016. The median selling price for all homes increased 19 percent to $142,500 from $119,500 in 2016.

Read more: November 2017, The Housing Market in Cass County & SWMI